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Property profile & analytics
OFF-MARKET
Estimated value
$590,000
High-rise multifamily apartments
905 Jefferson St 101, Kansas City, MO 64105-1344
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US48-0865268
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1961
Construction
WOOD
Total area
5,876 SF
Lot
1.06 ac (46,174 SF)
APN
29-310-27-02
UPID
US48-0865268
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
-
Ermine Case Junior Park Resort
-
Quality Hill Towers Apartment Complex Apartment Rental Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$620k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$590k
Owner & transaction history
Quality Hill Apartments LP · 10 yrs held
Quality Hill Apartments LP
since 2016
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$800,000
+160.5%
Restaurant
$775,000
+152.4%
Retail stores
$765,000
+149.2%
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
$620,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$800,000
Change: +160% · Conversion: Difficult
RESTAURANT
$775,000
Change: +152% · Conversion: Difficult
RETAIL STORES
$765,000
Change: +149% · Conversion: Difficult
COMMERCIAL (GENERAL)
$605,000
Change: +97% · Conversion: Moderate
WAREHOUSE, STORAGE
$520,000
Change: +69% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$490,000
Change: +60% · Conversion: Difficult
OFFICE BUILDING
$440,000
Change: +43% · Conversion: Moderate
Blend value · Realmo final
$590k
Range $531k – $649k · ±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
$51,353
Tax year 2024
Assessed value
$570,000
Assessed 2024
Previous assessed
$570,000
+0.0% YoY
Effective rate
9.01%
On assessed value
Assessed land
$124,925
Assessed improvement
$445,075
Total market value
$3,000,000
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
1961
Construction
WOOD
Heating
YES
Cooling
AC.PACKAGE
Stories
9
Units
200
Total area
5,876 SF
Lot
1.06 ac (46,174 SF)
APN
29-310-27-02
UPID
US48-0865268
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
$800,000
RESTAURANT
Est. value
$775,000
RETAIL STORES
Est. value
$765,000
COMMERCIAL (GENERAL)
Est. value
$605,000
WAREHOUSE, STORAGE
Est. value
$520,000
INDUSTRIAL (GENERAL)
Est. value
$490,000
OFFICE BUILDING
Est. value
$440,000
AUTO REPAIR, GARAGE
RESTAURANT
RETAIL STORES
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
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
1961
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
9
Units
200
Lot
1.06 ac
Current owner
From public records · entity-resolved
Quality Hill Apartments LP
Entity
Mailing address
1251 AVE OF THE AMERICAS, NEW YORK, NY 10020-0083
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 13, 2016
—
Quality Hill Apartments LP
Quality Hill Twrs Assocs LP
Quit Claim Deed
related
$9,300,000 · Berkadia Com'l Mtg
Dec 31, 2015
—
Bre Quality Hill LLC
Quality Hill Towers Assocs LP
Quit Claim Deed
related
—
—
—
Quality Hill Towers Assocs LP
—
Deed Of Trust
related
$730,000 · Mitchell Bleznak
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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