Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    10108 Parallel Pkwy Kansas City, KS 66109

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    16.4 Acres, High-Traffic Location

    Property Features for 10108 Parallel Pkwy

    General Information

    Property type
    Land
    Lot Size
    714,384 SF

    We can help!

    Listing Contact
    Richard S. Hurst, Ccim
    Richard S. Hurst, Ccim

    Listing Agency: SVN | The Hurst Company Listing Agent: Richard S. Hurst, Ccim

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 16.4-acre commercial land parcel presents a prime development opportunity within Kansas City, Kansas's vibrant Legends Entertainment District. Located at 10108 Parallel Pkwy, 66109, this agriculture-zoned property boasts unparalleled visibility and accessibility. With a land value of $2.79 per square foot and an asking price of $1,995,000, this offering is strategically positioned to capitalize on the area's explosive growth. The Legends District attracts over 12 million visitors annually, boasting a diverse range of attractions including the Kansas Speedway, Kansas City Monarchs stadium, Children's Mercy Park, and major retailers such as Nebraska Furniture Mart, Bass Pro Shops, Amazon, and more. This site benefits from high daily traffic counts exceeding 51,700 vehicles on I-435 and 18,450 vehicles on Parallel Parkway, ensuring maximum exposure for any development. Infrastructure is ready for immediate development or expansion projects, and its convenient location offers easy access to major transportation routes. This is a rare chance to acquire land in a thriving area with exceptional visibility and high foot traffic, making it ideal for a variety of commercial ventures. The property is zoned for agriculture.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Real Estate Agency Restaurant Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Kansas City
    County
    Wyandotte
    State
    Kansas
    Longitude
    -94.812444
    Latitude
    39.130663

    Nearby Similar for Sale

    • $550,000
      2,071 SF

      Profitable Restaurant Business Opportunity

      Established restaurant business for sale with strong revenue growth.
      631 Central Ave, Kansas City, KS 66101
      View Details
    • New
      $250,000
      0.07 Acres

      Versatile Commercial Building in Kansas

      Two-story commercial building with gated parking and tenant income.
      413 Kansas Avenue Cir, Kansas City, KS 66105
      View Details
    • $485,000
      1.00 Acre

      Fenced Lot with Shop Building

      One-acre lot with office, shop, and lift; M-3 zoning.
      2450 Cheyenne St, Kansas City, KS 66106
      View Details
    • $450,000
      0.30 Acres

      Corner Commercial Property in Kansas

      Commercial property with retail and office space, potential for multiple uses.
      7502 Nebraska Ave, Kansas City, KS 66112
      View Details
    • $275,000
      1.03 Acres

      Kansas City Office Building For Sale

      Free-standing office building in high-demand Kansas City, KS corridor.
      1977 N 77Th St, Kansas City, KS 66112
      View Details
    • $3,500,000
      2.13 Acres

      Renovated Truck Shop on 2.13 Acres

      Renovated 9,820 sq ft truck shop with fenced yard.
      336 S 42Nd St, Kansas City, KS 66106
      View Details
    • $374,999
      0.50 Acres

      Industrial Yard Near Railroad

      Half acre corner industrial yard near railroad and major highways.
      1007 25Th St, Kansas City, KS 66106
      View Details
    • New
      $975,000
      4.30 Acres

      Kansas City Acreage For Sale

      4.3 acres with road frontage near businesses in Kansas City.
      2600 N 109Th St, Kansas City, KS 66109
      View Details
    • New
      $310,000
      Pending

      Well-Maintained Duplex in Kansas City

      Excellent condition duplex with remodeled unit, great investment opportunity.
      2802 N 82Nd St, Kansas City, KS 66109
      View Details
    • $325,000
      0.14 Acres

      Renovated Fourplex in Kansas City

      Turnkey, fully occupied fourplex with modern upgrades and cash flow.
      844 Washington Blvd, Kansas City, KS 66101
      View Details
    • $185,000
      0.14 Acres

      Freestanding Building in Kansas City

      Freestanding building with fenced lot, newer roof, ample parking.
      3410 Gibbs Rd, Kansas City, KS 66106
      View Details
    • New
      $220,000
      1,400 SF

      Kansas City Duplex Townhome

      Move-in-ready townhome near highways and shopping.
      1431 S 50Th St, Kansas City, KS 66106
      View Details

    FAQs

    What type of property is this?
    Land - 16.4 Acres, High-Traffic Location
    Where is this land located?
    The property is located at 10108 Parallel Pkwy Kansas City, KS.
    What is the asking price?
    The asking price for this property is $1,995,000.
    What are key features of this property?
    This property features: High visibility from I-435 (51,700+ vehicles per day) and Parallel Parkway (18,450+ vehicles per day).; Prime location in Kansas City, KS's Legends Entertainment District, attracting over 12 million visitors annually.; Infrastructure ready for immediate development; easily accessible via major transportation routes.
    (913) 538-5568 Call to check price and availability
    Request Owner's contact information
    10108 Parallel Pkwy Kansas City, KS 66109
    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.
    10108 Parallel Pkwy
    Kansas City, KS 66109
    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
    10108 Parallel Pkwy Kansas City, KS 66109
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Richard S. Hurst, Ccim
    Richard S. Hurst, Ccim
    Real Estate License ID: BR000049423
    (913) 538-5568 (816) 305-5587
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!