12505 Parallel Pkwy Kansas City, KS 66109
This exceptional 11-acre property in Kansas City, Kansas, presents a unique investment opportunity. Located at 12505 Parallel Parkway, zip code 66109, the land boasts frontage and easements on both 126th Street and Parallel Parkway. The property is comprised of approximately 1.5 acres zoned residential and 9.5 acres zoned agricultural, offering diverse development possibilities. The residential portion includes a charming 3-bedroom, 1-bathroom single-family home, approximately 1100 square feet, built in 1949. The home is complemented by mature trees and a convenient storage shed. The expansive lot size totals 53,143 square feet, providing ample space for various uses. The agricultural zoning opens doors for a range of agricultural pursuits, while the residential zoning allows for continued use of the existing home or potential redevelopment. This property's strategic location and versatile zoning make it an attractive proposition for investors seeking a blend of residential and agricultural potential. The asking price for this remarkable property is $1,100,000. Serious inquiries are encouraged.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.