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    7975 Parallel Pkwy Kansas City, KS 66112

    For Sale
    $30,000

    Prime KS lot, build your duplex!

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 11,761 square foot lot, located at 7975 Parallel Parkway in Kansas City, Kansas (zip code 66112), presents a unique investment opportunity. Zoned for multifamily development, this property is ideally suited for the construction of a duplex. The asking price is $30,000, making it an attractive proposition for both builders and investors. Its convenient location offers proximity to shopping near the Legends outlet mall, enhancing its appeal and potential rental income. The lot's size allows for the creation of a comfortable and spacious duplex, catering to the growing demand for rental properties in the area. This is a turnkey opportunity to build to suit, potentially living in one unit while generating rental income from the other. Alternatively, the lot could be subdivided to create additional buildable lots, further increasing the investment potential. This property is ready for immediate development, presenting a rare chance to capitalize on the thriving Kansas City real estate market. The property is classified as land and multifamily, with a residential subtype specifically identifying it as suitable for a duplex, triplex, or quadplex. This prime location in Wyandotte County offers a compelling combination of convenience, affordability, and development potential.

    Property Features for 7975 Parallel Pkwy

    General Information

    Property type
    Multifamily properties

    HighLights

    • 11,761 SF lot in Kansas City, KS (66112) zoned for multifamily development.
    • Asking price: $30,000.
    • Ideal for duplex construction; near Legends outlet mall.
    • Potential for subdivision into additional lots.
    • Ready for immediate development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Kansas City
    County
    Wyandotte
    State
    Kansas
    Longitude
    -94.764377
    Latitude
    39.128246

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    FAQs

    What type of property is this?
    Multifamily property - Prime KS lot, build your duplex!
    Where is this multifamily property located?
    The property is located at 7975 Parallel Pkwy Kansas City, KS.
    What is the asking price?
    The asking price for this property is $30,000.
    What are key features of this property?
    This property features: 11,761 SF lot in Kansas City, KS (66112) zoned for multifamily development.; Asking price: $30,000.; Ideal for duplex construction; near Legends outlet mall.
    Request Owner's contact information
    7975 Parallel Pkwy Kansas City, KS 66112
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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
    7975 Parallel Pkwy Kansas City, KS 66112
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