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

    120 72nd St Kansas City, MO 64114-5702

    • Office buildings
    • 2,442 SF
    • 0.16 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US48-3106568
    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

    • Kansas Coring & Cutting / Construction Company / General Contractor
    • Evermac Solutions / Tech Support Center / (Bike/Boat/Book/etc) Store

    Property Details for 120 72nd St

    Year built
    1961
    Construction
    WOOD
    Lot size
    0.16 lot acres
    Property size
    2,442 SF
    Property type
    Office buildings
    APN
    47-530-06-06
    APU
    475300606

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Kansas City
    County
    Jackson
    State
    Missouri
    Longitude
    -94.5912
    Latitude
    38.9978
    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
    $12,142
    $41,568
    $89,632
    $131,200
    -
    $0.00
    $0.00
    $410,000

    Comparable in this City

    • Value Estimation
      $2,830,000
      20,727 SF

      9200 Ward Pkwy

      OFFICE BUILDING • 20,727 SF
      9200 Ward Pkwy, Kansas City, MO 64114-3376
      View Details
    • Value Estimation
      $5,475,000
      41,845 SF

      9300 Ward Pkwy

      OFFICE BUILDING • 41,845 SF
      9300 Ward Pkwy, Kansas City, MO 64114-3317
      View Details
    • Value Estimation
      $1,400,000
      11,070 SF

      9215 Ward Pkwy

      OFFICE BUILDING • 11,070 SF
      9215 Ward Pkwy, Kansas City, MO 64114-3307
      View Details
    • Value Estimation by Request
      744 SF

      8135 Wornall Rd

      OFFICE BUILDING • 744 SF
      8135 Wornall Rd, Kansas City, MO 64114-5815
      View Details
    • Value Estimation
      $2,000,000
      16,340 SF

      9229 Ward Pkwy

      OFFICE BUILDING • 16,340 SF
      9229 Ward Pkwy, Kansas City, MO 64114-3326
      View Details
    • Value Estimation
      $1,455,000
      11,264 SF

      8080 Ward Pkwy

      OFFICE BUILDING • 11,264 SF
      8080 Ward Pkwy, Kansas City, MO 64114-2034
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Prestigious Ward Parkway Office Property

      Prime location with renovated common areas and ample parking.
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      Renovated Office Building in Kansas

      43,500 SF office building with 50% occupancy in Kansas.
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    • $7,950,000
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      Kansas City Office Building For Sale

      112,487 SF office building in Kansas City area.
      9200 Ward Pkwy, Kansas City, MO 64114
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    • $7,950,000

      Kansas City Office Building Investment

      112,487 SF Kansas City office building, renovated in 2022.
      9200 Ward Parkway Plz, Kansas City, MO 64114
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    • $5,100,000

      Modernized Kansas City Office Building

      72,447 SF office building in thriving Kansas City area.
      9233 Ward Parkway Plz, Kansas City, MO 64114
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      Ward Parkway Office Leasing Opportunity

      Prime office building with renovated common areas and ample parking.
      9233 Ward Parkway Plz, Kansas City, MO 64114
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    Similar Nearby for Lease

    • $23 SF/Yr
      37,640 SF

      Kansas City Office Building For Lease

      Office building with covered parking in downtown Kansas City, MO.
      1312 Summit St, Kansas City, MO 64114
      View Details
    • Contact for pricing
      17,674 SF

      Office Space in Kansas City

      20399 SF office space available for rent.
      1310 Carondelet Dr, Kansas City, MO 64114
      View Details
    • Contact for pricing
      1,445 SF

      Liberty Park North Office Suite

      Office suite with exterior signage and free parking available for rent.
      1524 NE 96Th St, Kansas City, MO 64114
      View Details
    • Contact for pricing
      19,309 SF

      Modern Office Space Available

      Sublease opportunity with high-end finishes and flexible layout.
      8330 Ward Pkwy, Kansas City, MO 64114
      View Details
    • Contact for pricing
      3,756 SF

      Medical Office Space Near Hospital

      Medical office space next to St. Joseph Hospital with flexible floorplans.
      1010 Carondelet Dr, Kansas City, MO 64114
      View Details
    • $17 SF/Yr
      46,000 SF

      Prime KCMO Office Space Available

      Class A Office, Sublease Opportunity
      1740 92Nd St, Kansas City, MO 64114
      View Details
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    120 72nd St
    Kansas City, MO 64114-5702
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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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