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Property profile & analytics
OFF-MARKET
Estimated value
$625,000
Garden apartment buildings
790 Somerset Ter Olathe, KS 66062-5516
Entity Owned
17-yr Hold
Free & Clear
Property ID
US33-0619859
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1999
Construction
FRAME
Total area
13,554 SF
Lot
6.23 ac (271,379 SF)
Zoning code
RP4
APN
DP55420000 0001
UPID
US33-0619859
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
$535k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$718k
Blend (final)
Blend
$625k
Owner & transaction history
Dmp Somerset Oaks LLC · 17 yrs held
Dmp Somerset Oaks LLC
since 2008
1 recorded transaction
Zoning & alternative use
RP4 · Olathe, KS
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$930,000
+86.0%
Commercial (general)
$910,000
+82.2%
Auto repair, garage
$900,000
+79.5%
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 Olathe submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Olathe 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
$535,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$500,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$930,000
Change: +86% · Conversion: Difficult
COMMERCIAL (GENERAL)
$910,000
Change: +82% · Conversion: Moderate
AUTO REPAIR, GARAGE
$900,000
Change: +79% · Conversion: Difficult
RETAIL STORES
$795,000
Change: +59% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$610,000
Change: +22% · Conversion: Difficult
Blend value · Realmo final
$625k
Range $563k – $688k · ±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
$178,840
Tax year 2023
Assessed value
$1,529,155
Assessed 2023
Previous assessed
$1,445,550
+5.8% YoY
Effective rate
11.70%
On assessed value
Assessed land
$187,226
Assessed improvement
$1,341,929
Land market value
$1,628,050
Improvement market value
$11,668,950
Total market value
$13,297,000
Applied tax rate
612.0000
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1999
Construction
FRAME
Heating
NONE
Cooling
AC.PACKAGE
Buildings
5
Stories
3
Units
20
Bathrooms
8
Total area
13,554 SF
Lot
6.23 ac (271,379 SF)
Zoning code
RP4
APN
DP55420000 0001
UPID
US33-0619859
Jurisdiction
JOHNSON
Zoning & alternative use
RP4 · Olathe, KS
Zoning RP4 · permitted uses
RP4 · Olathe, KS
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Olathe. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$500,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$930,000
COMMERCIAL (GENERAL)
Est. value
$910,000
AUTO REPAIR, GARAGE
Est. value
$900,000
RETAIL STORES
Est. value
$795,000
INDUSTRIAL (GENERAL)
Est. value
$610,000
APARTMENT HOUSE (5+ UNITS) Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
INDUSTRIAL (GENERAL)
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
1999
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
3
Buildings
5
Units
20
Bathrooms
8
Lot
6.23 ac
Current owner
From public records · entity-resolved
Dmp Somerset Oaks LLC
Entity
Free & Clear · 17 yrs held
Mailing address
12721 METCALF AVE STE #200, OVERLAND PARK, KS 66213-2619
Ownership since
2008
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
Sep 11, 2008
—
Dmp Somerset Oaks LLC
Somerset Oaks L L C
Intrafamily Transfer
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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