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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Office buildings
908 Broadway Blvd, Kansas City, MO 64105-1538
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US48-1475332
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1920
Construction
WOOD
Total area
4,515 SF
Lot
0.12 ac (5,227 SF)
APN
29-310-29-18
UPID
US48-1475332
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
-
Google 908 Broadway (Bike/Boat/Book/etc) Store Corporate Office
-
ER Marketing Marketing & Advertising Advertising Agency
-
BGR Consulting Engineers Engineer
-
Coury Hospitality Corporate Office
-
Google Office Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$570k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$494k
Blend (final)
Blend
$535k
Owner & transaction history
Depot Square Apartments LLC · 8 yrs held
Depot Square Apartments LLC
since 2017
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$615,000
+82.5%
Retail stores
$590,000
+74.6%
Commercial (general)
$465,000
+38.3%
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
$570,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$335,000
Current use
AUTO REPAIR, GARAGE
$615,000
Change: +82% · Conversion: Difficult
RETAIL STORES
$590,000
Change: +75% · Conversion: Moderate
COMMERCIAL (GENERAL)
$465,000
Change: +38% · Conversion: Easy
WAREHOUSE, STORAGE
$400,000
Change: +18% · Conversion: Difficult
Blend value · Realmo final
$535k
Range $482k – $589k · ±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
$118 / 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
$93,711
Tax year 2024
Assessed value
$969,216
Assessed 2024
Previous assessed
$969,216
+0.0% YoY
Effective rate
9.67%
On assessed value
Assessed land
$126,720
Assessed improvement
$842,496
Total market value
$3,028,800
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1920
Construction
WOOD
Heating
YES
Cooling
AC.PACKAGE
Stories
5
Total area
4,515 SF
Lot
0.12 ac (5,227 SF)
APN
29-310-29-18
UPID
US48-1475332
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
OFFICE BUILDING Current
Est. value
$335,000
AUTO REPAIR, GARAGE
Est. value
$615,000
RETAIL STORES
Est. value
$590,000
COMMERCIAL (GENERAL)
Est. value
$465,000
WAREHOUSE, STORAGE
Est. value
$400,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
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
1920
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
5
Lot
0.12 ac
Current owner
From public records · entity-resolved
Depot Square Apartments LLC
Entity
Mailing address
PO BOX 328, BOULDER, CO 80306-0328
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 8, 2017
—
Depot Square Apartments LLC
Hem Moorefield LLC
Grant Deed
$3,845,000 · Public Svc Cu
Jun 5, 2015
—
Hem Moorefield LLC
908zip LLC
Grant Deed
related
—
—
—
Depot Square Apartments LLC
—
Deed Of Trust
related
$3,747,332 · Canvas Cu
—
—
Land Clearance Of Redev Authority
—
Loan Modification
related
$392,000 · Country Club 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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