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

    1318 W 21St St Kansas City, MO 64108

    • Commercial real estate
    For Sale
    View listing
    $120,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US48-0412219
    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

    • Commercial real estate

    Property Details for 1318 W 21St St

    Property type
    Commercial real estate

    Description

    This exceptional 5,023 square foot residential lot is situated in highly desirable Westside Kansas City, Missouri, at 1318 W 21st Street, zip code 64108. Located on a quiet cul-de-sac, this unique property offers breathtaking sunset views overlooking the West Bottoms. The lot actually encompasses both 1318 and 1322 W 21st Street, providing ample space to build a custom home. Its prime location places it within walking distance of the vibrant Crossroads Arts District, offering easy access to numerous restaurants and shops. The property benefits from its proximity to the new developments and revitalization efforts in the West Bottoms, including the Rock Island Bridge, a future landmark destination. This presents a rare opportunity to build a dream home in a thriving, yet peaceful, urban setting. The asking price for this remarkable lot is $240,000. Don't miss this chance to own a piece of Kansas City's coveted Westside.

    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
    -94.6004399
    Latitude
    39.0882954

    Comparable in this City

    • $218,000

      Westside Kansas City Lot

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    • $118,000

      Kansas City Multifamily Land

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    • $675,000
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      Prime KC Residential Land - 5 Lots

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    • $63,000

      Westside Kansas City Lot

      Build Your Dream Home - Prime Location
      2843 Madison Ave, Kansas City, MO 64108
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    • $60,000

      Kansas City Residential Land Lot

      Prime Westside Lot, 3125 sq ft
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    • $63,000

      Westside Kansas City Lot

      Build Your Dream Home! 3,275 sq ft lot.
      2845 Madison Ave, Kansas City, MO 64108
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    Similar Nearby for Sale

    • $218,000

      Westside Kansas City Lot

      Build Your Dream Home/Business
      2610 Jarboe St, Kansas City, MO 64108
      View Details
    • $60,000

      Kansas City Residential Land Lot

      Prime Westside Lot, 3125 sq ft
      3011 Jarboe St, Kansas City, MO 64108
      View Details
    • $63,000

      Westside Kansas City Lot

      Build Your Dream Home - Prime Location
      2843 Madison Ave, Kansas City, MO 64108
      View Details
    • $118,000

      Kansas City Multifamily Land

      Prime infill development opportunity, Beacon Hill.
      1331 28Th St, Kansas City, MO 64108
      View Details
    • $675,000
      0.75 Acres

      Prime KC Residential Land - 5 Lots

      Five buildable lots, ideal for single-family homes.
      2833 Harrison St, Kansas City, MO 64108
      View Details
    • $74,900

      Westside KC Multifamily Opportunity

      Prime lot, city views, build potential.
      2809 Madison Ave, Kansas City, MO 64108
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    Similar Nearby for Lease

    • Contact for pricing
      113,000 SF

      Imperial Xing

      Flex space • 113,000 SF
      0 Imperial Xing, Kansas City, MO 64108
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    • Contact for pricing

      Corner Lot in Crossroads District

      Land for lease in the Crossroads Arts District.
      1824 Mcgee St, Kansas City, MO 64108
      View Details
    • $34 SF/Yr
      57,340 SF

      Corrigan Station Office Space

      Historic Crossroads District Office
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    • $17 SF/Yr
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      Prime KCMO Office Building

      Historic Office Space, Multiple Suites Available
      30 Pershing Rd, Kansas City, MO 64108
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      Crown Center Executive Suites

      Prestigious KC Office Space Available
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    • $300 /Mo
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      112 W 18th Street Creative Office Space

      Crossroads District: Flexible Creative Office Suites
      112 18Th St, Kansas City, MO 64108
      View Details
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    Kansas City, MO 64108
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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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