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Property profile & analytics
OFF-MARKET
Estimated value
$11,425,000
Commercial land
111 Mock Ave Blue Springs, MO 64014-2503
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US48-0613927
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1985
Total area
85,494 SF
Lot
6.64 ac (289,238 SF)
APN
36-440-05-03-01-2
UPID
US48-0613927
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
Current use
Occupant on record · Public records
-
Ignite Medical Resort St. Mary's Assisted Living Facility Nursing Home
-
Laura Jones Physician
-
Megan Buckley Physician
-
Allyson Gerber Physician
-
Nancy J. Watt, PTA Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$13.02M
Comparable Approach
Comparable
$9.83M
Blend (final)
Blend
$11.43M
Owner & transaction history
Ignite St Marys Property LLC · 5 yrs held
Ignite St Marys Property LLC
since 2021
3 recorded transactions
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 Blue Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Blue Springs 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
by Request
CAP Approach
CAP Return
Estimation
6%
$14,105,000
6.5%
$13,020,000
7%
$12,090,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$12,950,000
Current use
APARTMENT HOUSE (5+ UNITS)
$11,700,000
Change: -10% · Conversion: Moderate
RESTAURANT
$11,035,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$11.43M
Range $10.28M – $12.57M · ±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
$134 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$168,784
Tax year 2024
Assessed value
$2,109,352
Assessed 2024
Previous assessed
$2,109,352
+0.0% YoY
Effective rate
8.00%
On assessed value
Assessed land
$137,940
Assessed improvement
$1,971,412
Total market value
$11,101,850
Applied tax rate
42.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1985
Heating
NONE
Cooling
YES
Stories
2
Total area
85,494 SF
Lot
6.64 ac (289,238 SF)
APN
36-440-05-03-01-2
UPID
US48-0613927
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
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$13.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$11.7M
RESTAURANT
Est. value
$11.0M
COMMERCIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
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
1985
Heating
NONE
Cooling
Yes
Stories
2
Lot
6.64 ac
Current owner
From public records · entity-resolved
Ignite St Marys Property LLC
Entity
Mailing address
3701 W LUNT AVE, LINCOLNWOOD, IL 60712-2615
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 15, 2021
—
Ignite St Marys Property LLC
I V Missouri Property Holdings LLC
Special Warranty Deed
$1,000,000 · Cibc Bank USA
Mar 12, 2021
—
I V Missouri Property Holdings LLC
Carondelet Long Term Care Facilitie
Special Warranty Deed
—
Dec 6, 2012
—
Carondelet Health
St Marys Medical Center
Warranty Deed
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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