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Property profile & analytics
OFF-MARKET
Estimated value
$640,000
Strip malls
11635 Kaw Dr Kansas City, KS 66111-1109
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US33-0212410
Property summary
AI-generated overview
This exceptional 14,800 square foot retail strip center, located at 11635 Kaw Drive (K-32 Hwy) in Kansas City, Kansas, presents a fantastic opportunity for businesses seeking high-visibility locations. Currently, there are two available spaces ranging from 1,000 to 1,200 square feet, perfect for a variety of retail or restaurant concepts. The property boasts a total of 90 parking spaces, ensuring ample convenience for customers. Situated in Wyandotte County, with a 66111 zip code, this center benefits from excellent accessibility and high traffic volume. The property is classified as a multi-tenant retail strip center with a restaurant subtype. The building's total square footage is 14,800 square feet, with 3,000 square feet currently vacant and ready for immediate occupancy. This prime location offers significant potential for growth and success. The property's strategic placement along a major highway ensures high visibility and easy access for customers. Don't miss this chance to secure your space in this thriving Kansas City retail hub. Contact us today to learn more about leasing opportunities and explore the possibilities for your business.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1989
Construction
BRICK
Total area
14,800 SF
Lot
2.07 ac (90,256 SF)
APN
240701
UPID
US33-0212410
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
-
Greenleaf Performing Arts Academy - Bonner Springs Training Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$625k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$650k
Blend (final)
Blend
$640k
Owner & transaction history
Built To Fit INC · 20 yrs held
Built To Fit INC
since 2006
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.0M
+14.4%
Medical building
$1.0M
+13.1%
Apartment house (5+ units)
$1.0M
+11.2%
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
$625,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$910,000
Current use
RETAIL STORES
$1,045,000
Change: +14% · Conversion: Easy
MEDICAL BUILDING
$1,030,000
Change: +13% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,015,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$640k
Range $576k – $704k · ±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
$43 / 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
$30,774
Tax year 2023
Assessed value
$194,351
Assessed 2023
Previous assessed
$153,200
+26.9% YoY
Effective rate
15.83%
On assessed value
Assessed land
$40,658
Assessed improvement
$153,693
Land market value
$162,630
Improvement market value
$614,770
Total market value
$777,400
Applied tax rate
110.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1989
Construction
BRICK
Heating
YES
Cooling
YES
Buildings
13
Stories
1
Units
9
Total area
14,800 SF
Lot
2.07 ac (90,256 SF)
APN
240701
UPID
US33-0212410
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$910,000
RETAIL STORES
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$1.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.0M
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
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
1989
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
1
Buildings
13
Units
9
Lot
2.07 ac
Current owner
From public records · entity-resolved
Built To Fit INC
Entity
Mailing address
14160 W 107TH ST, LENEXA, KS 66215-4035
Ownership since
2006
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
Feb 17, 2006
—
Built To Fit INC
Gerald E Hoffine
Warranty Deed
$250,000 · Community National Bank
Oct 3, 2005
—
Gerald E Hoffine
Plantation Partners INC
Warranty Deed
$31,468 · Community National 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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