Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Wooded Land Parcel in Kansas Title is generated by Realmo AI

    2900 E 119th Street, Kansas City, MO 64137

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    112-acre wooded land parcel with development potential.

    Type:Land, Special Purpose
    Lot size:
    112.00 Acres
    Added:
    Mar 26, 2025
    Days on Market:
    415
    Last Refresh:
    Mar 21 at 8:25 pm

    Property Features for 2900 E 119th Street

    General Information

    Standard status
    Active
    Lot size
    112.00 Acres
    Property subtype
    Land, Special Purpose

    We can help!

    Listing Contact
    Kari Smithson

    Listing agent Kari Smithson License #1232005033777

    Listing office Platinum Realty

    Listing date Mar 26, 2025

    Source Crexi

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

    All listing content including descriptions, pricing, images are the copyrighted material of Platinum Realty

    HighLights

    • 112 acre +/- wooded land parcel offering multiple development possibilities.
    • Easy freeway access and proximity to Blue River hiking, biking, and equestrian trails.
    • Zoning previously changed to R1‑A to support a 482‑unit mixed‑use development.
    • Phase 1 grading completed with lots and streets cut to finish grade.
    • Sewer access available at lots 1‑8 and 23‑28.
    • Water and Electricity are available at the street.

    Overview

    This is a 112 acre wooded land parcel situated off of a secluded city street. The property presents opportunities for a dream home, development project, or estate lots. It is located near freeways, providing easy access, and is close to the hiking, biking, and equestrian trails of Blue River. A small pond is located on site, and the area supports wild game. A Ridgewood 1st Plat CUP was initiated, with zoning changed to R1-A to potentially support 482 units in a mixed-use development including single-family lots, townhomes, and condominiums. Phase 1 grading was completed, with all lots and streets cut to finish grade. Sewer access was established for lots 1-8 and 23-28. Surveys, engineering plans, and studies are available. Water and electricity are accessible at the street. Note that all previous documents are expired and are for informational purposes only.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Real Estate Agency Law Firm Building Supply Spa & Massage Center Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center Pharmacy Kitchen & Bath Showroom

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

    Location Insight

    • Map
    • Local Demand
    City
    Kansas City
    County
    Platte
    State
    Missouri
    Longitude
    -94.5584282
    Latitude
    38.9158442

    Nearby Similar for Sale

    • $595,000
      2,000 SF

      Commercial Property on Busy Intersection

      Commercial opportunity on 0.24 acres at a busy intersection.
      7101 Troost Avenue, Kansas City, MO 64131
      View Details
    • $1,250,000
      2,778 SF

      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
    • $695,000
      3,816 SF

      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
    • $275,000
      6,000 SF

      Commercial Space in Kansas City

      Versatile commercial space with high visibility and ample parking.
      7947 PROSPECT Avenue, Kansas City, MO 64132
      View Details
    • $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
    • $595,000
      2,600 SF

      Restored Multifamily in South Hyde Park

      Meticulously restored two-story complex in historic South Hyde Park.
      901 E 39th Street, Kansas City, MO 64109
      View Details
    • $459,999
      7,500 SF

      Versatile Commercial Property Near I-70

      Centrally located commercial property suitable for various business uses.
      3812 Bennington Avenue, Kansas City, MO 64129
      View Details
    • $429,999
      3,012 SF

      Rehabbed Duplex Near Country Club Plaza

      Turnkey duplex near Plaza, Brookside, and UMKC.
      5025 Lydia Avenue, Kansas City, MO 64110
      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
    • $389,000
      1,200 SF

      Remodeled Homes on 1.5 Acres

      Two remodeled homes on 1.5 acres near I-29.
      2308 NW 53rd Terrace, Kansas City, MO 64151
      View Details
    • $290,000

      Restaurant Opportunity in Kansas City

      Equipped restaurant and real estate for sale in Kansas City.
      6836 Prospect Avenue, Kansas City, MO 64132
      View Details
    • $450,000

      Cash-Flowing Multifamily Property in Kansas

      Six-unit multifamily property with immediate income and upside potential.
      3319 E 30th Street, Kansas City, MO 64128
      View Details

    FAQs

    What type of property is this?
    Land - 112-acre wooded land parcel with development potential.
    Where is this land located?
    The property is located at 2900 E 119th Street Kansas City, MO.
    What is the asking price?
    The asking price for this property is $2,464,000.
    What are key features of this property?
    This property features: 112 acre +/- wooded land parcel offering multiple development possibilities.; Easy freeway access and proximity to Blue River hiking, biking, and equestrian trails.; Zoning previously changed to R1‑A to support a 482‑unit mixed‑use development.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Kari Smithson
    Real Estate License ID: 1232005033777
    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
    2900 E 119th Street, Kansas City, MO 64137
    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!