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Property profile & analytics
OFF-MARKET
Research & development properties
3537 Somerset Dr Prairie Village, KS 66208
Entity Owned
Free & Clear
Property ID
US33-0419497
Property profile
Verified
Property type
Research & development properties
Use group
WASTE DISPOSAL, SEWAGE
Year built
1962
Total area
1,843 SF
Lot
0.15 ac (6,520 SF)
Zoning code
R-3
APN
OF251227-1011
UPID
US33-0419497
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
JO CO BD COMMISSIONERS DYKES BR JT SD A
JO CO BD COMMISSIONERS DYKES BR JT SD A
Zoning & alternative use
R-3 · Prairie Village, KS
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
he C-O, C-2 and C-2 districts No specific uses permitted. MXD is a planned mixed-use district and uses shall be specified based on a development plan, however should be based on combinations of the permitted uses in the R-3. C-O, C-2 and C-2 districts Single family dwellings ■ ■ ■ ■ ■ Two-family dwellings ■ ■ ■ Attached house ■ ■ ■ Townhouse ■ ■ ■ Apartment…
Zone name
Apartment
General category
RESIDENTIAL
Zone area
65.89 ac
Source
Code of Ordinances
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Prairie Village submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Prairie Village submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$148
Tax year 2023
Land market value
$6,520
Improvement market value
$76,740
Total market value
$83,260
Applied tax rate
654.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Research & development properties
Use group
WASTE DISPOSAL, SEWAGE
Status
Off-Market
Year built
1962
Heating
NONE
Cooling
NONE
Stories
1
Total area
1,843 SF
Lot
0.15 ac (6,520 SF)
Zoning code
R-3
APN
OF251227-1011
UPID
US33-0419497
Jurisdiction
JOHNSON
Zoning & alternative use
R-3 · Prairie Village, KSZoning R-3 · permitted uses
R-3 · Prairie Village, KS
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
he C-O, C-2 and C-2 districts No specific uses permitted. MXD is a planned mixed-use district and uses shall be specified based on a development plan, however should be based on combinations of the permitted uses in the R-3. C-O, C-2 and C-2 districts Single family dwellings ■ ■ ■ ■ ■ Two-family dwellings ■ ■ ■ Attached house ■ ■ ■ Townhouse ■ ■ ■ Apartment ■ ■ ■ Nursing and convalescent home O O O O O O O O Group home ■ ■ ■ ■ ■ Residentia
Zone name
Apartment
General category
RESIDENTIAL
Zone area
65.89 ac
Source
Code of Ordinances
Building & site characteristics
From public records
Year built
1962
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.15 ac
Current owner
From public records · entity-resolved
JO CO BD COMMISSIONERS DYKES BR JT SD A
Individual
Free & Clear · 0 yrs held
Mailing address
111 S CHERRY ST, OLATHE, KS 66061-3451
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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