New search
Property profile & analytics
OFF-MARKET
Estimated value
$960,000
High-rise multifamily apartments
640 Armour Blvd, Kansas City, MO 64109-2285
Entity Owned
19-yr Hold
Absentee Owner
Property ID
US48-3281410
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1951
Construction
CONCRETE
Total area
5,819 SF
Lot
0.64 ac (27,878 SF)
APN
29-840-28-10
UPID
US48-3281410
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
-
Six40 Apartments Apartment Building
-
PHARMNUTRI (Bike/Boat/Book/etc) Store Pharmacy
-
Driver: Kansas City Freight Service Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$960k
Comparable Approach
Comparable
$963k
Blend (final)
Blend
$960k
Owner & transaction history
640 East Armour LLC · 19 yrs held
640 East Armour LLC
since 2006
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$890,000
+25.6%
Restaurant
$765,000
+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%
$1,040,000
6.5%
$960,000
7%
$895,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$710,000
Current use
AUTO REPAIR, GARAGE
$890,000
Change: +26% · Conversion: Difficult
RESTAURANT
$765,000
Change: +8% · Conversion: Difficult
RETAIL STORES
$675,000
Change: -5% · Conversion: Difficult
OFFICE BUILDING
$585,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$960k
Range $864k – $1.06M · ±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
$34,151
Tax year 2024
Assessed value
$436,829
Assessed 2024
Previous assessed
$436,829
+0.0% YoY
Effective rate
7.82%
On assessed value
Assessed land
$9,234
Assessed improvement
$427,595
Total market value
$2,299,100
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
1951
Construction
CONCRETE
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
81
Total area
5,819 SF
Lot
0.64 ac (27,878 SF)
APN
29-840-28-10
UPID
US48-3281410
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
$710,000
AUTO REPAIR, GARAGE
Est. value
$890,000
RESTAURANT
Est. value
$765,000
RETAIL STORES
Est. value
$675,000
OFFICE BUILDING
Est. value
$585,000
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
1951
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
1
Units
81
Lot
0.64 ac
Current owner
From public records · entity-resolved
640 East Armour LLC
Entity
Mailing address
32 N DEAN ST, ENGLEWOOD, NJ 07631-2807
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 11, 2013
—
East Armour 701 LLC
—
Deed Of Trust
related
$12,068,000 · Wells Fargo Bank
Mar 31, 2010
—
640 East Armour LLC
—
Deed Of Trust
related
$7,976,842 · Privatebank & Trust
Jan 27, 2010
—
East Armour 701 LLC
—
Deed Of Trust
related
$8,500,000 · Cibc INC
Oct 26, 2007
—
East Armour 701 LLC
—
Grant Deed
related
$8,500,000 · Cibc
Aug 1, 2006
—
640 East Armour LLC
Twin Oaks Tower Apartments
Grant Deed
related
—
Jan 8, 2002
—
Kelvin L Walls
Walls,kelvin L
Quit Claim Deed
related
$200,000 · Mutual Mortgage
Dec 13, 2001
—
Twin Oaks Tower Apartments
—
Deed Of Trust
related
$1,000,000 · Irwin Union Bank Fsb
—
—
Kelvin L Walls
—
Deed Of Trust
related
$412,500 · Mutual Mortgage
—
—
Kelvin L Walls
—
Deed Of Trust
related
$148,500 · Mutual Mortgage
—
—
Frank M Dethlefsen
—
Deed Of Trust
related
$13,300 · Bank Of America
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 640 Armour Blvd?
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.
