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    Nwc 50 & Roe Blvd Roeland Park, KS 66205

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    Nwc 50 & Roe Blvd Roeland Park, KS 66205

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    • Lifestyle centers
    • 2,883 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 0 Nwc 50 & Roe Blvd

    Year built
    2006
    Property size
    2,883 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    Bella Roe Plaza, located at the Northwest corner of 50th & Roe Blvd in Roeland Park, Kansas (66205), offers exceptional retail space in a high-traffic area. This Class B shopping center, built in 2006, boasts a total of 2,883 square feet across two suites, with 2,883 square feet currently vacant. Each suite offers flexible space, with a minimum divisible area of 1,243 square feet and a maximum contiguous area of 1,640 square feet. The property features excellent visibility from Roe Boulevard, benefiting from over 22,000 cars passing daily. This prime location is shadow-anchored by a Price Chopper and Lowe's, ensuring high foot traffic. The center also includes a diverse mix of established co-tenants such as US Bank, Subway, Cici's Pizza, Cricket Wireless, and Fantastic Sam's. The property's strategic position is further enhanced by its proximity to a Walmart Supercenter and Aldi. The single-story building is zoned for retail use and is situated in Johnson County. The property consists of five buildings in total. There are no elevators.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Roeland Park
    County
    Johnson
    State
    Kansas
    Longitude
    -94.6397
    Latitude
    39.0376

    Comparable in this City

    • Value Estimation
      $655,000
      9,800 SF

      4980 Roe Blvd

      SHOPPING CENTER, STRIP CENTER • 9,800 SF
      4980 Roe Blvd, Roeland Park, KS 66205-1110
      View Details
    • Value Estimation by Request
      0.12 Acres

      Roeland Park, KS 66205

      SHOPPING CENTER, STRIP CENTER • 0.12 Acres
      Roeland Park, KS 66205
      View Details
    • Value Estimation by Request
      0.34 Acres

      Roeland Park, KS 66205

      SHOPPING CENTER, STRIP CENTER • 0.34 Acres
      Roeland Park, KS 66205
      View Details
    • Value Estimation by Request
      0.09 Acres

      Roeland Park, KS 66205

      SHOPPING CENTER, STRIP CENTER • 0.09 Acres
      Roeland Park, KS 66205
      View Details
    • Value Estimation by Request
      0.30 Acres

      Mission, KS 66205

      SHOPPING CENTER, STRIP CENTER • 0.30 Acres
      Mission, KS 66205
      View Details
    • Value Estimation by Request
      4,580 SF

      4746 Rainbow Blvd

      SHOPPING CENTER, STRIP CENTER • 4,580 SF
      4746 Rainbow Blvd, Westwood, KS 66205-1835
      View Details

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      Retail Space for Lease

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      High-Visibility Shopping Center Space

      Shadow-anchored retail space with high traffic and excellent visibility.
      Nwc 50 & Roe Blvd, Roeland Park, KS 66205
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      130,000 SF

      Retail Space in Mission, Kansas

      Retail or office space available in a 130,000 sq. ft. development.
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      Retail spaces available near Walmart, Lowe’s, and Price Chopper.
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      2,104 SF

      Retail Space in Mission, Kansas

      Retail space with garage and abundant parking in Mission, Kansas.
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      View Details
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    Roeland Park, KS 66205
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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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