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    Property profile & analytics

    10306 Troup Ave Kansas City, KS 66111

    • Retail space
    • 9,005 SF
    • 1.04 lot acres
    For Sale
    View listing
    $2,790,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US33-0341072
    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

    • Elite Lawn Care & Maintenance of Kansas City / Lawn Care Service

    Property Details for 10306 Troup Ave

    Year built
    2004
    Lot size
    1.04 lot acres
    Property size
    9,005 SF
    Property type
    Retail space
    APN
    282802
    APU
    282802

    Description

    This exceptional 9,800 sq. ft. single-tenant retail building, constructed in 2003, boasts a prominent location within the Legends Outlets Tourism district in Kansas City, Kansas. Situated on 1.04 acres of land, the Class B property features a striking bronze dome and offers unparalleled visibility, overlooking numerous high-profile businesses including Banana Republic, Coach, Express, Adidas, Nike, Gap, H&M, J.Crew, Tommy Hilfiger, Under Armour, Victoria's Secret, Cerner, Nebraska Furniture Mart, Cabela's, NASCAR, Kansas City Sporting Stadium, Destination Casino, and over 100 other designer outlets, retail, dining, and entertainment venues. The property benefits from 43 total parking spaces and is zoned CP-2. With its high-traffic location and over 22 million annual visitors to the Legends Outlets, this property presents a significant opportunity. The single-story building offers substantial redevelopment potential, including the possibility of adding a second floor to expand the existing footprint. This presents an ideal opportunity for both owner-occupiers and investors seeking a prime retail location in a thriving tourism district. The property's address is 10306 Troup Ave, Kansas City, KS 66111, within Wyandotte County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $635,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,450,000
      6.5%
      $1,340,000
      7%
      $1,245,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $924,000
      Market price range: $72.9k - $924k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $635,000
      Current use
      OFFICE BUILDING
      $1,125,000
      Change: +77% Conversion: Easy
      RESTAURANT
      $825,000
      Change: +30% Conversion: Easy
      AUTO REPAIR, GARAGE
      $770,000
      Change: +21% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $760,000
      Change: +20% Conversion: Easy
      MEDICAL BUILDING
      $630,000
      Change: -1% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $615,000
      Change: -3% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $615,000
      Change: -3% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Kansas City
    County
    Wyandotte
    State
    Kansas
    Longitude
    -94.8202
    Latitude
    39.1273
    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
    2023
    $61,794
    $279,535
    $72,865
    $352,400
    -
    $1,118,140
    $291,460
    $1,409,600

    Comparable in this City

    • Value Estimation
      $13,040,000
      157,135 SF

      10300 Cabela Dr

      RETAIL STORES (PERSONAL SERVICES) • 157,135 SF
      10300 Cabela Dr, Kansas City, KS 66111-1953
      View Details
    • Value Estimation by Request
      1,742 SF

      8535 Kansas Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,742 SF
      8535 Kansas Ave, Kansas City, KS 66111-3307
      View Details
    • Value Estimation by Request
      3,544 SF

      6840 Kansas Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,544 SF
      6840 Kansas Ave, Kansas City, KS 66111-2407
      View Details
    • Value Estimation by Request
      3,144 SF

      9701 Kaw Dr

      RETAIL STORES (PERSONAL SERVICES) • 3,144 SF
      9701 Kaw Dr, Edwardsville, KS 66111-3511
      View Details
    • Value Estimation by Request
      5,038 SF

      104 4th St

      RETAIL STORES (PERSONAL SERVICES) • 5,038 SF
      104 4th St, Edwardsville, KS 66111-1329
      View Details
    • Value Estimation
      $655,000
      4,558 SF

      10621 Parallel Pkwy

      RETAIL STORES (PERSONAL SERVICES) • 4,558 SF
      10621 Parallel Pkwy, Kansas City, KS 66111-1863
      View Details

    Similar Nearby for Sale

    • $2,790,000
      9,800 SF

      Prime Kansas City Storefront

      9,800 SF Retail Space, Vacant, Owner Financing
      10306 Troup Ave, Kansas City, KS 66111
      View Details
    • $2,500,000
      4,633 SF

      Retail Property Near Interstate 435

      Retail property with a new ten-year lease and strong guarantee.
      10635 Kaw Dr, Kansas City, KS 66111
      View Details
    • $335,000
      5,000 SF

      Versatile Commercial Space on Kaw

      Office, warehouse, and showroom space with highway access.
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    • $600,000
      1.00 Acre

      Edwardsville Mixed-Use Investment Opportunity

      Prime 1-acre lot, I-70 & 110th St.
      10814 Riverview Ave, Edwardsville, KS 66111
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    • Contact for pricing
      40,016 SF

      Office Space Near Legends Center

      Office suites available with tenant improvement allowance and highway access.
      1601 N 98Th St, Kansas City, KS 66111
      View Details
    • $600,000

      Commercial Land Near Tourist Attractions

      Land suitable for retail, office, hotel, and residential development.
      10814 Riverview Ave, Edwardsville, KS 66111
      View Details

    Similar Nearby for Lease

    • $8 SF/Yr
      14,800 SF

      Kansas City Retail Center

      Prime Retail Space Available Now
      11635 Kaw Dr, Kansas City, KS 66111
      View Details
    • $240 SF/Yr
      9,800 SF

      Legends Outlets Retail Gem

      High-profile Kansas City retail space
      10306 Troup Ave, Kansas City, KS 66111
      View Details
    • $6 SF/Yr
      11 SF

      Flex Space Available For Rent

      Flex space available with office and drive-in/dock doors.
      10947 Kaw Dr, Kansas City, KS 66111
      View Details
    • $600,000

      Prime Development Site Near Legends

      0.976 acre development site for sale or lease.
      814 N 98Th St, Kansas City, KS 66111
      View Details
    • Contact for pricing

      Land For Rent Kansas City

      Land available for rent in Kansas City, Kansas.
      325 S 62Nd St, Kansas City, KS 66111
      View Details
    • $2,000 /Mo

      Industrial Land with Outdoor Storage

      12.26 acres of industrial land for lease.
      6116 Speaker Rd, Kansas City, KS 66111
      View Details
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    10306 Troup Ave
    Kansas City, KS 66111
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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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