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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Retail space
11525 Us Hwy 24, Independence, MO 64054-1519
Entity Owned
12-yr Hold
Absentee Owner
Free & Clear
Property ID
US48-0817029
Property summary
AI-generated overview
This 3,500 square foot retail property, located at 11525 E US Hwy 24 in Independence, Missouri (zip code 64054), is available for $450,000. Situated on a spacious 25,240 square foot lot, this property boasts a prime location ideal for a convenience store or other adaptable retail businesses. The building underwent a complete rehabilitation in 2022, including a new roof, plumbing system, electrical upgrades, and a completely renovated interior. The parking lot has also been updated. The current tenant, a laundromat, is relocating, presenting a unique opportunity for a new business to establish itself in this high-traffic area. The property's excellent condition and strategic location make it an attractive investment opportunity. Please note that the current tenant should not be disturbed. Jackson County location offers easy access to major roadways and a strong customer base. This is a turnkey operation ready for immediate occupancy.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1987
Construction
WOOD
Total area
3,655 SF
Lot
0.58 ac (25,265 SF)
APN
26-320-05-05
UPID
US48-0817029
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
-
3 W the Firm Insurance Group Insurance Agency
-
Wash House Laundry (Bike/Boat/Book/etc) Store
-
Hello Wireless Mobile Phone Store Electronics & Wireless Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$350k
CAP Approach
CAP
$680k
Comparable Approach
Comparable
$496k
Blend (final)
Blend
$510k
Owner & transaction history
Carter Family Ptshp LP · 12 yrs held
Carter Family Ptshp LP
since 2014
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$685,000
+32.4%
Auto repair, garage
$545,000
+5.3%
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
$350,000
CAP Approach
CAP Return
Estimation
6%
$735,000
6.5%
$680,000
7%
$630,000
Alternative Use
Use
Estimation
RETAIL STORES
$515,000
Current use
COMMERCIAL (GENERAL)
$685,000
Change: +32% · Conversion: Easy
AUTO REPAIR, GARAGE
$545,000
Change: +5% · Conversion: Difficult
OFFICE BUILDING
$445,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$510k
Range $459k – $561k · ±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
$140 / 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
$1,949
Tax year 2024
Assessed value
$97,216
Assessed 2024
Previous assessed
$97,216
+0.0% YoY
Effective rate
2.00%
On assessed value
Assessed land
$57,888
Assessed improvement
$39,328
Total market value
$303,800
Applied tax rate
9.0000
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
1987
Construction
WOOD
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Total area
3,655 SF
Lot
0.58 ac (25,265 SF)
APN
26-320-05-05
UPID
US48-0817029
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
$515,000
COMMERCIAL (GENERAL)
Est. value
$685,000
AUTO REPAIR, GARAGE
Est. value
$545,000
OFFICE BUILDING
Est. value
$445,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1987
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
0.58 ac
Current owner
From public records · entity-resolved
Carter Family Ptshp LP
Entity
Free & Clear · 12 yrs held
Mailing address
410 SW STATE RTE 7TH 7, BLUE SPRINGS, MO 64014-3053
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
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
Mar 7, 2014
—
Carter Family Ptshp LP
Carter,sam K & Janet
Quit Claim 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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