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Property profile & analytics
OFF-MARKET
Estimated value
$830,000
Garden apartment buildings
17304 Susquehanna Dr 1 Independence, MO 64056-1856
Entity Owned
6-yr Hold
Absentee Owner
Property ID
US48-3102209
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1965
Construction
WOOD
Total area
4,620 SF
Lot
0.98 ac (42,689 SF)
APN
16-440-04-02
UPID
US48-3102209
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
$745k
Comparable Approach
Comparable
$911k
Blend (final)
Blend
$830k
Owner & transaction history
Spirit Master Funding X LLC · 6 yrs held
Spirit Master Funding X LLC
since 2020
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$865,000
+29.9%
Auto repair, garage
$690,000
+3.3%
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%
$810,000
6.5%
$745,000
7%
$690,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$665,000
Current use
COMMERCIAL (GENERAL)
$865,000
Change: +30% · Conversion: Moderate
AUTO REPAIR, GARAGE
$690,000
Change: +3% · Conversion: Difficult
RETAIL STORES
$655,000
Change: -2% · Conversion: Difficult
OFFICE BUILDING
$565,000
Change: -15% · Conversion: Moderate
Blend value · Realmo final
$830k
Range $747k – $913k · ±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
$180 / 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
$20,666
Tax year 2024
Assessed value
$305,235
Assessed 2024
Previous assessed
$305,235
+0.0% YoY
Effective rate
6.77%
On assessed value
Assessed land
$26,258
Assessed improvement
$278,977
Total market value
$1,606,500
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
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
1965
Construction
WOOD
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Total area
4,620 SF
Lot
0.98 ac (42,689 SF)
APN
16-440-04-02
UPID
US48-3102209
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
$665,000
COMMERCIAL (GENERAL)
Est. value
$865,000
AUTO REPAIR, GARAGE
Est. value
$690,000
RETAIL STORES
Est. value
$655,000
OFFICE BUILDING
Est. value
$565,000
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
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
1965
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
0.98 ac
Current owner
From public records · entity-resolved
Spirit Master Funding X LLC
Entity
Mailing address
118 N CONISTOR LN STE BSTEB, LIBERTY, MO 64068-1957
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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
Feb 27, 2020
—
Spirit Master Funding X LLC
Svcn 4 LLC
Grant Deed
related
—
Aug 8, 2019
—
Susquehanna Apt Mgmt LLC
—
Deed
related
$1,163,521 · Equity Bk
Jan 31, 2017
—
Susquehanna Apartment Mgmt LLC
Susquehanna Apartments LLC
Quit Claim Deed
related
$960,000 · Adams Dairy Bk
Nov 12, 2010
—
Susquehanna Apartments LLC
Housing By C & L Props LLC
Warranty Deed
$960,000 · Regional Missouri Bank
—
—
Susquehanna Apt Mgmt LLC
—
Deed Of Trust
related
$1,163,521 · Equity Bk
—
—
Housing By C & L Props LLC
—
Deed Of Trust
related
$250,000 · Commerce 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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