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Property profile & analytics
OFF-MARKET
Estimated value
$7,525,000
Garden apartment buildings
8410 Maurer Rd Lenexa, KS 66219-2736
Entity Owned
Absentee Owner
Free & Clear
Property ID
US33-0809299
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1998
Construction
FRAME
Total area
94,112 SF
Lot
27.09 ac (1,180,040 SF)
Zoning code
RP4
APN
IP14800000 0001
UPID
US33-0809299
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
$6.73M
Blend (final)
Blend
$7.53M
Owner & transaction history
CRESCENT APARTMENTS, LLC
CRESCENT APARTMENTS, LLC
Zoning & alternative use
RP4 · Lenexa, KS
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
development guide
Top alternative use upside
Retail stores
$7.7M
+78.1%
Auto repair, garage
$7.2M
+66.4%
Neighborhood: shopping center
$6.3M
+47.3%
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 Lenexa submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lenexa 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
RETAIL STORES
$7,655,000
Change: +78% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,155,000
Change: +66% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$6,335,000
Change: +47% · Conversion: Difficult
Blend value · Realmo final
$7.53M
Range $6.77M – $8.28M · ±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
$80 / 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
$620,488
Tax year 2023
Assessed value
$5,354,170
Assessed 2023
Previous assessed
$5,144,985
+4.1% YoY
Effective rate
11.59%
On assessed value
Assessed land
$813,902
Assessed improvement
$4,540,268
Land market value
$7,077,410
Improvement market value
$39,480,590
Total market value
$46,558,000
Applied tax rate
604.0000
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
1998
Construction
FRAME
Heating
NONE
Cooling
AC.PACKAGE
Buildings
8
Stories
3
Units
18
Bathrooms
10
Total area
94,112 SF
Lot
27.09 ac (1,180,040 SF)
Zoning code
RP4
APN
IP14800000 0001
UPID
US33-0809299
Jurisdiction
JOHNSON
Zoning & alternative use
RP4 · Lenexa, KSZoning RP4 · permitted uses
RP4 · Lenexa, KS
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
development guide
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$7.7M
AUTO REPAIR, GARAGE
Est. value
$7.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.3M
RETAIL STORES
AUTO REPAIR, GARAGE
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
1998
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
3
Buildings
8
Units
18
Bathrooms
10
Lot
27.09 ac
Current owner
From public records · entity-resolved
CRESCENT APARTMENTS, LLC
Entity
Free & Clear · 0 yrs held
Mailing address
12721 METCALF AVE STE #200, OVERLAND PARK, KS 66213-2619
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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