Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    200-204 36Th St Kansas City, MO 64111

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    200-204 36Th St Kansas City, MO 64111

    View on Map
    • Apartment buildings
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 200-204 36Th St

    Year built
    1903
    Property type
    Apartment buildings

    Description

    This exceptional multifamily investment opportunity presents two newly renovated apartment buildings located at 200-204 W 36th St, Kansas City, Missouri, 64111. The property boasts a total of 11 units, meticulously updated in 2024. Building configurations include six 2-bedroom/2-bathroom units, two 4-bedroom/2-bathroom units, and three 1-bedroom/1-bathroom units. The buildings, constructed in 1903 and situated on two lots, are three stories high and zoned R-1.5. The property offers a compelling investment profile with an asking price of $2,299,705, a price per unit of $209,064.09, and a strong net operating income (NOI) of $149,480, resulting in a 6.50% capitalization rate. This turnkey investment is ideal for an experienced investor seeking a stable, high-performing asset in a desirable Kansas City location. The property's recent renovations ensure immediate cash flow and long-term value appreciation. The Jackson County location and convenient address provide easy access to local amenities and transportation. This is a rare opportunity to acquire a well-maintained, high-yield multifamily property in a thriving market. The property's strong financial performance and prime location make it an attractive investment for discerning buyers. The APN is 30-220-07-09-00-0-00-000.

    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
    -94.5883
    Latitude
    39.0621

    Comparable in this City

    • Value Estimation by Request
      1,480 SF

      3315 Baltimore Ave

      APARTMENT HOUSE (5+ UNITS) • 1,480 SF
      3315 Baltimore Ave, Kansas City, MO 64111-1309
      View Details
    • Value Estimation by Request
      1,123 SF

      4009 Warwick Blvd

      APARTMENT HOUSE (5+ UNITS) • 1,123 SF
      4009 Warwick Blvd, Kansas City, MO 64111-1985
      View Details
    • Value Estimation by Request
      1,804 SF

      3702 Washington St

      APARTMENT HOUSE (5+ UNITS) • 1,804 SF
      3702 Washington St, Kansas City, MO 64111-2838
      View Details
    • Value Estimation by Request
      2,246 SF

      3918 Mcgee St, Unit 1N

      APARTMENT HOUSE (5+ UNITS) • 2,246 SF
      3918 Mcgee St, Kansas City, MO 64111-1560
      View Details
    • Value Estimation by Request
      3,317 SF

      4335 Mercier St

      APARTMENT HOUSE (5+ UNITS) • 3,317 SF
      4335 Mercier St, Kansas City, MO 64111-4214
      View Details
    • Value Estimation by Request
      2,668 SF

      3921 Wyandotte St, Unit 1

      APARTMENT HOUSE (5+ UNITS) • 2,668 SF
      3921 Wyandotte St, Kansas City, MO 64111-7408
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,373 SF

      Midtown Kansas City Apartment Complex

      Eight-unit apartment complex in desirable Midtown Kansas City neighborhood.
      206 W 34Th St, Kansas City, MO 64111
      View Details
    • Contact for pricing

      Renovated Apartment Building in Kansas City

      Extensively renovated 29-unit apartment building in ideal Southmoreland location.
      4231-4239 Walnut St, Kansas City, MO 64111
      View Details
    • $1,950,000
      0.19 Acres

      Retail Storefront with Apartments

      Retail storefront with two apartments on the second floor.
      1806 W 45Th St, Kansas City, MO 64111
      View Details
    • $2,600,000
      10,000 SF

      Midtown Mixed-Use Investment Opportunity

      9300 SF mixed-use building with apartments and restaurant for sale.
      3756 Broadway Blvd, Kansas City, MO 64111
      View Details
    • $659,000
      0.15 Acres

      Historic Volker Neighborhood Apartments

      Stately 6-unit complex in Midtown Kansas City.
      1017 W 39Th St, Kansas City, MO 64111
      View Details
    • Contact for pricing

      Multifamily Property with 12 Units

      Multifamily property featuring 12 units in Kansas City, Missouri.
      3401 Central St, Kansas City, MO 64111
      View Details

    Similar Nearby for Lease

    • $31 SF/Yr
      46,531 SF

      Class A Office Building

      Class A building with amenities and strong local ownership.
      4520 Main St, Kansas City, MO 64111
      View Details
    • Contact for pricing
      5,000 SF

      Prime Kansas City Lease Opportunity

      Premier renovated space suitable for retail, office, or restaurant.
      4310 Madison Ave, Kansas City, MO 64111
      View Details
    • Contact for pricing
      3,436 SF

      Midtown KC Medical/Retail Space

      Prime location near St. Luke’s and KU Medical Center.
      4240 Southwest Trfy, Kansas City, MO 64111
      View Details
    • Contact for pricing
      866 SF

      Retail Space in West 39th

      Retail spaces for lease in vibrant West 39th Street district.
      900-1000 W 39Th St, Kansas City, MO 64111
      View Details
    • Contact for pricing

      Creative Office/Showroom Space Available

      Creative office or showroom space in historic Roanoke/Valentine neighborhood.
      3612 Karnes Blvd, Kansas City, MO 64111
      View Details
    • Contact for pricing

      Retail Space for Lease

      Retail space available for lease in Kansas City, MO.
      3600 Broadway Blvd, Kansas City, MO 64111
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    200-204 36Th St
    Kansas City, MO 64111
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!