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

    11005 Hickman Mills Dr Kansas City, MO 64134

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

    Commercial land with high visibility, located near I-49.

    Lot size:
    0.64 Acres

    Property Features for 11005 Hickman Mills Dr

    General Information

    Lot size
    0.64 Acres

    We can help!

    Listing Contact
    Kate Grewe Milford
    Source: Moodyscre

    Listing Agent: Kate Grewe Milford

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

    Learn more

    Overview

    Commercial Land Near I-49

    This commercial land benefits from its location approximately 0.22 miles from I-49 and strong visibility from Hickman Mills Drive. The I-49 experiences a traffic volume of 106,686 vehicles per day.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency 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
    Platte
    State
    Missouri
    Longitude
    -94.5235129
    Latitude
    38.924113

    Nearby Similar for Sale

    • $199,000
      871 SF

      Professional Office Condo For Sale

      Own your office space in a high-traffic location.
      5950 N Oak Trfy, Kansas City, MO 64118
      View Details
    • $225,000
      0.04 Acres

      Grocery Store Opportunity, Kansas City

      Grocery/convenience store and smoke shop at a busy intersection.
      3445 Woodland Ave, Kansas City, MO 64109
      View Details
    • New
      $1,800,000
      0.75 Acres

      Renovated Kansas City Retail Opportunity

      Turn-key sports bar opportunity with 3 AM license and parking.
      4545 N Brighton Ave, Kansas City, MO 64117
      View Details
    • $185,000
      0.30 Acres

      Versatile Commercial Property on Corner Lot

      Commercial property with secure storage, workspace, and ample parking.
      2815 E 23Rd St, Kansas City, MO 64127
      View Details
    • $950,000
      0.96 Acres

      Secure Lot with Office Space

      High-visibility lot with office, storage, and highway access.
      6850 E Front St, Kansas City, MO 64120
      View Details
    • New
      $459,999
      7,500 SF

      Versatile Commercial Property Near I-70

      Centrally located commercial property suitable for various business types.
      3812 Bennington Ave, Kansas City, MO 64129
      View Details
    • $1,700,000
      0.20 Acres

      Commercial Building in North Kansas

      Two-unit commercial building with outdoor patio and mezzanine level.
      1825-1827 Buchanan St, Kansas City, MO 64116
      View Details
    • $150,000
      Pending

      Commercial Shop Near Streetcar Line

      Commercial shop near streetcar, ideal for art, retail, office.
      308 E 43Rd St, Kansas City, MO 64111
      View Details
    • New
      $485,000
      0.16 Acres

      Versatile Kansas City Multi-Family Home

      Income potential in the heart of Kansas City's vibrant neighborhoods.
      3800 Roanoke Rd, Kansas City, MO 64111
      View Details
    • New
      $475,000
      1,147 SF

      New Condominiums Near Plaza

      Modern condominiums near Plaza, UMKC, and Westport.
      4527 Forest Ave, Kansas City, MO 64110
      View Details
    • New
      $475,000
      1,147 SF

      New Condominiums Near Plaza

      Newly constructed condominiums near Plaza, UMKC, and Westport area.
      4521 Forest Ave, Kansas City, MO 64110
      View Details
    • New
      $999,999
      0.04 Acres

      New Construction Townhome in Kansas

      Modern duplex near Downtown KC, Beacon Hill, and Hospital Hill.
      2907-2911 Forest Ave, Kansas City, MO 64109
      View Details

    FAQs

    What type of property is this?
    Land - Commercial land with high visibility, located near I-49.
    Where is this land located?
    The property is located at 11005 Hickman Mills Dr Kansas City, MO.
    What are key features of this property?
    This property features: - Located 0.22 miles from I-49; - Strong visibility from Hickman Mills Drive; - I-49 - 106,686 VPD
    (314) 785-7662 Call to check price and availability
    Request Owner's contact information
    11005 Hickman Mills Dr Kansas City, MO 64134
    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.
    11005 Hickman Mills Dr
    Kansas City, MO 64134
    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
    11005 Hickman Mills Dr Kansas City, MO 64134
    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
    Kate Grewe Milford
    (314) 785-7662 (314) 968-9898
    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!