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Property profile & analytics
OFF-MARKET
Estimated value
$20,285,000
Garden apartment buildings
6704 141st St Overland Park, KS 66223-2515
Entity Owned
18-yr Hold
Free & Clear
Property ID
US33-0313960
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2001
Construction
FRAME
Total area
118,400 SF
Lot
30.02 ac (1,307,671 SF)
Zoning code
RP3
APN
NP85530000 0002
UPID
US33-0313960
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
-
Lakes At Lionsgate Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$19.11M
Comparable Approach
Comparable
$21.46M
Blend (final)
Blend
$20.29M
Owner & transaction history
Lions Gate Ns Associates LLC · 18 yrs held
Lions Gate Ns Associates LLC
since 2007
1 recorded transaction
Zoning & alternative use
RP3 · Overland Park, KS
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
doc view
Top alternative use upside
Restaurant
$21.5M
+90.7%
Office building
$15.1M
+33.8%
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 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%
$20,700,000
6.5%
$19,110,000
7%
$17,745,000
Alternative Use
Use
Estimation
RESTAURANT
$21,470,000
Change: +91% · Conversion: Difficult
OFFICE BUILDING
$15,070,000
Change: +34% · Conversion: Moderate
Blend value · Realmo final
$20.29M
Range $18.26M – $22.31M · ±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
$171 / 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
$667,252
Tax year 2023
Assessed value
$6,208,620
Assessed 2023
Previous assessed
$5,618,785
+10.5% YoY
Effective rate
10.75%
On assessed value
Assessed land
$902,428
Assessed improvement
$5,306,192
Land market value
$7,847,200
Improvement market value
$46,140,800
Total market value
$53,988,000
Applied tax rate
666.0000
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
2001
Construction
FRAME
Heating
NONE
Cooling
AC.PACKAGE
Buildings
5
Stories
2
Units
8
Bathrooms
8
Total area
118,400 SF
Lot
30.02 ac (1,307,671 SF)
Zoning code
RP3
APN
NP85530000 0002
UPID
US33-0313960
Jurisdiction
JOHNSON
Zoning & alternative use
RP3 · Overland Park, KSZoning RP3 · permitted uses
RP3 · Overland Park, KS
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
doc view
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$21.5M
OFFICE BUILDING
Est. value
$15.1M
RESTAURANT
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
2001
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
2
Buildings
5
Units
8
Bathrooms
8
Lot
30.02 ac
Current owner
From public records · entity-resolved
Lions Gate Ns Associates LLC
Entity
Free & Clear · 18 yrs held
Mailing address
PO BOX 1030, O FALLON, MO 63366-8730
Ownership since
2007
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
Aug 30, 2007
—
Lions Gate Ns Associates LLC
Lakes Lions Gate Apartments II LP
Special 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.
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