Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$12,435,000
Office Spaces
7620 State Line Rd Prairie Village, KS 66208-3705
Entity Owned
19-yr Hold
Free & Clear
Property ID
US33-0802419
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1993
Construction
FRAME
Total area
95,506 SF
Lot
8.3 ac (361,548 SF)
Zoning code
C-2
APN
OP71200000 0001
UPID
US33-0802419
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
$14.43M
Blend (final)
Blend
$12.44M
Owner & transaction history
State Line Opco LLC · 19 yrs held
State Line Opco LLC
since 2006
1 recorded transaction
Zoning & alternative use
C-2 · Prairie Village, KS
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ject to general zoning district development and design standards. O = use requires Special Use Permit and discretionary review by Planning Commission and City Council per Section 19.32 Uses R-1A R-1B R-2 R-3 R-4 C-O C-1 C-2 C-3 MXD Residential Uses No specific uses permitted. C-3 is a planned commercial district and uses shall be specified based on a develop…
Zone name
General Business
General category
COMMERCIAL
Zone area
80.12 ac
Source
Code of Ordinances
Top alternative use upside
Restaurant
$16.6M
+28.0%
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 Prairie Village submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Prairie Village 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
OFFICE BUILDING
$12,955,000
Current use
RESTAURANT
$16,575,000
Change: +28% · Conversion: Moderate
Blend value · Realmo final
$12.44M
Range $11.19M – $13.68M · ±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
$130 / 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
$436,372
Tax year 2023
Assessed value
$3,861,045
Assessed 2023
Previous assessed
$3,861,045
+0.0% YoY
Effective rate
11.30%
On assessed value
Assessed land
$542,390
Assessed improvement
$3,318,655
Land market value
$2,169,560
Improvement market value
$13,274,620
Total market value
$15,444,180
Applied tax rate
654.0000
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
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1993
Construction
FRAME
Heating
NONE
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Units
1
Total area
95,506 SF
Lot
8.3 ac (361,548 SF)
Zoning code
C-2
APN
OP71200000 0001
UPID
US33-0802419
Jurisdiction
JOHNSON
Zoning & alternative use
C-2 · Prairie Village, KSZoning C-2 · permitted uses
C-2 · Prairie Village, KS
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ject to general zoning district development and design standards. O = use requires Special Use Permit and discretionary review by Planning Commission and City Council per Section 19.32 Uses R-1A R-1B R-2 R-3 R-4 C-O C-1 C-2 C-3 MXD Residential Uses No specific uses permitted. C-3 is a planned commercial district and uses shall be specified based on a development plan, however should be based on combinations of the permitted uses in the C-O
Zone name
General Business
General category
COMMERCIAL
Zone area
80.12 ac
Source
Code of Ordinances
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$13.0M
RESTAURANT
Est. value
$16.6M
OFFICE BUILDING Current
RESTAURANT
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
1993
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
8.3 ac
Current owner
From public records · entity-resolved
State Line Opco LLC
Entity
Free & Clear · 19 yrs held
Mailing address
10877 WILSHIRE BLVD STE #1105, LOS ANGELES, CA 90024-4368
Ownership since
2006
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 6, 2006
—
State Line Opco LLC
Sm Properties 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.
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 7620 State Line Rd?
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.
