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    Property profile & analytics

    1 12th St Parkville, MO 64152

    • Office buildings
    • 25,350 SF
    • 1.74 lot acres
    OFF-MARKET
    Value Estimations
    $2,800,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US48-0627204
    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

    • Office buildings

    Property Details for 1 12th St

    Year built
    1988
    Construction
    CONCRETE
    Lot size
    1.74 lot acres
    Property size
    25,350 SF
    Property type
    Office buildings
    APN
    29-230-04-14
    APU
    292300414

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,597,000
      Market price range: $1.02M - $2.60M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,980,000
      Current use
      AUTO REPAIR, GARAGE
      $3,450,000
      Change: +74% Conversion: Difficult
      RESTAURANT
      $3,340,000
      Change: +69% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $2,795,000
      Change: +41% Conversion: Easy
      RETAIL STORES
      $2,540,000
      Change: +28% Conversion: Moderate
      APARTMENT HOUSE (5+ UNITS)
      $2,185,000
      Change: +10% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $2,120,000
      Change: +7% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Parkville
    County
    Jackson
    State
    Missouri
    Longitude
    -94.5838
    Latitude
    39.0995
    CBSA code
    28140
    CBSA name
    KANSAS CITY, MO-KS METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $1,453,555
    $5,120,000
    $9,920,000
    $15,040,000
    -
    $0.00
    $0.00
    $47,000,000

    Comparable in this City

    • Value Estimation by Request
      1,929 SF

      8701 Riv Park Dr

      PROFESSIONAL BUILDING • 1,929 SF
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    • Value Estimation by Request
      8,610 SF

      6200 Kelly Dr

      OFFICE BUILDING • 8,610 SF
      6200 Kelly Dr, Kansas City, MO 64152-3986
      View Details
    • Value Estimation
      $635,000
      7,772 SF

      6112 State Rte 9th 9

      OFFICE BUILDING • 7,772 SF
      6112 State Rte 9th 9, Parkville, MO 64152-3526
      View Details
    • Value Estimation
      $870,000
      27,168 SF

      7211 83rd St

      OFFICE BUILDING • 27,168 SF
      7211 83rd St, Kansas City, MO 64152-6022
      View Details
    • Value Estimation
      $625,000
      7,080 SF

      8835 63rd St

      OFFICE BUILDING • 7,080 SF
      8835 63rd St, Parkville, MO 64152-3560
      View Details
    • Value Estimation
      $580,000
      8,832 SF

      6004 State Rte 9th 9

      OFFICE BUILDING • 8,832 SF
      6004 State Rte 9th 9, Parkville, MO 64152-3549
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,317 SF

      Historic Downtown Parkville Office Building

      Charming office building in the heart of Parkville's downtown.
      307 Main St, Parkville, MO 64152
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      Historic Downtown Parkville Property

      Charming historic property in the heart of downtown Parkville.
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      Commercial Land on Highway Corner

      Prime commercial land opportunity on Hampton and 45 Highway corner.
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      Commercial Land Near MCI Airport

      2.5 acres of commercial land near MCI Airport.
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      Parkville Missouri Acreage Lot

      Build your dream home on 1.04 acres
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    Similar Nearby for Lease

    • Contact for pricing
      5,000 SF

      Kansas City Office Space Available

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      10,600 SF

      Kansas City Office Space Available

      Office space available for lease in Kansas City, Missouri.
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      1,200 SF

      Retail/Office Space in High-Traffic Area

      1,200 SF retail/office space in a high-traffic location.
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    • Contact for pricing
      20,336 SF

      Office Space in Kansas City

      Office space available for rent in Kansas City, MO.
      120 W 12Th St, Kansas City, MO 64152
      View Details
    • Contact for pricing
      1,500 SF

      Professional Office Space For Rent

      Office space with excellent visibility in front of Platte County YMCA.
      6112 N State Route 9, Kansas City, MO 64152
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    • Contact for pricing
      1,545 SF

      Main Street Retail/Office Space

      Retail or office space with excellent visibility and parking.
      3017 Main St, Kansas City, MO 64152
      View Details
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    1 12th St
    Parkville, MO 64152
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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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