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

    1602 Little Ave Grandview, MO 64030-2529

    • Warehouses
    • 1,539 SF
    • 0.29 lot acres
    OFF-MARKET
    Last Sale
    Dec 01, 2023
    Value Estimations
    $255,000
    Show details
    Cap Rate Potential
    5.1%
    Warehouses
    Location Intelligence
    Property ID
    US48-0257689
    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

    • KC Maxx Performance / Auto Repair Shop

    Property Details for 1602 Little Ave

    Year built
    1970
    Construction
    WOOD
    Lot size
    0.29 lot acres
    Property size
    1,539 SF
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    64-840-01-05
    APU
    648400105

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $265,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $260,000
      6.5%
      $240,000
      7%
      $220,000

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $275,000
      OFFICE BUILDING
      $250,000
      RETAIL STORES
      $190,000
      COMMERCIAL (GENERAL)
      $190,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Grandview
    County
    Jackson
    State
    Missouri
    Longitude
    -94.5261
    Latitude
    38.8932
    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
    $3,696
    $19,264
    $19,936
    $39,200
    -
    $0.00
    $0.00
    $122,500

    Comparable in this City

    • Value Estimation
      $265,000
      252 SF

      12012 Cartwright Ln

      MINI-WAREHOUSE, STORAGE • 252 SF
      12012 Cartwright Ln, Grandview, MO 64030-1180
      View Details
    • Value Estimation
      $240,000
      6,250 SF

      13911 Century Ln

      MINI-WAREHOUSE, STORAGE • 6,250 SF
      13911 Century Ln, Grandview, MO 64030-3963
      View Details
    • Value Estimation
      $405,000
      15,554 SF

      12051 Grandview Rd

      MINI-WAREHOUSE, STORAGE • 15,554 SF
      12051 Grandview Rd, Grandview, MO 64030-1111
      View Details
    • Value Estimation
      $300,000
      8,500 SF

      14004 Norby Rd

      MINI-WAREHOUSE, STORAGE • 8,500 SF
      14004 Norby Rd, Grandview, MO 64030-5707
      View Details
    • Value Estimation
      $430,000
      29,120 SF

      4008 137th Ter

      MINI-WAREHOUSE, STORAGE • 29,120 SF
      4008 137th Ter, Grandview, MO 64030-2834
      View Details
    • Value Estimation
      $655,000
      20,566 SF

      12900 2nd St

      MINI-WAREHOUSE, STORAGE • 20,566 SF
      12900 2nd St, Grandview, MO 64030-2209
      View Details

    Similar Nearby for Sale

    • $750,000
      0.46 Acres

      Warehouse in Prime Grandview Location

      Warehouse property in a high-traffic area of Grandview, Missouri.
      901 Main St, Grandview, MO 64030
      View Details
    • Contact for pricing
      4,800 SF

      Industrial Building with Fenced Yard

      4,800 SF industrial building with office and fenced yard.
      12604 6Th St, Grandview, MO 64030
      View Details
    • $3,950,000
      38,300 SF

      Grandview Industrial Complex

      Three-building warehouse, 38,300 SF
      13903 Norby Rd, Grandview, MO 64030
      View Details
    • $900,000
      0.46 Acres

      Grandview Warehouse - $900,000

      Prime Grandview warehouse; high-traffic location.
      901 Main St, Grandview, MO 64030
      View Details
    • $329,200
      16.46 Acres

      Grandview MO Industrial Land Investment

      16 Acres, $20k/Acre, AG Zoning
      135th And Arrington Rd, Grandview, MO 64030
      View Details
    • $900,000
      0.46 Acres

      Grandview Industrial Warehouse Opportunity

      High-traffic location, updated roof, 0.46 acres.
      901 Main St, Grandview, MO 64030
      View Details

    Similar Nearby for Lease

    • $3 SF/Yr
      105,145 SF

      Grandview Warehouse: 105,145 SF

      High-ceiling warehouse, ideal for industrial use.
      301 High Grove Rd, Grandview, MO 64030
      View Details
    • $5 SF/Yr
      191,800 SF

      Prime Jackson County Warehouse

      191,800 SF Warehouse - For Lease
      13201 Arrington Rd, Grandview, MO 64030
      View Details
    • $36,000
      2,700 SF

      Grandview Warehouse - Main Street

      Prime Grandview Warehouse Space
      1306 Main St, Grandview, MO 64030
      View Details
    • $8 SF/Yr
      16,800 SF

      Grandview Warehouse Space Available

      16,800 SF warehouse space for lease in Grandview.
      4011 E 138Th St, Grandview, MO 64030
      View Details
    • $4 SF/Yr
      221,471 SF

      Grandview Warehouse: 221,471 SF

      Massive industrial warehouse, ideal for large-scale operations.
      11971 Grandview Rd, Grandview, MO 64030
      View Details
    • $4 SF/Yr
      221,471 SF

      Grandview Industrial Property for Rent

      Industrial property available for lease in Grandview, Missouri.
      12051 Grandview Rd, Grandview, MO 64030
      View Details
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    1602 Little Ave
    Grandview, MO 64030-2529
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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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