Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    12204 Grand Avenue Kansas City, MO 64146

    View on Map
    For Sale
    $136,900

    LAND - Kansas City, MO

    Lot size:
    0.28 Acres
    Added:
    Jul 22, 2024
    Days on Market:
    621
    Last Refresh:
    Apr 3 at 3:06 am

    Property Features for 12204 Grand Avenue

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    RES
    Standard status
    Active
    APN
    65-530-08-33-00-0-00-000
    Lot size
    0.28 Acres

    Taxes and HOA fees

    TaxDescription
    THE WOODS OF SOMERSET---LOT 10
    TaxAnnualAmount
    594

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Kristin Malfer

    Listing agent Kristin Malfer License #SP00219943

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

    Listing date Jul 22, 2024

    MLS# 2495992

    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.

    Overview

    Residential Land in Kansas City

    This residential land is available for building a new home. Located in Kansas City, Missouri, the property is situated in The Woods of Somerset, a community conveniently located a few minutes south of I-435 and a few minutes east of State Line. This location provides easy access to Red Bridge, Leawood, and Overland Park for shopping, dining, and entertainment. The available lots are suitable for new homes starting from the mid to upper $600s and beyond. This particular lot sits on a cul-de-sac and has a size of 0.2813 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    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
    Platte
    State
    Missouri
    Longitude
    -94.592204
    Latitude
    38.905234

    Nearby Similar for Sale

    • $325,000

      Restaurant Opportunity in Kansas City

      Equipped restaurant and real estate for sale in Kansas City.
      6836 Prospect Avenue, Kansas City, MO 64132
      View Details
    • $599,000

      Versatile Commercial Property Near Truman Complex

      Flex commercial space with redevelopment potential near major highways.
      3516 Blue Ridge Cut Off, Kansas City, MO 64133
      View Details
    • $500,000

      Prime Infill Development Opportunity

      Tax-advantaged land parcel in Kansas City's evolving core.
      3006 Cherry Street, Kansas City, MO 64108
      View Details
    • $1,250,000

      Blue Ridge Blvd Redevelopment Portfolio

      Three properties on Blue Ridge Blvd near HWY 49.
      11810 Blue Ridge Boulevard, Kansas City, MO 64134
      View Details
    • $395,000

      Kansas City Development Opportunity

      Commercial land in prime location with mixed-use potential.
      508 E 31st Street, Kansas City, MO 64108
      View Details
    • $425,000

      Midtown Corner-Lot Development Opportunity

      Corner lot in Midtown with high visibility and design versatility.
      300 E Linwood Boulevard, Kansas City, MO 64111
      View Details
    • $250,000

      Commercial Property with Avenue Views

      Two buildings in mixed-use development area with parking.
      6909 Prospect Avenue, Kansas City, MO 64132
      View Details
    • $350,000

      Auto Shop on High-Traffic Thoroughfare

      Well-equipped auto repair shop and used car lot for sale.
      1201 Van Brunt Boulevard, Kansas City, MO 64127
      View Details
    • $349,000

      Kansas City Multifamily Investment Opportunity

      Four-unit multifamily property with income and short-term rental potential.
      8612 COUNTRYSHIRE Lane, Kansas City, MO 64138
      View Details
    • $695,000

      Industrial Building with Fenced Yard

      Move-in-ready warehouse/shop with outdoor storage in established industrial corridor.
      7900 E 17th Street, Kansas City, MO 64126
      View Details
    • $325,000

      Turnkey Duplex in Kansas City

      All-brick duplex with immediate rental income in a prime location.
      8021 Holmes Road, Kansas City, MO 64134
      View Details
    • $150,000

      Land in Parkville Area

      Acreage on outer road along I-29 in Parkville area.
      6217 NW Roanridge Road, Kansas City, MO 64151
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential land for new home construction in convenient location.
    Where is this residential land & home lot located?
    The property is located at 12204 Grand Avenue Kansas City, MO.
    What is the asking price?
    The asking price for this property is $136,900.
    What are key features of this property?
    This property features: New homes available, allowing for customization and modern design.; Convenient location near I‑435 and State Line, providing easy access to major areas.; Proximity to Red Bridge, Leawood, and Overland Park for shopping, dining, and entertainment.
    (816) 536-0545
    We can help!
    Listing Contact
    Kristin Malfer
    Real Estate License ID: SP00219943
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!