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    Property profile & analytics

    1701 Troost Ave Kansas City, MO 64108

    • Warehouses
    • 5,950 SF
    • 0.56 lot acres
    For Sale
    View listing
    $1,395,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US48-3166274
    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

    • Advanced TRT Clinic / Men'S Health Physician
    • LoyalTe3 L.L.C / Tree Service / Property Maintenance
    • K. A. W. Sports d/b/a Team KC Monarchs Baseball Organization / Youth Organization
    • Kind Human Coworking / Coworking Space

    Property Details for 1701 Troost Ave

    Year built
    1940
    Construction
    WOOD
    Lot size
    0.56 lot acres
    Property size
    5,950 SF
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    29-130-30-09
    APU
    291303009

    Description

    This exceptional 12,500-square-foot industrial property at 1701 Troost Ave, Kansas City, MO 64108, is offered at $1,395,000 ($111.60/sq ft). The building boasts a desirable combination of warehouse and refrigerated/cold storage space, making it ideal for a variety of uses. The warehouse features 16-foot clear ceilings and four convenient drive-in doors for efficient loading and unloading. Approximately 6,500 square feet of the building is heated industrial space. The property also includes a substantial 14,000-square-foot fenced gravel lot, secured by an electronic gate, providing ample outdoor storage or maneuvering space. This property presents a compelling investment opportunity, currently occupied by a month-to-month tenant, or an excellent owner-user option. Its central location in Jackson County offers easy access to major highways, and the surrounding neighborhood is experiencing positive growth. The property's recent renovations enhance its appeal and functionality.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $225,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $176,000
      Market price range: $176k - $440k

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

    Location Insight

    • Map
    • Local Demand
    City
    Kansas City
    County
    Jackson
    State
    Missouri
    Longitude
    -94.5698
    Latitude
    39.0927
    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
    $6,960
    $39,008
    $36,192
    $75,200
    -
    $0.00
    $0.00
    $235,000

    Comparable in this City

    • Value Estimation
      $235,000
      7,930 SF

      1213 27th St

      MINI-WAREHOUSE, STORAGE • 7,930 SF
      1213 27th St, Kansas City, MO 64108
      View Details
    • Value Estimation
      $615,000
      36,000 SF

      1501 A W 27th Sta

      MINI-WAREHOUSE, STORAGE • 36,000 SF
      1501 A W 27th Sta, Kansas City, MO 64108
      View Details
    • Value Estimation
      $275,000
      7,896 SF

      601 27th St

      MINI-WAREHOUSE, STORAGE • 7,896 SF
      601 27th St, Kansas City, MO 64108
      View Details
    • Value Estimation
      $350,000
      19,840 SF

      2401 Swsw Blvd

      MINI-WAREHOUSE, STORAGE • 19,840 SF
      2401 Swsw Blvd, Kansas City, MO 64108-2344
      View Details
    • Value Estimation
      $265,000
      10,800 SF

      2541 Swsw Blvd

      MINI-WAREHOUSE, STORAGE • 10,800 SF
      2541 Swsw Blvd, Kansas City, MO 64108-2345
      View Details
    • Value Estimation
      $385,000
      2,328 SF

      2748 Swsw Blvd

      MINI-WAREHOUSE, STORAGE • 2,328 SF
      2748 Swsw Blvd, Kansas City, MO 64108-3554
      View Details

    Similar Nearby for Sale

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      Industrial Warehouse with Fenced Parking

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    • $1,395,000
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      Kansas City Warehouse For Sale

      11,000 sq ft warehouse in Kansas City, Missouri.
      1701 Troost Ave, Kansas City, MO 64108
      View Details
    • $1,095,000
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      Industrial Building in Kansas City

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    • $495,000
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      Industrial Warehouse with Fenced Lot

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    Similar Nearby for Lease

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      Kansas City Warehouse with Storage

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    • $6 SF/Yr
      23,612 SF

      Industrial Space with Dock-High Doors

      Industrial space featuring dock-high doors and immediate highway access.
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    • $5,000 /Mo
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      Office and Warehouse Space Available

      Office and warehouse space near Downtown with highway access.
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    • $5 SF/Yr
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      Crossroads Lower-Level Storage Space

      Lower-level storage space in the heart of Crossroads.
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      Crossroads Creative Office Space

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      View Details
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    Kansas City, MO 64108
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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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