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

    10722 Parallel Pkwy Kansas City, KS 66109

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    850,000 sq ft retail center near major attractions.

    Property size:
    215,240 SF
    Lot size:
    2.14 Acres

    Property Features for 10722 Parallel Pkwy

    General Information

    Size
    215,240 SF
    Lot size
    2.14 Acres

    We can help!

    Listing Contact
    Anthony Tony J. Detommaso
    Source: Moodyscre

    Listing Agent: Anthony Tony J. Detommaso

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Power Retail Shopping Center Space

    This 850,000 sq ft power retail shopping center is anchored by Walmart Supercenter and Kohl's. Other tenants include Taco Bell, Olive Garden, Red Lobster, Chick-fil-A, and Wendy's. The property is located next to Kansas Speedway, Cabela's, Great Wolf Lodge, Schlitterbahn Vacation Village, Nebraska Furniture Mart, Legends Kansas City Outlets, KC T-Bones Baseball Stadium, and the new KC Sporting Park. It offers outstanding visibility to the more than 2 million sq ft of retail and entertainment space built and planned on this corner. The location is in a major tourism district drawing over 14 million visitors annually from as far as 250 miles away.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Fantastic Caverns Discovery ... Family Recreation Center

    Suggested Use

    Real Estate Agency Restaurant Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Kansas City
    County
    Wyandotte
    State
    Kansas
    Longitude
    -94.828109
    Latitude
    39.129141

    Nearby Similar for Lease

    • $4,000 /Mo
      12,197 SF

      Kansas City Mechanic Shop For Rent

      Mechanic shop in Central Commercial District of Kansas City.
      828 Minnesota Ave, Kansas City, KS 66101
      View Details
    • Contact for pricing
      20,560 SF

      Office Space in Business Park

      Office space with I-35 access and ample parking.
      1155 Adams St, Kansas City, KS 66103
      View Details
    • $12 SF/Yr
      3,700 SF

      Kansas City Office Space Available

      Office space available for lease in Kansas City, Kansas.
      1101 Merriam Ln, Kansas City, KS 66103
      View Details
    • Contact for pricing
      11,250 SF

      Shopping Center Space Available

      Retail spaces available in renovated shopping center near I-635.
      4835-4953 State Ave, Kansas City, KS 66102
      View Details
    • Contact for pricing

      Industrial Space for Lease

      Industrial property available for rent in Kansas City, Kansas.
      1601 Fairfax Trfy, Kansas City, KS 66115
      View Details
    • $5 SF/Yr
      19,780 SF

      Kansas City Warehouse Space Available

      19,780 square foot warehouse space for lease.
      3010 South 24Th St, Kansas City, KS 66106
      View Details
    • Contact for pricing
      30,000 SF

      Warehouse Space Near I-435

      30,000 SF warehouse space available for rent.
      7036 Kaw Dr, Kansas City, KS 66111
      View Details
    • Contact for pricing
      4,551 SF

      Class A Office Space Available

      Sublease opportunity in a Class A office building.
      7400 State Line Rd, Kansas City, KS 66103
      View Details
    • $5,915 /Mo

      Equipped Restaurant Space For Rent

      5,915 SF restaurant space with commercial kitchen and patio.
      5000 State Ave, Kansas City, KS 66102
      View Details
    • Contact for pricing
      2,500 SF

      Industrial Space Available For Lease

      1,250 SF industrial space with office in Kansas City.
      10651 Kaw Dr, Kansas City, KS 66111
      View Details
    • $17,000 /Mo
      22,106 SF

      Industrial Building with Outdoor Storage

      22,106 SF industrial building with 2.5 acres storage.
      1141 S 12Th St, Kansas City, KS 66105
      View Details
    • Contact for pricing
      1,300 SF

      Retail Space on Parallel Parkway

      Retail space with high visibility and ample parking available for rent.
      7700-7710 Parallel Pkwy, Kansas City, KS 66112
      View Details

    FAQs

    What type of property is this?
    Shopping mall - 850,000 sq ft retail center near major attractions.
    Where is this shopping mall located?
    The property is located at 10722 Parallel Pkwy Kansas City, KS.
    What are key features of this property?
    This property features: - Anchored by Walmart Supercenter and Kohl's in a large 850,000 sq ft retail center.; - Located in a major tourism district drawing over 14 million visitors annually.; - Outstanding visibility to over 2 million sq ft of retail and entertainment space.
    (816) 753-6000 Call to check price and availability
    Request Owner's contact information
    10722 Parallel Pkwy Kansas City, KS 66109
    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.
    10722 Parallel Pkwy
    Kansas City, KS 66109
    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
    10722 Parallel Pkwy Kansas City, KS 66109
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Anthony Tony J. Detommaso
    (816) 753-6000 (816) 412-7308
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!