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Property profile & analytics
OFF-MARKET
Estimated value
$500,000
Garden apartment buildings
16333 Truman Rd 11 Independence, MO 64050-6104
Entity Owned
5-yr Hold
Absentee Owner
Property ID
US48-0776166
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1986
Construction
WOOD
Total area
2,275 SF
Lot
3.06 ac (133,294 SF)
APN
26-140-03-15
UPID
US48-0776166
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
$510k
CAP Approach
CAP
$365k
Comparable Approach
Comparable
$494k
Blend (final)
Blend
$500k
Owner & transaction history
Hill Expo LLC · 5 yrs held
Hill Expo LLC
since 2021
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$495,000
+44.7%
Retail stores
$360,000
+6.1%
Auto repair, garage
$360,000
+5.0%
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 Independence submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Independence 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
$510,000
CAP Approach
CAP Return
Estimation
6%
$400,000
6.5%
$365,000
7%
$340,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$340,000
Current use
COMMERCIAL (GENERAL)
$495,000
Change: +45% · Conversion: Moderate
RETAIL STORES
$360,000
Change: +6% · Conversion: Difficult
AUTO REPAIR, GARAGE
$360,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$500k
Range $450k – $550k · ±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
$220 / 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
$81,816
Tax year 2024
Assessed value
$1,208,400
Assessed 2024
Previous assessed
$1,269,675
-4.8% YoY
Effective rate
6.77%
On assessed value
Assessed land
$38,000
Assessed improvement
$1,170,400
Total market value
$6,360,000
Applied tax rate
9.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1986
Construction
WOOD
Heating
YES
Cooling
AC.PACKAGE
Buildings
3
Stories
1
Total area
2,275 SF
Lot
3.06 ac (133,294 SF)
APN
26-140-03-15
UPID
US48-0776166
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$340,000
COMMERCIAL (GENERAL)
Est. value
$495,000
RETAIL STORES
Est. value
$360,000
AUTO REPAIR, GARAGE
Est. value
$360,000
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
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
1986
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Lot
3.06 ac
Current owner
From public records · entity-resolved
Hill Expo LLC
Entity
Mailing address
4741 CENTRAL ST #2300, KANSAS CITY, MO 64112-1533
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 24, 2021
—
Hill Expo LLC
Hillside Expo LLC
Special Warranty Deed
$9,500,000 · Greystone Servicing Company LLC
Aug 21, 2019
—
Hillside Expo LLC
—
Deed
related
$6,670,000 · Lead Bk
Oct 24, 2018
—
Hillside Expo LLC
Independence Hillside Hldgs Ll
Quit Claim Deed
related
—
Jun 19, 2015
—
Independence Hillside Holdings
Independence Apartments LLC
Quit Claim Deed
related
$9,250,000 · Natixis R/e Cap
—
—
Hillside Expo LLC
—
Loan Modification
related
$6,670,000 · Lead 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.
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