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Property profile & analytics
OFF-MARKET
Estimated value
$1,695,000
Automotive properties
7301 Frontage Rd Merriam, KS 66204-1654
Entity Owned
20-yr Hold
Free & Clear
Property ID
US33-0217870
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1972
Construction
FRAME
Total area
23,596 SF
Lot
1.4 ac (60,807 SF)
Zoning code
PUD-G
APN
JL70500000 0009A
UPID
US33-0217870
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
by Request
Comparable Approach
Comparable
$1.70M
Blend (final)
Blend
$1.70M
Owner & transaction history
Shawnee Mission Investors LLC · 20 yrs held
Shawnee Mission Investors LLC
since 2005
1 recorded transaction
Zoning & alternative use
PUD-G · Merriam, KS
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of this zone is to accommodate Planned Unit Development General
Zone name
Planned Unit Development General
General category
PLANNED_DEVELOPMENT
Zone area
512.70 ac
Source
Realmo
Top alternative use upside
Office building
$2.8M
+64.8%
Retail stores
$2.5M
+47.8%
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 Merriam submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Merriam 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,695,000
Current use
OFFICE BUILDING
$2,795,000
Change: +65% · Conversion: Difficult
RETAIL STORES
$2,505,000
Change: +48% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,530,000
Change: -10% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$1,390,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$1.70M
Range $1.53M – $1.86M · ±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
$72 / 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
Improvement market value
$2,698,000
Total market value
$2,698,000
Applied tax rate
609.0000
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1972
Construction
FRAME
Heating
ELECTRIC
Cooling
REFRIGERATOR
Stories
2
Units
1
Total area
23,596 SF
Lot
1.4 ac (60,807 SF)
Zoning code
PUD-G
APN
JL70500000 0009A
UPID
US33-0217870
Jurisdiction
JOHNSON
Zoning & alternative use
PUD-G · Merriam, KSZoning PUD-G · permitted uses
PUD-G · Merriam, KS
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of this zone is to accommodate Planned Unit Development General
Zone name
Planned Unit Development General
General category
PLANNED_DEVELOPMENT
Zone area
512.70 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$1.7M
OFFICE BUILDING
Est. value
$2.8M
RETAIL STORES
Est. value
$2.5M
COMMERCIAL (GENERAL)
Est. value
$1.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.4M
AUTO REPAIR, GARAGE Current
OFFICE BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
1972
Construction
FRAME
Heating
ELECTRIC
Cooling
Yes
Stories
2
Units
1
Lot
1.4 ac
Current owner
From public records · entity-resolved
Shawnee Mission Investors LLC
Entity
Free & Clear · 20 yrs held
Mailing address
9100 W 74TH ST, MERRIAM, KS 66204-4004
Ownership since
2005
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
Oct 28, 2005
—
Shawnee Mission Investors LLC
Midwest Management Services INC
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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