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    5220 Troost Ave Kansas City, MO 64110
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    Property profile & analytics

    5220 Troost Ave Kansas City, MO 64110

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    • Apartment buildings
    • 27,117 SF
    • 2.17 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Xavier Hall / Church
    • JP2 Commons / Student Housing Center

    Property Details for 5220 Troost Ave

    Year built
    1961
    Lot size
    2.17 lot acres
    Property size
    27,117 SF
    Property type
    Apartment buildings

    Description

    This exceptional 110-unit apartment building, located at 5220 Troost Ave in Kansas City, Missouri, presents a compelling investment opportunity. Boasting 27,117 square feet across 2.17 acres, this Class B property offers significant potential. Built in 1961 and extensively renovated in 2019, the building benefits from recent upgrades, minimizing future capital expenditures and maximizing marketability. Its strategic location is equidistant from Rockhurst University and UMKC, ensuring a consistent tenant pool. The property enjoys proximity to key attractions such as The Plaza and Downtown Kansas City, providing residents with access to premium amenities. Furthermore, its location benefits from the planned expansion of the KC Streetcar, offering a future-proof advantage. The unique blend of historical charm and modern amenities makes this property highly attractive to renters. The asking price for this prime multifamily investment is $8,500,000. This opportunity allows investors to capitalize on the thriving Kansas City market, combining the area's historic character with modern conveniences. The property's strong tenant base and recent renovations make it an ideal addition to any portfolio. Don't miss this chance to acquire a well-maintained, high-performing asset in a rapidly developing area of Kansas City. The zip code is 64110.

    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
    -94.5741
    Latitude
    39.0314

    Comparable in this City

    • Value Estimation by Request
      1,872 SF

      4012 Troost Ave, Unit 1N

      APARTMENT HOUSE (5+ UNITS) • 1,872 SF
      4012 Troost Ave, Kansas City, MO 64110-1234
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    • Value Estimation by Request
      1,998 SF

      4220 Harrison St, Unit 1N

      APARTMENT HOUSE (5+ UNITS) • 1,998 SF
      4220 Harrison St, Kansas City, MO 64110-3703
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    • Value Estimation by Request
      2,128 SF

      4136 Tracy Ave, Unit 1N

      APARTMENT HOUSE (5+ UNITS) • 2,128 SF
      4136 Tracy Ave, Kansas City, MO 64110-1264
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    • Value Estimation by Request
      1,944 SF

      4016 Troost Ave, Unit 1N

      APARTMENT HOUSE (5+ UNITS) • 1,944 SF
      4016 Troost Ave, Kansas City, MO 64110-1269
      View Details
    • Value Estimation by Request
      1,512 SF

      809 42nd St, Unit 1W

      APARTMENT HOUSE (5+ UNITS) • 1,512 SF
      809 42nd St, Kansas City, MO 64110-1196
      View Details
    • Value Estimation by Request
      1,893 SF

      4009 Charlotte St, Unit 1N

      APARTMENT HOUSE (5+ UNITS) • 1,893 SF
      4009 Charlotte St, Kansas City, MO 64110-1170
      View Details

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      Hyde Park Multifamily Renovation Opportunity

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      Turnkey Multifamily Investment Property

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    • $590,000
      0.14 Acres

      Turnkey Multifamily Investment Property

      Multifamily investment property near Country Club Plaza in Kansas City.
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    • New
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      Modern Condominiums Near Plaza

      Newly constructed condominiums near Plaza, UMKC, and Westport area.
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    • New
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      Renovated Duplex Near Universities

      Completely renovated duplex, ideal for investors or student housing.
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      Kansas City Duplex For Sale

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    Similar Nearby for Lease

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      5,555 SF

      Office Space Near Plaza

      Office suites with flexible layouts in high-traffic location.
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      2,599 SF

      Kansas City Office Space Available

      Office space available for lease in Kansas City, Missouri.
      5901 NW 63Rd Ter, Kansas City, MO 64110
      View Details
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    Kansas City, MO 64110
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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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