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Property profile & analytics
OFF-MARKET
Estimated value
$645,000
Garden apartment buildings
433 Bluegrass Dr Bonner Springs, KS 66012-1647
Entity Owned
16-yr Hold
Free & Clear
Property ID
US33-0368750
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1973
Construction
BRICK
Total area
6,900 SF
Lot
3.92 ac (170,842 SF)
APN
228407
UPID
US33-0368750
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
$500k
CAP Approach
CAP
$795k
Comparable Approach
Comparable
$637k
Blend (final)
Blend
$645k
Owner & transaction history
River City Rentals Of Kansas LLC · 16 yrs held
River City Rentals Of Kansas LLC
since 2009
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.0M
+119.3%
Office building
$870,000
+83.3%
Auto repair, garage
$785,000
+65.9%
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 Bonner Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bonner Springs 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
$500,000
CAP Approach
CAP Return
Estimation
6%
$860,000
6.5%
$795,000
7%
$740,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$475,000
Current use
RESTAURANT
$1,040,000
Change: +119% · Conversion: Difficult
OFFICE BUILDING
$870,000
Change: +83% · Conversion: Moderate
AUTO REPAIR, GARAGE
$785,000
Change: +66% · Conversion: Difficult
RETAIL STORES
$675,000
Change: +42% · Conversion: Difficult
WAREHOUSE, STORAGE
$615,000
Change: +30% · Conversion: Difficult
COMMERCIAL (GENERAL)
$580,000
Change: +22% · Conversion: Moderate
MEDICAL BUILDING
$475,000
Change: +0% · Conversion: Moderate
Blend value · Realmo final
$645k
Range $581k – $710k · ±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
$93 / 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
$34,711
Tax year 2023
Assessed value
$219,828
Assessed 2023
Previous assessed
$194,167
+13.2% YoY
Effective rate
15.79%
On assessed value
Assessed land
$22,140
Assessed improvement
$197,688
Land market value
$192,520
Improvement market value
$1,719,030
Total market value
$1,911,550
Applied tax rate
110.0000
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
1973
Construction
BRICK
Heating
YES
Cooling
YES
Buildings
4
Stories
2
Units
35
Total area
6,900 SF
Lot
3.92 ac (170,842 SF)
APN
228407
UPID
US33-0368750
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$475,000
RESTAURANT
Est. value
$1.0M
OFFICE BUILDING
Est. value
$870,000
AUTO REPAIR, GARAGE
Est. value
$785,000
RETAIL STORES
Est. value
$675,000
WAREHOUSE, STORAGE
Est. value
$615,000
COMMERCIAL (GENERAL)
Est. value
$580,000
MEDICAL BUILDING
Est. value
$475,000
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
MEDICAL BUILDING
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
1973
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
2
Buildings
4
Units
35
Lot
3.92 ac
Current owner
From public records · entity-resolved
River City Rentals Of Kansas LLC
Entity
Free & Clear · 16 yrs held
Mailing address
PO BOX 303, LANSING, KS 66043-0303
Ownership since
2009
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
Sep 18, 2009
—
River City Rentals Of Kansas LLC
River City Rentals Of Kansas LLC
Warranty Deed
related
—
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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