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Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Strip malls
10620 Parallel Pkwy Kansas City, KS 66109-3645
Entity Owned
5-yr Hold
Free & Clear
Property ID
US33-0505229
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2014
Construction
BRICK
Total area
4,848 SF
Lot
0.89 ac (38,856 SF)
APN
401709
UPID
US33-0505229
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
Current use
Occupant on record · Public records
-
Starbucks Cafe & Coffee Shop
-
Discount Tire Repair Parts General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$545k
CAP Approach
CAP
$770k
Comparable Approach
Comparable
$409k
Blend (final)
Blend
$575k
Owner & transaction history
10620 Parallel Parkway LLC · 5 yrs held
10620 Parallel Parkway LLC
since 2021
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$605,000
+102.3%
Auto repair, garage
$555,000
+85.5%
Retail stores
$490,000
+64.0%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Kansas City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kansas City submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$545,000
CAP Approach
CAP Return
Estimation
6%
$835,000
6.5%
$770,000
7%
$715,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$605,000
Change: +102% · Conversion: Moderate
AUTO REPAIR, GARAGE
$555,000
Change: +86% · Conversion: Difficult
RETAIL STORES
$490,000
Change: +64% · Conversion: Easy
COMMERCIAL (GENERAL)
$410,000
Change: +37% · Conversion: Easy
Blend value · Realmo final
$575k
Range $518k – $633k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$119 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$95,886
Tax year 2023
Assessed value
$546,825
Assessed 2023
Previous assessed
$578,950
-5.5% YoY
Effective rate
17.54%
On assessed value
Assessed land
$277,075
Assessed improvement
$269,750
Land market value
$1,108,300
Improvement market value
$1,079,000
Total market value
$2,187,300
Applied tax rate
560.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2014
Construction
BRICK
Heating
YES
Cooling
YES
Stories
1
Units
2
Total area
4,848 SF
Lot
0.89 ac (38,856 SF)
APN
401709
UPID
US33-0505229
Jurisdiction
WYANDOTTE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$605,000
AUTO REPAIR, GARAGE
Est. value
$555,000
RETAIL STORES
Est. value
$490,000
COMMERCIAL (GENERAL)
Est. value
$410,000
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2014
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
1
Units
2
Lot
0.89 ac
Current owner
From public records · entity-resolved
10620 Parallel Parkway LLC
Entity
Free & Clear · 5 yrs held
Mailing address
16531 BOLSA CHICA ST STE #304, HUNTINGTON BEACH, CA 92649-3595
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 11, 2021
—
10620 Parallel Parkway LLC
Skn Properties
Special Warranty Deed
—
Jan 11, 2019
—
Skn Properties
Deer Valley Road LLC
Warranty Deed
—
Dec 2, 2013
—
Vre Speedway LLC
Plaza Speedway Development INC
Intrafamily Transfer
related
$1,870,000 · Patriot Bank
Feb 1, 2013
—
Plaza Speedway Develoemnts INC
Plaza Speedway LLC
Corporation Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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