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Property profile & analytics
OFF-MARKET
Estimated value
$2,500,000
Garden apartment buildings
3815 Somerset Dr Prairie Village, KS 66208-5171
Entity Owned
8-yr Hold
Free & Clear
Property ID
US33-0358176
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1986
Construction
FRAME
Total area
29,456 SF
Lot
6.9 ac (300,564 SF)
Zoning code
R2
APN
OF251227-1031
UPID
US33-0358176
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
$2.10M
Blend (final)
Blend
$2.50M
Owner & transaction history
Prairie Property Place LLC · 8 yrs held
Prairie Property Place LLC
since 2017
1 recorded transaction
Zoning & alternative use
R2 · Prairie Village, KS
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Code of Ordinances
Top alternative use upside
Office building
$4.0M
+196.9%
Retail stores
$2.4M
+78.1%
Auto repair, garage
$2.2M
+66.4%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,995,000
Change: +197% · Conversion: Moderate
RETAIL STORES
$2,395,000
Change: +78% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,240,000
Change: +66% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,980,000
Change: +47% · Conversion: Difficult
Blend value · Realmo final
$2.50M
Range $2.25M – $2.75M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$85 / SF
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
$152,276
Tax year 2023
Assessed value
$1,293,635
Assessed 2023
Previous assessed
$1,164,835
+11.1% YoY
Effective rate
11.77%
On assessed value
Assessed land
$207,408
Assessed improvement
$1,086,227
Land market value
$1,803,550
Improvement market value
$9,445,450
Total market value
$11,249,000
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1986
Construction
FRAME
Heating
NONE
Cooling
AC.PACKAGE
Buildings
5
Stories
2
Units
16
Bathrooms
3
Total area
29,456 SF
Lot
6.9 ac (300,564 SF)
Zoning code
R2
APN
OF251227-1031
UPID
US33-0358176
Jurisdiction
JOHNSON
Zoning & alternative use
R2 · Prairie Village, KSZoning R2 · permitted uses
R2 · Prairie Village, KS
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Code of Ordinances
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$4.0M
RETAIL STORES
Est. value
$2.4M
AUTO REPAIR, GARAGE
Est. value
$2.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.0M
OFFICE BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1986
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
2
Buildings
5
Units
16
Bathrooms
3
Lot
6.9 ac
Current owner
From public records · entity-resolved
Prairie Property Place LLC
Entity
Free & Clear · 8 yrs held
Mailing address
6001 WINDHAVEN PKWY STE #210, PLANO, TX 75093-8022
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 4, 2017
—
Prairie Property Place LLC
Prairie Property Ll LLC
Special Warranty Deed
—
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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