Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    27 27Th St Kansas City, MO 64108

    • Land
    • 4.50 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 27 27Th St

    Lot size
    4.50 lot acres
    Property type
    Land

    Description

    This exceptional 4.5-acre development site presents a rare opportunity in the vibrant heart of Kansas City, Missouri's Crown Center. Located at the intersection of 27th & Grand in Jackson County, zip code 64108 (39.078183, -94.5836362), this property boasts an irreplaceable urban core location. Its adjacency to Hallmark Cards' Corporate Headquarters and proximity to the KC Streetcar line provide unparalleled access and connectivity. The site is zoned for downtown core development within an urban renewal district, making it ideally suited for a mid-to-high-rise multifamily project. Crown Center's established mixed-use environment offers a complete live-work-play-stay-shop-eat ecosystem, ensuring high demand and strong potential for future development. The large parcel size provides ample space for a significant project, capitalizing on the existing infrastructure and thriving community. This is a truly unique opportunity to build within a dynamic and established urban setting. The site's size and location within Crown Center offer unparalleled potential for a high-impact development.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Kansas City
    County
    Jackson
    State
    Missouri
    Longitude
    -94.5836
    Latitude
    39.0782

    Comparable in this City

    • Value Estimation by Request

      1318 21St St

      Land
      1318 21St St, Kansas City, MO 64108
      View Details
    • Value Estimation by Request

      2745 Cherry St

      Land
      2745 Cherry St, Kansas City, MO 64108
      View Details
    • Value Estimation by Request
      0.75 Acres

      2833 Harrison St

      Land • 0.75 Acres
      2833 Harrison St, Kansas City, MO 64108
      View Details
    • Value Estimation by Request

      3003 Jarboe St

      Land
      3003 Jarboe St, Kansas City, MO 64108
      View Details
    • Value Estimation by Request

      3011 Jarboe St

      Land
      3011 Jarboe St, Kansas City, MO 64108
      View Details
    • Value Estimation by Request

      2809 Madison Ave

      Multifamily properties
      2809 Madison Ave, Kansas City, MO 64108
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6.23 Acres

      Kansas City Industrial Land Opportunity

      6.23-acre site, build-to-suit potential.
      0 Imperial Xing, Kansas City, MO 64108
      View Details
    • $218,000

      Westside Kansas City Lot

      Build Your Dream Home/Business
      2610 Jarboe St, Kansas City, MO 64108
      View Details
    • Contact for pricing

      Urban Assemblage with Historic Structure

      Large 17+ acre site near 18th and Vine.
      2220 Vine St, Kansas City, MO 64108
      View Details
    • Contact for pricing

      Urban Assemblage with Historic Structure

      Large acreage near cultural hub and top-ranked school.
      2112 Vine St, Kansas City, MO 64108
      View Details
    • $60,000

      Kansas City Residential Land Lot

      Prime Westside Lot, 3125 sq ft
      3011 Jarboe St, Kansas City, MO 64108
      View Details
    • $63,000

      Westside Kansas City Lot

      Build Your Dream Home - Prime Location
      2843 Madison Ave, Kansas City, MO 64108
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      113,000 SF

      Imperial Xing

      Flex space • 113,000 SF
      0 Imperial Xing, Kansas City, MO 64108
      View Details
    • Contact for pricing

      Corner Lot in Crossroads District

      Land for lease in the Crossroads Arts District.
      1824 Mcgee St, Kansas City, MO 64108
      View Details
    • $34 SF/Yr
      57,340 SF

      Corrigan Station Office Space

      Historic Crossroads District Office
      1828 Walnut St, Kansas City, MO 64108
      View Details
    • $17 SF/Yr
      750,000 SF

      Prime KCMO Office Building

      Historic Office Space, Multiple Suites Available
      30 Pershing Rd, Kansas City, MO 64108
      View Details
    • $22 SF/Yr
      233,000 SF

      Crown Center Executive Suites

      Prestigious KC Office Space Available
      2405 Grand Ave, Kansas City, MO 64108
      View Details
    • $300 /Mo
      5,000 SF

      112 W 18th Street Creative Office Space

      Crossroads District: Flexible Creative Office Suites
      112 18Th St, Kansas City, MO 64108
      View Details
    Request Owner's contact information
    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.
    27 27Th St
    Kansas City, MO 64108
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.