Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Parallel Parkway Development Opportunity Title is generated by Realmo AI

    11530 parallel Parkway, Kansas City, KS 66109

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    COMMERCIAL - Kansas City, KS

    Lot size:
    41.00 Acres
    Added:
    Jan 7, 2023
    Days on Market:
    1221
    Last Refresh:
    May 12 at 6:06 pm

    Property Features for 11530 parallel Parkway

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    agri
    Fencing
    Barbed Wire
    Standard status
    Active
    APN
    951203
    Lot size
    41.00 Acres

    Taxes and HOA fees

    Tax Annual Amount
    3500

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Additional Structures
    Residence

    We can help!

    Listing Contact
    Haley Epps

    Listing agent Haley Epps

    Listing office Compass Realty Group 900 W 48th Place Ste 120, Kansas City, KS

    Listing date Jan 7, 2023

    MLS# 2417222 Listing URL

    Copyright © 2026 Heartland Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 41+/- acre tract in the Parallel Parkway/Legends growth corridor.
    • Adjacent to the American Royal complex.
    • Direct frontage and visibility on Parallel Parkway.
    • Minutes from Kansas Speedway and Legends Outlets.
    • Suitable for mixed‑use, hospitality, entertainment, or institutional development.
    • Flexible transaction structures considered (sale, joint venture, or ground lease).

    Overview

    This strategically positioned 41+/- acre tract of land is located within the emerging Parallel Parkway / Legends growth corridor. It is adjacent to the American Royal complex and minutes from the Kansas Speedway and Legends Outlets. The property benefits from its proximity to the newly developed American Royal campus, which represents significant public and private investment. It also features direct frontage and visibility along Parallel Parkway, a primary east-west arterial serving western Wyandotte County, and immediate access to regional destinations including the Kansas Speedway, Legends Outlets, and Hollywood Casino. Its scale is sufficient for phased development or a single, cohesive master-planned project. The property is well-suited for users seeking adjacency to major regional destinations while remaining outside high-intensity core parcels, allowing flexibility in design, access, and long-term use. It offers exceptional long-term optionality for mixed-use, hospitality, entertainment, or institutional development. It is offered as a rare, large-scale development opportunity in one of Kansas City's most active growth corridors. Ownership will consider a range of transaction structures, including sale, joint venture, or long-term ground lease, with a preference for structures that preserve long-term ownership and participation in future upside.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Kansas City
    County
    Wyandotte
    State
    Kansas
    Longitude
    -94.847473
    Latitude
    39.129243

    Nearby Similar for Sale

    • $485,000

      Fenced Lot with Shop Building

      One-acre lot with office, shop, and lift; M-3 zoning.
      2450 Cheyenne Street, Kansas City, KS 66106
      View Details
    • $3,500,000

      Renovated Truck Shop on 2.13 Acres

      Renovated 7-bay truck shop with office on 2.13 acres.
      336 S 42nd Street, Kansas City, KS 66106
      View Details
    • $500,000

      Income-Producing Duplex Near Legends District

      Duplex in growing area near attractions with income potential.
      11123 - 11125 Leavenworth Road, Kansas City, KS 66109
      View Details
    • $350,000

      Versatile Commercial Property on Washington Blvd

      Three-unit commercial property suitable for various business types.
      1645 Washington Boulevard, Kansas City, KS 66102
      View Details
    • $350,000

      Commercial Property with Remodeled Retail

      Commercial property featuring remodeled retail space and multiple potential uses.
      7502 Nebraska Avenue, Kansas City, KS 66112
      View Details
    • $250,000

      Free-Standing Office Building Opportunity

      Office building in high-demand area with adaptable floor plans.
      1977 N 77th Street, Kansas City, KS 66112
      View Details
    • $350,000

      Mixed-Use Investment Opportunity

      Kansas City mixed-use property with residential and commercial units.
      1306 Wood Avenue, Kansas City, KS 66104
      View Details
    • $650,000

      Prime Commercial Land in Kansas

      7-acre wooded commercial lot with endless potential in Kansas.
      3138 N 59th Street, Kansas City, KS 66104
      View Details
    • $300,000

      Kansas City Acreage For Sale

      4.3 acres with road frontage near businesses in Kansas City.
      2600 N 109 Street, Kansas City, KS 66109
      View Details
    • $1,100,000

      High-Visibility Commercial Property in Kansas

      Commercial property with income potential in Kansas City.
      1320 N Central Avenue, Kansas City, KS 66102
      View Details
    • $500,000

      Remodeled Duplex Near The Legends

      Totally remodeled duplex with income potential near The Legends.
      3301-3303 N 103rd Terrace, Kansas City, KS 66109
      View Details
    • $950,000

      Residential Land in Kansas City, KS

      24+/- acre tract ideal for residential development or estate homesites.
      9817 Hollingsworth Road, Kansas City, KS 66109
      View Details

    FAQs

    What type of property is this?
    Commercial land - 41+/- acre tract in Kansas City's growth corridor.
    Where is this commercial land located?
    The property is located at 11530 parallel Parkway Kansas City, KS.
    What are key features of this property?
    This property features: 41+/- acre tract in the Parallel Parkway/Legends growth corridor.; Adjacent to the American Royal complex.; Direct frontage and visibility on Parallel Parkway.
    (913) 558-5958
    We can help!
    Listing Contact
    Haley Epps
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    11530 parallel Parkway, Kansas City, KS 66109
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!