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    4301-4307 Troost Ave Kansas City, MO 64110
    Property profile & analytics

    4301-4307 Troost Ave, Kansas City, MO 64110

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    • Warehouses
    • 0.49 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 4301-4307 Troost Ave

    Year built
    1913
    Lot size
    0.49 lot acres
    Property type
    Warehouses
    Property subtype
    Retail properties & Spaces

    Description

    This exceptional Kansas City, Missouri property at 4301-4307 Troost Avenue presents a unique redevelopment opportunity. The 0.49-acre lot features a three-story, 1913-built building complex currently configured as a blend of retail and residential spaces. Three interconnected retail spaces (4301, 4303, and 4305) boast high ceilings and individual exterior entrances. Above the first two retail units, eight apartments are situated across two floors (four apartments per building). A full basement with 10-foot ceilings is located beneath 4301. Adding to the potential, a single-family home on the south side of the property offers flexibility – it could be renovated or removed to create additional parking. The asking price is $854,000. The seller has provided complete architectural blueprints from a local architect and is actively working with the city to secure necessary construction permits. These plans are available for review, offering a significant head start for any prospective buyer. This mixed-use property in the Troost Corridor presents a compelling investment opportunity with substantial upside potential for a savvy developer. The property's existing structure and the seller's proactive engagement with the city streamline the redevelopment process, minimizing potential delays. The combination of retail, residential, and potential parking expansion makes this a versatile and attractive proposition.

    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
    -94.5722
    Latitude
    39.0486

    Comparable in this City

    • Value Estimation by Request
      2,000 SF

      1308 63rd St

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      1308 63rd St, Kansas City, MO 64110-3426
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    • Value Estimation by Request
      675 SF

      5924 Troost Ave

      WAREHOUSE, STORAGE
      5924 Troost Ave, Kansas City, MO 64110-3146
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    • Value Estimation by Request
      4,080 SF

      4327 Troost Ave

      MINI-WAREHOUSE, STORAGE
      4327 Troost Ave, Kansas City, MO 64110-1705
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    • Value Estimation by Request
      3,534 SF

      4336 Woodland Ave

      INDUSTRIAL LOFT BUILDING
      4336 Woodland Ave, Kansas City, MO 64110-1454
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    • Value Estimation by Request
      2,661 SF

      5706 Troost Ave

      INDUSTRIAL (GENERAL)
      5706 Troost Ave, Kansas City, MO 64110-2826
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    • Value Estimation by Request
      1,224 SF

      4325 Troost Ave

      MANUFACTURING (LIGHT)
      4325 Troost Ave, Kansas City, MO 64110-1705
      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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