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Property profile & analytics
OFF-MARKET
Estimated value
$4,980,000
Grocery and convenience stores
621 Carondelet Dr, Kansas City, MO 64114-4670
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US48-2684771
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1986
Construction
WOOD
Total area
55,444 SF
Lot
5.17 ac (225,205 SF)
APN
48-940-05-13
UPID
US48-2684771
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
-
Israel Nancy B MD Physician
-
John T. Parry, PTA Physician
-
Ignite Medical Resort Carondelet Health Resort Assisted Living Facility
-
Ashley Simpson Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.10M
Blend (final)
Blend
$4.98M
Owner & transaction history
Ignite Carondelet Property LLC · 5 yrs held
Ignite Carondelet Property LLC
since 2021
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$7.3M
+260.9%
Retail stores
$6.3M
+211.9%
Restaurant
$6.3M
+211.5%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$7,330,000
Change: +261% · Conversion: Difficult
RETAIL STORES
$6,330,000
Change: +212% · Conversion: Easy
RESTAURANT
$6,325,000
Change: +212% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,110,000
Change: +201% · Conversion: Easy
INDUSTRIAL (GENERAL)
$4,640,000
Change: +129% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$4,640,000
Change: +129% · Conversion: Difficult
OFFICE BUILDING
$4,555,000
Change: +124% · Conversion: Moderate
Blend value · Realmo final
$4.98M
Range $4.48M – $5.48M · ±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
$90 / 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
$74,763
Tax year 2024
Assessed value
$988,247
Assessed 2024
Previous assessed
$988,247
+0.0% YoY
Effective rate
7.57%
On assessed value
Assessed land
$253,954
Assessed improvement
$734,293
Total market value
$5,201,300
Applied tax rate
7.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1986
Construction
WOOD
Heating
NONE
Cooling
AC.PACKAGE
Stories
1
Total area
55,444 SF
Lot
5.17 ac (225,205 SF)
APN
48-940-05-13
UPID
US48-2684771
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
AUTO REPAIR, GARAGE
Est. value
$7.3M
RETAIL STORES
Est. value
$6.3M
RESTAURANT
Est. value
$6.3M
COMMERCIAL (GENERAL)
Est. value
$6.1M
INDUSTRIAL (GENERAL)
Est. value
$4.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.6M
OFFICE BUILDING
Est. value
$4.6M
AUTO REPAIR, GARAGE
RETAIL STORES
RESTAURANT
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1986
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Lot
5.17 ac
Current owner
From public records · entity-resolved
Ignite Carondelet Property LLC
Entity
Mailing address
3701 W LUNT AVE, LINCOLNWOOD, IL 60712-2615
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 15, 2021
—
Ignite Carondelet Property LLC
I V Missouri Property Holdings LLC
Special Warranty Deed
$1,000,000 · Cibc Bank USA
Mar 12, 2021
—
I V Missouri Property Holdings LLC
Carondelet Health
Special Warranty Deed
—
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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