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Property profile & analytics
OFF-MARKET
Estimated value
$715,000
Office buildings
5200 Bob Billings Pkwy Lawrence, KS 66049-5810
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US33-0578738
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2000
Construction
FRAME
Total area
7,303 SF
Lot
0.94 ac (40,946 SF)
APN
068-33-0-30-01-004.05-0
UPID
US33-0578738
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
-
Pace Alliance Inc Factory Production Facility
-
Laura G. Talley, PsyD Physician Medical Clinic
-
John Kirby Insurance Insurance Agency
-
American National Insurance Co Insurance Agency
-
Connors Law LLC Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$575k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$853k
Blend (final)
Blend
$715k
Owner & transaction history
Cmt LLC · 10 yrs held
Cmt LLC
since 2015
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.2M
+71.2%
Commercial (general)
$805,000
+19.6%
Medical building
$775,000
+15.4%
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 Lawrence submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lawrence 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
$670,000
Current use
RESTAURANT
$1,150,000
Change: +71% · Conversion: Moderate
COMMERCIAL (GENERAL)
$805,000
Change: +20% · Conversion: Easy
MEDICAL BUILDING
$775,000
Change: +15% · Conversion: Easy
AUTO REPAIR, GARAGE
$740,000
Change: +10% · Conversion: Difficult
RETAIL STORES
$660,000
Change: -2% · Conversion: Moderate
Blend value · Realmo final
$715k
Range $644k – $787k · ±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
$98 / 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
$36,902
Tax year 2023
Assessed value
$281,425
Assessed 2023
Previous assessed
$281,425
+0.0% YoY
Effective rate
13.11%
On assessed value
Assessed land
$55,540
Assessed improvement
$225,885
Land market value
$222,160
Improvement market value
$903,540
Total market value
$1,125,700
Applied tax rate
41.0000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
2000
Construction
FRAME
Heating
YES
Cooling
AC.PACKAGE
Stories
2
Total area
7,303 SF
Lot
0.94 ac (40,946 SF)
APN
068-33-0-30-01-004.05-0
UPID
US33-0578738
Jurisdiction
DOUGLAS
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
OFFICE BUILDING Current
Est. value
$670,000
RESTAURANT
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$805,000
MEDICAL BUILDING
Est. value
$775,000
AUTO REPAIR, GARAGE
Est. value
$740,000
RETAIL STORES
Est. value
$660,000
OFFICE BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
2000
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
2
Lot
0.94 ac
Current owner
From public records · entity-resolved
Cmt LLC
Entity
Mailing address
708 FOX CHASE CT, LAWRENCE, KS 66049-4748
Ownership since
2015
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
Oct 28, 2015
—
Cmt LLC
Michael D Stultz
Warranty Deed
$704,000 · First State Bank & Trust
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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