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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    12615 Jackson Ave, Unit 1 Grandview, MO 64030-1505

    • Garden apartment buildings
    • 2,153 SF
    • 0.49 lot acres
    OFF-MARKET
    Last Sale
    Feb 01, 2024
    Value Estimations
    $280,000
    Show details
    Cap Rate Potential
    6.9%
    Garden apartment buildings
    Location Intelligence
    Property ID
    US48-3275405
    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 12615 Jackson Ave

    Year built
    1969
    Construction
    WOOD
    Lot size
    0.49 lot acres
    Property size
    2,153 SF
    Property type
    Garden apartment buildings
    APN
    64-910-05-05
    APU
    649100505

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $290,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $330,000
      6.5%
      $305,000
      7%
      $285,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $243,000
      Market price range: $173k - $298k

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $240,000
      Current use
      AUTO REPAIR, GARAGE
      $380,000
      Change: +60% Conversion: Difficult
      OFFICE BUILDING
      $350,000
      Change: +47% Conversion: Moderate
      RETAIL STORES
      $270,000
      Change: +12% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $265,000
      Change: +12% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Grandview
    County
    Jackson
    State
    Missouri
    Longitude
    -94.5438
    Latitude
    38.8961
    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
    $8,498
    $9,785
    $96,539
    $106,324
    -
    $0.00
    $0.00
    $559,600

    Comparable in this City

    • Value Estimation
      $515,000
      3,875 SF

      6002 126th St, Unit 101

      GARDEN APT, COURT APT (5+ UNITS) • 3,875 SF
      6002 126th St, Grandview, MO 64030-1939
      View Details
    • Value Estimation
      $200,000
      1,247 SF

      13919 Southern Rd, Unit A

      GARDEN APT, COURT APT (5+ UNITS) • 1,247 SF
      13919 Southern Rd, Grandview, MO 64030-3906
      View Details
    • Value Estimation
      $290,000
      3,600 SF

      1507 High Grv Rd, Unit 1

      GARDEN APT, COURT APT (5+ UNITS) • 3,600 SF
      1507 High Grv Rd, Grandview, MO 64030-3008
      View Details
    • Value Estimation
      $430,000
      3,264 SF

      12408 3rd St

      GARDEN APT, COURT APT (5+ UNITS) • 3,264 SF
      12408 3rd St, Grandview, MO 64030-1648
      View Details
    • Value Estimation
      $305,000
      3,960 SF

      500 135th St, Unit 1A

      GARDEN APT, COURT APT (5+ UNITS) • 3,960 SF
      500 135th St, Grandview, MO 64030-2872
      View Details
    • Value Estimation
      $490,000
      3,472 SF

      12800 14th St

      GARDEN APT, COURT APT (5+ UNITS) • 3,472 SF
      12800 14th St, Grandview, MO 64030-2503
      View Details

    Similar Nearby for Sale

    • $9,600,000
      Pending

      121-Unit Multifamily Complex in Grandview

      Stabilized asset with assumable loan in Grandview, Missouri.
      13901 Grandboro Ln, Grandview, MO 64030
      View Details
    • $1,800,000
      4.00 Acres

      Grandview MO Townhouse Development

      Prime 4-acre development land, 60 units approved.
      1402 Goode Ave, Grandview, MO 64030
      View Details
    • Contact for pricing
      0.23 Acres

      Grandview Missouri Residential Land

      Build Your Dream Home on 0.23 Acres
      5812 149Th St, Grandview, MO 64030
      View Details
    • $699,000
      7.48 Acres

      Grandview MO Multi-Use Land

      7.48 Acres, Endless Potential
      7905 High Grove Rd, Grandview, MO 64030
      View Details
    • Contact for pricing

      Grandview Residential Land Opportunity

      9,463 sq ft lot, $29,000
      8001 Southview Dr, Grandview, MO 64030
      View Details
    • $165,000
      1,400 SF

      Move-in Ready Townhouse Opportunity

      Updated 3-bedroom, 2.5-bath townhouse near Highway 71.
      6208 E 129Th St, Grandview, MO 64030
      View Details

    Similar Nearby for Lease

    • $21 SF/Yr
      8,880 SF

      Linwood Plaza Retail Space

      Grandview, MO retail space available.
      3429 Main St, Grandview, MO 64030
      View Details
    • $15 SF/Yr
      3,300 SF

      Retail Space on Main Street

      3300 SF retail space with high traffic and parking.
      6500 Main St, Grandview, MO 64030
      View Details
    • Contact for pricing
      600,000 SF

      Grandview Executive Office Tower

      30-Story Office Building, 600,000 SF
      1034 Main St, Grandview, MO 64030
      View Details
    • Contact for pricing
      6,000 SF

      Retail Space in Grandview, MO

      Junior box and small shop opportunities in dominant power center.
      12100-12124 15Th St, Grandview, MO 64030
      View Details
    • $12 SF/Yr
      5,870 SF

      Stand Alone Retail Space Available

      Retail space with dedicated parking and high visibility signage.
      12104 Blue Ridge Ext, Grandview, MO 64030
      View Details
    • $3 SF/Yr
      105,145 SF

      Grandview Warehouse: 105,145 SF

      High-ceiling warehouse, ideal for industrial use.
      301 High Grove Rd, Grandview, MO 64030
      View Details
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    12615 Jackson Ave, Unit 1
    Grandview, MO 64030-1505
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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