Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$20,320,000
Office Spaces
6321 119th St Overland Park, KS 66209
Entity Owned
Absentee Owner
Free & Clear
Property ID
US33-0348254
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1999
Construction
CONCRETE BLOCKS
Total area
101,527 SF
Lot
8.56 ac (372,874 SF)
Zoning code
CP-1
APN
NP85380000 0004
UPID
US33-0348254
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
by Request
CAP Approach
CAP
$21.13M
Comparable Approach
Comparable
$19.52M
Blend (final)
Blend
$20.32M
Owner & transaction history
HRA FOUNTAINS,
HRA FOUNTAINS,
Zoning & alternative use
CP-1 · Overland Park, KS
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
18.250.010 Statement of Intent 18.250.020 Permitted Uses 18.250.030 Height and Area Regulations 18.250.040 Parking Regulations 18.250.050 Development and Performance Standards 18.260 C-1 Restricted Business District and CP-1 Planned Restricted Business District 18.260.010 Statement of Intent 18.260.020 Permitted Uses 18.260.030 Height and Area Regulations 18…
Zone name
Planned Restricted Business
General category
COMMERCIAL
Zone area
228.12 ac
Source
doc view
Top alternative use upside
Restaurant
$17.6M
+36.2%
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%
$22,885,000
6.5%
$21,125,000
7%
$19,615,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$12,925,000
Current use
RESTAURANT
$17,605,000
Change: +36% · Conversion: Moderate
Blend value · Realmo final
$20.32M
Range $18.29M – $22.35M · ±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
$200 / 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
$567,372
Tax year 2023
Assessed value
$5,344,500
Assessed 2023
Previous assessed
$5,149,750
+3.8% YoY
Effective rate
10.62%
On assessed value
Assessed land
$651,815
Assessed improvement
$4,692,685
Land market value
$2,607,260
Improvement market value
$18,770,740
Total market value
$21,378,000
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1999
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
101,527 SF
Lot
8.56 ac (372,874 SF)
Zoning code
CP-1
APN
NP85380000 0004
UPID
US33-0348254
Jurisdiction
JOHNSON
Zoning & alternative use
CP-1 · Overland Park, KSZoning CP-1 · permitted uses
CP-1 · Overland Park, KS
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
18.250.010 Statement of Intent 18.250.020 Permitted Uses 18.250.030 Height and Area Regulations 18.250.040 Parking Regulations 18.250.050 Development and Performance Standards 18.260 C-1 Restricted Business District and CP-1 Planned Restricted Business District 18.260.010 Statement of Intent 18.260.020 Permitted Uses 18.260.030 Height and Area Regulations 18.260.040 Parking Regulations 18.260.050 Development and Performance Standards 18.270
Zone name
Planned Restricted Business
General category
COMMERCIAL
Zone area
228.12 ac
Source
doc view
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$12.9M
RESTAURANT
Est. value
$17.6M
OFFICE BUILDING Current
RESTAURANT
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
1999
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
8.56 ac
Current owner
From public records · entity-resolved
HRA FOUNTAINS,
Individual
Free & Clear · 0 yrs held
Mailing address
38500 WOODWARD AVE STE #200, BLOOMFIELD HILLS, MI 48304-5049
Mailing matches property
Different — outreach signal
Owner-occupied
No
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.
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 6321 119th St?
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.
