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Property profile & analytics
OFF-MARKET
Estimated value
$1,025,000
Grocery and convenience stores
2340 Meyer Blvd 2, Kansas City, MO 64132-1105
Entity Owned
Free & Clear
Property ID
US48-0620001
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1962
Construction
CONCRETE
Total area
5,712 SF
Lot
3.91 ac (170,320 SF)
Zoning code
C2R5
APN
47-140-01-49
UPID
US48-0620001
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
-
Medical Office Building 2 Hospital
-
MISH Hospital and Clinics Medical Clinic
-
Partners In Rehab Medicine Medical Group
-
Premier Imaging Medical Clinic
-
T P Children & Teens Care Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.02M
Comparable Approach
Comparable
$1.03M
Blend (final)
Blend
$1.03M
Owner & transaction history
RESEARCH OFFICE FACILITIES
RESEARCH OFFICE FACILITIES
Zoning & alternative use
C2R5 · Kansas City, MO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.5M
+535.4%
Retail stores
$1.1M
+354.1%
Industrial (general)
$855,000
+256.8%
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 Kansas City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kansas City 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%
$1,105,000
6.5%
$1,020,000
7%
$945,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,520,000
Change: +535% · Conversion: Difficult
RETAIL STORES
$1,085,000
Change: +354% · Conversion: Easy
INDUSTRIAL (GENERAL)
$855,000
Change: +257% · Conversion: Difficult
RESTAURANT
$755,000
Change: +215% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$690,000
Change: +190% · Conversion: Difficult
COMMERCIAL (GENERAL)
$630,000
Change: +163% · Conversion: Easy
Blend value · Realmo final
$1.03M
Range $923k – $1.13M · ±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
$179 / 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
$213,233
Tax year 2024
Assessed value
$2,304,000
Assessed 2024
Previous assessed
$2,304,000
+0.0% YoY
Effective rate
9.25%
On assessed value
Assessed land
$408,896
Assessed improvement
$1,895,104
Total market value
$7,200,000
Applied tax rate
1.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1962
Construction
CONCRETE
Heating
YES
Cooling
AC.PACKAGE
Buildings
3
Stories
2
Total area
5,712 SF
Lot
3.91 ac (170,320 SF)
Zoning code
C2R5
APN
47-140-01-49
UPID
US48-0620001
Jurisdiction
JACKSON
Zoning & alternative use
C2R5 · Kansas City, MO
Zoning C2R5 · permitted uses
C2R5 · Kansas City, MO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Kansas City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$1.5M
RETAIL STORES
Est. value
$1.1M
INDUSTRIAL (GENERAL)
Est. value
$855,000
RESTAURANT
Est. value
$755,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$690,000
COMMERCIAL (GENERAL)
Est. value
$630,000
AUTO REPAIR, GARAGE
RETAIL STORES
INDUSTRIAL (GENERAL)
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (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
1962
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
2
Buildings
3
Lot
3.91 ac
Current owner
From public records · entity-resolved
RESEARCH OFFICE FACILITIES
Individual
Free & Clear · 0 yrs held
Mailing address
PO BOX 80610, INDIANAPOLIS, IN 46280-0610
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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