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Property profile & analytics
OFF-MARKET
Estimated value
$595,000
Garden apartment buildings
1200 89th St 1S, Kansas City, MO 64131-4735
Individually Owned
9-yr Hold
Absentee Owner
Property ID
US48-0850762
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1960
Construction
WOOD
Total area
5,185 SF
Lot
7.03 ac (306,227 SF)
APN
48-130-03-05
UPID
US48-0850762
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
$599k
Blend (final)
Blend
$595k
Owner & transaction history
Expo R & E Hldgs Multi-family Fu · 9 yrs held
Expo R & E Hldgs Multi-family Fu
since 2017
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$920,000
+110.5%
Retail stores
$750,000
+71.5%
Restaurant
$685,000
+56.0%
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 Kansas City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kansas City 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
APARTMENT HOUSE (5+ UNITS)
$440,000
Current use
AUTO REPAIR, GARAGE
$920,000
Change: +110% · Conversion: Difficult
RETAIL STORES
$750,000
Change: +71% · Conversion: Difficult
RESTAURANT
$685,000
Change: +56% · Conversion: Difficult
COMMERCIAL (GENERAL)
$570,000
Change: +30% · Conversion: Moderate
OFFICE BUILDING
$555,000
Change: +27% · Conversion: Moderate
WAREHOUSE, STORAGE
$435,000
Change: -1% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$435,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$595k
Range $536k – $655k · ±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
$115 / 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
$126,424
Tax year 2024
Assessed value
$1,671,126
Assessed 2024
Previous assessed
$1,671,126
+0.0% YoY
Effective rate
7.57%
On assessed value
Assessed land
$237,234
Assessed improvement
$1,433,892
Total market value
$8,795,400
Applied tax rate
7.0000
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1960
Construction
WOOD
Heating
YES
Buildings
3
Stories
1
Total area
5,185 SF
Lot
7.03 ac (306,227 SF)
APN
48-130-03-05
UPID
US48-0850762
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$440,000
AUTO REPAIR, GARAGE
Est. value
$920,000
RETAIL STORES
Est. value
$750,000
RESTAURANT
Est. value
$685,000
COMMERCIAL (GENERAL)
Est. value
$570,000
OFFICE BUILDING
Est. value
$555,000
WAREHOUSE, STORAGE
Est. value
$435,000
INDUSTRIAL (GENERAL)
Est. value
$435,000
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
RETAIL STORES
RESTAURANT
COMMERCIAL (GENERAL)
OFFICE BUILDING
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
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
1960
Construction
WOOD
Heating
YES
Stories
1
Buildings
3
Lot
7.03 ac
Current owner
From public records · entity-resolved
Expo R & E Hldgs Multi-family Fu
Individual
Mailing address
1 E ARMOUR BLVD #250, KANSAS CITY, MO 64111-1201
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
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
May 31, 2017
—
Expo R & E Hldgs Multi-family Fu
—
Deed
related
$4,550,000 · Lead Bk
Aug 17, 2015
—
Expo R & E Holdings Multi-family
—
Grant Deed
related
$3,050,000 · Union Bk&tr
—
—
Expo R & E Hldgs Multi-family Fu
—
Deed Of Trust
related
$4,550,000 · Lead Bk
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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