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    1400 13th St Kansas City, MO 64102-1020

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    1400 13th St Kansas City, MO 64102-1020

    View on Map
    • Warehouses
    • 7,560 SF
    • 0.20 lot acres
    Off-Market
    Last Sale Oct 31, 2024
    Property ID
    US48-0846365
    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.
    Value Estimations
    $990,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • 1400 W 13th St / Wedding Service / Photography Service
    • DRAW Architecture + Urban Design LLC / Architecture Firm / Interior Designer

    Property Details for 1400 13th St

    Year built
    1895
    Construction
    WOOD
    Lot size
    0.20 lot acres
    Property size
    7,560 SF
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    29-330-03-04
    APU
    293300304

    Description

    This exceptional executive office space, located at 1400 W 13th Street in Kansas City, Missouri, offers 5,316 square feet of meticulously designed workspace. Situated on the second floor of a three-story building, this single-tenant property boasts classic historic charm, highlighted by exposed brick walls and vaulted ceilings. The open floor plan provides flexibility for various business configurations, while abundant natural light creates a vibrant and productive atmosphere. Modern conveniences include newly installed elevators and conveniently located common area restrooms. The property sits on an 8,501 square foot lot and is zoned M3-5. Its prime location within the Historic West Bottoms neighborhood offers unparalleled access to the vibrant 12th Street Bridge Entertainment District, a thriving hub of activity. This area is home to over 30 businesses, including numerous antique shops, and is known for its lively First Friday block parties and weekend maker fairs. The property's APN is 29-330-03-04-00-0-00-000 and the zip code is 64102. This unique blend of historical character and modern amenities makes this property an ideal location for businesses seeking a distinctive and inspiring work environment in a dynamic Kansas City neighborhood. The building consists of a single suite.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,245,000
      6.5%
      $1,150,000
      7%
      $1,065,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $890,000
      Market price range: $181k - $891k

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

    Location Insight

    • Map
    • Local Demand
    City
    Kansas City
    County
    Jackson
    State
    Missouri
    Longitude
    -94.6017
    Latitude
    39.0999
    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
    $34,884
    $12,288
    $364,640
    $376,928
    -
    $0.00
    $0.00
    $1,177,900

    Comparable in this City

    • Value Estimation
      $1,540,000
      23,142 SF

      1801 Liberty St

      MINI-WAREHOUSE, STORAGE • 23,142 SF
      1801 Liberty St, Kansas City, MO 64102-1009
      View Details
    • Value Estimation by Request
      9,954 SF

      1500 14th St

      MINI-WAREHOUSE, STORAGE • 9,954 SF
      1500 14th St, Kansas City, MO 64102-1057
      View Details
    • Value Estimation
      $1,000,000
      12,136 SF

      1550 Liberty St

      MINI-WAREHOUSE, STORAGE • 12,136 SF
      1550 Liberty St, Kansas City, MO 64102-1016
      View Details
    • Value Estimation
      $585,000
      8,750 SF

      1321 13th St

      MINI-WAREHOUSE, STORAGE • 8,750 SF
      1321 13th St, Kansas City, MO 64102-1021
      View Details
    • Value Estimation by Request
      7,560 SF

      1319 Hickory St

      MINI-WAREHOUSE, STORAGE • 7,560 SF
      1319 Hickory St, Kansas City, MO 64102-1006
      View Details
    • Value Estimation by Request
      2,208 SF

      1701 Liberty St

      MINI-WAREHOUSE, STORAGE • 2,208 SF
      1701 Liberty St, Kansas City, MO 64102-1011
      View Details
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    Kansas City, MO 64102-1020
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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.

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