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    1523 W 89Th St, Unit Kansas Kansas City, MO 64114
    Property profile & analytics

    1523 W 89Th St, Unit Kansas Kansas City, MO 64114

    View on Map
    • Amusement parks
    • 21,887 SF
    • 2.12 lot acres
    For Sale
    $575,000
    View Listing →
    Kansas City Entertainment Property For Sale For Sale
    $575,000

    Kansas City Entertainment Property For Sale

    Entertainment property with strong performance and future development potential.

    1523 W 89th St, Kansas City, MO 64114
    View Listing
    Property ID
    US48-0459506
    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

    • Custom Bowling Services / (Bike/Boat/Book/etc) Store / Bowling Alley
    • Ward Parkway Lanes / Bowling Alley

    Property Details for 1523 W 89Th St

    Year built
    1959
    Construction
    WOOD
    Lot size
    2.12 lot acres
    Property size
    21,887 SF
    Property type
    Amusement parks
    APN
    48-330-02-13
    APU
    483300213

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $630,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $523,000
      Market price range: $524k - $2.36M

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

    Location Insight

    • Map
    • Local Demand
    City
    Kansas City
    County
    Jackson
    State
    Missouri
    Longitude
    -94.6067
    Latitude
    38.9666
    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
    $46,460
    $512,224
    $3,872
    $516,096
    -
    $0.00
    $0.00
    $1,612,800

    Comparable in this City

    • Value Estimation by Request
      400 SF

      9403 State Line Rd

      AMUSEMENT PARK • 400 SF
      9403 State Line Rd, Kansas City, MO 64114
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    • Value Estimation by Request

      9229-9300 Grand Ave

      Land
      9229-9300 Grand Ave, Kansas City, MO 64114
      View Details
    • Value Estimation by Request
      46,000 SF

      1740 92Nd St

      Office Spaces • 46,000 SF
      1740 92Nd St, Kansas City, MO 64114
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    • Value Estimation by Request
      0.38 Acres

      Kansas City, MO 64114

      VACANT COMMERCIAL LAND • 0.38 Acres
      Kansas City, MO 64114
      View Details
    • Value Estimation by Request
      0.97 Acres

      Kansas City, MO 64114

      VACANT COMMERCIAL LAND • 0.97 Acres
      Kansas City, MO 64114
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    • Value Estimation by Request
      0.91 Acres

      Kansas City, MO 64114

      VACANT COMMERCIAL LAND • 0.91 Acres
      Kansas City, MO 64114
      View Details

    Similar Nearby for Sale

    • $3,531,000

      Kansas City Entertainment Property For Sale

      Entertainment property with strong performance and future development potential.
      1523 W 89Th St, Kansas City, MO 64114
      View Details
    • Contact for pricing

      Vacant Land on Wornall Road

      Vacant land available near Wornall Road in Kansas City.
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      20,413 SF

      Office Space Near I-435

      Office space with excellent access to I-435 and Holmes.
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      Residential Land in Kansas City

      Land with sewer and water access in Kansas City, MO.
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      Land Available in Kansas City

      Land with sewer and water access, financing fell through.
      9229-9300 Grand Ave, Kansas City, MO 64114
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    • $3,729,690

      Renovated Office Building in Kansas

      43,500 SF office building with 50% occupancy in Kansas.
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    Similar Nearby for Lease

    • Contact for pricing

      0.63 Acre Commercial Land Available

      0.63 acre site, up to 10,000 SF buildable area.
      1307 W 79Th St, Kansas City, MO 64114
      View Details
    • Contact for pricing
      1,551 SF

      Medical Office Space Near Hospital

      Medical office space next to St. Joseph Hospital with flexible floorplans.
      1010 Carondelet Dr, Kansas City, MO 64114
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      19,309 SF

      Modern Office Space Available

      Sublease opportunity with high-end finishes and flexible layout.
      8330 Ward Pkwy, Kansas City, MO 64114
      View Details
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      3,575 SF

      Retail Space Near Price Chopper

      Renovated retail space with high visibility and easy access.
      10111 State Line Rd, Kansas City, MO 64114
      View Details
    • Contact for pricing
      15,241 SF

      Kansas City Office Space Available

      Office space available for rent in Kansas City, Missouri.
      1310 Carondelet Dr, Kansas City, MO 64114
      View Details
    • Contact for pricing
      2,720 SF

      Retail Space in Waldo Corridor

      In-line retail spaces with great access and strong visibility.
      7960-7970 Wornall Rd, Kansas City, MO 64114
      View Details

    Property Visit Statistics

    • Visits by month
      5.8k
    • Visitors by month
      3.8k
    • Avg Time on site
      11 min
    View Listing
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    Kansas City, MO 64114
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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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