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

    1420 78th St Kansas City, KS 66112-2460

    • Garden apartment buildings
    • 7,092 SF
    • 1.18 lot acres
    OFF-MARKET
    Value Estimations
    $625,000
    Show details
    Cap Rate Potential
    9.9%
    Garden apartment buildings
    Location Intelligence
    Property ID
    US33-0311673
    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

    • Grinter Place State Historic Site / Tourist Attraction / Historical Place Museum

    Property Details for 1420 78th St

    Year built
    1965
    Lot size
    1.18 lot acres
    Property size
    7,092 SF
    Property type
    Garden apartment buildings
    APN
    6001
    APU
    6001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $595,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $654,000
      Market price range: $326k - $655k

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $485,000
      Current use
      OFFICE BUILDING
      $885,000
      Change: +82% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $810,000
      Change: +67% Conversion: Difficult
      RETAIL STORES
      $685,000
      Change: +41% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $600,000
      Change: +23% Conversion: Moderate
      MEDICAL BUILDING
      $495,000
      Change: +2% Conversion: Moderate
      INDUSTRIAL (GENERAL)
      $485,000
      Change: -1% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Kansas City
    County
    Wyandotte
    State
    Kansas
    Longitude
    -94.761
    Latitude
    39.1211
    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
    2023
    $199,987
    $71,801
    $1,144,966
    $1,216,767
    -
    $624,360
    $9,956,230
    $10,580,590

    Comparable in this City

    • Value Estimation
      $605,000
      6,671 SF

      1204 94th Ter

      GARDEN APT, COURT APT (5+ UNITS) • 6,671 SF
      1204 94th Ter, Kansas City, KS 66112-7700
      View Details
    • Value Estimation
      $940,000
      9,720 SF

      915 72nd St

      GARDEN APT, COURT APT (5+ UNITS) • 9,720 SF
      915 72nd St, Kansas City, KS 66112-3018
      View Details
    • Value Estimation
      $670,000
      7,560 SF

      8515 Parallel Pkwy

      GARDEN APT, COURT APT (5+ UNITS) • 7,560 SF
      8515 Parallel Pkwy, Kansas City, KS 66112-1769
      View Details
    • Value Estimation
      $1,590,000
      18,060 SF

      8147 Troup Ave

      GARDEN APT, COURT APT (5+ UNITS) • 18,060 SF
      8147 Troup Ave, Kansas City, KS 66112-2079
      View Details
    • Value Estimation
      $705,000
      17,488 SF

      1902 90th St

      GARDEN APT, COURT APT (5+ UNITS) • 17,488 SF
      1902 90th St, Kansas City, KS 66112-1507
      View Details
    • Value Estimation by Request
      1,288 SF

      1908 76th Dr

      GARDEN APT, COURT APT (5+ UNITS) • 1,288 SF
      1908 76th Dr, Kansas City, KS 66112-2219
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Kansas City Multifamily Investment

      Prime KS location, duplex/triplex potential.
      735 70Th Ter, Kansas City, KS 66112
      View Details
    • $495,000

      Kansas City Multifamily Investment

      Prime KS Apartment Building, $495K
      1314 76Th St, Kansas City, KS 66112
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    • $1,250,000
      11.00 Acres

      Kansas City Multifamily Investment Opportunity

      11-Acre Multifamily Land, Excellent Frontage
      8500 State Ave, Kansas City, KS 66112
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    • $545,000

      Kansas City Multifamily Investment

      84 Lots, Prime Redevelopment Opportunity
      729 71St St, Kansas City, KS 66112
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    • $30,000

      Kansas City Multifamily Land Opportunity

      Prime KS lot, build your duplex!
      7975 Parallel Pkwy, Kansas City, KS 66112
      View Details
    • New
      $235,000
      Pending

      Remodeled Duplex Near Legends Outlets

      Updated duplex near Legends Outlets, Kansas Speedway, and Sporting Kansas.
      834 N 89Th St, Kansas City, KS 66112
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    Similar Nearby for Lease

    • Contact for pricing
      158,816 SF

      Kansas City Retail Center

      158,816 SF Shopping Center - Available Now
      7836 State Ave, Kansas City, KS 66112
      View Details
    • Contact for pricing
      2,520 SF

      Prime KCKS Retail Space For Lease

      2,520 SF Retail Space, 36 Parking Spots
      7833 State Ave, Kansas City, KS 66112
      View Details
    • Contact for pricing
      1,300 SF

      Retail Space on Parallel Parkway

      Retail space with high visibility and ample parking available for rent.
      7700-7710 Parallel Pkwy, Kansas City, KS 66112
      View Details
    • $15 SF/Yr
      960 SF

      Retail Space on Parallel Parkway

      Retail spaces available in refreshed Kansas City strip center.
      8121-8147 Parallel Pkwy, Kansas City, KS 66112
      View Details
    • Contact for pricing
      880 SF

      Retail Space in West State

      Inline retail spaces available in Kansas City, Kansas.
      7523-7535 State Ave, Kansas City, KS 66112
      View Details
    • $25 SF/Yr
      104,342 SF

      Medical Office Space for Rent

      Medical office space available within Providence Medical Center Campus.
      8919 Parallel Pkwy, Kansas City, KS 66112
      View Details
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    1420 78th St
    Kansas City, KS 66112-2460
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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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