Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Office Spaces
5350 94th Ter Prairie Village, KS 66207-2504
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US33-0012147
Property summary
AI-generated overview
This exceptional two-suite office building, totaling 10,500 square feet, presents a rare opportunity in Johnson County. Built in 1985, this Class B property offers convenient walkout access to each of its two floors, eliminating the need for elevators or stairs. Suites range from 1,545 to 1,690 contiguous square feet, with a minimum divisible space of 1,545 square feet. The building boasts attractive features including prominent signage opportunities, covered parking with a 5:1000 ratio, and individually controlled HVAC systems for optimal climate control. On-site management ensures seamless operations. Its strategic location offers unparalleled convenience, situated adjacent to a vibrant mix of retailers, restaurants, and the new Meadowbrook Park, providing employees with a wealth of amenities within easy reach. This property is ideal for businesses seeking a well-maintained, accessible, and conveniently located office space in a thriving Johnson County community. The building is a two-story structure with multiple tenancies.
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1979
Construction
CONCRETE
Total area
11,462 SF
Lot
0.66 ac (28,684 SF)
Zoning code
CP1
APN
OF251233-2020
UPID
US33-0012147
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
$585k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$551k
Blend (final)
Blend
$570k
Owner & transaction history
Byram Enterprises LLC · 14 yrs held
Byram Enterprises LLC
since 2011
2 recorded transactions
Zoning & alternative use
CP1 · Prairie Village, KS
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$765,000
+9.9%
Auto repair, garage
$750,000
+8.0%
Neighborhood: shopping center
$720,000
+3.8%
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 Prairie Village submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Prairie Village 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
$585,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$695,000
Current use
RETAIL STORES
$765,000
Change: +10% · Conversion: Easy
AUTO REPAIR, GARAGE
$750,000
Change: +8% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$720,000
Change: +4% · Conversion: Difficult
WAREHOUSE, STORAGE
$655,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$570k
Range $513k – $627k · ±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
$50 / 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
$27,191
Tax year 2023
Assessed value
$232,750
Assessed 2023
Previous assessed
$220,500
+5.6% YoY
Effective rate
11.68%
On assessed value
Assessed land
$48,550
Assessed improvement
$184,200
Land market value
$194,200
Improvement market value
$736,800
Total market value
$931,000
Applied tax rate
896.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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 Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1979
Construction
CONCRETE
Heating
YES
Cooling
AC.PACKAGE
Stories
2
Units
1
Total area
11,462 SF
Lot
0.66 ac (28,684 SF)
Zoning code
CP1
APN
OF251233-2020
UPID
US33-0012147
Jurisdiction
JOHNSON
Zoning & alternative use
CP1 · Prairie Village, KS
Zoning CP1 · permitted uses
CP1 · Prairie Village, KS
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Prairie Village. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$695,000
RETAIL STORES
Est. value
$765,000
AUTO REPAIR, GARAGE
Est. value
$750,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$720,000
WAREHOUSE, STORAGE
Est. value
$655,000
COMMERCIAL (GENERAL) Current
RETAIL STORES
AUTO REPAIR, GARAGE
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
1979
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
2
Units
1
Lot
0.66 ac
Current owner
From public records · entity-resolved
Byram Enterprises LLC
Entity
Mailing address
5350 W 94TH TER, PRAIRIE VILLAGE, KS 66207-2504
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 28, 2011
—
Byram Enterprises LLC
Rosewood Development Company II
Special Warranty Deed
—
May 26, 2006
—
Byram Enterprises LLC
Rosewood Development Co II
Warranty Deed
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 5350 94th Ter?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
