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Property profile & analytics
OFF-MARKET
Estimated value
$6,910,000
Office buildings
402 State Ave Kansas City, KS 66101-2402
Entity Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US33-0300574
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2008
Construction
FRAME
Total area
77,716 SF
Lot
4.25 ac (185,174 SF)
APN
251703
UPID
US33-0300574
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
Current use
Occupant on record · Public records
-
Vocational Rehabilitation Social Service Agency Charitable Organization
-
Kansas Department for Children and Families Department Of Social Services
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.70M
Blend (final)
Blend
$6.91M
Owner & transaction history
Bg Investments Kc LLC · 11 yrs held
Bg Investments Kc LLC
since 2015
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$7.2M
+65.4%
Commercial (general)
$6.6M
+51.7%
Medical building
$5.4M
+24.9%
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 Kansas City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kansas City 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
$4,335,000
Current use
RETAIL STORES
$7,170,000
Change: +65% · Conversion: Moderate
COMMERCIAL (GENERAL)
$6,575,000
Change: +52% · Conversion: Easy
MEDICAL BUILDING
$5,415,000
Change: +25% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$5,330,000
Change: +23% · Conversion: Easy
INDUSTRIAL (GENERAL)
$5,295,000
Change: +22% · Conversion: Difficult
Blend value · Realmo final
$6.91M
Range $6.22M – $7.60M · ±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
$89 / 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
$305,865
Tax year 2023
Assessed value
$1,746,351
Assessed 2023
Previous assessed
$1,665,925
+4.8% YoY
Effective rate
17.51%
On assessed value
Assessed land
$22,008
Assessed improvement
$1,724,343
Land market value
$88,030
Improvement market value
$6,897,370
Total market value
$6,985,400
Applied tax rate
700.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2008
Construction
FRAME
Heating
YES
Cooling
YES
Stories
2
Units
1
Total area
77,716 SF
Lot
4.25 ac (185,174 SF)
APN
251703
UPID
US33-0300574
Jurisdiction
WYANDOTTE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$4.3M
RETAIL STORES
Est. value
$7.2M
COMMERCIAL (GENERAL)
Est. value
$6.6M
MEDICAL BUILDING
Est. value
$5.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.3M
INDUSTRIAL (GENERAL)
Est. value
$5.3M
OFFICE BUILDING Current
RETAIL STORES
COMMERCIAL (GENERAL)
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (GENERAL)
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
2008
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
2
Units
1
Lot
4.25 ac
Current owner
From public records · entity-resolved
Bg Investments Kc LLC
Entity
Mailing address
4706 BROADWAY STE #240, KANSAS CITY, MO 64112-1910
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
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
May 26, 2015
—
Bg Investments Kc LLC
Gdc Financial Group LLC
Special Warranty Deed
$10,800,000 · Everbank.com
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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