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Property profile & analytics
OFF-MARKET
Estimated value
$620,000
Garden apartment buildings
4601 Eastland Ctr Dr 111 Independence, MO 64055-7802
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US48-0430583
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2007
Construction
WOOD
Total area
3,843 SF
Lot
15.11 ac (658,192 SF)
APN
34-510-03-08
UPID
US48-0430583
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
$610k
CAP Approach
CAP
$620k
Comparable Approach
Comparable
$629k
Blend (final)
Blend
$620k
Owner & transaction history
Jvm Dunes Apartments LLC · 14 yrs held
Jvm Dunes Apartments LLC
since 2012
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$560,000
+5.4%
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
$610,000
CAP Approach
CAP Return
Estimation
6%
$670,000
6.5%
$620,000
7%
$575,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$530,000
Current use
COMMERCIAL (GENERAL)
$560,000
Change: +5% · Conversion: Moderate
AUTO REPAIR, GARAGE
$470,000
Change: -11% · Conversion: Difficult
OFFICE BUILDING
$435,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$620k
Range $558k – $682k · ±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
$161 / 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
$389,250
Tax year 2024
Assessed value
$5,795,000
Assessed 2024
Previous assessed
$5,795,000
+0.0% YoY
Effective rate
6.72%
On assessed value
Assessed land
$959,918
Assessed improvement
$4,835,082
Total market value
$30,500,000
Applied tax rate
38.0000
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
2007
Construction
WOOD
Heating
YES
Cooling
AC.PACKAGE
Buildings
6
Stories
1
Total area
3,843 SF
Lot
15.11 ac (658,192 SF)
APN
34-510-03-08
UPID
US48-0430583
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
$530,000
COMMERCIAL (GENERAL)
Est. value
$560,000
AUTO REPAIR, GARAGE
Est. value
$470,000
OFFICE BUILDING
Est. value
$435,000
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
2007
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
6
Lot
15.11 ac
Current owner
From public records · entity-resolved
Jvm Dunes Apartments LLC
Entity
Mailing address
PO BOX 6494, CHICAGO, IL 60680-6494
Ownership since
2012
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
Oct 18, 2019
—
Jvm Dunes Apartments LLC
—
Grant Deed
related
$24,500,000 · Miscellaneous Ins Co
Oct 13, 2016
—
Jvm Dunes Apartments LLC
—
Deed
related
$22,850,000 · Jp Morgan Chase Bk
Mar 16, 2012
—
Jvm Dunes Apartments LLC
Eastland Center Owner LLC
Trustees Deed
$16,100,000 · Cw Capital
May 20, 2011
—
Eastland Center Owner LLC
Bc Eastland Center LLC
Quit Claim Deed
related
$16,100,000 · Cwcapital LLC
—
—
Jvm Dunes Apartments LLC
—
Deed Of Trust
related
$22,850,000 · Jp Morgan Chase 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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