Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$950,000
Garden apartment buildings
501 Tudor Rd 1 Lees Summit, MO 64086-5721
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US48-0825402
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2000
Construction
WOOD
Total area
6,400 SF
Lot
23.63 ac (1,029,323 SF)
APN
52-830-01-09
UPID
US48-0825402
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
-
Acuff Photographic Art Photography Service (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$945k
Comparable Approach
Comparable
$959k
Blend (final)
Blend
$950k
Owner & transaction history
Cf Summit Ridge Mutlifamily Dst · 1 yrs held
Cf Summit Ridge Mutlifamily Dst
since 2024
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.1M
+74.0%
Office building
$740,000
+13.5%
Industrial (general)
$705,000
+8.3%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,020,000
6.5%
$945,000
7%
$875,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$655,000
Current use
COMMERCIAL (GENERAL)
$1,135,000
Change: +74% · Conversion: Moderate
OFFICE BUILDING
$740,000
Change: +13% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$705,000
Change: +8% · Conversion: Difficult
RESTAURANT
$695,000
Change: +6% · Conversion: Difficult
AUTO REPAIR, GARAGE
$660,000
Change: +1% · Conversion: Difficult
RETAIL STORES
$590,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$950k
Range $855k – $1.05M · ±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
$148 / 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
$694,599
Tax year 2024
Assessed value
$9,690,000
Assessed 2024
Previous assessed
$9,690,000
+0.0% YoY
Effective rate
7.17%
On assessed value
Assessed land
$408,291
Assessed improvement
$9,281,709
Total market value
$51,000,000
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
2000
Construction
WOOD
Heating
YES
Cooling
AC.PACKAGE
Buildings
7
Stories
3
Total area
6,400 SF
Lot
23.63 ac (1,029,323 SF)
APN
52-830-01-09
UPID
US48-0825402
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
$655,000
COMMERCIAL (GENERAL)
Est. value
$1.1M
OFFICE BUILDING
Est. value
$740,000
INDUSTRIAL (GENERAL)
Est. value
$705,000
RESTAURANT
Est. value
$695,000
AUTO REPAIR, GARAGE
Est. value
$660,000
RETAIL STORES
Est. value
$590,000
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
INDUSTRIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
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
2000
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
3
Buildings
7
Lot
23.63 ac
Current owner
From public records · entity-resolved
Cf Summit Ridge Mutlifamily Dst
Individual
Mailing address
400 LOCUST ST STE #790, DES MOINES, IA 50309-2347
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 25, 2024
—
Cf Summit Ridge Mutlifamily Dst
Jvm Summit Ridge Apartments LLC
Special Warranty Deed
$50,178,000 · Berkeley Point Capital LLC
Sep 7, 2018
—
Jvm Summit Ridge Apts LLC
Mrei III Summit Ridge LLC
Grant Deed
$48,400,000 · Pnc Bk
Mar 3, 2015
—
Mrei III Summit Ridge LLC
Summit Ridge Partners LLC
Quit Claim Deed
related
$39,000,000 · Hsbc Bk USA NA
Jun 19, 2008
—
Amliws Summit Ridge LLC
—
Trustees Deed
related
$20,000,000 · Northwestern Mutual Life Ins
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 501 Tudor Rd, Unit 1?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
