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    Property profile & analytics

    Red Brg Shopping Ctr Kansas City, MO 64131

    • Neighborhood centers
    • 143,171 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Neighborhood centers

    Property Details for 0 Red Brg Shopping Ctr

    Year built
    1959
    Property size
    143,171 SF
    Property type
    Neighborhood centers
    Property subtype
    Retail properties

    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
    -94.5845
    Latitude
    38.925

    Comparable in this City

    • Value Estimation by Request
      127,424 SF

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      Lifestyle centers • 127,424 SF
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    • Value Estimation
      $345,000
      11,751 SF

      1015 75th St

      SHOPPING CENTER, STRIP CENTER • 11,751 SF
      1015 75th St, Kansas City, MO 64131-1659
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    • Value Estimation
      $400,000
      27,864 SF

      1104 Meyer Blvd

      SHOPPING CENTER, STRIP CENTER • 27,864 SF
      1104 Meyer Blvd, Kansas City, MO 64131-1205
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    • Value Estimation
      $355,000
      14,393 SF

      7922 Troost Ave

      SHOPPING CENTER, STRIP CENTER • 14,393 SF
      7922 Troost Ave, Kansas City, MO 64131-1958
      View Details
    • Value Estimation
      $395,000
      10,570 SF

      410 Gregory Blvd

      SHOPPING CENTER, STRIP CENTER • 10,570 SF
      410 Gregory Blvd, Kansas City, MO 64131-1345
      View Details
    • Value Estimation
      $305,000
      9,908 SF

      8823 Troost Ave

      SHOPPING CENTER, STRIP CENTER • 9,908 SF
      8823 Troost Ave, Kansas City, MO 64131-4731
      View Details

    Similar Nearby for Sale

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      Retail Property in Kansas City

      Storefront property ideal for small businesses in Kansas City.
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    • $450,000
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      Commercial Building on Troost Avenue

      Highly visible commercial building with flexible space and ample parking.
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    • $850,000
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      Class A Office Space

      5,000 SF office space with easy highway access.
      1441 E 104Th St, Kansas City, MO 64131
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    • Contact for pricing

      QSR Pad Site with Drive-Thru

      2,295 SF QSR building on 0.64 acre lot.
      11290 Holmes Rd, Kansas City, MO 64131
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    • $85,000
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      Land on Troost Avenue Corridor

      1.87 acres approved for 48-unit multifamily development.
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    • $475,000
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      Kansas City Fourplex Investment Opportunity

      Four-unit multifamily property in Kansas City, fully leased.
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    Similar Nearby for Lease

    • Contact for pricing
      1,400 SF

      Retail Space in Kansas City

      Retail space available in a shopping center anchored by Price Chopper.
      1146-1168 W 103Rd St, Kansas City, MO 64131
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    • Contact for pricing
      127,424 SF

      Landing Shopping Center: Prime Retail Space

      Kansas City retail center, multiple spaces available.
      6301-6319 Troost Ave, Kansas City, MO 64131
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    • $12 SF/Yr
      11,300 SF

      Prime Retail Space, E. 99th St

      Multi-tenant center; 800-10,500 SF available.
      534-618 99Th St, Kansas City, MO 64131
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    • $12 SF/Yr
      2,515 SF

      Prime Bannister Rd Office Space

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    • $12 SF/Yr
      2,500 SF

      Retail Space in Shopping Center

      Retail space available in a well-located Kansas City shopping center.
      9910-9932 Holmes Rd, Kansas City, MO 64131
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    • $12 SF/Yr
      2,500 SF

      Retail Space in Shopping Center

      Retail space available in a well-located Kansas City shopping center.
      611 E 99Th St, Kansas City, MO 64131
      View Details
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    Kansas City, MO 64131
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    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
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