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Property profile & analytics
FOR SALE
Automotive properties
8700 Bourgade St Lenexa, KS 66219
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US33-0430849
For Sale
1 / 15
Contact for pricing
8700 Bourgade St, Lenexa, KS 66219
View Listing →
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1988
Construction
WOOD
Total area
13,607 SF
Lot
1.62 ac (70,567 SF)
Zoning code
NPO
APN
IF241232-3010
UPID
US33-0430849
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
$715k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.09M
Blend (final)
Blend
$905k
Owner & transaction history
Jbj Properties LLC · 1 yrs held
Jbj Properties LLC
since 2024
4 recorded transactions
Zoning & alternative use
NPO · Lenexa, KS
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
development guide
Top alternative use upside
Retail stores
$1.1M
+7.0%
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 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
$715,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,035,000
Current use
RETAIL STORES
$1,105,000
Change: +7% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$915,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$905k
Range $815k – $996k · ±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
$67 / 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
$58,653
Tax year 2023
Assessed value
$509,751
Assessed 2023
Previous assessed
$463,051
+10.1% YoY
Effective rate
11.51%
On assessed value
Assessed land
$210,573
Assessed improvement
$299,178
Land market value
$842,290
Improvement market value
$1,196,710
Total market value
$2,039,000
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
For Sale
Year built
1988
Construction
WOOD
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
13,607 SF
Lot
1.62 ac (70,567 SF)
Zoning code
NPO
APN
IF241232-3010
UPID
US33-0430849
Jurisdiction
JOHNSON
Zoning & alternative use
NPO · Lenexa, KSZoning NPO · permitted uses
NPO · 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
AUTO REPAIR, GARAGE Current
Est. value
$1.0M
RETAIL STORES
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$915,000
AUTO REPAIR, GARAGE Current
RETAIL STORES
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
1988
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
1.62 ac
Current owner
From public records · entity-resolved
Jbj Properties LLC
Entity
Mailing address
6810 SILVERHEEL ST, SHAWNEE, KS 66226-5300
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 29, 2024
—
Jbj Properties LLC
—
Deed
related
$400,000 · Crossfirst Bank
Apr 4, 2024
—
Jbj Properties LLC
—
Deed
related
$300,000 · Crossfirst Bank
Jan 4, 2022
—
Jbj Properties LLC
—
Deed
related
$411,250 · Union Bank & Trust Co
Nov 9, 2021
—
Jbj Properties LLC
—
Deed
related
$1,488,750 · Union Bank & Trust Co
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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