Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1155 Adams St Kansas City, KS 66103

    • Office buildings
    • 35,788 SF
    • 1.95 lot acres
    For Lease
    View listing
    $11 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US33-0641095
    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

    • Parsons Corporation / Engineer
    • Proforma Promotionally Yours / Film Production / Television Studio
    • Financial Wize Mortgage Lenders Kansas City KS / Nursing Home / Retirement Community
    • Addiction Treatment Information / Social Service Agency / Medical Clinic
    • Bozich Architects / Architect

    Property Details for 1155 Adams St

    Year built
    1994
    Construction
    FRAME
    Lot size
    1.95 lot acres
    Property size
    35,788 SF
    Property type
    Office buildings
    APN
    220615
    APU
    220615

    Description

    Adams Place, located at 1155 Adams St, Kansas City, KS 66103, presents a unique opportunity for businesses seeking executive office space in Wyandotte County. This property offers a total of 10,636 square feet, currently entirely vacant and available for lease. The building is comprised of seven individual suites, providing flexibility for various business needs. The minimum leasable space is 798 square feet, while the maximum contiguous space available is the entire 10,636 square feet. This allows for businesses of all sizes to find a suitable space. The building offers ample parking, with a ratio of approximately 4.5 spaces per 1,000 square feet. The property is classified as an Executive Office building, suggesting high-quality finishes and amenities, ideal for professional businesses. Its location in Kansas City, Kansas provides easy access to major transportation routes and a vibrant business community. The property is ready for immediate occupancy, offering a turnkey solution for businesses seeking a prestigious and functional workspace. Interested parties are encouraged to inquire about lease terms and availability. This is a rare opportunity to secure a substantial and well-located office space in a thriving area. The address is easily accessible and conveniently located within Wyandotte County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,680,000
      Market price range: $2.32M - $6.58M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $4,865,000
      Current use
      AUTO REPAIR, GARAGE
      $4,095,000
      Change: -16% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Kansas City
    County
    Wyandotte
    State
    Kansas
    Longitude
    -94.6115
    Latitude
    39.0757
    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
    $93,615
    $47,020
    $522,280
    $569,300
    -
    $188,080
    $2,089,120
    $2,277,200

    Comparable in this City

    • Value Estimation by Request
      2,770 SF

      4601 Rainbow Blvd

      OFFICE BUILDING • 2,770 SF
      4601 Rainbow Blvd, Kansas City, KS 66103-3430
      View Details
    • Value Estimation
      $550,000
      4,048 SF

      4600 Rainbow Blvd

      OFFICE BUILDING • 4,048 SF
      4600 Rainbow Blvd, Kansas City, KS 66103-3431
      View Details
    • Value Estimation by Request
      2,889 SF

      2924 40th Ave

      OFFICE BUILDING • 2,889 SF
      2924 40th Ave, Kansas City, KS 66103-2729
      View Details
    • Value Estimation by Request
      6,336 SF

      1153 Swsw Blvd

      OFFICE BUILDING • 6,336 SF
      1153 Swsw Blvd, Kansas City, KS 66103-1909
      View Details
    • Value Estimation
      $510,000
      3,960 SF

      3950 Rainbow Blvd

      OFFICE BUILDING • 3,960 SF
      3950 Rainbow Blvd, Kansas City, KS 66103-2961
      View Details
    • Value Estimation
      $1,175,000
      6,840 SF

      2812 47th Ave

      OFFICE BUILDING • 6,840 SF
      2812 47th Ave, Kansas City, KS 66103-3243
      View Details

    Similar Nearby for Sale

    • New
      $599,000
      Pending

      Versatile Commercial Building with Residential Unit

      Four-unit building with office spaces and residential loft apartment.
      1119-1125 Merriam Ln, Kansas City, KS 66103
      View Details
    • $100,000
      0.33 Acres

      Kansas City Land Opportunity

      Double lot suitable for rental property development near KU Med.
      4124 S Minnie St, Kansas City, KS 66103
      View Details
    • $200,000
      1.03 Acres

      Land Near KU Med Center

      Acre of land near KU Med, 39th Street, Westport, and Plaza.
      3748 R Springfield St, Kansas City, KS 66103
      View Details
    • $42,500

      Kansas City Residential Land Parcel

      Level lot, 11,326 sq ft, prime location.
      1512 Lake Ave, Kansas City, KS 66103
      View Details
    • Contact for pricing
      22,800 SF

      Highway Pad Site Land

      5.67 acres along I-35 and Cambridge Circle Drive.
      1121 W Cambridge Circle Dr, Kansas City, KS 66103
      View Details
    • $30,000
      0.26 Acres

      Residential Lot Near I-35

      0.26-acre residential lot near I-35, KU Medical Center, downtown KCMO.
      515 Garnett Ave, Kansas City, KS 66103
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,495 SF

      Retail Space Near University

      Retail space near the University of Kansas Medical Center.
      3930 Rainbow Blvd, Kansas City, KS 66103
      View Details
    • Contact for pricing
      17,206 SF

      Cambridge Business Park: Prime I-35 Location

      17,206 SF Office/Industrial Space For Lease
      1211 Cambridge Circle Dr, Kansas City, KS 66103
      View Details
    • Contact for pricing
      3,126 SF

      Kansas City Business Center

      Executive Suites & Warehouse Space Available
      100-132 Abbie Ave, Kansas City, KS 66103
      View Details
    • Contact for pricing
      50,000 SF

      Cambridge Business Park: 50,000 SF

      Modern Kansas City Office/Industrial Space
      SITE 20 Cambridge Business Park, Kansas City, KS 66103
      View Details
    • Contact for pricing
      40,000 SF

      Cambridge Business Park: Site 19

      Kansas City Office/Flex Space - 40,000 SF
      & I-35 Adams St, Kansas City, KS 66103
      View Details
    • Contact for pricing
      4,495 SF

      Retail/Medical Space Near University

      Retail and medical space near the University of Kansas Medical Center.
      3900-3928 Rainbow Blvd, Kansas City, KS 66103
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1155 Adams St
    Kansas City, KS 66103
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.