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Property profile & analytics
OFF-MARKET
Estimated value
$9,655,000
Strip malls
4821 119th St Overland Park, KS 66209-1560
Entity Owned
21-yr Hold
Free & Clear
Property ID
US33-0461958
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1990
Construction
CONCRETE BLOCKS
Total area
92,726 SF
Lot
8.96 ac (390,298 SF)
Zoning code
CP2
APN
NP29950000 0001
UPID
US33-0461958
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
-
Carbon Health Urgent Care Overland Park - Hawthorne Plaza Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.24M
Blend (final)
Blend
$9.66M
Owner & transaction history
Hawthorne Plaza LLC · 21 yrs held
Hawthorne Plaza LLC
since 2005
1 recorded transaction
Zoning & alternative use
CP2 · Overland Park, KS
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
doc view
Top alternative use upside
Restaurant
$16.1M
+156.3%
Office building
$11.8M
+88.1%
Apartment house (5+ units)
$8.8M
+40.6%
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 Overland Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Overland Park 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
NEIGHBORHOOD: SHOPPING CENTER
$6,275,000
Current use
RESTAURANT
$16,080,000
Change: +156% · Conversion: Difficult
OFFICE BUILDING
$11,805,000
Change: +88% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$8,820,000
Change: +41% · Conversion: Difficult
RETAIL STORES
$6,190,000
Change: -1% · Conversion: Easy
AUTO REPAIR, GARAGE
$6,080,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$9.66M
Range $8.69M – $10.62M · ±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
$104 / 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
$857,847
Tax year 2023
Assessed value
$8,114,251
Assessed 2023
Previous assessed
$7,460,001
+8.8% YoY
Effective rate
10.57%
On assessed value
Assessed land
$520,803
Assessed improvement
$7,593,448
Land market value
$2,083,210
Improvement market value
$30,373,790
Total market value
$32,457,000
Applied tax rate
665.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1990
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
92,726 SF
Lot
8.96 ac (390,298 SF)
Zoning code
CP2
APN
NP29950000 0001
UPID
US33-0461958
Jurisdiction
JOHNSON
Zoning & alternative use
CP2 · Overland Park, KSZoning CP2 · permitted uses
CP2 · Overland Park, KS
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
doc view
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$6.3M
RESTAURANT
Est. value
$16.1M
OFFICE BUILDING
Est. value
$11.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.8M
RETAIL STORES
Est. value
$6.2M
AUTO REPAIR, GARAGE
Est. value
$6.1M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
AUTO REPAIR, GARAGE
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
1990
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
8.96 ac
Current owner
From public records · entity-resolved
Hawthorne Plaza LLC
Entity
Free & Clear · 21 yrs held
Mailing address
4705 CENTRAL ST, KANSAS CITY, MO 64112-1522
Ownership since
2005
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
Jul 18, 2005
—
Hawthorne Plaza LLC
Hawthorne Center Associates LP
Intrafamily Transfer
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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