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Property profile & analytics
OFF-MARKET
Retail space
10205 18th S St Independence, MO 64052-1913
Individually Owned
3-yr Hold
Free & Clear
Property ID
US48-0610651
Property summary
AI-generated overview
This exceptional Independence, MO property offers 7,222 sq ft of commercial space, perfect for retail, office, or a boutique, plus an adjoining residential dwelling with bedrooms, two half baths, a living area, and kitchen. Built in 1935, this single-story building sits on a 13,070 sq ft lot in the 64052 zip code. Ample parking is available. The property presents a unique live-work opportunity, allowing for owner-operator convenience or supplemental rental income from leasing the commercial space and/or residence separately. This is an ideal investment for entrepreneurs or those seeking a profitable blend of commercial and residential uses. The asking price is $275,000. This property offers limitless possibilities for business owners and investors alike.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1935
Construction
WOOD
Total area
1,221 SF
Lot
0.3 ac (13,068 SF)
APN
27-620-06-10
UPID
US48-0610651
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
by Request
Owner & transaction history
Chris Pratt · 3 yrs held
Chris Pratt
since 2022
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Independence submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Independence 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
—
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 2024Property tax & assessments
Tax year 2024
Tax billed
$4,598
Tax year 2024
Assessed value
$54,784
Assessed 2024
Previous assessed
$54,784
+0.0% YoY
Effective rate
8.39%
On assessed value
Assessed land
$8,832
Assessed improvement
$45,952
Total market value
$171,200
Applied tax rate
129.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1935
Construction
WOOD
Heating
YES
Cooling
YES
Buildings
3
Stories
1
Total area
1,221 SF
Lot
0.3 ac (13,068 SF)
APN
27-620-06-10
UPID
US48-0610651
Jurisdiction
JACKSON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1935
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Lot
0.3 ac
Current owner
From public records · entity-resolved
Chris Pratt
Individual
Free & Clear · 3 yrs held
Mailing address
10205 E 18TH ST S, INDEPENDENCE, MO 64052-1913
Mailing matches property
Yes
Owner-occupied
Yes
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 29, 2022
—
Chris Pratt
Carol A Courtney
Deed
—
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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