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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Garden apartment buildings
3135 Grand Ave, Kansas City, MO 64111-1161
Entity Owned
4-yr Hold
Absentee Owner
Property ID
US48-0173204
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1965
Construction
WOOD
Total area
4,340 SF
Lot
0.31 ac (13,504 SF)
APN
29-830-02-13
UPID
US48-0173204
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$315k
CAP Approach
CAP
$715k
Comparable Approach
Comparable
$533k
Blend (final)
Blend
$520k
Owner & transaction history
3135 Grand LLC · 4 yrs held
3135 Grand LLC
since 2021
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$770,000
+35.6%
Retail stores
$680,000
+19.7%
Auto repair, garage
$590,000
+3.8%
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
$315,000
CAP Approach
CAP Return
Estimation
6%
$775,000
6.5%
$715,000
7%
$665,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$570,000
Current use
OFFICE BUILDING
$770,000
Change: +36% · Conversion: Moderate
RETAIL STORES
$680,000
Change: +20% · Conversion: Difficult
AUTO REPAIR, GARAGE
$590,000
Change: +4% · Conversion: Difficult
WAREHOUSE, STORAGE
$590,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$520k
Range $468k – $572k · ±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
$10,808
Tax year 2024
Assessed value
$138,244
Assessed 2024
Previous assessed
$138,244
+0.0% YoY
Effective rate
7.82%
On assessed value
Assessed land
$5,320
Assessed improvement
$132,924
Total market value
$727,600
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1965
Construction
WOOD
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Total area
4,340 SF
Lot
0.31 ac (13,504 SF)
APN
29-830-02-13
UPID
US48-0173204
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$570,000
OFFICE BUILDING
Est. value
$770,000
RETAIL STORES
Est. value
$680,000
AUTO REPAIR, GARAGE
Est. value
$590,000
WAREHOUSE, STORAGE
Est. value
$590,000
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
1965
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
0.31 ac
Current owner
From public records · entity-resolved
3135 Grand LLC
Entity
Mailing address
1010 W 39TH ST, KANSAS CITY, MO 64111-3880
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 26, 2021
—
3135 Grand LLC
Blue Summit Properties LLC
Special Warranty Deed
$1,364,000 · Corefirst Bank & Trust
Jun 2, 2000
—
M & C Trust
Aoki Trust
Trustees Deed
related
—
—
—
Blue Summit Properties LLC
—
Deed Of Trust
related
$200,000 · Alfred Meyer
—
—
Blue Summit Properties LLC
—
Deed Of Trust
related
$100,000 · Pinnacle Bk
—
—
Blue Summit Properties LLC
—
Deed Of Trust
related
$249,500 · Union Bank
—
—
Blue Summit Properties LLC
—
Deed Of Trust
related
$212,500 · First Bank Kansas City
—
—
Blue Summit Properties LLC
—
Deed Of Trust
related
$222,326 · Pinnacle 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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