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    5001 Independence Ave Kansas City, MO 64124

    For Sale
    $500,000

    Versatile property, high ROI potential.

    Property size:
    13,918 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional investment opportunity presents a 13,918 square foot multi-use property located at 5001 Independence Ave, Kansas City, Missouri, 64124. The property comprises two buildings, each two stories high, constructed in 1981, situated on a 0.38-acre lot. Currently vacant, this Class B property offers significant value-add potential. The existing layout includes a church space and seven office units, providing flexibility for a variety of uses including religious organizations, office rentals, multifamily housing, or senior living facilities. The asking price is $500,000, translating to $35.92 per square foot. The property boasts a projected pro-forma NOI of $73,881, resulting in a 14.78% pro-forma cap rate. Benefiting from its location in an Opportunity Zone, this property is eligible for various city grants and incentives, including Community Improvement District (CID) sales tax and Tax Increment Financing (TIF) programs, designed to further enhance the return on investment. The B3-2/ICO zoning permits a wide range of uses. This high-traffic area offers excellent accessibility and strong community demographics. All information is deemed reliable but not guaranteed

    Property Features for 5001 Independence Ave

    General Information

    Property type
    Schools
    Square Feet
    13,918 SF
    Class
    B

    Building Details

    Year Built
    1981
    Buildings
    2
    Stories
    2
    Units
    8

    HighLights

    • 13,918 SF on 0.38 acres at 5001 Independence Ave, Kansas City, MO 64124.
    • $35.91/SF.
    • Two‑building property with church space and seven office units.
    • Flexible use potential: religious, office, multifamily, senior living.
    • Vacant, value‑add opportunity; 14.78% projected NOI.
    • Opportunity Zone with city grant & incentive eligibility.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Gathering Table inside ... Religious Institution Children's Memorial Lutheran ... Food Bank

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Kansas City
    County
    Jackson
    State
    Missouri
    Longitude
    -94.5233118063
    Latitude
    39.105349829151

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    FAQs

    What type of property is this?
    School - Versatile property, high ROI potential.
    Where is this school located?
    The property is located at 5001 Independence Ave Kansas City, MO.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: 13,918 SF on 0.38 acres at 5001 Independence Ave, Kansas City, MO 64124.; $35.91/SF.; Two-building property with church space and seven office units.
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    Realmo Value Estimation

    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.

    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.

    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
    5001 Independence Ave Kansas City, MO 64124
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