Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    10899 Summit St Kansas City, MO 64155
    Back to Search
    Property profile & analytics

    10899 Summit St, Kansas City, MO 64155

    View on Map
    • Lifestyle centers
    • 10,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 10899 Summit St

    Year built
    2019
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    This exceptional 10,000 square foot retail shopping center, built in 2019, presents a lucrative investment opportunity in a rapidly expanding area of Kansas City, Missouri. Located at 10899 N Summit Street, Clay County, zip code 64155, this single-story property boasts a highly desirable location, situated conveniently off MO 169 Highway and Shoal Creek Parkway. The center is currently fully leased, offering immediate and consistent cash flow. Its strategic placement within one of North Kansas City's fastest-growing neighborhoods, surrounded by established residential communities like Summit Homes and the Cadence subdivisions, ensures strong tenant demand and future appreciation potential. The property benefits from its proximity to key amenities, including the new, multi-million dollar Northland Soccer Complex, Kansas City International Airport, and several major Meta data centers, further enhancing its appeal and attracting a diverse customer base. The APN is 09-808-00-15-002-00. This fully leased, high-performing asset represents a rare opportunity to acquire a prime retail property in a thriving market. The asking price is $2,700,000. Don't miss this chance to secure a significant return on investment in a dynamic and expanding area of Kansas City.

    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
    Clay
    State
    Missouri
    Longitude
    -94.5879
    Latitude
    39.2904

    Comparable in this City

    • Value Estimation by Request
      81,884 SF

      102nd Oak Trfy

      Lifestyle centers
      102nd Oak Trfy, Kansas City, MO 64155
      View Details
    • Value Estimation by Request
      10,542 SF

      8501 Madison Ave

      Individual retail properties
      8501 Madison Ave, Kansas City, MO 64155
      View Details
    • Value Estimation by Request
      46,500 SF

      111 91St St

      Retail properties & Spaces
      111 91St St, Kansas City, MO 64155
      View Details
    • Value Estimation by Request
      38,750 SF

      232 Barry Rd

      Medical Office Space
      232 Barry Rd, Kansas City, MO 64155
      View Details
    • Value Estimation by Request
      9,600 SF

      11123 Oak Trfy

      Retail properties & Spaces
      11123 Oak Trfy, Kansas City, MO 64155
      View Details
    • Value Estimation by Request
      0.82 Acres

      169 Nwc Barry Rd & Hwy

      Land
      169 Nwc Barry Rd & Hwy, Kansas City, MO 64155
      View Details

    Similar Nearby for Sale

    • $2,722,608

      Freestanding Drive-Thru Restaurant on Large Parcel

      High-performing Dairy Queen on 2.2 acres near major retailers.
      8530 N Oak Trfy, Kansas City, MO 64155
      View Details
    • $365,000
      3.00 Acres

      Residential Land in Kansas City

      Acreage for dream home with city access near I-435.
      108Th St, Kansas City, MO 64155
      View Details
    • $1,855,656
      4.26 Acres

      Corner Lot on 152 Hwy

      Corner lot ideal for high-end office building or headquarters.
      152 Hwy & Maplewoods Pkwy St, Kansas City, MO 64155
      View Details
    • $450,000
      0.88 Acres

      Commercial 5-Plex Investment Opportunity

      Five-unit property with income potential in a desirable location.
      8828 N Main St, Kansas City, MO 64155
      View Details
    • Contact for pricing
      3,751 SF

      Kansas City Commercial Property For Sale

      Commercial property in a growing Kansas City metro area.
      600 Northwest Barry Rd, Kansas City, MO 64155
      View Details
    • Contact for pricing

      Commercial Land in Kansas City

      Land suitable for residential, restaurant, retail, office, or flex space.
      25 N Main St, Kansas City, MO 64155
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Growing Area

      Retail spaces available in high-traffic neighborhood center.
      N Oak Trfy, Kansas City, MO 64155
      View Details
    • Contact for pricing
      1,250 SF

      Retail Space For Lease

      1,250 SF retail space in Kansas City, MO.
      8545 N Oak Trfy, Kansas City, MO 64155
      View Details
    • Contact for pricing
      1,270 SF

      Retail Space in Kansas City

      Retail property available for lease in Kansas City, MO.
      190-206 NE 91St St, Kansas City, MO 64155
      View Details
    • Contact for pricing
      4,140 SF

      Retail Space with Highway Visibility

      Turnkey retail spaces with high traffic and highway access.
      101 NE 91St St, Kansas City, MO 64155
      View Details
    • Contact for pricing
      2,400 SF

      Retail Space with High Visibility

      Retail space for lease with ample parking and renovations coming.
      200-260 NE Barry Rd, Kansas City, MO 64155
      View Details
    • Contact for pricing
      15,994 SF

      Retail Space in Northland Corridor

      15,994 SF retail space in a prime location.
      8330 N Broadway St, Kansas City, MO 64155
      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.
    10899 Summit St
    Kansas City, MO 64155
    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

    Thank You for Inquiry
    10899 Summit St, Kansas City, MO, 64155
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!