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    5305-5600 Bannister Rd Kansas City, MO 64137
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    Property profile & analytics

    5305-5600 Bannister Rd Kansas City, MO 64137

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    • Retail properties & Spaces
    • 4.90 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Bannister Square Shopping Center / Shopping Center & Mall

    Property Details for 5305-5600 Bannister Rd

    Lot size
    4.90 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    Bannister Square Shopping Center presents a unique investment opportunity in Kansas City, Missouri. This 4.9-acre property, located at 5305-5600 E. Bannister Road (zip code 64137), offers a diverse range of possibilities for owner-users. The property is zoned to accommodate retail, office, restaurant, hotel, and pad sites, providing flexibility for various business models. Its strategic location at the southeast corner of I-435 and Bannister Road ensures high visibility and accessibility. The intersection boasts an impressive daily traffic count exceeding 120,400 vehicles. This prime location places the property directly across the street from the new Oracle Innovations Campus, benefiting from the increased foot traffic and economic activity generated by this significant development. The property is currently home to a mix of established businesses, including Home Depot, Price Chopper, Arvest Bank, Taco Bell, and Hampton Inn, providing a strong foundation for future growth and development. The 4.9-acre lot is also divisible, allowing for smaller acquisitions tailored to specific business needs. The price per square foot is $14. This exceptional property offers a compelling investment opportunity for businesses seeking a high-traffic, well-established location in a thriving area of Kansas City.

    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
    -94.5284
    Latitude
    38.9526

    Comparable in this City

    • Value Estimation by Request
      4,200 SF

      5675 Bannister Rd

      Lifestyle centers • 4,200 SF
      5675 Bannister Rd, Kansas City, MO 64137
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    • Value Estimation by Request
      9,120 SF

      10903-10919 Hickman Mills Dr

      Individual retail properties • 9,120 SF
      10903-10919 Hickman Mills Dr, Kansas City, MO 64137
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    • Value Estimation by Request
      2,302 SF

      4900 Bannister Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,302 SF
      4900 Bannister Rd, Kansas City, MO 64137-1262
      View Details
    • Value Estimation by Request
      1,876 SF

      5700 Bannister Rd

      RESTAURANT • 1,876 SF
      5700 Bannister Rd, Kansas City, MO 64137-1207
      View Details
    • Value Estimation by Request
      0.69 Acres

      Kansas City, MO 64137

      RESTAURANT • 0.69 Acres
      Kansas City, MO 64137
      View Details
    • Value Estimation by Request
      2,340 SF

      5373 Bannister Rd

      RESTAURANT • 2,340 SF
      5373 Bannister Rd, Kansas City, MO 64137-1203
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Prime Retail Land Opportunity

      Land near Price Chopper and Oracle campus with high traffic.
      5615 Bannister Rd, Kansas City, MO 64137
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    • Contact for pricing
      9,120 SF

      Retail Building Near I-49

      Multi-tenant retail building with redevelopment potential near I-49.
      10903-10919 Hickman Mills Dr, Kansas City, MO 64137
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    • $935,500
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      Wooded Land Parcel in Kansas

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    Similar Nearby for Lease

    • Contact for pricing
      26,692 SF

      Retail Space Near Home Depot

      26,692 SF retail space with highway access.
      4701 E Bannister Rd, Kansas City, MO 64137
      View Details
    • Contact for pricing

      Retail Space in Home Depot Center

      Retail space for lease with high visibility and accessibility.
      4701 Bannister Rd, Kansas City, MO 64137
      View Details
    • Contact for pricing

      Commercial Pad Site For Rent

      1.1 AC pad site with existing building.
      4707 Bannister Rd, Kansas City, MO 64137
      View Details
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    Kansas City, MO 64137
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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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