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Property profile & analytics
OFF-MARKET
Estimated value
$800,000
Turn key restaurants
403 18th St, Kansas City, MO 64108-1409
Entity Owned
10-yr Hold
Free & Clear
Property ID
US48-0678047
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1920
Construction
WOOD
Total area
10,788 SF
Lot
0.2 ac (8,712 SF)
Zoning code
M1
APN
29-510-10-06
UPID
US48-0678047
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
-
Tamara Johnson Book Store (Bike/Boat/Book/etc) Store
-
Sonia Buchanan Book Store (Bike/Boat/Book/etc) Store
-
Love Long Distance Mural by Rif Raf Giraffe Resort
-
International Tap House - Crossroads Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$800k
Owner & transaction history
Carbondale Apartment Group LLC · 10 yrs held
Carbondale Apartment Group LLC
since 2015
7 recorded transactions
Zoning & alternative use
M1 · Kansas City, MO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.3M
+1.5%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,265,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,285,000
Change: +1% · Conversion: Difficult
RETAIL STORES
$1,250,000
Change: -1% · Conversion: Easy
Blend value · Realmo final
$800k
Range $720k – $880k · ±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
$74 / 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
$50,347
Tax year 2024
Assessed value
$544,000
Assessed 2024
Previous assessed
$544,000
+0.0% YoY
Effective rate
9.25%
On assessed value
Assessed land
$149,760
Assessed improvement
$394,240
Total market value
$1,700,000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1920
Construction
WOOD
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Total area
10,788 SF
Lot
0.2 ac (8,712 SF)
Zoning code
M1
APN
29-510-10-06
UPID
US48-0678047
Jurisdiction
JACKSON
Zoning & alternative use
M1 · Kansas City, MO
Zoning M1 · permitted uses
M1 · 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
RESTAURANT Current
Est. value
$1.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.3M
RETAIL STORES
Est. value
$1.3M
RESTAURANT Current
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
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
1920
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
0.2 ac
Current owner
From public records · entity-resolved
Carbondale Apartment Group LLC
Entity
Free & Clear · 10 yrs held
Mailing address
PO BOX 411857, KANSAS CITY, MO 64141-1857
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 28, 2018
—
Carbondale Apartment Group LLC
—
Deed
related
$2,460,000 · Academy Bk
Jul 13, 2017
—
Carbondale Apartment Group LLC
—
Deed
related
$1,892,000 · 1st Midamerica Cu
Apr 19, 2017
—
Carbondale Apartment Group LLC
—
Deed
related
—
Mar 8, 2016
—
Carbondale Apartment Group LLC
—
Deed Of Trust
related
$1,357,375 · 1st Midamerica Cu
Jul 13, 2015
—
Carbondale Apartment Group LLC
Willsey Christopher M
Warranty Deed
related
—
—
—
Carbondale Apartment Group LLC
—
Loan Modification
related
—
—
—
Carbondale Apartment Group LLC
—
Loan Modification
related
$1,892,000 · 1st Midamerica Cu
—
—
Carbondale Apartment Group LLC
—
Deed Of Trust
related
$2,460,000 · Academy Bk
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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