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    9402 Blue Ridge Blvd Kansas City, MO 64138

    Sponsored
    For Sale
    $565,000

    Kansas City retail investment opportunity.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 11,345 square foot retail property, situated on a 1.5-acre lot in Kansas City, Missouri's Jackson County, presents a compelling investment opportunity. Built in 1970, the single-story building currently houses four retail units, with potential for expansion to six. The property boasts ample parking for 40 vehicles and benefits from a highly visible location in a thriving commercial district, enjoying 24/7 accessibility. Zoned B3-2, offering flexible usage options, this property is located within an Opportunity Zone, making it eligible for city incentives. The projected net operating income (NOI) ranges from $91,486 to $109,593, resulting in a pro-forma capitalization rate between 16.2% and 19.45%. Further enhancing its income potential, additional revenue is generated from parking leased to an adjacent business. The surrounding area supports a population exceeding 39,000, with a median household income of $39,659. The asking price is $565,000, and owner financing is available. All information is deemed reliable but should be independently verified.

    Property Features for 9402 Blue Ridge Blvd

    General Information

    Property type
    Restaurants
    Lot Size
    65,340 SF

    Building Details

    Year Built
    1970
    Stories
    1

    HighLights

    • 11,345 SF retail building on a 1.5‑acre lot in Kansas City, MO.
    • Single‑story building with four retail units, expandable to six.
    • Ample parking (40 spaces) in a high‑visibility location with 24/7 access.
    • B3‑2 zoning, Opportunity Zone designation, offering flexible use and potential incentives.
    • Projected NOI: $91,486 - $109,593; Cap Rate: 16.2% - 19.45%.
    • Additional income from adjacent business parking lease.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Kansas City
    County
    Jackson
    State
    Missouri
    Longitude
    -94.5087041
    Latitude
    38.9538567

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    FAQs

    What type of property is this?
    Restaurant - Kansas City retail investment opportunity.
    Where is this restaurant located?
    The property is located at 9402 Blue Ridge Blvd Kansas City, MO.
    What is the asking price?
    The asking price for this property is $565,000.
    What are key features of this property?
    This property features: 11,345 SF retail building on a 1.5-acre lot in Kansas City, MO.; Single-story building with four retail units, expandable to six.; Ample parking (40 spaces) in a high-visibility location with 24/7 access.
    Request Owner's contact information
    9402 Blue Ridge Blvd Kansas City, MO 64138
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    Kansas City, MO 64138
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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
    9402 Blue Ridge Blvd Kansas City, MO 64138
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