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Property profile & analytics
OFF-MARKET
Estimated value
$1,260,000
Garden apartment buildings
16801 Larkspur Ln 1 Independence, MO 64055-2104
Entity Owned
3-yr Hold
Absentee Owner
Property ID
US48-0866193
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1971
Construction
WOOD
Total area
7,740 SF
Lot
14.53 ac (632,927 SF)
APN
25-920-02-01
UPID
US48-0866193
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
-
Oval Spring Apartments Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.25M
Comparable Approach
Comparable
$1.27M
Blend (final)
Blend
$1.26M
Owner & transaction history
Larkspur Point LLC · 3 yrs held
Larkspur Point LLC
since 2022
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.1M
+5.4%
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 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
by Request
CAP Approach
CAP Return
Estimation
6%
$1,355,000
6.5%
$1,250,000
7%
$1,160,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,065,000
Current use
COMMERCIAL (GENERAL)
$1,125,000
Change: +5% · Conversion: Moderate
AUTO REPAIR, GARAGE
$945,000
Change: -11% · Conversion: Difficult
RESTAURANT
$890,000
Change: -16% · Conversion: Difficult
OFFICE BUILDING
$875,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$1.26M
Range $1.13M – $1.39M · ±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
$163 / 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
$158,557
Tax year 2024
Assessed value
$2,341,845
Assessed 2024
Previous assessed
$2,341,845
+0.0% YoY
Effective rate
6.77%
On assessed value
Assessed land
$159,315
Assessed improvement
$2,182,530
Total market value
$12,325,500
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
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1971
Construction
WOOD
Heating
YES
Cooling
AC.PACKAGE
Buildings
5
Stories
3
Total area
7,740 SF
Lot
14.53 ac (632,927 SF)
APN
25-920-02-01
UPID
US48-0866193
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
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$945,000
RESTAURANT
Est. value
$890,000
OFFICE BUILDING
Est. value
$875,000
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RESTAURANT
OFFICE BUILDING
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
1971
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
3
Buildings
5
Lot
14.53 ac
Current owner
From public records · entity-resolved
Larkspur Point LLC
Entity
Mailing address
418 CLIFTON AVE STE #307, LAKEWOOD, NJ 08701-3750
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 3, 2022
—
Larkspur Point LLC
Sumerset Apts LLC
Special Warranty Deed
$22,076,000 · Berkadia Commercial Mortgage LLC
Dec 30, 2019
—
Summerset Apts LLC
Summerset Associates LLC
Quit Claim Deed
related
$21,000,000 · Greystone Svcng Corp
Jul 16, 2014
—
Summerset Associates LLC
Glendale Commons Assocs LP
Warranty Deed
$7,200,000 · First Nat'l Bk/omaha
—
—
Glendale Commons Associates LP
—
Deed Of Trust
related
$4,700,000 · Alliant Capital LLC
—
—
Summerset Associates LLC
—
Deed Of Trust
related
$11,250,000 · Grandbridge R/e Cap
—
—
Glendale Commons Associates LP
—
Deed Of Trust
related
$4,706,960 · Federal National Mortgage Assn
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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