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Property profile & analytics
OFF-MARKET
Estimated value
$680,000
Super regional malls
8550 151st St Overland Park, KS 66223-2326
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US33-0566518
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1998
Construction
CONCRETE BLOCKS
Total area
5,345 SF
Lot
1.37 ac (59,677 SF)
Zoning code
CP-2J
APN
NP86620000 0007
UPID
US33-0566518
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
-
Mi Ranchito Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$615k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$680k
Owner & transaction history
Rulber S Restaurant Management INC · 17 yrs held
Rulber S Restaurant Management INC
since 2008
1 recorded transaction
Zoning & alternative use
CP-2J · Overland Park, KS
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district, is intended to provide for all but the harshest commercial uses. Outside storage and display of merchandise is permitted in this district.
Zone name
Planned General Business Johnson County
General category
COMMERCIAL
Zone area
22.40 ac
Source
Realmo
Top alternative use upside
Restaurant
$970,000
+165.2%
Office building
$680,000
+86.2%
Apartment house (5+ units)
$510,000
+39.1%
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
$615,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$970,000
Change: +165% · Conversion: Difficult
OFFICE BUILDING
$680,000
Change: +86% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$510,000
Change: +39% · Conversion: Difficult
Blend value · Realmo final
$680k
Range $612k – $748k · ±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
$127 / 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
$33,046
Tax year 2023
Assessed value
$307,751
Assessed 2023
Previous assessed
$272,750
+12.8% YoY
Effective rate
10.74%
On assessed value
Assessed land
$283,158
Assessed improvement
$24,593
Land market value
$1,132,630
Improvement market value
$98,370
Total market value
$1,231,000
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1998
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
5,345 SF
Lot
1.37 ac (59,677 SF)
Zoning code
CP-2J
APN
NP86620000 0007
UPID
US33-0566518
Jurisdiction
JOHNSON
Zoning & alternative use
CP-2J · Overland Park, KSZoning 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
Zoning description
This district, is intended to provide for all but the harshest commercial uses. Outside storage and display of merchandise is permitted in this district.
Zone name
Planned General Business Johnson County
General category
COMMERCIAL
Zone area
22.40 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$970,000
OFFICE BUILDING
Est. value
$680,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$510,000
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
1998
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
1.37 ac
Current owner
From public records · entity-resolved
Rulber S Restaurant Management INC
Entity
Mailing address
10596 BRADSHAW ST, OVERLAND PARK, KS 66215-2166
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
Nov 4, 2008
—
Rulber S Restaurant Management INC
Resco LLC
Warranty Deed
$800,000 · M & I Marshall & Ilsley 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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