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Property profile & analytics
FOR LEASE
Warehouses
12051 Grandview Rd, Grandview, MO 64030
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US48-0753174
For Lease
1 / 2
$2 SF/Yr
12051 Grandview Rd, Grandview, MO 64030
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1982
Construction
WOOD
Total area
15,554 SF
Lot
8.54 ac (372,002 SF)
APN
64-500-04-85
UPID
US48-0753174
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
$2.10M
Comparable Approach
Comparable
$1.59M
Blend (final)
Blend
$1.85M
Owner & transaction history
Redhouse Properties LLC · 9 yrs held
Redhouse Properties LLC
since 2017
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.8M
+175.1%
Office building
$2.5M
+151.6%
Restaurant
$2.1M
+106.6%
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 Grandview submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grandview 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%
$2,275,000
6.5%
$2,100,000
7%
$1,950,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$2,755,000
Change: +175% · Conversion: Easy
OFFICE BUILDING
$2,520,000
Change: +152% · Conversion: Difficult
RESTAURANT
$2,070,000
Change: +107% · Conversion: Difficult
RETAIL STORES
$1,935,000
Change: +93% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,930,000
Change: +93% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,720,000
Change: +72% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,180,000
Change: +18% · Conversion: Easy
Blend value · Realmo final
$1.85M
Range $1.66M – $2.03M · ±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
$119 / 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
$173,282
Tax year 2024
Assessed value
$1,806,016
Assessed 2024
Previous assessed
$1,806,016
+0.0% YoY
Effective rate
9.59%
On assessed value
Assessed land
$160,000
Assessed improvement
$1,646,016
Total market value
$5,643,800
Applied tax rate
61.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
For Lease
Year built
1982
Construction
WOOD
Heating
NONE
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Total area
15,554 SF
Lot
8.54 ac (372,002 SF)
APN
64-500-04-85
UPID
US48-0753174
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
AUTO REPAIR, GARAGE
Est. value
$2.8M
OFFICE BUILDING
Est. value
$2.5M
RESTAURANT
Est. value
$2.1M
RETAIL STORES
Est. value
$1.9M
COMMERCIAL (GENERAL)
Est. value
$1.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.7M
INDUSTRIAL (GENERAL)
Est. value
$1.2M
AUTO REPAIR, GARAGE
OFFICE BUILDING
RESTAURANT
RETAIL STORES
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1982
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
8.54 ac
Current owner
From public records · entity-resolved
Redhouse Properties LLC
Entity
Mailing address
3315 N OAK TRFY, KANSAS CITY, MO 64116-2775
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 16, 2018
—
Redhouse Properties LLC
—
Deed
related
$3,350,000 · Umb Bk
Jun 30, 2017
—
Redhouse Properties LLC
Oddball Investments LLC
Warranty Deed
$2,680,000 · Umb Bk
Apr 26, 2017
—
Oddball Investments LLC
—
Deed
related
$5,700,000 · Paul P Guastello
Nov 28, 2012
—
Oddball Investments LLC
—
Grant Deed
related
$5,700,000 · Miscellaneous Ins Co
—
—
Grandview Road I LLC
—
Deed Of Trust
related
$9,800,000 · Nationwide Life Insurance Co
—
—
Oddball Investments LLC
—
Deed Of Trust
related
$5,700,000 · Paul P Guastello
—
—
Redhouse Properties LLC
—
Deed Of Trust
related
$2,741,000 · Heartland Busn Cap
—
—
Redhouse Properties LLC
—
Deed Of Trust
related
$3,350,000 · Umb 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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