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    1503 Main St Grandview, MO 64030-2538
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    Property profile & analytics

    1503 Main St, Grandview, MO 64030-2538

    View on Map
    • Retail space
    • 3,640 SF
    • 0.43 lot acres
    Off-Market
    Property ID
    US48-0177807
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Shred Nations / Recycling Center / Waste Management Facility
    • National Credit Consultants Inc. / Financial Advisor
    • The UPS Store / Courier Service / Postal Service
    • BookSoar / Publishing House
    • Air Control Heating And Cooling LLC / HVAC Service / General Contractor

    Property Details for 1503 Main St

    Year built
    1955
    Construction
    WOOD
    Lot size
    0.43 lot acres
    Property type
    Retail space
    APN
    64-840-19-04
    APU
    648401904

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 29, 2019 — Sunnyq LLC — Deed · related $170k · Commerce Bk
    Mar 19, 2019 — Cheryl Obermiller Wilson,mark & Teresa Quit Claim Deed · related —
    Feb 23, 2001 — Mark E Wilson Wilson,merle E & Carolyn Quit Claim Deed · related —
    — — Sunnyq LLC — Deed Of Trust · related $170k · Commerce Bk

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Grandview
    County
    Jackson
    State
    Missouri
    Longitude
    -94.5277
    Latitude
    38.8887
    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
    $6,373
    $58,656
    $8,928
    $67,584
    -
    $0.00
    $0.00
    $211,200

    Comparable in this City

    • Value Estimation
      $975,000
      9,100 SF

      302 Blue Rdg Ext

      RETAIL STORES (PERSONAL SERVICES)
      302 Blue Rdg Ext, Grandview, MO 64030-1605
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    • Value Estimation by Request
      750 SF

      712 Main St

      RETAIL STORES (PERSONAL SERVICES)
      712 Main St, Grandview, MO 64030-2329
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    • Value Estimation by Request
      2,560 SF

      12401 Grandview Rd

      RETAIL STORES (PERSONAL SERVICES)
      12401 Grandview Rd, Grandview, MO 64030-1724
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    • Value Estimation by Request
      2,400 SF

      11925 Blue Rdg Ext

      RETAIL STORES (PERSONAL SERVICES)
      11925 Blue Rdg Ext, Grandview, MO 64030-1161
      View Details
    • Value Estimation
      $520,000
      3,347 SF

      12401 Blue Rdg Ext

      RETAIL STORES (PERSONAL SERVICES)
      12401 Blue Rdg Ext, Grandview, MO 64030-1740
      View Details
    • Value Estimation by Request
      2,080 SF

      12416 Blue Rdg Ext

      RETAIL STORES (PERSONAL SERVICES)
      12416 Blue Rdg Ext, Grandview, MO 64030-1741
      View Details

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      3,228 SF

      Retail NNN Ground Lease

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    • $1,500,000
      0.33 Acres

      Turnkey Laundromat Investment Opportunity

      Profitable laundromat with loyal customer base and growth potential.
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      309,050 SF

      Grocery-Anchored Retail Center For Sale

      Dominant shopping hub with strong tenants and future development potential.
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    Similar Nearby for Lease

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      3,300 SF

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      3300 SF retail space with high traffic and parking.
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      5,870 SF

      Stand Alone Retail Space Available

      Retail space with dedicated parking and high visibility signage.
      12104 Blue Ridge Ext, Grandview, MO 64030
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      2,055 SF

      Retail Space in Grandview, MO

      Retail space available for lease in Grandview, Missouri.
      11902-11908 Blue Ridge Blvd, Grandview, MO 64030
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    • Contact for pricing
      4,691 SF

      Retail Space in Grandview, MO

      Junior box and small shop opportunities in dominant power center.
      12100-12124 15Th St, Grandview, MO 64030
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    • Contact for pricing
      40,000 SF

      Retail Space in Grandview, MO

      Junior box and small shop opportunities at dominant power center.
      12324 E Frontage Rd, Grandview, MO 64030
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    • Contact for pricing
      21,186 SF

      Retail Space in Grandview, MO

      Retail spaces available at a dominant power center.
      12200-12250 15Th St, Grandview, MO 64030
      View Details
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    Grandview, MO 64030-2538
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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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