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    5001 Independence Ave Kansas City, MO 64124

    Sponsored
    For Sale
    $500,000

    Versatile 13,918 SF building, high ROI.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This prime Kansas City, MO investment opportunity presents a versatile 13,918 square foot property situated on a spacious 16,611 square foot lot (0.38 acres) at 5001 Independence Avenue, zip code 64124. Built in 1981, the property comprises two buildings and currently offers seven office units and a church space across two stories. The asking price is $500,000, translating to $35.91 per square foot. Currently vacant, this property offers significant value-add potential for a variety of uses, including religious organizations, office rentals, multifamily, or senior living facilities. Located within an Opportunity Zone, this property is eligible for city grants and incentives, such as Community Improvement District (CID) sales tax and Tax Increment Financing (TIF) programs, designed to enhance return on investment. The property boasts a projected pro-forma NOI of 14.78%, indicating strong income potential. Its location in a high-traffic area with favorable community demographics, combined with excellent accessibility and flexible zoning, makes this a compelling investment opportunity. The property features solid construction and benefits from its strategic location. All information is deemed reliable but not guaranteed; buyers are advised to independently verify all details.

    Property Features for 5001 Independence Ave

    General Information

    Property type
    Churches & religious facilities

    Building Details

    Year Built
    1981

    HighLights

    • $500,000 asking price.
    • 13,918 square foot building on a 16,611 square foot lot in Kansas City, MO.
    • Versatile property suitable for various uses including religious organizations, office rentals, and multifamily.
    • Located in an Opportunity Zone, eligible for city grants and incentives.
    • Currently vacant, offering a projected 14.78% NOI.
    Property Profile 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
    -94.523131
    Latitude
    39.1051327

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    FAQs

    What type of property is this?
    Church & religious facility - Versatile 13,918 SF building, high ROI.
    Where is this church & religious facility 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: $500,000 asking price.; 13,918 square foot building on a 16,611 square foot lot in Kansas City, MO.; Versatile property suitable for various uses including religious organizations, office rentals, and multifamily.
    Request Owner's contact information
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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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