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Property profile & analytics
OFF-MARKET
Estimated value
$2,490,000
High-rise multifamily apartments
660 Spg St 101 Independence, MO 64050-2717
Individually Owned
8-yr Hold
Free & Clear
Property ID
US48-0702393
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1974
Construction
FRAME
Total area
13,155 SF
Lot
3.78 ac (164,657 SF)
APN
26-220-17-01
UPID
US48-0702393
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
-
Gumerman Engineering Co Engineering Consultant
-
Heritage House - MO Apartment Complex
-
Faye's Art Table Artist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.13M
Comparable Approach
Comparable
$2.86M
Blend (final)
Blend
$2.49M
Owner & transaction history
Midtown Of Truman Road Corridor R · 8 yrs held
Midtown Of Truman Road Corridor R
since 2018
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.9M
+44.7%
Retail stores
$2.1M
+6.1%
Auto repair, garage
$2.1M
+5.0%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$2,300,000
6.5%
$2,125,000
7%
$1,970,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,975,000
Current use
COMMERCIAL (GENERAL)
$2,855,000
Change: +45% · Conversion: Moderate
RETAIL STORES
$2,095,000
Change: +6% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,075,000
Change: +5% · Conversion: Difficult
RESTAURANT
$2,050,000
Change: +4% · Conversion: Difficult
OFFICE BUILDING
$1,695,000
Change: -14% · Conversion: Moderate
Blend value · Realmo final
$2.49M
Range $2.24M – $2.74M · ±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
$189 / 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
$1,225
Tax year 2024
Assessed value
$2,739,800
Assessed 2024
Previous assessed
$2,739,800
+0.0% YoY
Effective rate
0.04%
On assessed value
Assessed land
$28,272
Assessed improvement
$2,711,528
Total market value
$14,420,000
Applied tax rate
9.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1974
Construction
FRAME
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Total area
13,155 SF
Lot
3.78 ac (164,657 SF)
APN
26-220-17-01
UPID
US48-0702393
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
$2.0M
COMMERCIAL (GENERAL)
Est. value
$2.9M
RETAIL STORES
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$2.1M
RESTAURANT
Est. value
$2.1M
OFFICE BUILDING
Est. value
$1.7M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
RESTAURANT
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
1974
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Lot
3.78 ac
Current owner
From public records · entity-resolved
Midtown Of Truman Road Corridor R
Individual
Free & Clear · 8 yrs held
Mailing address
261 GORHAM RD, SOUTH PORTLAND, ME 04106-2408
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 22, 2018
—
Midtown Of Truman Road Corridor R
Heritage Green LP
Quit Claim Deed
related
—
Feb 27, 2017
—
Heritage Green LP
—
Deed
related
—
Dec 20, 2016
—
Heritage Green LP
Heritage Preservation LLC
Quit Claim Deed
related
—
Dec 6, 2016
—
Heritage Green LP
Heritage Preservation LLC
Quit Claim Deed
related
$7,385,600 · Red Mtg Cap
Aug 24, 2015
—
Heritage Preservation LLC
Center Place Improvement INC
Quit Claim Deed
related
$4,065,000 · Pnc Bk
—
—
Heritage Green LP
—
Loan Modification
related
—
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
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