Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    12628 E 48Th St Independence, MO 64055

    Sponsored
    For Sale
    Under Contract
    $224,900

    DUPLEX - Other - Independence, MO

    Type:Townhouse
    Property size:
    1,636 SF
    Lot size:
    0.05 Acres
    Days on Market:
    3
    Last Refresh:
    Feb 22 at 10:06 pm

    Property Features for 12628 E 48Th St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Townhouse
    Standard status
    Active Under Contract
    Rooms
    Bathroom 1, Bedroom 1, Dining Room, Bathroom 2, Bedroom 3, Bedroom 2
    Bedrooms
    3
    Bathrooms
    2
    APN
    33-440-21-20-00-0-02-001
    Parking features
    Garage
    Patio and Porch features
    Deck
    Interior features
    Ceiling Fan(s), Vaulted Ceiling(s), Walk-In Closet(s)
    Fireplace
    1
    Appliances
    Dishwasher, Disposal, Microwave, Electric Range
    Size
    1,636 SF
    Lot size
    0.05 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Cooling system
    Electric
    Water source
    Public

    Building Details

    Year built
    2008
    Flooring type
    Carpet, Vinyl
    Building materials
    Frame, Vinyl Siding
    Roof type
    Composition
    Architectural style
    Other

    We can help!

    Listing Contact
    Peter Hyde

    Key Partners LLC (913) 825-7500

    Listing agent Peter Hyde (913) 825-7500

    Listing date Feb 20, 2026

    MLS# 2595309 Listing URL

    Copyright © 2026 Heartland Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Independence Duplex with Modern Updates

    This duplex in Independence, Missouri, features new painting, lighting, luxury vinyl plank flooring, and carpet. The 1,636 square-foot property includes a fireplace, vaulted ceilings, tiled entry, and tiled bathrooms. Ceiling fans and an open floor plan enhance the living space, which benefits from abundant natural light. A covered deck overlooks a walking trail and green space. Situated on a 0.05-acre lot, this property offers a private first-floor ranch layout. The seller is offering a $5,000 credit towards new kitchen and bathroom countertops and backsplash.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Independence
    County
    Jackson
    State
    Missouri
    Longitude
    -94.429111
    Latitude
    39.034775

    Nearby Similar for Sale

    • $850,000
      4,000 SF

      Turn-Key Daycare Opportunity

      Licensed childcare space with multiple classrooms and kitchen facilities.
      2901 M 291 Frontage Rd, Independence, MO 64057
      View Details
    • $365,000
      0.28 Acres

      Independence Commercial Building For Sale

      3,456 SF commercial building on high-traffic corner lot.
      13717 E 39Th St, Independence, MO 64055
      View Details
    • $275,000
      0.10 Acres

      Remodeled Commercial Property on Truman Road

      High-traffic location, remodeled interior, and flexible layout for various businesses.
      11303 E Truman Rd, Independence, MO 64050
      View Details
    • $1,300,000
      0.30 Acres

      Downtown Independence Commercial Building For Sale

      Well-maintained commercial building in Downtown Independence, suitable for various uses.
      120 S Liberty St, Independence, MO 64050
      View Details
    • $300,000
      1,605 SF

      Well-Maintained Ranch Home Duplex

      Updated duplex near shopping and hospital in Independence, Missouri.
      3609 S Bolger Ct, Independence, MO 64055
      View Details
    • $250,000
      0.20 Acres

      Remodeled Commercial Space on High-Traffic

      Remodeled commercial space with high visibility and limitless business options.
      307 E 23Rd St, Independence, MO 64055
      View Details
    • $268,000
      Pending

      Updated Duplex with Income Potential

      Updated duplex generating $30k annual gross rents in Independence, MO.
      409 N Gilbert St, Independence, MO 64056
      View Details
    • $1,900,000
      0.60 Acres

      Multifamily Property in Independence, Missouri

      Two-building multifamily property with renovated units and convenient highway access.
      9930 E 36Th St S, Independence, MO 64052
      View Details
    • New
      $265,000
      0.29 Acres

      Independence Duplex Investment Opportunity

      Side-by-side duplex in Independence, MO with income potential.
      1611 S Claremont St, Independence, MO 64052
      View Details
    • $510,000
      Pending

      Spacious Fourplex with Garage

      Comfortable 2-bedroom units in a strong rental area.
      18901-07 E Lexington Rd, Independence, MO 64058
      View Details
    • $119,000
      0.13 Acres

      Reformed Office Space in Independence

      Charming office space in a reformed residential home.
      911 E 23Rd St, Independence, MO 64055
      View Details
    • $183,000
      1,070 SF

      Independence Duplex with Fenced Yard

      Well-maintained duplex in Independence, MO, featuring a fenced outdoor area.
      18342 E Us Highway 24 Cir, Independence, MO 64056
      View Details

    FAQs

    What type of property is this?
    Single family property - Updated duplex with open floor plan, ideal for entertaining.
    Where is this single family property located?
    The property is located at 12628 E 48Th St Independence, MO.
    What is the asking price?
    The asking price for this property is $224,900.
    What are key features of this property?
    This property features: - Rare private first-floor ranch backing to walking trail and green space.; - $5000 seller credit towards new kitchen and bathroom countertops and backsplash.; - Completely renovated with new painting, lighting, luxury vinyl plank flooring, and carpet.
    (913) 963-1549
    Request Owner's contact information
    12628 E 48Th St Independence, MO 64055
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    12628 E 48Th St
    Independence, MO 64055
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    12628 E 48Th St Independence, MO 64055
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Peter Hyde
    Real Estate License ID: SP00045589
    (913) 963-1549 (913) 825-7500
    Learn more
    Google sign-in failed. Please try again or use another login method.