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Property profile & analytics
OFF-MARKET
Estimated value
$1,080,000
Automotive properties
4940 137th St Leawood, KS 66224-5940
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US33-0251567
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
2016
Construction
FRAME
Total area
16,924 SF
Lot
1.81 ac (78,844 SF)
Zoning code
SD-O
APN
HP91570000 0001
UPID
US33-0251567
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$765k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.39M
Blend (final)
Blend
$1.08M
Owner & transaction history
Bp Development LLC · 21 yrs held
Bp Development LLC
since 2005
3 recorded transactions
Zoning & alternative use
SD-O · Leawood, KS
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district shall contain buildings of high architectural quality, be located in a setting of uncrowded space containing substantial trees, shrubs, lawn areas, and other suitable landscaping in order to sustain property values, business viability, and safety and general welfare of the community
Zone name
Planned Office
General category
COMMERCIAL
Zone area
357.27 ac
Source
Realmo
Top alternative use upside
Apartment house (5+ units)
$1.6M
+45.0%
Retail stores
$1.1M
+1.8%
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
$765,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,110,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,610,000
Change: +45% · Conversion: Difficult
RETAIL STORES
$1,130,000
Change: +2% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,065,000
Change: -4% · Conversion: Difficult
WAREHOUSE, STORAGE
$965,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$1.08M
Range $972k – $1.19M · ±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
$64 / 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
$98,504
Tax year 2023
Assessed value
$862,501
Assessed 2023
Previous assessed
$832,251
+3.6% YoY
Effective rate
11.42%
On assessed value
Assessed land
$146,518
Assessed improvement
$715,983
Land market value
$586,070
Improvement market value
$2,863,930
Total market value
$3,450,000
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
2016
Construction
FRAME
Heating
NONE
Cooling
AC.PACKAGE
Stories
1
Total area
16,924 SF
Lot
1.81 ac (78,844 SF)
Zoning code
SD-O
APN
HP91570000 0001
UPID
US33-0251567
Jurisdiction
JOHNSON
Zoning & alternative use
SD-O · Leawood, KSZoning SD-O · permitted uses
SD-O · 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 contain buildings of high architectural quality, be located in a setting of uncrowded space containing substantial trees, shrubs, lawn areas, and other suitable landscaping in order to sustain property values, business viability, and safety and general welfare of the community
Zone name
Planned Office
General category
COMMERCIAL
Zone area
357.27 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.6M
RETAIL STORES
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$965,000
AUTO REPAIR, GARAGE Current
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
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
2016
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.81 ac
Current owner
From public records · entity-resolved
Bp Development LLC
Entity
Mailing address
8300 E STEEPLECHASE ST, WICHITA, KS 67206-4423
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 19, 2018
—
Partners LLC
—
Deed
related
$1,200,000 · Central Bank Of The Ozarks
Nov 14, 2016
—
Webb Road Partners LLC
—
Deed
related
$4,144,000 · Emprise Bank
May 16, 2005
—
Bp Development LLC
The Sailors Company LLC
Special Warranty Deed
$544,000 · First National Bank Of Kansas
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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