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Property profile & analytics
OFF-MARKET
Estimated value
$730,000
Office buildings
229 Blue Pkwy Lees Summit, MO 64063-1887
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US48-0053518
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1986
Construction
WOOD
Total area
6,084 SF
Lot
0.97 ac (42,253 SF)
APN
62-140-02-03
UPID
US48-0053518
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
-
Refresh Wellness & Counseling LLC Counselor Wellness Center
-
William Hein American Family Insurance Insurance Agency
-
Gunther John Law Firm
-
Alternative Health Services Medical Clinic Alternative Medicine Practice
-
Financial Wize Mortgage Lenders Lee's Summit MO Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$778k
Blend (final)
Blend
$730k
Owner & transaction history
229 Nw Blue Pkwy LLC · 3 yrs held
229 Nw Blue Pkwy LLC
since 2022
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.1M
+28.9%
Commercial (general)
$1.1M
+24.8%
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 Lees Summit submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lees Summit 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$865,000
Current use
RETAIL STORES
$1,115,000
Change: +29% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,080,000
Change: +25% · Conversion: Easy
AUTO REPAIR, GARAGE
$785,000
Change: -9% · Conversion: Difficult
RESTAURANT
$765,000
Change: -12% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$755,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$730k
Range $657k – $803k · ±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
$120 / 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
$22,718
Tax year 2024
Assessed value
$264,000
Assessed 2024
Previous assessed
$264,000
+0.0% YoY
Effective rate
8.61%
On assessed value
Assessed land
$209,856
Assessed improvement
$54,144
Total market value
$825,000
Applied tax rate
49.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1986
Construction
WOOD
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Total area
6,084 SF
Lot
0.97 ac (42,253 SF)
APN
62-140-02-03
UPID
US48-0053518
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
OFFICE BUILDING Current
Est. value
$865,000
RETAIL STORES
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$785,000
RESTAURANT
Est. value
$765,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$755,000
OFFICE BUILDING Current
RETAIL STORES
COMMERCIAL (GENERAL)
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
1986
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
0.97 ac
Current owner
From public records · entity-resolved
229 Nw Blue Pkwy LLC
Entity
Mailing address
229 NW BLUE PKWY, LEES SUMMIT, MO 64063-1887
Mailing matches property
Yes
Owner-occupied
Yes
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 1, 2022
—
229 Nw Blue Pkwy LLC
Larry Clayton Properties LLC
Warranty Deed
$742,500 · Hawthorn Bank
Jul 13, 2006
—
Larry Clayton Properties LLC
M & C Properties LLC
Warranty Deed
$546,000 · Empire Bk
Aug 17, 2004
—
M & C Properties LLC
Curley,michael J & Christina R
Quit Claim Deed
related
—
May 1, 1998
—
Michael J Curley
Scammacca Mcclary Assoc
Grant Deed
$306,000 · Midland Bank
—
—
Michael J Curley
—
Deed Of Trust
related
$135,000 · Midland Bank
—
—
M & C Properties LLC
—
Deed Of Trust
related
$219,337 · National Bank Of Kansas City
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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