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Property profile & analytics
OFF-MARKET
Estimated value
$475,000
Retail space
11323 Truman Rd Independence, MO 64050-2512
Entity Owned
Absentee Owner
Free & Clear
Property ID
US48-0403180
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1920
Construction
WOOD
Total area
12,169 SF
Lot
0.65 ac (28,314 SF)
APN
27-140-02-01
UPID
US48-0403180
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
-
R Signs (Bike/Boat/Book/etc) Store Printing Service
-
Ryan's Car Care Center Auto Repair Shop
-
Images 200s Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.09M
Blend (final)
Blend
$475k
Owner & transaction history
Sp Mai Auto Investor I LLC
Sp Mai Auto Investor I LLC
since 2025
7 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 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,940,000
Current use
AUTO REPAIR, GARAGE
$1,915,000
Change: -1% · Conversion: Difficult
RESTAURANT
$1,895,000
Change: -2% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,825,000
Change: -6% · Conversion: Difficult
OFFICE BUILDING
$1,570,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$475k
Range $428k – $523k · ±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
$39 / 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
$10,375
Tax year 2024
Assessed value
$123,616
Assessed 2024
Previous assessed
$123,616
+0.0% YoY
Effective rate
8.39%
On assessed value
Assessed land
$44,384
Assessed improvement
$79,232
Total market value
$386,300
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
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1920
Construction
WOOD
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Total area
12,169 SF
Lot
0.65 ac (28,314 SF)
APN
27-140-02-01
UPID
US48-0403180
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
RETAIL STORES Current
Est. value
$1.9M
AUTO REPAIR, GARAGE
Est. value
$1.9M
RESTAURANT
Est. value
$1.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.8M
OFFICE BUILDING
Est. value
$1.6M
RETAIL STORES Current
AUTO REPAIR, GARAGE
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
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
1920
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
0.65 ac
Current owner
From public records · entity-resolved
Sp Mai Auto Investor I LLC
Entity
Free & Clear · 0 yrs held
Mailing address
10800 E WINNER RD, INDEPENDENCE, MO 64052-3758
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Dec 19, 2025
—
Sp Mai Auto Investor I LLC
Nr Auto Store 109 LLC
Special Warranty Deed
—
Dec 3, 2018
—
Ryans LLC
Colcon INC
Warranty Deed
$302,326 · Central Bk/the Midwest
Sep 14, 2017
—
Colcon INC
Conn,stan & Judy
Grant Deed
$223,358 · Bank Midwest
Nov 5, 2007
—
Conn,stan & Judy
Purtle,jeffrie L & Janet E
Grant Deed
related
—
Jan 9, 2007
—
Stan Conn
Purtle,janet E
Warranty Deed
$290,000 · Cleo Sisk
Dec 12, 2006
—
Purtle,janet E
Sisk,cleo C
Quit Claim Deed
related
—
May 11, 2006
$30,000
Cleo C Sisk
South & Associates PC
Trustees 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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