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    3201 12Th St Kansas City, MO 64127

    For Sale
    Contact for pricing

    Prime Retail & Residential Portfolio

    Property size:
    5,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This multi-tenant retail center in Kansas City, MO, presents a compelling value-add investment opportunity. The 5,000 square foot property, situated on a 5,394 square foot lot, features eight units (four retail and four residential) within a single, two-story building constructed in 1910 and renovated in 2003. Currently boasting 88% occupancy with a gross lease structure, the property offers significant potential for increased rental income. One commercial unit is undergoing renovations, and one residential unit is currently vacant, presenting immediate opportunities to enhance profitability. The property benefits from a strong local market, with an average household income of $73,248 within a five-mile radius and a low 5.3% retail vacancy rate. Year-over-year rent growth in the area stands at 6.8%, indicating a robust and stable market. The property is zoned B3-2 and has an APN of 28-330-02-19-00-0-00-000. The 4,600 square feet of net rentable space is spread across eight units, providing a diverse tenant base. Existing tenants are receptive to long-term leases, ensuring consistent cash flow. This property represents a rare opportunity to acquire a well-positioned asset in a thriving Kansas City neighborhood with a limited construction pipeline (0.6% of total inventory). The property's location at 3201 E 12th St, Kansas City, MO 64127, offers excellent access to a large consumer base.

    Property Features for 3201 12Th St

    General Information

    Property type
    Shopping malls
    Square Feet
    5,000 SF
    Class
    C

    Building Details

    Year Built/Renovated
    1910/2003
    Buildings
    1
    Stories
    2
    Units
    8

    HighLights

    • Four residential units.
    • Four commercial units.
    • 88% occupancy rate.
    • Price available upon request.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Gas station Gas Station

    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
    -94.544471059616
    Latitude
    39.098572281496

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    FAQs

    What type of property is this?
    Shopping mall - Prime Retail & Residential Portfolio
    Where is this shopping mall located?
    The property is located at 3201 12Th St Kansas City, MO.
    What are key features of this property?
    This property features: Four residential units.; Four commercial units.; 88% occupancy rate.
    Request Owner's contact information
    3201 12Th St Kansas City, MO 64127
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    Kansas City, MO 64127
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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
    3201 12Th St Kansas City, MO 64127
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