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Property profile & analytics
OFF-MARKET
Estimated value
$965,000
Office buildings
1680 Chipman Rd Lees Summit, MO 64081-3934
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US48-0301168
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2001
Construction
WOOD
Total area
5,390 SF
Lot
1.45 ac (63,162 SF)
APN
51-700-03-21
UPID
US48-0301168
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
Current use
Occupant on record · Public records
-
Khiara Drew Dental Office
-
The Good Feet Store Orthotics & Prosthetics Service
-
Motto Clear Aligners Dental Office
-
Wed Khizirpour Dental Office
-
Dr. Joseph Formanek Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$935k
Comparable Approach
Comparable
$994k
Blend (final)
Blend
$965k
Owner & transaction history
Chipman Road Mo LLC · 8 yrs held
Chipman Road Mo LLC
since 2018
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$955,000
+48.5%
Industrial (general)
$720,000
+11.5%
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 Lees Summit submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lees Summit 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%
$1,015,000
6.5%
$935,000
7%
$870,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$645,000
Current use
COMMERCIAL (GENERAL)
$955,000
Change: +49% · Conversion: Easy
INDUSTRIAL (GENERAL)
$720,000
Change: +11% · Conversion: Difficult
WAREHOUSE, STORAGE
$635,000
Change: -1% · Conversion: Difficult
RESTAURANT
$620,000
Change: -4% · Conversion: Moderate
Blend value · Realmo final
$965k
Range $869k – $1.06M · ±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
$179 / 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
$71,425
Tax year 2024
Assessed value
$731,200
Assessed 2024
Previous assessed
$830,016
-11.9% YoY
Effective rate
9.77%
On assessed value
Assessed land
$606,848
Assessed improvement
$124,352
Total market value
$2,285,000
Applied tax rate
49.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2001
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Stories
1
Total area
5,390 SF
Lot
1.45 ac (63,162 SF)
APN
51-700-03-21
UPID
US48-0301168
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
OFFICE BUILDING Current
Est. value
$645,000
COMMERCIAL (GENERAL)
Est. value
$955,000
INDUSTRIAL (GENERAL)
Est. value
$720,000
WAREHOUSE, STORAGE
Est. value
$635,000
RESTAURANT
Est. value
$620,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
RESTAURANT
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
2001
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
1.45 ac
Current owner
From public records · entity-resolved
Chipman Road Mo LLC
Entity
Mailing address
1025 OLD COUNTRY RD STE #425, WESTBURY, NY 11590-5661
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 29, 2019
—
Family Grand Mo LLC
—
Grant Deed
related
$3,811,711 · Bethpage FCU
May 3, 2018
—
Chipman Road Mo LLC
Leeoe LLC
Grant Deed
$1,885,000 · Fidelity Bk/mi
Jul 28, 2017
—
Leejoe LLC
—
Deed
related
$2,068,064 · Emprise Bk
Sep 13, 2016
—
Leejoe LLC
Bob Evans Farms LLC
Grant Deed
$1,193,064 · Emprise Bk
—
—
Leejoe LLC
—
Loan Modification
related
$2,068,064 · Emprise 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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