Technical
Financial
Distress signals
Property profile

12400 40th S St A Independence, MO 64055

OFF-MARKET
Garden apartment buildings
Property ID
US48-0976733
4,917 SF 1.24 ac lot Built 1965
Entity Owned 4-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Garden apartment buildings
Use group GARDEN APT, COURT APT (5+ UNITS)
Year built 1965
Construction WOOD
Total area 4,917 SF
Lot 1.24 ac (54,014 SF)
APN 33-340-05-09
UPID US48-0976733

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Apartment Building Apartment Complex

Location

12400 40th S St, Unit A Independence, MO 64055-4447
Independence metro Census 12200 KANSAS CITY, MO-KS METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$390k
CAP Approach CAP
$795k
Comparable Approach Comparable
$648k
Blend (final) Blend
$390k

Owner & transaction history

since 2021
4 recorded transactions
2021
Price N/A
2021
Price N/A
2019
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Commercial (general) $715,000 +5.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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