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Property profile & analytics
OFF-MARKET
Estimated value
$2,140,000
Retail space
19401 Us Hwy 24 Independence, MO 64056-4413
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US48-0587920
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2022
Total area
10,500 SF
Lot
2.62 ac (114,127 SF)
APN
16-240-08-01-02
UPID
US48-0587920
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
-
First Step Academy Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.96M
Comparable Approach
Comparable
$2.33M
Blend (final)
Blend
$2.14M
Owner & transaction history
Burton LLC · 3 yrs held
Burton LLC
since 2022
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.0M
+32.4%
Auto repair, garage
$1.6M
+5.3%
Apartment house (5+ units)
$1.5M
+2.0%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$2,115,000
6.5%
$1,955,000
7%
$1,815,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,485,000
Current use
COMMERCIAL (GENERAL)
$1,970,000
Change: +32% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,565,000
Change: +5% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,515,000
Change: +2% · Conversion: Difficult
OFFICE BUILDING
$1,285,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$2.14M
Range $1.93M – $2.35M · ±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
$204 / 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
$47
Tax year 2024
Assessed value
$662,400
Assessed 2024
Previous assessed
$589
+112,361.8% YoY
Effective rate
0.01%
On assessed value
Assessed land
$59,200
Assessed improvement
$603,200
Total market value
$2,070,000
Applied tax rate
35.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2022
Heating
NONE
Stories
1
Total area
10,500 SF
Lot
2.62 ac (114,127 SF)
APN
16-240-08-01-02
UPID
US48-0587920
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
RETAIL STORES Current
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$1.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.3M
RETAIL STORES Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
2022
Heating
NONE
Stories
1
Lot
2.62 ac
Current owner
From public records · entity-resolved
Burton LLC
Entity
Free & Clear · 3 yrs held
Mailing address
917 SAFFRON DR, LEEDS, AL 35094-3423
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 5, 2022
—
Burton LLC
Independence Davis Dg LLC
Special Warranty Deed
—
May 4, 2022
—
Dolgencorp LLC
Independence Davis Dg LLC
Lease
—
Mar 15, 2022
—
Independence Davis Dg LLC
Herbert H Varnell JR
Warranty Deed
$1,510,000 · Midwest Regional Bank
Sep 28, 2020
—
Jennifer K Davidson
—
Deed
related
—
Jul 17, 2019
—
Jennifer K Davidson
Varnell,herbert H JR & Bonnie
Quit Claim Deed
related
—
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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