Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    5237 N Merrimac Avenue Kansas City, MO 64151

    View on Map
    Claim this Listing
    For Sale
    $75,000

    LAND - Kansas City, MO

    Lot size:
    0.67 Acres
    Added:
    May 15, 2025
    Days on Market:
    357
    Last Refresh:
    May 6 at 7:06 pm

    Property Features for 5237 N Merrimac Avenue

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    19-9.0-32-100-003-016-002
    Lot size
    0.67 Acres

    Taxes and HOA fees

    Tax Description
    Lot 5 (Except South 75 Ft)
    Tax Annual Amount
    305

    Utilities

    Sewer type
    Septic Tank
    Water source
    Public

    We can help!

    Listing Contact
    Mariana Castro

    Listing agent Mariana Castro License #2020012881

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

    Listing date May 15, 2025

    MLS# 2550272 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

    • Secluded lot offering a rare country feel in the heart of the city.
    • Ideal for building a dream home with peace, privacy, and space.
    • Minutes from highways, shopping, dining, and city amenities.
    • Clean slate: Previous home torn down, ready for new construction.
    • Utilities were previously in place.
    • Lot cleanup completed, making it easier to get started.

    Overview

    Residential Land in Kansas City

    This 0.67-acre lot offers a country feel within the city. Situated on a desirable street surrounded by large lots and acreage, the property provides a rural environment with convenient access to highways, shopping, dining, and other amenities. The location offers a sense of seclusion while remaining close to urban conveniences. The previous home has been removed, providing a clean slate for new construction. Utilities were previously in place. The seller completed lot cleanup in Spring 2025, facilitating an easier start to development. This property is located in Kansas City, MO, with a postal code of 64151, situated in Platte County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Building Supply Spa & Massage Center Gym & Fitness Center Kitchen & Bath Showroom Accounting Firm Garden Center Daycare Center (Bike/Boat/Book/etc) Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Kansas City
    County
    Platte
    State
    Missouri
    Longitude
    -94.629018
    Latitude
    39.190514

    Nearby Similar for Sale

    • $450,000

      Versatile Commercial Property in Kansas

      Well-maintained commercial property with flexible layout and excellent connectivity.
      7315 Sni A Bar Road, Kansas City, MO 64129
      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 Opportunity

      Portfolio of three properties on high-visibility Blue Ridge Blvd.
      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
    • $399,000

      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
    • $299,000

      Commercial Space in Kansas City

      Versatile commercial space with high visibility and ample parking.
      7947 PROSPECT Avenue, Kansas City, MO 64132
      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
    • $355,000

      Gladstone Duplex: Investment Opportunity

      Duplex in Gladstone area with renovation and rental income potential.
      3520 NE 72nd Street, Kansas City, MO 64119
      View Details
    • $850,000

      Historic Duplex with Modern Addition

      10-bedroom duplex in Kansas City with new construction.
      3412 Charlotte Street, Kansas City, MO 64109
      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?
    Land - Secluded lot for dream home with city amenities.
    Where is this land located?
    The property is located at 5237 N Merrimac Avenue Kansas City, MO.
    What is the asking price?
    The asking price for this property is $75,000.
    What are key features of this property?
    This property features: Secluded lot offering a rare country feel in the heart of the city.; Ideal for building a dream home with peace, privacy, and space.; Minutes from highways, shopping, dining, and city amenities.
    (808) 561-9011
    We can help!
    Listing Contact
    Mariana Castro
    Real Estate License ID: 2020012881
    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
    5237 N Merrimac Avenue, Kansas City, MO 64151
    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!