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

    4515 Virginia Ave Kansas City, MO 64110

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

    Multifamily property near The Country Club Plaza with long-term tenants.

    Property size:
    931 SF
    Lot size:
    6,195.00 Acres

    Property Features for 4515 Virginia Ave

    General Information

    Standard status
    Active
    Zoning
    Multi-Family Residential
    Size
    931 SF
    Lot size
    6,195.00 Acres

    Building Details

    Year built
    1909

    We can help!

    Listing Contact
    Allen Epstein
    Source: Crexi

    Listing Agency: Realty Executives of Kansas City Listing Agent: Allen Epstein

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

    Learn more

    Overview

    Turnkey Multifamily Investment Property

    This turnkey multifamily investment property is located just east of The Country Club Plaza, with proximity to Midtown, the Kansas City Art Institute, and UMKC. The property features four units. Upstairs, there are two apartments, each with two bedrooms and one bath. On the first floor, there is one unit with two bedrooms, one bath, and a third non-conforming room with a large closet, and another unit with one bedroom, one bath, and a second non-conforming room with a large closet. All four units include granite countertops, luxury vinyl plank flooring, a pantry, and tiled bathrooms. Each unit also has front and back porches and access to a fenced backyard. Appliances included are a stove, dishwasher, microwave, refrigerator, and stackable washer/dryers. The property is currently occupied by long-term tenants. The property size is 931 square feet.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Kansas City
    County
    Platte
    State
    Missouri
    Longitude
    -94.5689255
    Latitude
    39.0444589

    Nearby Similar for Sale

    • $599,000
      10,932 SF

      Versatile Commercial Property Near Truman Complex

      Flex commercial space with redevelopment potential near major highways.
      3516 Blue Ridge Cut Off, Kansas City, MO 64133
      View Details
    • New
      $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 St, Kansas City, MO 64126
      View Details
    • $1,250,000
      2,778 SF

      Blue Ridge Blvd Redevelopment Portfolio

      Three properties on Blue Ridge Blvd near HWY 49.
      11810 Blue Ridge Blvd, Kansas City, MO 64134
      View Details
    • $1,700,000
      5,000 SF

      Turn-Key Sports Bar Opportunity

      Renovated sports bar with 3 AM license and parking.
      4545 N Brighton Ave, Kansas City, MO 64117
      View Details
    • $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
    • $265,000
      0.11 Acres

      Former Salon/Barber Shop Opportunity

      Prime commercial space in high-traffic area, ideal for small business.
      6632 E Truman Rd, Kansas City, MO 64126
      View Details
    • $350,000
      0.12 Acres

      Auto Shop on High-Traffic Thoroughfare

      Well-equipped auto repair shop and used car lot for sale.
      1201 Van Brunt Blvd, Kansas City, MO 64127
      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
    • $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
    • $1,975,000
      36,000 SF

      Historic West Bottoms Brick Building

      Five-story, 36,000 SF brick building in the West Bottoms.
      1428 Saint Louis Ave, Kansas City, MO 64101
      View Details
    • $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
    • $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

    FAQs

    What type of property is this?
    Quadplex - Multifamily property near The Country Club Plaza with long-term tenants.
    Where is this quadplex located?
    The property is located at 4515 Virginia Ave Kansas City, MO.
    What are key features of this property?
    This property features: - Turnkey multifamily investment property; - Located near The Country Club Plaza, Midtown, Kansas City Art Institute, and UMKC; - Four units with long-term tenants
    Request Owner's contact information
    4515 Virginia Ave Kansas City, MO 64110
    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.
    4515 Virginia Ave
    Kansas City, MO 64110
    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
    4515 Virginia Ave Kansas City, MO 64110
    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!
    Listing Contact
    Allen Epstein
    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!