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    Property profile & analytics

    1509 Scott Ave Belton, MO 64012-1487

    • Grocery and convenience stores
    • 2,690 SF
    • 0.70 lot acres
    OFF-MARKET
    Value Estimations
    $320,000
    Show details
    Cap Rate Potential
    8.5%
    Grocery and convenience stores
    Location Intelligence
    Property ID
    US48-1102666
    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

    • Grocery and convenience stores

    Property Details for 1509 Scott Ave

    Year built
    1975
    Lot size
    0.70 lot acres
    Property size
    2,690 SF
    Property type
    Grocery and convenience stores
    APN
    05-01-02-100-000-006.001
    APU
    50102100000006001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $320,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $455,000
      6.5%
      $420,000
      7%
      $390,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $221,000
      Market price range: $218k - $331k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $350,000
      COMMERCIAL (GENERAL)
      $305,000
      AUTO REPAIR, GARAGE
      $255,000
      MEDICAL BUILDING
      $220,000
      RETAIL STORES
      $195,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Belton
    County
    Cass
    State
    Missouri
    Longitude
    -94.5322
    Latitude
    38.8421
    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
    $8,934
    $23,000
    $78,930
    $101,930
    -
    $71,880
    $246,650
    $318,530

    Comparable in this City

    • Value Estimation
      $340,000
      4,200 SF

      7905 171st St

      CONVENIENCE STORE • 4,200 SF
      7905 171st St, Belton, MO 64012-5334
      View Details
    • Value Estimation
      $360,000
      2,430 SF

      1303 En Ave

      CONVENIENCE STORE • 2,430 SF
      1303 En Ave, Belton, MO 64012-5109
      View Details
    • Value Estimation
      $680,000
      68,755 SF

      109 Cedar Dr

      GROCERY, SUPERMARKET • 68,755 SF
      109 Cedar Dr, Belton, MO 64012-2623
      View Details
    • Value Estimation
      $565,000
      70,857 SF

      1307 En Ave

      GROCERY, SUPERMARKET • 70,857 SF
      1307 En Ave, Belton, MO 64012-5109
      View Details
    • Value Estimation
      $280,000
      2,172 SF

      913 Scott Ave

      CONVENIENCE STORE • 2,172 SF
      913 Scott Ave, Belton, MO 64012-1761
      View Details
    • Value Estimation
      $315,000
      2,660 SF

      111 Scott Ave

      CONVENIENCE STORE • 2,660 SF
      111 Scott Ave, Belton, MO 64012-2003
      View Details

    Similar Nearby for Sale

    • $600,000
      2,656 SF

      Freestanding Commercial Building For Sale

      2,656 SF commercial building with ample parking.
      444 N Scott Ave, Belton, MO 64012
      View Details
    • New
      $795,000
      0.15 Acres

      Established Brewery on Main Street

      Thriving brewery with loyal customer base in downtown Belton.
      422 Main St, Belton, MO 64012
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    • $5,447,500
      10,908 SF

      Prime Belton CVS Pharmacy Investment

      High-yield CVS, absolute NNN lease, strong sales.
      409 North Ave, Belton, MO 64012
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    • $700,000
      4,800 SF

      Leased Retail/Flex Property For Sale

      Leased retail/flex property with rear lot storage and parking.
      500 N Scott Ave, Belton, MO 64012
      View Details
    • $7,000,000
      26,485 SF

      Retail Center in South Kansas

      26,427 SF shopping center in high-traffic retail area.
      908 E North Ave, Belton, MO 64012
      View Details
    • $7,000,000
      29,034 SF

      Prime Belton Retail Center

      High-traffic retail space, $7M asking.
      800 Quiktrip Way, Belton, MO 64012
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      20,844 SF

      Retail Space in Belton, MO

      Retail space available on a major retail corridor near Kansas City.
      1135-1157 E North Ave, Belton, MO 64012
      View Details
    • $17 SF/Yr
      89,130 SF

      Cedar Tree Shopping Center Investment

      Belton, MO Retail Center - 6 Spaces Available
      100-172 Cedar Tree Sq, Belton, MO 64012
      View Details
    • Contact for pricing
      540 SF

      Retail Space with Highway Visibility

      Retail spaces available for lease with high traffic volume.
      1729-1833 E North Ave, Belton, MO 64012
      View Details
    • $10 SF/Yr
      15,120 SF

      Belton Retail Space - 15,120 SF

      Prime Belton retail space, high traffic corner.
      1400 North Ave, Belton, MO 64012
      View Details
    • $13 SF/Yr
      4,775 SF

      Belton Retail Space For Lease

      1,027 SF Office/Retail in High-Traffic Area
      8446 Clint Dr, Belton, MO 64012
      View Details
    • Contact for pricing
      5,196 SF

      Belton Office Space For Rent

      5,196 SF office space with private entrance in Belton, MO.
      119 Congress St, Belton, MO 64012
      View Details
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    1509 Scott Ave
    Belton, MO 64012-1487
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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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