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Property profile & analytics
OFF-MARKET
Strip malls
450 Ward Rd, Lees Summit, MO 64081-2447
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US48-3332766
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2004
Construction
WOOD
Total area
6,124 SF
Lot
0.76 ac (33,106 SF)
Zoning code
COMM
APN
62-610-02-77
UPID
US48-3332766
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Cedar Creek Shops LLC · 4 yrs held
Cedar Creek Shops LLC
since 2022
7 recorded transactions
Zoning & alternative use
COMM · Lees Summit, MO
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 Lees Summit submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lees Summit 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$19,276
Tax year 2024
Assessed value
$224,000
Assessed 2024
Previous assessed
$387,648
-42.2% YoY
Effective rate
8.61%
On assessed value
Assessed land
$160,000
Assessed improvement
$64,000
Total market value
$700,000
Applied tax rate
49.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2004
Construction
WOOD
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Total area
6,124 SF
Lot
0.76 ac (33,106 SF)
Zoning code
COMM
APN
62-610-02-77
UPID
US48-3332766
Jurisdiction
JACKSON
Zoning & alternative use
COMM · Lees Summit, MO
Zoning COMM · permitted uses
COMM · Lees Summit, MO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lees Summit. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2004
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
0.76 ac
Current owner
From public records · entity-resolved
Cedar Creek Shops LLC
Entity
Mailing address
PO BOX 24193, OVERLAND PARK, KS 66283-4193
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 1, 2022
—
Cedar Creek Shops LLC
Cfc Squared
Warranty Deed
$656,000 · Union Bank & Trust Co
Feb 27, 2018
—
Cfc Squared LLC
—
Deed
related
$203,727 · Security Bk/ks Cty
Feb 6, 2018
—
Cfc Squared LLC
Pks LLC
Grant Deed
related
—
Feb 1, 2018
—
Cfc Squared
Pks LLC
Warranty Deed
related
—
Jun 13, 2016
—
Pks LLC
—
Deed
related
$257,800 · Academy Bk
—
—
Pks LLC
—
Deed Of Trust
related
$650,000 · Summit Bk/kansas City
—
—
Pks LLC
—
Deed Of Trust
related
$616,000 · Bank Midwest NA
—
—
Pks LLC
—
Deed Of Trust
related
$1,020,000 · Bank Midwest NA
—
—
Pks LLC
—
Deed Of Trust
related
$257,800 · Academy Bk
—
—
Fp LLC
—
Deed Of Trust
related
$170,000 · Gold Bk
—
—
Cfc Squared LLC
—
Deed Of Trust
related
$203,727 · Security Bk/ks Cty
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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