New search
Property profile & analytics
OFF-MARKET
Estimated value
$610,000
Hotels
18700 37th S Ter Independence, MO 64057-2302
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US48-0567839
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1999
Construction
WOOD
Total area
10,210 SF
Lot
1.4 ac (60,984 SF)
APN
34-200-02-44
UPID
US48-0567839
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
-
Best Western Independence Kansas City Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$575k
CAP Approach
CAP
$790k
Comparable Approach
Comparable
$463k
Blend (final)
Blend
$610k
Owner & transaction history
Bastola Hospitality INC · 3 yrs held
Bastola Hospitality INC
since 2022
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$1.0M
+49.7%
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
$575,000
CAP Approach
CAP Return
Estimation
6%
$855,000
6.5%
$790,000
7%
$730,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$670,000
Current use
INDUSTRIAL (GENERAL)
$1,000,000
Change: +50% · Conversion: Difficult
Blend value · Realmo final
$610k
Range $549k – $671k · ±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
$60 / 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
$32,637
Tax year 2024
Assessed value
$400,256
Assessed 2024
Previous assessed
$400,256
+0.0% YoY
Effective rate
8.15%
On assessed value
Assessed land
$376,384
Assessed improvement
$23,872
Total market value
$1,250,800
Applied tax rate
38.0000
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1999
Construction
WOOD
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Total area
10,210 SF
Lot
1.4 ac (60,984 SF)
APN
34-200-02-44
UPID
US48-0567839
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
HOTEL/MOTEL Current
Est. value
$670,000
INDUSTRIAL (GENERAL)
Est. value
$1.0M
HOTEL/MOTEL Current
INDUSTRIAL (GENERAL)
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
1999
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
1.4 ac
Current owner
From public records · entity-resolved
Bastola Hospitality INC
Entity
Mailing address
2505 VISTAVIEW TER, COLUMBIA, MO 65203-5206
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 1, 2022
—
Bastola Hospitality INC
Milan Hospitality LLC
Special Warranty Deed
$3,840,000 · Community State Bank
Nov 6, 2018
—
Milan Hospitality LLC
Enhanced Independence LLC
Grant Deed
$2,252,500 · State Bk/tx
Jun 20, 2018
—
Enhanced Independence LLC
Cni Thl Propco Fe LLC
Grant Deed
related
—
Nov 13, 2017
—
Cni Thl Propco Fe LLC
Fargo Hotels Pool B Rea
Quit Claim Deed
related
$960,000 · Jp Morgan Chase Bk
Jun 2, 2011
—
Fargo Hotels Pool B Re W2005
—
Deed Of Trust
related
$725,000,000 · German American Capital Corp
Apr 18, 2006
—
Fargo Hotels Pool B Real W2005
Midwest Heritage Inn Of Independe
Grant Deed
related
—
Feb 25, 2005
—
Midwest Heritage Inn Of Independe
—
Deed Of Trust
related
$34,326,000 · Countrywide Com'l R E Fin
—
—
Fargo Hotels Pool B Re W2005
—
Deed Of Trust
related
$775,000,000 · Citigroup Global Markets Realt
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 18700 37th S Ter?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
