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Property profile & analytics
FOR LEASE
Warehouses
1161 S 12Th St Kansas City, KS 66105
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US33-0570775
For Lease
$2,200/Mo
1161 S 12Th St, Kansas City, KS 66105
View Listing →
Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1965
Total area
50,600 SF
Lot
21.32 ac (928,743 SF)
APN
905702
UPID
US33-0570775
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
-
Levee number 2 Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.31M
Blend (final)
Blend
$3.34M
Owner & transaction history
1161 S 12th St V1 LLC · 4 yrs held
1161 S 12th St V1 LLC
since 2022
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$4.8M
+114.4%
Commercial (general)
$4.3M
+91.9%
Medical building
$3.5M
+58.1%
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
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
Blend value · Realmo final
$3.34M
Range $3.01M – $3.67M · ±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
$66 / 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
$179,097
Tax year 2023
Assessed value
$1,031,858
Assessed 2023
Previous assessed
$878,531
+17.5% YoY
Effective rate
17.36%
On assessed value
Assessed land
$489,170
Assessed improvement
$542,688
Land market value
$1,956,680
Improvement market value
$2,170,750
Total market value
$4,127,430
Applied tax rate
80.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
1965
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Units
2
Total area
50,600 SF
Lot
21.32 ac (928,743 SF)
APN
905702
UPID
US33-0570775
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
WAREHOUSE, STORAGE Current
Est. value
$2.2M
RETAIL STORES
Est. value
$4.8M
COMMERCIAL (GENERAL)
Est. value
$4.3M
MEDICAL BUILDING
Est. value
$3.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.5M
WAREHOUSE, STORAGE Current
RETAIL STORES
COMMERCIAL (GENERAL)
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1965
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Units
2
Lot
21.32 ac
Current owner
From public records · entity-resolved
1161 S 12th St V1 LLC
Entity
Mailing address
45 MAIN ST STE #506, BROOKLYN, NY 11201-1093
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
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
$91,984 · Country Club Bank
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.
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