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Property profile & analytics
OFF-MARKET
Estimated value
$2,240,000
Office buildings
221 Lexington Ave Independence, MO 64050-3707
Entity Owned
22-yr Hold
~
Est. High Equity
Property ID
US48-0557639
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1973
Construction
CONCRETE
Total area
10,199 SF
Lot
1.19 ac (51,836 SF)
APN
26-230-17-10
UPID
US48-0557639
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
-
Manuel Scott R Law Firm
-
Loudon Jr Donald H Law Firm
-
Kimak J'Nan C Law Firm
-
Crick Steven E Law Firm
-
Central Professional Building Business Service Center Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.56M
Comparable Approach
Comparable
$1.92M
Blend (final)
Blend
$2.24M
Owner & transaction history
Lakeside Shoppling Center LLC · 22 yrs held
Lakeside Shoppling Center LLC
since 2003
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.2M
+68.3%
Retail stores
$1.6M
+23.5%
Auto repair, garage
$1.6M
+22.2%
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%
$2,775,000
6.5%
$2,560,000
7%
$2,380,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,215,000
Change: +68% · Conversion: Easy
RETAIL STORES
$1,625,000
Change: +23% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,605,000
Change: +22% · Conversion: Difficult
RESTAURANT
$1,590,000
Change: +21% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$1,530,000
Change: +16% · Conversion: Easy
Blend value · Realmo final
$2.24M
Range $2.02M – $2.46M · ±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
$220 / 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
$67,161
Tax year 2024
Assessed value
$782,016
Assessed 2024
Previous assessed
$782,016
+0.0% YoY
Effective rate
8.59%
On assessed value
Assessed land
$75,392
Assessed improvement
$706,624
Total market value
$2,443,800
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1973
Construction
CONCRETE
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Total area
10,199 SF
Lot
1.19 ac (51,836 SF)
APN
26-230-17-10
UPID
US48-0557639
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
COMMERCIAL (GENERAL)
Est. value
$2.2M
RETAIL STORES
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.6M
RESTAURANT
Est. value
$1.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.5M
COMMERCIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
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
1973
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
1
Lot
1.19 ac
Current owner
From public records · entity-resolved
Lakeside Shoppling Center LLC
Entity
Mailing address
PO BOX 900, INDEPENDENCE, MO 64051-0900
Ownership since
2003
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 19, 2003
—
Lakeside Shoppling Center LLC
Santa Fe Trail Neighborhood Rd
Grant Deed
$260,000 · Americas Community Bank
Mar 26, 1999
—
Mcfarr Realty LLC
Reorganized Church Latter Day
Grant Deed
$1,600,000 · Mercantile Bank
—
—
Central Prof Building LLC
—
Deed Of Trust
related
$1,556,754 · Bank Of Belton
—
—
Central Prof Building LLC
—
Deed Of Trust
related
$1,450,000 · Bank Of Belton
—
—
Lakeside Shopping Center LLC
—
Deed Of Trust
related
$200,000 · Americas Community Bank
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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