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    Property profile & analytics

    12401 40th S St, Unit A Independence, MO 64055-4438

    • Garden apartment buildings
    • 4,917 SF
    • 1.18 lot acres
    OFF-MARKET
    Value Estimation
    $525,000
    Location Intelligence
    Property ID
    US48-0724789
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Garden apartment buildings

    Property Details for 12401 40th S St

    Year built
    1966
    Construction
    WOOD
    Lot size
    1.18 lot acres
    Property size
    4,917 SF
    Property type
    Garden apartment buildings
    APN
    33-340-06-12
    APU
    333400612

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Independence
    County
    Jackson
    State
    Missouri
    Longitude
    -94.4328
    Latitude
    39.0492
    CBSA code
    28140
    CBSA name
    KANSAS CITY, MO-KS METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $23,155
    $16,549
    $325,451
    $342,000
    -
    $0.00
    $0.00
    $1,800,000

    Comparable in this City

    • Value Estimation by Request
      1,998 SF

      3919 Cedar Crst Dr

      GARDEN APT, COURT APT (5+ UNITS) • 1,998 SF
      3919 Cedar Crst Dr, Independence, MO 64055-7608
      View Details
    • Value Estimation
      $475,000
      4,917 SF

      12400 40th S St, Unit A

      GARDEN APT, COURT APT (5+ UNITS) • 4,917 SF
      12400 40th S St, Independence, MO 64055-4447
      View Details
    • Value Estimation
      $375,000
      1,536 SF

      15418 45th S Ter, Unit A

      GARDEN APT, COURT APT (5+ UNITS) • 1,536 SF
      15418 45th S Ter, Independence, MO 64055-6286
      View Details
    • Value Estimation by Request
      2,490 SF

      16000 28th S Ter, Unit 2301

      GARDEN APT, COURT APT (5+ UNITS) • 2,490 SF
      16000 28th S Ter, Independence, MO 64055-7509
      View Details
    • Value Estimation by Request
      3,442 SF

      Independence, MO 64055

      GARDEN APT, COURT APT (5+ UNITS) • 3,442 SF
      Independence, MO 64055
      View Details
    • Value Estimation
      $530,000
      2,652 SF

      12407 43rd S St, Unit 1

      GARDEN APT, COURT APT (5+ UNITS) • 2,652 SF
      12407 43rd S St, Independence, MO 64055-5936
      View Details

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      Prime 7.5-acre residential lot, ideal for development.
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    Similar Nearby for Lease

    • $12 SF/Yr
      3,693 SF

      Warehouse Space Near I-70

      3,693 SF warehouse space with ample parking and fenced lot.
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      Centrally located office space with good highway visibility.
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    • $10 SF/Yr
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      Office Space with Private Restroom

      Office space featuring private offices, restroom, and designated storage.
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      Noland Road Retail Space Available

      Prime Independence Retail Space, 2,000 SF
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      1 SF

      Prime Commercial Land, Independence, MO

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    • Contact for pricing
      1,600 SF

      Retail/Medical Space on Highway 40

      Retail or medical spaces available for lease on Highway 40.
      17000 E Us Highway 40, Independence, MO 64055
      View Details
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    Independence, MO 64055-4438
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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