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Property profile & analytics
OFF-MARKET
Estimated value
$690,000
Office Spaces
6710 121st St Overland Park, KS 66209-2002
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US33-0743525
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2005
Construction
FRAME
Total area
12,056 SF
Lot
0.88 ac (38,355 SF)
APN
NP13100000 0012A
UPID
US33-0743525
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
-
The Truth In Lending Show Loan Service
-
Ideal Producers Group Advertising Agency Marketing & Advertising
-
FirsTrust Mortgage now Guaranteed Rate Loan Service Bank
-
Professional Office Suites at Corporate Lakes Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$695k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$687k
Blend (final)
Blend
$690k
Owner & transaction history
Corporate Lakes Property LLC · 9 yrs held
Corporate Lakes Property LLC
since 2017
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.1M
+71.5%
Neighborhood: shopping center
$815,000
+22.0%
Retail stores
$805,000
+20.3%
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
$695,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$670,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,145,000
Change: +71% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$815,000
Change: +22% · Conversion: Difficult
RETAIL STORES
$805,000
Change: +20% · Conversion: Easy
AUTO REPAIR, GARAGE
$790,000
Change: +18% · Conversion: Difficult
WAREHOUSE, STORAGE
$690,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$690k
Range $621k – $759k · ±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
$57 / 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
$42,546
Tax year 2023
Assessed value
$400,251
Assessed 2023
Previous assessed
$383,001
+4.5% YoY
Effective rate
10.63%
On assessed value
Assessed land
$95,888
Assessed improvement
$304,363
Land market value
$383,550
Improvement market value
$1,217,450
Total market value
$1,601,000
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
OFFICE (GENERAL)
Status
Off-Market
Year built
2005
Construction
FRAME
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
12,056 SF
Lot
0.88 ac (38,355 SF)
APN
NP13100000 0012A
UPID
US33-0743525
Jurisdiction
JOHNSON
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
COMMERCIAL (GENERAL) Current
Est. value
$670,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$815,000
RETAIL STORES
Est. value
$805,000
AUTO REPAIR, GARAGE
Est. value
$790,000
WAREHOUSE, STORAGE
Est. value
$690,000
COMMERCIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
AUTO REPAIR, GARAGE
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
2005
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
0.88 ac
Current owner
From public records · entity-resolved
Corporate Lakes Property LLC
Entity
Mailing address
20914 W 68TH TER, SHAWNEE, KS 66218-7811
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 20, 2020
—
Corporate Lakes Property LLC
—
Deed
related
$1,600,000 · Umb Bank NA
Apr 21, 2017
—
Corporate Lakes Property LLC
Ftre LLC
Warranty Deed
$1,500,000 · Community Bank
Dec 30, 2011
—
Ftre LLC
Loveland Estates Kansas LLC
Special Warranty Deed
$1,485,000 · Morrill & Janes Bank & Trust Compan
Oct 19, 2009
$1,670,000
Loveland Properties LLC
Building Investment Group I LLC
Sheriffs Deed
related
—
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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