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Property profile & analytics
OFF-MARKET
Estimated value
$660,000
Grocery and convenience stores
19501 Us Hwy 40 Independence, MO 64055-5475
Individually Owned
17-yr Hold
Free & Clear
Property ID
US48-0971163
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2001
Construction
WOOD
Total area
8,772 SF
Lot
2.87 ac (125,017 SF)
APN
34-540-08-02
UPID
US48-0971163
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
-
Dr. James Vanbiber Dental Office
-
Dental Excellence Dental Office
-
Shelby Ripperger Alternative Medicine Practice
-
Bateman Gatrost Chiropractic Alternative Medicine Practice
-
Michael Lear Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$445k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$875k
Blend (final)
Blend
$660k
Owner & transaction history
Wiley,matthew D · 17 yrs held
Wiley,matthew D
since 2008
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.1M
+113.3%
Restaurant
$1.0M
+101.4%
Office building
$990,000
+97.8%
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
$445,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$500,000
Current use
AUTO REPAIR, GARAGE
$1,070,000
Change: +113% · Conversion: Difficult
RESTAURANT
$1,010,000
Change: +101% · Conversion: Difficult
OFFICE BUILDING
$990,000
Change: +98% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$860,000
Change: +72% · Conversion: Difficult
RETAIL STORES
$850,000
Change: +70% · Conversion: Easy
Blend value · Realmo final
$660k
Range $594k – $726k · ±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
$75 / 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
$57,078
Tax year 2024
Assessed value
$700,000
Assessed 2024
Previous assessed
$700,000
+0.0% YoY
Effective rate
8.15%
On assessed value
Assessed land
$268,288
Assessed improvement
$431,712
Total market value
$2,187,500
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2001
Construction
WOOD
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Total area
8,772 SF
Lot
2.87 ac (125,017 SF)
APN
34-540-08-02
UPID
US48-0971163
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$500,000
AUTO REPAIR, GARAGE
Est. value
$1.1M
RESTAURANT
Est. value
$1.0M
OFFICE BUILDING
Est. value
$990,000
INDUSTRIAL (GENERAL)
Est. value
$860,000
RETAIL STORES
Est. value
$850,000
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
RESTAURANT
OFFICE BUILDING
INDUSTRIAL (GENERAL)
RETAIL STORES
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
2.87 ac
Current owner
From public records · entity-resolved
Wiley,matthew D
Individual
Free & Clear · 17 yrs held
Mailing address
19501 E US HWY 40, INDEPENDENCE, MO 64055-5475
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2008
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
Jun 10, 2019
—
Dentai Achers Lc
—
Deed
related
$2,500,000 · Commerce Bk
Mar 22, 2018
—
Dental Achers Lc
—
Deed
related
—
Nov 17, 2008
—
Wiley,matthew D
Wiley,amy J
Quit Claim Deed
related
—
—
—
Dentai Achers Lc
—
Loan Modification
related
$2,500,000 · Commerce Bk
—
—
Dental Achers Lc
—
Loan Modification
related
—
—
—
Dental Achers Lc
—
Deed Of Trust
related
$2,217,000 · Commerce Bank NA
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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