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Property profile & analytics
OFF-MARKET
Estimated value
$1,185,000
High-rise multifamily apartments
811 Armour Blvd 101, Kansas City, MO 64109-2313
Individually Owned
13-yr Hold
Property ID
US48-0055576
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1922
Construction
WOOD
Total area
11,851 SF
Lot
0.42 ac (18,295 SF)
APN
30-210-03-01
UPID
US48-0055576
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
-
Ricardo Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.24M
Blend (final)
Blend
$1.19M
Owner & transaction history
Indl Expansion Author Planned · 13 yrs held
Indl Expansion Author Planned
since 2013
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
$1.6M
+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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,445,000
Current use
AUTO REPAIR, GARAGE
$1,815,000
Change: +26% · Conversion: Difficult
RESTAURANT
$1,560,000
Change: +8% · Conversion: Difficult
RETAIL STORES
$1,375,000
Change: -5% · Conversion: Difficult
OFFICE BUILDING
$1,190,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$1.19M
Range $1.07M – $1.30M · ±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
$100 / 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
$279
Tax year 2024
Assessed value
$247,779
Assessed 2024
Previous assessed
$247,779
+0.0% YoY
Effective rate
0.11%
On assessed value
Assessed land
$6,251
Assessed improvement
$241,528
Total market value
$1,304,100
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
1922
Construction
WOOD
Heating
YES
Cooling
AC.PACKAGE
Stories
4
Units
66
Total area
11,851 SF
Lot
0.42 ac (18,295 SF)
APN
30-210-03-01
UPID
US48-0055576
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
$1.6M
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
1922
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
4
Units
66
Lot
0.42 ac
Current owner
From public records · entity-resolved
Indl Expansion Author Planned
Individual
Mailing address
40 N DEAN ST FL, ENGLEWOOD, NJ 07631-2807
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 5, 2013
—
Indl Expansion Author Planned
Commonwealth Holdings I LLC
Quit Claim Deed
related
—
Dec 23, 2011
—
Commonwealth Holdings 1 LLC
—
Grant Deed
related
$32,000,000 · Industrial Dev Auth
Jun 30, 2010
—
Homestead-kc LLC
Kci-armour Properties LLC
Grant Deed
$1,295,000 · First Botson Mtg Secs #2004-c5
Aug 19, 2004
—
Kci-armour Properties LLC
Brimshair LLC
Warranty Deed
$1,295,000 · Column Financial INC
May 11, 1999
—
Brimshair LLC
Homestead LLC
Grant Deed
$500,000 · Column Financial INC
—
—
Commonwealth Holdings I LLC|214 E Armour Boulevard
—
Deed Of Trust
related
$33,500,000 · Wells Fargo Bk
—
—
Commonwealth Holdings I LLC
—
Deed Of Trust
related
$25,600,000 · Wells Fargo Bk
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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