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    1161 S 12Th St Kansas City, KS 66105
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    Property profile & analytics

    1161 S 12Th St, Kansas City, KS 66105

    View on Map
    • Warehouses
    • 50,600 SF
    • 21.32 lot acres
    For Sale
    $6,000,000
    View Listing →
    Secured Land for Lease For Sale
    $6,000,000
    2.38 Acres

    Secured Land for Lease

    Land available for lease with outside storage and utilities.

    1161 S 12 St, Kansas City, KS
    View Listing
    Property ID
    US33-0570775
    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

    • Levee number 2 / Warehouse & Storage

    Property Details for 1161 S 12Th St

    Year built
    1965
    Lot size
    21.32 lot acres
    Property type
    Warehouses
    APN
    905702
    APU
    905702

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 9, 2022 — 1161 S 12th St V1 LLC Pallet City LLC Special Warranty Deed —
    May 31, 2018 — Pallet City LLC — Deed · related $92k · Country Club Bank

    Description

    This single-tenant industrial warehouse property, located at 1161 S 12th St in Kansas City, Kansas, offers a significant land area ranging from 4 to 17 acres. The property is classified as industrial, specifically a warehouse, and is situated in Wyandotte County, Kansas, with a zip code of 66105. The precise building square footage is currently unavailable. This property presents a unique opportunity for businesses requiring substantial land for operations, storage, or expansion. Its location in Kansas City provides access to major transportation routes and a robust workforce. The property's single-tenant occupancy offers streamlined management and control. Further details regarding lease terms and conditions are available upon request. Interested parties are encouraged to inquire for more information and to schedule a viewing to assess the suitability of this expansive industrial warehouse for their specific needs. The property's geographic coordinates are 39.0755144 latitude and -94.6387394 longitude. This substantial land parcel offers significant potential for various industrial applications.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $3,308,000
      Market price range: $1.45M - $3.31M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $2,230,000
      Current use
      RETAIL STORES
      $4,785,000
      Change: +114% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $4,280,000
      Change: +92% Conversion: Difficult
      MEDICAL BUILDING
      $3,525,000
      Change: +58% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $3,470,000
      Change: +56% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Kansas City
    County
    Wyandotte
    State
    Kansas
    Longitude
    -94.6351
    Latitude
    39.0759
    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
    $179,097
    $489,170
    $542,688
    $1,031,858
    -
    $1,956,680
    $2,170,750
    $4,127,430

    Comparable in this City

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      9,600 SF

      1138 Kansas Ave

      WAREHOUSE, STORAGE
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    • Value Estimation
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      950 Kansas Ave

      WAREHOUSE, STORAGE
      950 Kansas Ave, Kansas City, KS 66105-1238
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    • Value Estimation by Request
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      STORAGE YARD (JUNK, SALVAGE)
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      16,060 SF

      1103 Ml St

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      View Details
    • Value Estimation
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      5,700 SF

      551 2nd St

      WAREHOUSE, STORAGE
      551 2nd St, Kansas City, KS 66105-1437
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      32,000 SF

      Kansas City Industrial Space Available

      Industrial space for sale near downtown Kansas City.
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      View Details
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      $300,000
      0.23 Acres

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      19,400 SF truck maintenance facility with 29 drive-in doors.
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    • $250,000
      1,875 SF

      Mixed-Use Building: Investor Opportunity

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    • Contact for pricing

      Secured Land for Lease

      Land available for lease with outside storage and utilities.
      1161 S 12Th St, Kansas City, KS 66105
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      22,106 SF

      Industrial Building with Outdoor Storage

      22,106 SF industrial building with 2.5 acres storage.
      1141 S 12Th St, Kansas City, KS 66105
      View Details
    • Contact for pricing
      6,000 SF

      Renovated Industrial Building with Storage

      6,000 SF industrial building with fenced outdoor storage.
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      View Details
    • Contact for pricing
      467 SF

      Kansas City Manufacturing/Warehouse Space

      Manufacturing/warehouse space with heavy power, central location, signage available.
      801-827 S 7Th St, Kansas City, KS 66105
      View Details
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    Kansas City, KS 66105
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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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