Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$790,000
Office Spaces
6721 121st St Overland Park, KS 66209-2003
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US33-0464641
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2001
Construction
FRAME
Total area
17,008 SF
Lot
1.18 ac (51,401 SF)
Zoning code
CPO
APN
NP13100000 0017
UPID
US33-0464641
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
-
T S Engineering Group LLC Engineer
-
KLRX-FM Radio Station Telecommunications Service
-
Sports Radio Radio Station Telecommunications Service
-
Union Broadcasting Radio Station Telecommunications Service
-
Corporate Restaurant Concepts Association Or Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$665k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$916k
Blend (final)
Blend
$790k
Owner & transaction history
Jtm Company LLC · 1 yrs held
Jtm Company LLC
since 2024
2 recorded transactions
Zoning & alternative use
CPO · Overland Park, KS
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
doc view
Top alternative use upside
Neighborhood: shopping center
$1.2M
+22.0%
Retail stores
$1.1M
+20.3%
Auto repair, garage
$1.1M
+18.3%
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
$665,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$945,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,150,000
Change: +22% · Conversion: Difficult
RETAIL STORES
$1,135,000
Change: +20% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,115,000
Change: +18% · Conversion: Difficult
WAREHOUSE, STORAGE
$970,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$790k
Range $711k – $869k · ±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
$46 / 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
$48,595
Tax year 2023
Assessed value
$533,751
Assessed 2023
Previous assessed
$533,751
+0.0% YoY
Effective rate
9.10%
On assessed value
Assessed land
$115,868
Assessed improvement
$417,883
Land market value
$463,470
Improvement market value
$1,671,530
Total market value
$2,135,000
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
2001
Construction
FRAME
Heating
YES
Cooling
AC.PACKAGE
Stories
2
Units
1
Total area
17,008 SF
Lot
1.18 ac (51,401 SF)
Zoning code
CPO
APN
NP13100000 0017
UPID
US33-0464641
Jurisdiction
JOHNSON
Zoning & alternative use
CPO · Overland Park, KSZoning CPO · permitted uses
CPO · 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
COMMERCIAL (GENERAL) Current
Est. value
$945,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.2M
RETAIL STORES
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$970,000
COMMERCIAL (GENERAL) Current
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
2001
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
2
Units
1
Lot
1.18 ac
Current owner
From public records · entity-resolved
Jtm Company LLC
Entity
Mailing address
4520 MAIN ST STE #1000, KANSAS CITY, MO 64111-7700
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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 26, 2024
—
Jtm Company LLC
—
Deed
related
$350,000 · Arvest Bank
May 19, 2020
—
Jtm Co LLC
—
Deed
related
$1,217,470 · Arvest Bank
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 6721 121st 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.
