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Property profile & analytics
FOR SALE
Office buildings

4240 Blue Ridge Blvd Kansas City, MO 64133

9,814 SF 5.02 ac lot Built 1970
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US48-0985931
Property summary
AI-generated overview

This exceptional .5-1 acre commercial land parcel, located at 4240 Blue Ridge Blvd in Kansas City, Missouri (zip code 64133), presents a unique investment opportunity. Currently operating as a well-maintained parking lot just west of the Blue Ridge Tower, this property is zoned for commercial use (Comm) and offers significant development potential. Envision a variety of uses, from retail spaces and mixed-use developments to entertainment hubs or food service establishments. Its prime location offers easy highway access and proximity to numerous stores, restaurants, and gas stations, ensuring high visibility and convenient access for potential businesses. The sellers are currently working with the city to potentially subdivide the parcel. Furthermore, the area is in the process of establishing a Community Improvement District (CID), which will levy a 1% sales tax on local businesses to fund enhanced security, maintenance, landscaping, and beautification efforts, significantly improving the area's appeal and value. This property's versatility makes it suitable for various commercial ventures, including a car wash, retail space, or parking garage. A ground lease is also a possibility. The asking price for this dynamic property is $795,000. Buyers are advised to independently verify zoning regulations with the City of Kansas City, Missouri.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1970
Construction WOOD
Total area 9,814 SF
Lot 5.02 ac (218,671 SF)
APN 33-330-11-03-01
UPID US48-0985931
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
  • Professional In Home TV Repair - Kansas Computer & Electronic Repair
  • John R. Hugo, D.D.S. Dental Office
  • Silverstein Eye Centers Medical Clinic Ophthalmologist
  • Blue Ridge Surgical Center Medical Clinic Hospital
  • Murphy & Tobin Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.20M
Comparable Approach Comparable
$2.24M
Blend (final) Blend
$2.22M
Owner & transaction history
Blue Ridge Tower LLC · 3 yrs held
Blue Ridge Tower LLC
since 2022
6 recorded transactions
2022
Price N/A
2021
Price N/A
2012
Price N/A
2012
$5.1M
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $1.4M +0.1%
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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