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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1115 65th St Kansas City, MO 64131-1202

    • Grocery and convenience stores
    • 5,352 SF
    • 0.42 lot acres
    OFF-MARKET
    Value Estimations
    $340,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US48-0691567
    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

    • Haywood Hambrick DDS / Orthodontist / Dentist
    • Karon D Ramsey Law Office / Attorney
    • Ortho / Medical Clinic
    • Haywood Lee Hambrick / Orthodontist / Dentist
    • Green Designs / Bathroom Remodeler / Home And Construction

    Property Details for 1115 65th St

    Year built
    1965
    Construction
    WOOD
    Lot size
    0.42 lot acres
    Property size
    5,352 SF
    Property type
    Grocery and convenience stores
    APN
    47-130-04-32
    APU
    471300432

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $285,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $395,000
      Market price range: $396k - $965k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $225,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $450,000
      Change: +102% Conversion: Difficult
      WAREHOUSE, STORAGE
      $450,000
      Change: +100% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Kansas City
    County
    Jackson
    State
    Missouri
    Longitude
    -94.5741
    Latitude
    39.0093
    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
    $6,812
    $14,912
    $58,688
    $73,600
    -
    $0.00
    $0.00
    $230,000

    Comparable in this City

    • Value Estimation
      $340,000
      3,200 SF

      1331 Bannister Rd

      CONVENIENCE STORE • 3,200 SF
      1331 Bannister Rd, Kansas City, MO 64131-3024
      View Details
    • Value Estimation
      $345,000
      5,301 SF

      8300 Troost Ave

      CONVENIENCE STORE • 5,301 SF
      8300 Troost Ave, Kansas City, MO 64131-2236
      View Details
    • Value Estimation
      $495,000
      17,084 SF

      400 Red Brg Rd

      CONVENIENCE STORE • 17,084 SF
      400 Red Brg Rd, Kansas City, MO 64131-4035
      View Details
    • Value Estimation
      $295,000
      3,000 SF

      8001 Troost Ave

      CONVENIENCE STORE • 3,000 SF
      8001 Troost Ave, Kansas City, MO 64131-3903
      View Details
    • Value Estimation
      $300,000
      3,182 SF

      705 75th St

      CONVENIENCE STORE • 3,182 SF
      705 75th St, Kansas City, MO 64131-1656
      View Details
    • Value Estimation
      $315,000
      2,584 SF

      8505 Woodland Ave

      CONVENIENCE STORE • 2,584 SF
      8505 Woodland Ave, Kansas City, MO 64131-2622
      View Details

    Similar Nearby for Sale

    • $220,000
      635 SF

      Retail Property in Kansas City

      Storefront property ideal for small businesses in Kansas City.
      8325 Troost Ave, Kansas City, MO 64131
      View Details
    • $450,000
      0.14 Acres

      Commercial Building on Troost Avenue

      Highly visible commercial building with flexible space and ample parking.
      7201 Troost Ave, Kansas City, MO 64131
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    • Contact for pricing

      QSR Pad Site with Drive-Thru

      2,295 SF QSR building on 0.64 acre lot.
      11290 Holmes Rd, Kansas City, MO 64131
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    • $750,000

      Waldo Pavilion Commercial Property

      Mid-century commercial property in Kansas City's Waldo neighborhood.
      7530 Troost Ave, Kansas City, MO 64131
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    • $60,000

      Kansas City Residential Land Deal

      Rare 2-parcel lot, build-ready.
      7418 Tracy Ave, Kansas City, MO 64131
      View Details
    • $850,000
      5,000 SF

      Class A Office Space

      5,000 SF office space with easy highway access.
      1441 E 104Th St, Kansas City, MO 64131
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,400 SF

      Retail Space in Kansas City

      Retail space available in a shopping center anchored by Price Chopper.
      1146-1168 W 103Rd St, Kansas City, MO 64131
      View Details
    • $12 SF/Yr
      11,300 SF

      Prime Retail Space, E. 99th St

      Multi-tenant center; 800-10,500 SF available.
      534-618 99Th St, Kansas City, MO 64131
      View Details
    • Contact for pricing
      127,424 SF

      Landing Shopping Center: Prime Retail Space

      Kansas City retail center, multiple spaces available.
      6301-6319 Troost Ave, Kansas City, MO 64131
      View Details
    • $12 SF/Yr
      2,500 SF

      Retail Space in Shopping Center

      Retail space available in a well-located Kansas City shopping center.
      611 E 99Th St, Kansas City, MO 64131
      View Details
    • $12 SF/Yr
      2,500 SF

      Retail Space in Shopping Center

      Retail space available in a well-located Kansas City shopping center.
      9910-9932 Holmes Rd, Kansas City, MO 64131
      View Details
    • $12 SF/Yr
      2,515 SF

      Prime Bannister Rd Office Space

      Multiple Suites, Flexible Layouts, High Visibility
      400-406 Bannister Rd, Kansas City, MO 64131
      View Details
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    1115 65th St
    Kansas City, MO 64131-1202
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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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