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Property profile & analytics
OFF-MARKET
Estimated value
$6,880,000
Garden apartment buildings
9515 Monrovia St Lenexa, KS 66215-1568
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US33-0428020
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1967
Construction
FRAME
Total area
304,312 SF
Lot
32.2 ac (1,402,632 SF)
Zoning code
RP4
APN
IF241303-3001
UPID
US33-0428020
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
by Request
Blend (final)
Blend
$6.88M
Owner & transaction history
Wilder Apartments Bh LLC · 3 yrs held
Wilder Apartments Bh LLC
since 2022
7 recorded transactions
Zoning & alternative use
RP4 · Lenexa, KS
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$23 / 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
$895,384
Tax year 2023
Assessed value
$7,721,840
Assessed 2023
Previous assessed
$6,477,014
+19.2% YoY
Effective rate
11.60%
On assessed value
Assessed land
$634,371
Assessed improvement
$7,087,469
Land market value
$5,406,210
Improvement market value
$61,170,790
Total market value
$66,577,000
Applied tax rate
828.0000
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
1967
Construction
FRAME
Heating
NONE
Cooling
AC.PACKAGE
Buildings
6
Stories
2
Units
32
Bathrooms
10
Total area
304,312 SF
Lot
32.2 ac (1,402,632 SF)
Zoning code
RP4
APN
IF241303-3001
UPID
US33-0428020
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
Building & site characteristics
From public records
Year built
1967
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
2
Buildings
6
Units
32
Bathrooms
10
Lot
32.2 ac
Current owner
From public records · entity-resolved
Wilder Apartments Bh LLC
Entity
Mailing address
911 E COUNTY LINE RD STE #203, LAKEWOOD, NJ 08701-2069
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 28, 2022
—
Wilder Apartments Bh LLC
Tfo Rev A Sb Oak Park LLC
Special Warranty Deed
$47,331 · Capital One Bank NA
Jun 14, 2006
—
Rre Bentley Place Holdoc I LLC
Rre Bentley Place Holdings LLC
Correction Deed
related
—
Jan 24, 2006
—
Rre Bentley Place Holdco I LLC
Rre Bentley Place Tic LLC
Special Warranty Deed
—
Nov 30, 2005
—
Bentley Place Tic Xx LLC
Rre Bentley Place Tice LLC
Special Warranty Deed
—
Nov 3, 2005
—
Bentley Place Tic Viii LLC
Rre Bentley Place Tic LLC
Special Warranty Deed
—
Oct 19, 2005
—
Bentley Place Tic III LLC
Rre Bentley Place Tic LLC
Special Warranty Deed
—
Jul 18, 2005
—
Rre Bentley Place Holdco 1 LLC
Rre Bentley Place Holdings 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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