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    Retail properties & Spaces

    7428-7434 Wornall Rd, Kansas City, MO 64114

    0.23 ac lot Built 1920
    Property ID
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a 10,000 square foot retail building located at 7428-7434 Wornall Road in Kansas City, Missouri's vibrant Waldo neighborhood. Built in 1920, this single-story building sits on a 0.23-acre lot and is currently priced at $1,400,000. The property features 2,800 square feet of occupied space, leaving 7,200 square feet available for lease or owner-occupancy. This presents a unique opportunity for both investors and businesses seeking a prominent location in a rapidly developing area. The Waldo neighborhood is undergoing significant improvements as part of the City's final phase of enhancement plans. These improvements include a newly reconstructed roadway, the extension of the Trolley Track Trail from 74th to 75th Street, improved traffic flow and pedestrian accommodations, parking lot modifications at 75th and Wornall Road, new interconnected signals, coordination with the KCMO Smart Sewer Program (featuring green infrastructure), a new sidewalk along 79th Street, new LED streetlights, and a water main replacement on Wornall Road from 75th to 77th Street. These enhancements are poised to significantly increase foot traffic and property value, making this a prime investment opportunity in a rapidly growing area of Kansas City, MO, with a 64114 zip code. The property's strategic location and the ongoing city improvements create a compelling case for substantial future growth and return on investment.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 1920
    Lot 0.23 ac (10,019 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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