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Property profile & analytics
FOR SALE
Outlet malls
10904 Stadium Pkwy Kansas City, KS 66111
Entity Owned
5-yr Hold
Free & Clear
Property ID
US33-0519119
No photos on file
For Sale
$731,808
10904 Stadium Pkwy, Kansas City, KS 66111
View Listing →
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2006
Construction
BRICK
Total area
99,146 SF
Lot
8.48 ac (369,302 SF)
APN
290208
UPID
US33-0519119
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
-
JCPenney (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.04M
Blend (final)
Blend
$7.31M
Owner & transaction history
Penney Property Sub Holdings LLC · 5 yrs held
Penney Property Sub Holdings LLC
since 2021
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$9.1M
+29.7%
Auto repair, garage
$8.5M
+21.0%
Commercial (general)
$8.4M
+20.0%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$6,995,000
Current use
RESTAURANT
$9,070,000
Change: +30% · Conversion: Easy
AUTO REPAIR, GARAGE
$8,460,000
Change: +21% · Conversion: Difficult
COMMERCIAL (GENERAL)
$8,390,000
Change: +20% · Conversion: Easy
MEDICAL BUILDING
$6,910,000
Change: -1% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$6,795,000
Change: -3% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$6,760,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$7.31M
Range $6.58M – $8.04M · ±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
$74 / 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
$333,271
Tax year 2023
Assessed value
$1,900,593
Assessed 2023
Previous assessed
$1,735,373
+9.5% YoY
Effective rate
17.54%
On assessed value
Assessed land
$451,478
Assessed improvement
$1,449,115
Land market value
$1,805,910
Improvement market value
$5,796,460
Total market value
$7,602,370
Applied tax rate
60.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
For Sale
Year built
2006
Construction
BRICK
Heating
NONE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
99,146 SF
Lot
8.48 ac (369,302 SF)
APN
290208
UPID
US33-0519119
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
RETAIL STORES Current
Est. value
$7.0M
RESTAURANT
Est. value
$9.1M
AUTO REPAIR, GARAGE
Est. value
$8.5M
COMMERCIAL (GENERAL)
Est. value
$8.4M
MEDICAL BUILDING
Est. value
$6.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.8M
INDUSTRIAL (GENERAL)
Est. value
$6.8M
RETAIL STORES Current
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (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
2006
Construction
BRICK
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
8.48 ac
Current owner
From public records · entity-resolved
Penney Property Sub Holdings LLC
Entity
Free & Clear · 5 yrs held
Mailing address
PO BOX 10001, DALLAS, TX 75301-0001
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
May 6, 2026
—
Penney Property Sub Holdings L
—
Deed
related
$600,000,000
Jan 5, 2021
—
Penney Property Sub Holdings LLC
J C Penney Corporation INC
Warranty Deed
—
Sep 6, 2007
—
J C Penney Corporation INC
Epc Holdings Jcp LLC
Special Warranty Deed
—
Mar 31, 2006
—
Epc Holdings Jcp LLC
Red Speedway INC
Special Warranty 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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