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    The Largest CRE Database in the US with Over 1 Million Listings

    2907-2911 Forest Ave Kansas City, MO 64109

    View on Map
    Sponsored
    For Sale
    $999,999

    MULTI_FAMILY - Kansas City, MO

    Lot size:
    0.04 Acres
    Days on Market:
    7
    Last Refresh:
    Mar 17 at 8:06 am

    Property Features for 2907-2911 Forest Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Property condition
    Under Construction
    Standard status
    Active
    Zoning
    R-1.5
    APN
    999999
    Parking
    2
    Parking features
    Garage
    Patio and Porch features
    Patio
    Exterior features
    Balcony
    Appliances
    Dishwasher, Disposal, Dryer, Refrigerator, Electric Range, Washer
    Lot size
    0.04 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating)
    Cooling system
    Electric
    Water source
    Public

    Building Details

    Year built
    2025
    Floors in Building
    3
    Number of units
    2
    Building materials
    Brick/Mortar, Frame
    Roof type
    Composition

    We can help!

    Listing Contact
    Chris Selle
    Chris Selle

    Wardell & Holmes Real Estate, LLC (816) 416-7111

    Listing agent Chris Selle (816) 416-7111

    Listing date Mar 11, 2026

    MLS# 2597217 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.

    Learn more

    Property Insight Report

    Overview

    New Construction Townhome in Kansas

    This brand-new construction townhome is located in the heart of Kansas City, minutes from Downtown KC, Beacon Hill, and Hospital Hill. The move-in-ready duplex features two 3-bedroom, 2.5-bath homes with open-concept living space across three levels. The property is ideal for professionals seeking low-maintenance living in a walkable, city-centric location. The HOA does not have traditional restrictions, allowing the property to be used as a rental; live in one unit and rent out the other. The main level showcases a bright, open floor plan with a spacious living area, modern kitchen with pantry, dining space, and a half bath. Upstairs includes two generously sized bedrooms, a full bath, laundry hookups, and a flexible family lounge suitable for a home office, study space, or media room. The third floor is a private primary suite retreat featuring a walk-in closet, double vanity, and a private outdoor terrace with city views. Additional features include a 1-car attached garage, mudroom entry, storm shelter, energy-efficient windows, and upscale finishes throughout including luxury vinyl plank flooring, quartz-style countertops, soft-close cabinetry, and matte black fixtures. HOA amenities include a dog run and pet relief station, making this a pet-friendly townhome. The property is close to major hospitals, medical schools, business districts, dining, and entertainment, making it perfect for medical professionals, healthcare workers, and young professionals seeking a downtown Kansas City townhome. The lot size is 0.0385 acres and the zoning is R-1.5.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Kansas City
    County
    Platte
    State
    Missouri
    Longitude
    -94.569703
    Latitude
    39.073399

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    FAQs

    What type of property is this?
    Duplex - Modern duplex near Downtown KC, Beacon Hill, and Hospital Hill.
    Where is this duplex located?
    The property is located at 2907-2911 Forest Ave Kansas City, MO.
    What is the asking price?
    The asking price for this property is $999,999.
    What are key features of this property?
    This property features: - Brand-new construction townhome with modern finishes and energy-efficient features.; - Prime location near Downtown KC, Beacon Hill, and Hospital Hill, offering easy access to major hospitals, medical schools, business districts, dining, and entertainment.; - Flexible living space across three levels, including a private primary suite with a walk-in closet and **private outdoor terrace with city views**.
    (573) 356-6505
    Request Owner's contact information
    2907-2911 Forest Ave Kansas City, MO 64109
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    Kansas City, MO 64109
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    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
    2907-2911 Forest Ave Kansas City, MO 64109
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    We can help!
    Listing Contact
    Chris Selle
    Chris Selle
    Real Estate License ID: 1959436
    (573) 356-6505 (816) 416-7111
    Learn more
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