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    Property profile & analytics

    7975 Parallel Pkwy Kansas City, KS 66112

    • Small apartment buildings
    For Sale
    View listing
    $30,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US33-0775254
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Small apartment buildings

    Property Details for 7975 Parallel Pkwy

    Property type
    Small apartment buildings

    Description

    This exceptional 11,761 square foot lot, located at 7975 Parallel Parkway in Kansas City, Kansas (zip code 66112), presents a unique investment opportunity. Zoned for multifamily development, this property is ideally suited for the construction of a duplex. The asking price is $30,000, making it an attractive proposition for both builders and investors. Its convenient location offers proximity to shopping near the Legends outlet mall, enhancing its appeal and potential rental income. The lot's size allows for the creation of a comfortable and spacious duplex, catering to the growing demand for rental properties in the area. This is a turnkey opportunity to build to suit, potentially living in one unit while generating rental income from the other. Alternatively, the lot could be subdivided to create additional buildable lots, further increasing the investment potential. This property is ready for immediate development, presenting a rare chance to capitalize on the thriving Kansas City real estate market. The property is classified as land and multifamily, with a residential subtype specifically identifying it as suitable for a duplex, triplex, or quadplex. This prime location in Wyandotte County offers a compelling combination of convenience, affordability, and development potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Kansas City
    County
    Wyandotte
    State
    Kansas
    Longitude
    -94.764377
    Latitude
    39.128246

    Comparable in this City

    • Contact for pricing

      Kansas City Multifamily Investment

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      Kansas City Multifamily Investment

      Prime KS Apartment Building, $495K
      1314 76Th St, Kansas City, KS 66112
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    • $1,250,000
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      Kansas City Multifamily Investment Opportunity

      11-Acre Multifamily Land, Excellent Frontage
      8500 State Ave, Kansas City, KS 66112
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      Kansas City Multifamily Investment

      84 Lots, Prime Redevelopment Opportunity
      729 71St St, Kansas City, KS 66112
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    • New
      $235,000
      1,192 SF

      Remodeled Duplex Near Legends Outlets

      Updated duplex near Legends Outlets, Kansas Speedway, and Sporting Kansas.
      834 N 89Th St, Kansas City, KS 66112
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    • $545,000
      0.01 Acres

      Lots in Redwood Gardens

      84 lots in Redwood Gardens with existing multi-units.
      729 N 71St St, Kansas City, KS 66112
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    Similar Nearby for Sale

    • Contact for pricing

      Kansas City Multifamily Investment

      Prime KS location, duplex/triplex potential.
      735 70Th Ter, Kansas City, KS 66112
      View Details
    • $495,000

      Kansas City Multifamily Investment

      Prime KS Apartment Building, $495K
      1314 76Th St, Kansas City, KS 66112
      View Details
    • $1,250,000
      11.00 Acres

      Kansas City Multifamily Investment Opportunity

      11-Acre Multifamily Land, Excellent Frontage
      8500 State Ave, Kansas City, KS 66112
      View Details
    • $545,000

      Kansas City Multifamily Investment

      84 Lots, Prime Redevelopment Opportunity
      729 71St St, Kansas City, KS 66112
      View Details
    • New
      $235,000
      1,192 SF

      Remodeled Duplex Near Legends Outlets

      Updated duplex near Legends Outlets, Kansas Speedway, and Sporting Kansas.
      834 N 89Th St, Kansas City, KS 66112
      View Details
    • $545,000
      0.01 Acres

      Lots in Redwood Gardens

      84 lots in Redwood Gardens with existing multi-units.
      729 N 71St St, Kansas City, KS 66112
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,520 SF

      Prime KCKS Retail Space For Lease

      2,520 SF Retail Space, 36 Parking Spots
      7833 State Ave, Kansas City, KS 66112
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    • Contact for pricing
      4,200 SF

      Westfield Shopping Center Retail Space

      Kansas City retail space, multiple units available.
      8027-8159 State Ave, Kansas City, KS 66112
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    • $15 SF/Yr
      960 SF

      Retail Space on Parallel Parkway

      Retail spaces available in refreshed Kansas City strip center.
      8121-8147 Parallel Pkwy, Kansas City, KS 66112
      View Details
    • Contact for pricing
      880 SF

      Retail Space in West State

      Inline retail spaces available in Kansas City, Kansas.
      7523-7535 State Ave, Kansas City, KS 66112
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    • $25 SF/Yr
      104,342 SF

      Medical Office Space for Rent

      Medical office space available within Providence Medical Center Campus.
      8919 Parallel Pkwy, Kansas City, KS 66112
      View Details
    • $14 SF/Yr
      1,600 SF

      Retail Space on State Avenue

      Retail space with frontage on high-traffic State Avenue.
      7933 State Ave, Kansas City, KS 66112
      View Details
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    Kansas City, KS 66112
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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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