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Property profile & analytics
OFF-MARKET
Estimated value
$1,930,000
High-rise multifamily apartments
525 Armour Blvd, Kansas City, MO 64109-2219
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US48-0366787
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1920
Construction
CONCRETE
Total area
11,673 SF
Lot
0.42 ac (18,295 SF)
APN
30-210-07-01
UPID
US48-0366787
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
-
The Newbern Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.93M
Comparable Approach
Comparable
$1.93M
Blend (final)
Blend
$1.93M
Owner & transaction history
Apartments Of Newbern LLC · 10 yrs held
Apartments Of Newbern LLC
since 2015
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.8M
+25.6%
Restaurant
$1.5M
+8.2%
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%
$2,090,000
6.5%
$1,930,000
7%
$1,790,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,420,000
Current use
AUTO REPAIR, GARAGE
$1,785,000
Change: +26% · Conversion: Difficult
RESTAURANT
$1,540,000
Change: +8% · Conversion: Difficult
RETAIL STORES
$1,355,000
Change: -5% · Conversion: Difficult
OFFICE BUILDING
$1,170,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$1.93M
Range $1.74M – $2.12M · ±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
$165 / 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
$275
Tax year 2024
Assessed value
$1,501,000
Assessed 2024
Previous assessed
$1,795,519
-16.4% YoY
Effective rate
0.02%
On assessed value
Assessed land
$5,909
Assessed improvement
$1,495,091
Total market value
$7,900,000
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
1920
Construction
CONCRETE
Heating
YES
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Total area
11,673 SF
Lot
0.42 ac (18,295 SF)
APN
30-210-07-01
UPID
US48-0366787
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
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.8M
RESTAURANT
Est. value
$1.5M
RETAIL STORES
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
RESTAURANT
RETAIL STORES
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
1920
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
0.42 ac
Current owner
From public records · entity-resolved
Apartments Of Newbern LLC
Entity
Mailing address
32 N DEAN ST, ENGLEWOOD, NJ 07631-2807
Mailing matches property
Yes
Owner-occupied
Yes
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
Mar 24, 2017
—
Apartments Of Newbern LLC
—
Grant Deed
related
$10,725,000 · Wells Fargo Bk
Sep 22, 2015
—
Apartments Of Newbern LLC
Planned Indl Expansion Author
Quit Claim Deed
related
—
May 3, 2013
—
Apartments Of Newbern LLC
Adj Financial LLC
Grant Deed
related
—
Jan 10, 2012
$225,000
Adj Financial LLC
Adj Trustee LLC
Trustees Deed
related
—
Jun 24, 2010
—
Newbern Apartments LLC
Naji,mohamad A & Hala K
Warranty Deed
related
—
Mar 2, 2010
—
Mohamad A Naji
—
Deed Of Trust
related
$5,000,000 · Nawal Albitar
—
—
Adj Financial LLC
—
Deed Of Trust
related
$598,500 · Siba H Makkaoui
—
—
Adj Financial LLC
—
Deed Of Trust
related
$5,500,000 · Sold Investments LLC
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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