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    Redevelopment Opportunity: Two-Asset Portfolio Title is generated by Realmo AI

    8202-8350 E Bannister Rd, Kansas City, MO

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    Two-asset portfolio ideal for mixed-use redevelopment in distressed census tract.

    Type:LAND
    Lot size:
    11.73 Acres
    Added:
    Nov 25, 2025
    Days on Market:
    190
    Last Refresh:
    May 19 at 9:25 pm

    Property Features for 8202-8350 E Bannister Rd

    General Information

    Standard status
    Active
    Lot size
    11.73 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Susan Scott
    Susan Scott

    Listing agent Susan Scott License #BR00219153

    Listing office Select Sites LLC

    Listing date Nov 25, 2025

    Source Moodyscre

    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 Select Sites LLC

    HighLights

    • Complete redevelopment opportunity ideal for a new mixed‑use neighborhood development.
    • Eligible for significant tax abatement (10 years at 100%, followed by up to 15 years at 50%).
    • Strategic location near the Oracle Cerner Innovations Campus.
    • Portfolio of two assets: Robandee Shopping Center and a vacant office/retail building.
    • Excellent access to major thoroughfares.
    • Significant street frontage.

    Overview

    This portfolio features two assets suitable for redevelopment. The first property, located at 8202 E Bannister Rd, is the Robandee Shopping Center, a neighborhood retail center with 106,750 square feet on 10.54 acres of land. Constructed in the late 1960s, the multi-tenant building includes 27 units, a large monument sign, and approximately 360 asphalt-paved parking spaces. The property is currently occupied by month-to-month retail tenants. The second property, located at 8500 E Bannister Rd, is an 18,750-square-foot office/retail building on 1.19 acres of land. Built between 1975 and 1980, it was initially an indoor roller skating facility, later converted into a furniture retail store around 1986, and then into offices in 2000. The building is currently vacant and in various stages of disrepair. Zoned B3-2, Community Business, the properties have approximately 849 feet of frontage on E Bannister Rd and 462 feet of frontage on James A Reed Rd, with access from Wallace Ave. Situated within a continuously distressed census tract, the E Bannister Planned Industrial Expansion Area (PIEA), the site is eligible for tax abatement of 100% of the increased property taxes for 10 years, followed by up to 15 years of 50% tax abatement. The location is near the Oracle Cerner - Innovations Campus, one of Kansas City’s largest employers, which is planning to develop over 200 acres into an office park, spurring nearby hospitality, retail, sports, single-family homes, and multi-family development. The site offers access to Interstates 470, 435, 70, and Highways 71 and 350.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Hair Salon Nail Salon Auto Repair Shop Gym & Fitness Center Pharmacy Accounting Firm Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Kansas City
    County
    Platte
    State
    Missouri
    Longitude
    -94.4924
    Latitude
    38.9526

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    FAQs

    What type of property is this?
    Land - Two-asset portfolio ideal for mixed-use redevelopment in distressed census tract.
    Where is this land located?
    The property is located at 8202-8350 E Bannister Rd Kansas City, MO.
    What is the asking price?
    The asking price for this property is $3,765,000.
    What are key features of this property?
    This property features: Complete redevelopment opportunity ideal for a new mixed‑use neighborhood development.; Eligible for significant tax abatement (10 years at 100%, followed by up to 15 years at 50%).; Strategic location near the Oracle Cerner Innovations Campus.
    (816) 668-7276 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Susan Scott
    Susan Scott
    Real Estate License ID: BR00219153
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    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.

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