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Property profile & analytics
OFF-MARKET
Estimated value
$2,045,000
Warehouses
7500 161st St Overland Park, KS 66085-9387
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US33-0699139
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2001
Construction
CONCRETE
Total area
14,500 SF
Lot
1.24 ac (54,014 SF)
Zoning code
PEC-3J
APN
NP04230001 0006B
UPID
US33-0699139
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
$1.92M
Comparable Approach
Comparable
$2.18M
Blend (final)
Blend
$2.05M
Owner & transaction history
22220 Midland Drive LLC · 4 yrs held
22220 Midland Drive LLC
since 2021
2 recorded transactions
Zoning & alternative use
PEC-3J · Overland Park, KS
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
It is the purpose of this District to provide for research and development activities with or without light fabrication and assembly operations, limited industrial or manufacturing activities, and wholesale trade or warehousing which may include associated administrative office uses within a planned employment center environment and generally arranged in a b…
Zone name
Planned Research Development And Light Industrial Johnson County
General category
INDUSTRIAL
Zone area
18.22 ac
Source
Realmo
Top alternative use upside
Restaurant
$2.5M
+58.6%
Office building
$1.8M
+16.4%
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%
$2,075,000
6.5%
$1,915,000
7%
$1,780,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,585,000
Current use
RESTAURANT
$2,515,000
Change: +59% · Conversion: Difficult
OFFICE BUILDING
$1,845,000
Change: +16% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,380,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$2.05M
Range $1.84M – $2.25M · ±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
$141 / 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
$41,187
Tax year 2023
Assessed value
$385,000
Assessed 2023
Previous assessed
$385,000
+0.0% YoY
Effective rate
10.70%
On assessed value
Assessed land
$40,775
Assessed improvement
$344,225
Land market value
$163,100
Improvement market value
$1,376,900
Total market value
$1,540,000
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
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2001
Construction
CONCRETE
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
14,500 SF
Lot
1.24 ac (54,014 SF)
Zoning code
PEC-3J
APN
NP04230001 0006B
UPID
US33-0699139
Jurisdiction
JOHNSON
Zoning & alternative use
PEC-3J · Overland Park, KSZoning PEC-3J · permitted uses
PEC-3J · Overland Park, KS
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
It is the purpose of this District to provide for research and development activities with or without light fabrication and assembly operations, limited industrial or manufacturing activities, and wholesale trade or warehousing which may include associated administrative office uses within a planned employment center environment and generally arranged in a business park, office park, industrial park, campus style setting
Zone name
Planned Research Development And Light Industrial Johnson County
General category
INDUSTRIAL
Zone area
18.22 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.6M
RESTAURANT
Est. value
$2.5M
OFFICE BUILDING
Est. value
$1.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.4M
WAREHOUSE, STORAGE Current
RESTAURANT
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
CONCRETE
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
1.24 ac
Current owner
From public records · entity-resolved
22220 Midland Drive LLC
Entity
Mailing address
6756 BLUE RDG LN, LINCOLN, NE 68516-5466
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
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 18, 2021
—
22220 Midland Drive LLC
Sjd INC
Warranty Deed
$1,148,208 · Nebraska Bank Of Commerce
Feb 15, 2013
—
Sjd INC
7500 W LLC
Warranty Deed
$940,000 · Country Club 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.
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