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Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Hotels
4032 Lynn Ct Dr Independence, MO 64055-3360
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US48-0818012
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1983
Construction
WOOD
Total area
9,160 SF
Lot
1.61 ac (70,132 SF)
APN
33-230-01-58-01
UPID
US48-0818012
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
-
Pizza hut Restaurant
-
Super 8 by Wyndham Independence Kansas City Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$585k
CAP Approach
CAP
$705k
Comparable Approach
Comparable
$536k
Blend (final)
Blend
$560k
Owner & transaction history
Hp Management INC · 6 yrs held
Hp Management INC
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$900,000
+49.7%
Retail stores
$890,000
+47.8%
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 Independence submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Independence 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
$585,000
CAP Approach
CAP Return
Estimation
6%
$765,000
6.5%
$705,000
7%
$655,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$600,000
Current use
INDUSTRIAL (GENERAL)
$900,000
Change: +50% · Conversion: Difficult
RETAIL STORES
$890,000
Change: +48% · Conversion: Difficult
Blend value · Realmo final
$560k
Range $504k – $616k · ±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
$61 / 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
$41,857
Tax year 2024
Assessed value
$509,984
Assessed 2024
Previous assessed
$509,984
+0.0% YoY
Effective rate
8.21%
On assessed value
Assessed land
$353,088
Assessed improvement
$156,896
Total market value
$1,593,700
Applied tax rate
9.0000
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1983
Construction
WOOD
Heating
YES
Cooling
AC.PACKAGE
Stories
3
Total area
9,160 SF
Lot
1.61 ac (70,132 SF)
APN
33-230-01-58-01
UPID
US48-0818012
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
HOTEL/MOTEL Current
Est. value
$600,000
INDUSTRIAL (GENERAL)
Est. value
$900,000
RETAIL STORES
Est. value
$890,000
HOTEL/MOTEL Current
INDUSTRIAL (GENERAL)
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
1983
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
3
Lot
1.61 ac
Current owner
From public records · entity-resolved
Hp Management INC
Entity
Mailing address
6648 NIEMAN RD, SHAWNEE, KS 66203-3330
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 12, 2019
—
Hp Management INC
Independence Lodging Co INC
Correction Deed
related
—
Sep 5, 2019
—
Hp Management INC
Independence Lodging Co INC
Grant Deed
$2,175,000 · Blue Ridge Bk
Apr 12, 2018
—
Deepak Parmar
—
Deed
related
—
Nov 16, 2016
—
Independence Lodging Co
—
Deed
related
$2,100,000 · Central Bk/the Midwest
Sep 18, 2003
—
Independence Lodging Co INC
Motels Of America LLC
Grant Deed
$1,340,000 · Northstar Bank
Sep 17, 2003
—
Motels Of America LLC
—
Deed Of Trust
related
$137,250,000 · Istar Financial INC
—
—
Independence Lodging Co
—
Deed Of Trust
related
$1,340,000 · First Financial Bank NA
—
—
Independence Lodging Co
—
Deed Of Trust
related
$2,100,000 · Central Bk/the Midwest
—
—
Deepak Parmar
—
Deed Of Trust
related
—
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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