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Property profile & analytics
OFF-MARKET
Estimated value
$820,000
Warehouses
144 Markey Rd Belton, MO 64012-1722
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US48-1115098
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1975
Total area
7,380 SF
Lot
2.4 ac (104,544 SF)
APN
05-01-02-400-003-005.001
UPID
US48-1115098
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
$790k
Comparable Approach
Comparable
$847k
Blend (final)
Blend
$820k
Owner & transaction history
Faec Vision Spe LLC · 8 yrs held
Faec Vision Spe LLC
since 2018
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$955,000
+85.6%
Commercial (general)
$840,000
+63.6%
Restaurant
$830,000
+61.4%
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 Belton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Belton 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%
$855,000
6.5%
$790,000
7%
$735,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$515,000
Current use
OFFICE BUILDING
$955,000
Change: +86% · Conversion: Difficult
COMMERCIAL (GENERAL)
$840,000
Change: +64% · Conversion: Difficult
RESTAURANT
$830,000
Change: +61% · Conversion: Difficult
AUTO REPAIR, GARAGE
$705,000
Change: +37% · Conversion: Easy
MEDICAL BUILDING
$605,000
Change: +17% · Conversion: Difficult
RETAIL STORES
$530,000
Change: +3% · Conversion: Moderate
Blend value · Realmo final
$820k
Range $738k – $902k · ±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
$111 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$16,472
Tax year 2023
Assessed value
$187,940
Assessed 2023
Previous assessed
$187,940
+0.0% YoY
Effective rate
8.76%
On assessed value
Assessed land
$20,070
Assessed improvement
$167,870
Land market value
$62,730
Improvement market value
$524,590
Total market value
$587,320
Applied tax rate
5,904,001.0000
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1975
Heating
NONE
Buildings
3
Stories
1
Total area
7,380 SF
Lot
2.4 ac (104,544 SF)
APN
05-01-02-400-003-005.001
UPID
US48-1115098
Jurisdiction
CASS
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
WAREHOUSE, STORAGE Current
Est. value
$515,000
OFFICE BUILDING
Est. value
$955,000
COMMERCIAL (GENERAL)
Est. value
$840,000
RESTAURANT
Est. value
$830,000
AUTO REPAIR, GARAGE
Est. value
$705,000
MEDICAL BUILDING
Est. value
$605,000
RETAIL STORES
Est. value
$530,000
WAREHOUSE, STORAGE Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
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
1975
Heating
NONE
Stories
1
Buildings
3
Lot
2.4 ac
Current owner
From public records · entity-resolved
Faec Vision Spe LLC
Entity
Mailing address
7406 E 199TH ST, BELTON, MO 64012-9128
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
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
Mar 12, 2019
—
Vision Construction Properties LLC
—
Deed
related
$825,000 · Community Bank Of Raymore
Apr 20, 2018
—
Faec Vision Spe LLC
Mckinzey Holdings LLC
Warranty Deed
$585,000 · Community Bank
Apr 7, 2011
—
Mckinzey Holdings LLC
James A Mckinzey
Warranty Deed
—
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.
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