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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Garden apartment buildings
8701 Chestnut Cir 1, Kansas City, MO 64131-2805
Entity Owned
17-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US48-0195967
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1967
Construction
WOOD
Total area
4,740 SF
Lot
17.95 ac (781,902 SF)
Zoning code
R4
APN
48-240-02-24
UPID
US48-0195967
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
-
Ridge at Chestnut Apartments Real Estate Agency
-
Chestnut Hills Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$490k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$547k
Blend (final)
Blend
$515k
Owner & transaction history
Bp Chestnut Az 2 LLC · 17 yrs held
Bp Chestnut Az 2 LLC
since 2008
2 recorded transactions
Zoning & alternative use
R4 · Kansas City, MO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$845,000
+110.5%
Retail stores
$685,000
+71.5%
Commercial (general)
$520,000
+30.4%
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
$490,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$400,000
Current use
AUTO REPAIR, GARAGE
$845,000
Change: +110% · Conversion: Difficult
RETAIL STORES
$685,000
Change: +71% · Conversion: Difficult
COMMERCIAL (GENERAL)
$520,000
Change: +30% · Conversion: Moderate
OFFICE BUILDING
$505,000
Change: +27% · Conversion: Moderate
WAREHOUSE, STORAGE
$395,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$515k
Range $464k – $567k · ±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
$109 / 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
$169,015
Tax year 2024
Assessed value
$2,234,115
Assessed 2024
Previous assessed
$2,234,115
+0.0% YoY
Effective rate
7.57%
On assessed value
Assessed land
$269,515
Assessed improvement
$1,964,600
Total market value
$11,758,500
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1967
Construction
WOOD
Heating
YES
Cooling
AC.PACKAGE
Buildings
6
Stories
1
Total area
4,740 SF
Lot
17.95 ac (781,902 SF)
Zoning code
R4
APN
48-240-02-24
UPID
US48-0195967
Jurisdiction
JACKSON
Zoning & alternative use
R4 · Kansas City, MO
Zoning R4 · permitted uses
R4 · Kansas City, MO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Kansas City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$400,000
AUTO REPAIR, GARAGE
Est. value
$845,000
RETAIL STORES
Est. value
$685,000
COMMERCIAL (GENERAL)
Est. value
$520,000
OFFICE BUILDING
Est. value
$505,000
WAREHOUSE, STORAGE
Est. value
$395,000
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
OFFICE BUILDING
WAREHOUSE, STORAGE
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
1967
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
6
Lot
17.95 ac
Current owner
From public records · entity-resolved
Bp Chestnut Az 2 LLC
Entity
Mailing address
2195 N STATE HWY 83RD STE 14B, FRANKTOWN, CO 80116-9604
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
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
Sep 5, 2008
—
Bp Chestnut Az 2 LLC
Ses Bp Chestnut LLC
Quit Claim Deed
related
$13,600,000 · Federal Home Loan Mortgage Cor
Mar 10, 2008
—
Ses Bp Chestnut LLC
Chestnut Hill LLC
Quit Claim Deed
related
$13,600,000 · Northmarq Capital INC
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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