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Property profile & analytics
OFF-MARKET
Estimated value
$3,455,000
Office buildings
300 39th St, Kansas City, MO 64111-1531
Entity Owned
12-yr Hold
Absentee Owner
Free & Clear
Property ID
US48-2835094
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1924
Construction
WOOD
Total area
13,139 SF
Lot
0.75 ac (32,670 SF)
APN
30-220-29-19
UPID
US48-2835094
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
-
Medallion theater Hotel & Motel Resort
-
Mycroft AI Inc (Bike/Boat/Book/etc) Store Corporate Office
-
Asuun LLC (Bike/Boat/Book/etc) Store Corporate Office
-
LodgeTools, Inc (Bike/Boat/Book/etc) Store Corporate Office
-
VIVE Culture Church Church
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.05M
Comparable Approach
Comparable
$3.87M
Blend (final)
Blend
$3.46M
Owner & transaction history
Hp Dev Partners LLC · 12 yrs held
Hp Dev Partners LLC
since 2014
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
$3,300,000
6.5%
$3,045,000
7%
$2,830,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,335,000
Current use
Blend value · Realmo final
$3.46M
Range $3.11M – $3.80M · ±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
$263 / 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
$177,694
Tax year 2024
Assessed value
$1,920,000
Assessed 2024
Previous assessed
$2,175,616
-11.7% YoY
Effective rate
9.25%
On assessed value
Assessed land
$147,040
Assessed improvement
$1,772,960
Total market value
$6,000,000
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
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
1924
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Total area
13,139 SF
Lot
0.75 ac (32,670 SF)
APN
30-220-29-19
UPID
US48-2835094
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
$2.3M
OFFICE BUILDING Current
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
1924
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
0.75 ac
Current owner
From public records · entity-resolved
Hp Dev Partners LLC
Entity
Free & Clear · 12 yrs held
Mailing address
5159 MERCIER ST, KANSAS CITY, MO 64112-2383
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
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
Feb 21, 2017
—
Hp Dev Partners LLC
—
Trustees Deed
related
$350,000 · Missouri Bk&tr
Jan 28, 2014
—
Hp Dev Partners LLC
School District Of Kansas City Mi
Grant Deed
related
—
—
—
Hp Dev Partners LLC
—
Deed Of Trust
related
$749,900 · Nola 4 LLC
—
—
Hp Dev Partners LLC
—
Deed Of Trust
related
$14,850,000 · Private Individual
—
—
Hp Dev Partners LLC
—
Deed Of Trust
related
$1,500,000 · Kcmo Cde Xviii LLC
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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