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Property profile & analytics
OFF-MARKET
Estimated value
$865,000
Retail space
8450 151st St Overland Park, KS 66223-2108
Entity Owned
19-yr Hold
Free & Clear
Property ID
US33-0251717
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1998
Construction
CONCRETE BLOCKS
Total area
13,833 SF
Lot
1.56 ac (67,954 SF)
Zoning code
CP-2J
APN
NP86620000 0006
UPID
US33-0251717
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
Current use
Occupant on record · Public records
-
Walgreens Photo (Bike/Boat/Book/etc) Store
-
LibertyX Bitcoin ATM Atm
-
Walgreens Pharmacy Pharmacy
-
Schmidt Dale Physician
-
UMB BANK ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$815k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$914k
Blend (final)
Blend
$865k
Owner & transaction history
Cornerstone II LLC · 19 yrs held
Cornerstone II LLC
since 2006
1 recorded transaction
Zoning & alternative use
CP-2J · Overland Park, KS
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.3M
+77.5%
Auto repair, garage
$1.0M
+35.7%
Neighborhood: shopping center
$945,000
+27.6%
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
$815,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$740,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,315,000
Change: +78% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,005,000
Change: +36% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$945,000
Change: +28% · Conversion: Moderate
COMMERCIAL (GENERAL)
$800,000
Change: +8% · Conversion: Easy
WAREHOUSE, STORAGE
$685,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$865k
Range $779k – $952k · ±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
$63 / 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
$74,240
Tax year 2023
Assessed value
$697,000
Assessed 2023
Previous assessed
$658,501
+5.8% YoY
Effective rate
10.65%
On assessed value
Assessed land
$323,300
Assessed improvement
$373,700
Land market value
$1,293,200
Improvement market value
$1,494,800
Total market value
$2,788,000
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
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1998
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
13,833 SF
Lot
1.56 ac (67,954 SF)
Zoning code
CP-2J
APN
NP86620000 0006
UPID
US33-0251717
Jurisdiction
JOHNSON
Zoning & alternative use
CP-2J · Overland Park, KS
Zoning CP-2J · permitted uses
CP-2J · Overland Park, KS
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Overland Park. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$740,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$945,000
COMMERCIAL (GENERAL)
Est. value
$800,000
WAREHOUSE, STORAGE
Est. value
$685,000
RETAIL STORES Current
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
1.56 ac
Current owner
From public records · entity-resolved
Cornerstone II LLC
Entity
Free & Clear · 19 yrs held
Mailing address
PO BOX 1159, DEERFIELD, IL 60015-6002
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
Aug 23, 2006
—
Cornerstone II LLC
Cornerstone Leased Drug Stores LLC
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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