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    10940 Parallel Pkwy Kansas City, KS 66109
    Property profile & analytics

    10940 Parallel Pkwy, Kansas City, KS 66109

    View on Map
    • Strip malls
    • 37,826 SF
    • 7.02 lot acres
    For Lease
    $3,385,000
    View Listing →
    Prime Land Parcel For Rent For Lease
    $3,385,000

    Prime Land Parcel For Rent

    Land parcel with high traffic and immediate highway access.

    10940 Parallel Pkwy, Kansas City, KS
    View Listing
    Property ID
    US33-0498816
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • J&J Roofing / Roofing Company / General Contractor
    • Quest Diagnostics / Medical Clinic
    • Piper Family Dentistry / Dental Office
    • Eikenbary Brad W DDS / Dental Office
    • Nichole Didier, DPT / Physician

    Property Details for 10940 Parallel Pkwy

    Year built
    2005
    Construction
    BRICK
    Lot size
    7.02 lot acres
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    289902
    APU
    289902

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $3,187,000
      Market price range: $1.37M - $3.19M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $2,330,000
      Current use
      OFFICE BUILDING
      $4,715,000
      Change: +102% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $4,325,000
      Change: +86% Conversion: Difficult
      RETAIL STORES
      $3,825,000
      Change: +64% Conversion: Easy
      COMMERCIAL (GENERAL)
      $3,200,000
      Change: +37% Conversion: Easy
      MEDICAL BUILDING
      $2,635,000
      Change: +13% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $2,595,000
      Change: +11% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Kansas City
    County
    Wyandotte
    State
    Kansas
    Longitude
    -94.8335
    Latitude
    39.1298
    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
    $342,496
    $508,170
    $1,445,030
    $1,953,200
    -
    $2,032,680
    $5,780,120
    $7,812,800

    Comparable in this City

    • Value Estimation by Request
      2,100 SF

      2015 77th St

      SHOPPING CENTER, STRIP CENTER
      2015 77th St, Kansas City, KS 66109-2324
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    • Value Estimation
      $580,000
      7,280 SF

      10800 Parallel Pkwy

      SHOPPING CENTER, STRIP CENTER
      10800 Parallel Pkwy, Kansas City, KS 66109-3649
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    • Value Estimation
      $575,000
      4,848 SF

      10620 Parallel Pkwy

      SHOPPING CENTER, STRIP CENTER
      10620 Parallel Pkwy, Kansas City, KS 66109-3645
      View Details
    • Value Estimation by Request
      1,848 SF

      7634 Leavenworth Rd

      SHOPPING CENTER, STRIP CENTER
      7634 Leavenworth Rd, Kansas City, KS 66109-1237
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    • Value Estimation
      $28,945,000
      197,528 SF

      10824 Parallel Pkwy

      WHOLESALE OUTLET, DISCOUNT STORE
      10824 Parallel Pkwy, Kansas City, KS 66109-3649
      View Details
    • Value Estimation
      $4,185,000
      46,449 SF

      10500 Parallel Pkwy

      WHOLESALE OUTLET, DISCOUNT STORE
      10500 Parallel Pkwy, Kansas City, KS 66109
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land Available in Kansas City

      Land located at 115th and Parallel Parkway, Kansas City.
      11530 Parallel Pkwy, Kansas City, KS 66109
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    • $160,000
      0.50 Acres

      Build Ready Homesite in Kansas

      Half-acre homesite near Legends in Kansas City, Kansas.
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      Acreage in Kansas City, KS

      6.05 acre residential land parcel in Kansas City, Kansas.
      3100 N 87Th St, Kansas City, KS 66109
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      Land I-435 and Leavenworth

      Land with excellent visibility and easy access from I-435.
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      Land for Sale

      Land available for sale in Kansas City, Kansas.
      10010 Lafayette Ave, Kansas City, KS 66109
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    • $3,389,880
      106.60 Acres

      Prime Land Near New Stadium

      106+ acre development property near future stadium location.
      13622 Leavenworth Rd, Kansas City, KS 66109
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    Similar Nearby for Lease

    • Contact for pricing
      215,240 SF

      Power Retail Shopping Center Space

      850,000 sq ft retail center near major attractions.
      10722 Parallel Pkwy, Kansas City, KS 66109
      View Details
    • Contact for pricing
      7,555 SF

      Retail Space Near Kansas Speedway

      Retail space in a shopping center with high visibility.
      10700 Parallel Pkwy, Kansas City, KS 66109
      View Details
    • Contact for pricing

      Retail Space Available in Kansas

      Retail space available for rent with 18,331 square feet.
      10500 Parallel Pkwy, Kansas City, KS 66109
      View Details
    • Contact for pricing
      1,300 SF

      Retail Space on Parallel Parkway

      Retail space with high visibility and ample parking available for rent.
      7700-7710 Parallel Pkwy, Kansas City, KS 66109
      View Details
    • Contact for pricing
      1,615,000 SF

      400 Acre Logistics Park

      Master planned logistics park near the Kansas Speedway.
      9400 Leavenworth Rd, Kansas City, KS 66109
      View Details
    • Contact for pricing

      Versatile Building on 3+ Acres

      8,085 SF building suitable for various uses, for sale/lease.
      12320 Parallel Pkwy, Kansas City, KS 66109
      View Details
    View Listing
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    Kansas City, KS 66109
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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.

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