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Property profile & analytics
OFF-MARKET
Individual retail properties
403 Central Ave Andover, KS 67002-9614
Trust Owned
6-yr Hold
Free & Clear
Property ID
US33-0157409
Property profile
Verified
Property type
Individual retail properties
Use group
GARDEN CENTER, HOME IMPROVEMENT
Year built
1977
Construction
STEEL FRAME
Total area
5,750 SF
Lot
0.83 ac (36,155 SF)
APN
008-304-19-0-10-01-005.00-0
UPID
US33-0157409
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
-
Renew Consign & Pie Cafe Home Decor Store Department Store
-
Renew Holiday GIFTS & more (Bike/Boat/Book/etc) Store
-
The Coffee Bar & Patio (inside Renew) Cafe & Coffee Shop
-
Renew Cafe' & Bakery - Pies, Beignets, Muffins & More Bakery Specialty Food Shop
-
Renew Floral Design - Fresh & Artificial (Bike/Boat/Book/etc) Store Florist
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
Julius,richard J Trust · 6 yrs held
Julius,richard J Trust
since 2020
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Andover submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Andover 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 2019Property tax & assessments
Tax year 2019
Tax billed
$13,863
Tax year 2019
Assessed value
$98,055
Assessed 2023
Previous assessed
$98,055
+0.0% YoY
Effective rate
14.14%
On assessed value
Assessed land
$33,900
Assessed improvement
$64,155
Land market value
$135,600
Improvement market value
$256,620
Total market value
$392,220
Applied tax rate
1.0000
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
Individual retail properties
Use group
GARDEN CENTER, HOME IMPROVEMENT
Status
Off-Market
Year built
1977
Construction
STEEL FRAME
Heating
YES
Cooling
YES
Buildings
2
Total area
5,750 SF
Lot
0.83 ac (36,155 SF)
APN
008-304-19-0-10-01-005.00-0
UPID
US33-0157409
Jurisdiction
BUTLER
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1977
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Buildings
2
Lot
0.83 ac
Current owner
From public records · entity-resolved
Julius,richard J Trust
Trust
Free & Clear · 6 yrs held
Mailing address
1349 N EMPORIA AVE STE #1, WICHITA, KS 67214-2989
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 12, 2020
—
Julius,richard J Trust
Richard J Julius
Quit Claim Deed
related
—
Jun 3, 2010
—
Richard J Julius
Julius,cecilia R
Quit Claim Deed
related
—
—
—
Richard J Julius
—
Deed Of Trust
related
$50,000 · Chisholm Trail St Bk
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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