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

    12220 15Th St Grandview, MO 64030

    • Community centers
    • 30,001 SF
    • 27.39 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US48-1453256
    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

    • Harry's Liquor / Liquor Store

    Property Details for 12220 15Th St

    Year built
    1957
    Construction
    WOOD
    Lot size
    27.39 lot acres
    Property size
    30,001 SF
    Property type
    Community centers
    APN
    64-500-04-93
    APU
    645000493

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,425,000
      6.5%
      $1,315,000
      7%
      $1,220,000

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,455,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Grandview
    County
    Jackson
    State
    Missouri
    Longitude
    -94.5275
    Latitude
    38.9025
    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
    $1,023,468
    $1,991,328
    $5,946,272
    $7,937,600
    -
    $0.00
    $0.00
    $24,805,000

    Comparable in this City

    • Value Estimation by Request
      8,140 SF

      12348 Us Hwy 71

      MINI-MALL • 8,140 SF
      12348 Us Hwy 71, Grandview, MO 64030-1131
      View Details
    • Value Estimation by Request
      8,880 SF

      3429 Main St

      Neighborhood centers • 8,880 SF
      3429 Main St, Grandview, MO 64030
      View Details
    • Value Estimation by Request
      8,184 SF

      12406 Us Hwy 71

      MINI-MALL • 8,184 SF
      12406 Us Hwy 71, Grandview, MO 64030-1733
      View Details
    • Value Estimation
      $3,450,000
      75,205 SF

      5500 Trumans Marketplace Dr

      MINI-MALL • 75,205 SF
      5500 Trumans Marketplace Dr, Grandview, MO 64030-1767
      View Details
    • Value Estimation
      $1,175,000
      15,032 SF

      4006 Main St

      WHOLESALE OUTLET, DISCOUNT STORE • 15,032 SF
      4006 Main St, Grandview, MO 64030-2226
      View Details
    • Value Estimation
      $665,000
      14,350 SF

      6109 Main St

      SHOPPING CENTER, STRIP CENTER • 14,350 SF
      6109 Main St, Grandview, MO 64030-2692
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      309,050 SF

      Grocery-Anchored Retail Center For Sale

      Dominant shopping hub with strong tenants and future development potential.
      12220 15Th St, Grandview, MO 64030
      View Details
    • $5,804,195
      14,490 SF

      Retail Property in Grandview, MO

      Retail property available for sale in Grandview, Missouri.
      1515 Main St, Grandview, MO 64030
      View Details
    • $1,950,000
      2,944 SF

      Former Restaurant Redevelopment Opportunity

      Former Hardee's on Blue Ridge Blvd in Grandview, Missouri.
      12195 Blue Ridge Ext, Grandview, MO 64030
      View Details
    • $2,170,000
      1.04 Acres

      Grandview Retail Redevelopment Opportunity

      Former Hardee's, 2,944 sq ft, high traffic.
      12195 Blue Ridge Blvd, Grandview, MO 64030
      View Details
    • $700,000
      1.37 Acres

      Grandview Commercial Space on Blue Ridge

      Commercial space in Grandview, high visibility, high traffic exposure.
      12300 Blue Ridge Ext, Grandview, MO 64030
      View Details
    • $1,750,000
      12,000 SF

      Retail Property on S 71

      Retail property with high visibility and large parking lot.
      12414 S Us Highway 71, Grandview, MO 64030
      View Details

    Similar Nearby for Lease

    • $21 SF/Yr
      8,880 SF

      Linwood Plaza Retail Space

      Grandview, MO retail space available.
      3429 Main St, Grandview, MO 64030
      View Details
    • Contact for pricing
      6,000 SF

      Retail Space in Grandview, MO

      Junior box and small shop opportunities in dominant power center.
      12100-12124 15Th St, Grandview, MO 64030
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space in Grandview, MO

      Retail spaces available at a dominant power center.
      12200-12250 15Th St, Grandview, MO 64030
      View Details
    • $12 SF/Yr
      5,870 SF

      Stand Alone Retail Space Available

      Retail space with dedicated parking and high visibility signage.
      12104 Blue Ridge Ext, Grandview, MO 64030
      View Details
    • $2,000 /Mo
      2,000 SF

      Retail Space with Dedicated Parking

      Retail space available May 1st with dedicated parking.
      12142 Blue Ridge Ext, Grandview, MO 64030
      View Details
    • $15 SF/Yr
      3,300 SF

      Retail Space on Main Street

      3300 SF retail space with high traffic and parking.
      6500 Main St, Grandview, MO 64030
      View Details
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    12220 15Th St
    Grandview, MO 64030
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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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