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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Grocery and convenience stores
4821 135th St Leawood, KS 66224-8901
Entity Owned
23-yr Hold
~
Est. High Equity
Property ID
US33-0576411
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2002
Construction
CONCRETE BLOCKS
Total area
4,203 SF
Lot
0.72 ac (31,176 SF)
Zoning code
SD-CR
APN
HP91570000 0012
UPID
US33-0576411
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
$575k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$495k
Blend (final)
Blend
$535k
Owner & transaction history
ZIPZ POINTE, LLC
ZIPZ POINTE, LLC
Zoning & alternative use
SD-CR · Leawood, KS
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district shall be to provide for general retail business uses within the City. This district is designed to serve the motoring public or uses involving vehicular traffic and requiring areas bounded by a major street system for their most beneficial operation and which generally are larger in area and more intense in their operation than other retail dis…
Zone name
Planned General Retail
General category
COMMERCIAL
Zone area
361.56 ac
Source
Realmo
Top alternative use upside
Office building
$535,000
+102.1%
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 Leawood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Leawood 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
$575,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$535,000
Change: +102% · Conversion: Moderate
Blend value · Realmo final
$535k
Range $482k – $589k · ±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
$127 / 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
$44,430
Tax year 2023
Assessed value
$389,030
Assessed 2023
Previous assessed
$320,493
+21.4% YoY
Effective rate
11.42%
On assessed value
Assessed land
$124,700
Assessed improvement
$264,330
Land market value
$498,800
Improvement market value
$1,057,320
Total market value
$1,556,120
Applied tax rate
643.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2002
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
2
Total area
4,203 SF
Lot
0.72 ac (31,176 SF)
Zoning code
SD-CR
APN
HP91570000 0012
UPID
US33-0576411
Jurisdiction
JOHNSON
Zoning & alternative use
SD-CR · Leawood, KSZoning SD-CR · permitted uses
SD-CR · Leawood, KS
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district shall be to provide for general retail business uses within the City. This district is designed to serve the motoring public or uses involving vehicular traffic and requiring areas bounded by a major street system for their most beneficial operation and which generally are larger in area and more intense in their operation than other retail districts
Zone name
Planned General Retail
General category
COMMERCIAL
Zone area
361.56 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$535,000
OFFICE 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
2002
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
1
Units
2
Lot
0.72 ac
Current owner
From public records · entity-resolved
ZIPZ POINTE, LLC
Entity
Mailing address
PO BOX 25006, OVERLAND PARK, KS 66225-5006
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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