Entity Owned Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1974
Construction
CONCRETE
Total area
24,576 SF
Lot
3.39 ac (147,668 SF)
Zoning code
BP-2
APN
IF241304-4032
UPID
US33-0467802
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$985k
CAP Approach
CAP
$1.42M
Comparable Approach
Comparable
$1.92M
Blend (final)
Blend
$985k
Owner & transaction history
since 2018
1 recorded transaction
Zoning & alternative use
BP-2 · Lenexa, KS
Zoning description
ommercial District CP-2 Planned Community Commercial District CP-3 Planned Regional Commercial District CP-4 Planned Service Commercial District HBD Planned Historic Business District BP-1 Planned Business Park District…
General category
INDUSTRIAL
Top alternative use upside
Retail stores
$2.1M
+87.6%
Auto repair, garage
$1.8M
+57.7%
Neighborhood: shopping center
$1.7M
+50.9%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
6 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$985k
Value range
$887k – $1.08M
±10% around blend
Estimated value / SF
$40 / SF
Confidence
Property data
100
Comparable evidence
60
$887k
blend $985k
$1.08M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
24,576 SF
Lot area
3.39 ac
Year built
1974
Stories
1
APN
IF241304-4032
Zoning
BP-2
Assessed value
$847,500
Annual tax
$99,411
3
Income approach: direct capitalization
Partial preview
Income approach indication
$1.42M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$1.54M
@ 6.5% CAP return
$1.42M
@ 7% CAP return
$1.32M
4
Sales comparison
Partial preview
Sales approach indication
$1.92M
Range $701k – $1.92M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$985k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Alternative use screening
Partial preview
Top alternative use
Retail Stores
Gross theoretical uplift
+88%
vs current-use indication
Auto Repair, Garage
Neighborhood: Shopping Center
Commercial (general)
Warehouse, Storage · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
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Overview
Implied cap rate
9.40%
Implied, in-place cap rate for this warehouses
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 9.40%
9.0%
NOI (est.)
$59k *
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$631k
Move the market yield to see immediate price impact.
Value / SF
$26
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
8.90%9.40%9.90%
$53k
$600k
$568k
$539k
$59k
$667k
$631k
$599k
$65k
$733k
$694k
$659k
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$99,411
Tax year 2023
Assessed value
$847,500
Assessed 2023
Previous assessed
$827,750
+2.4% YoY
Effective rate
11.73%
On assessed value
Assessed land
$129,380
Assessed improvement
$718,120
Land market value
$517,520
Improvement market value
$2,872,480
Total market value
$3,390,000
Applied tax rate
604.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1974
Construction
CONCRETE
Heating
SPACE
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Units
1
Total area
24,576 SF
Lot
3.39 ac (147,668 SF)
Zoning code
BP-2
APN
IF241304-4032
UPID
US33-0467802
Jurisdiction
JOHNSON
Zoning & alternative use
BP-2 · Lenexa, KSZoning BP-2 · permitted uses
BP-2 · Lenexa, KS
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
ommercial District CP-2 Planned Community Commercial District CP-3 Planned Regional Commercial District CP-4 Planned Service Commercial District HBD Planned Historic Business District BP-1 Planned Business Park District…
General category
INDUSTRIAL
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1974
Construction
CONCRETE
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
3.39 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
BP-2
INDUSTRIAL
Jurisdiction
Lenexa, KS
Recorded code
BP-2
Official district
BP-2
Official district profile
What the municipal code says about BP-2
Zoning description
ommercial District CP-2 Planned Community Commercial District CP-3 Planned Regional Commercial District CP-4 Planned Service Commercial District HBD Planned Historic Business District BP-1 Planned Business Park District…
General category
INDUSTRIAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for BP-2 in Lenexa, KS.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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