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

    1714 Holmes St Kansas City, MO 64108-1539

    • Warehouses
    • 3,397 SF
    • 0.08 lot acres
    OFF-MARKET
    Last Sale
    Mar 30, 2020
    Value Estimations
    $310,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US48-3086274
    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

    • Ashman Strength System / Physical Fitness Program
    • Shea Gordon / Art Gallery
    • Off Planet / Corporate Office
    • Dead Sea Artworks LLC / Art Gallery
    • Phlogistix / Research Foundation

    Property Details for 1714 Holmes St

    Year built
    1926
    Construction
    WOOD
    Lot size
    0.08 lot acres
    Property size
    3,397 SF
    Zone code
    M1
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    29-240-38-08-02
    APU
    29240380802

    Description

    This vibrant Crossroads Arts District property offers 3,600 square feet of immediately available creative office space on the first floor of a two-story building. The total building encompasses 7,000 square feet, divided into four suites. This space is perfect for a variety of uses, including retail, studio, showroom, art gallery, or creative office. The minimum divisible space is 2,500 square feet, making it suitable for both larger and smaller tenants. The interior boasts contemporary finishes, abundant natural light, and attractive exposed brick walls, offering a unique and stylish environment. The flexible layout allows for customization to meet specific business needs. The property's location within the Crossroads Arts District provides excellent visibility and access to a thriving arts and culture scene. Parking is conveniently available in nearby lots or on the street. This is a rare opportunity to secure a highly desirable space in a sought-after location. Don't miss out on this chance to establish your business in a vibrant and inspiring setting.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $240,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $377,000
      Market price range: $224k - $709k

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

    Location Insight

    • Map
    • Local Demand
    City
    Kansas City
    County
    Jackson
    State
    Missouri
    Longitude
    -94.5757
    Latitude
    39.0925
    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
    $1,703
    $29,120
    $40,480
    $69,600
    -
    $0.00
    $0.00
    $217,500

    Comparable in this City

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      208 19th St

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      208 19th St, Kansas City, MO 64108-2002
      View Details
    • Value Estimation
      $385,000
      14,518 SF

      200 25th St

      MINI-WAREHOUSE, STORAGE • 14,518 SF
      200 25th St, Kansas City, MO 64108-2509
      View Details
    • Value Estimation
      $265,000
      9,065 SF

      2611 Swsw Blvd

      MINI-WAREHOUSE, STORAGE • 9,065 SF
      2611 Swsw Blvd, Kansas City, MO 64108-2346
      View Details
    • Value Estimation
      $200,000
      4,535 SF

      1550 29th St

      MINI-WAREHOUSE, STORAGE • 4,535 SF
      1550 29th St, Kansas City, MO 64108
      View Details
    • Value Estimation
      $725,000
      131,661 SF

      2501 Grand Blvd

      MINI-WAREHOUSE, STORAGE • 131,661 SF
      2501 Grand Blvd, Kansas City, MO 64108-2613
      View Details
    • Value Estimation
      $440,000
      12,466 SF

      2501 Swsw Blvd

      MINI-WAREHOUSE, STORAGE • 12,466 SF
      2501 Swsw Blvd, Kansas City, MO 64108-2345
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • $3,500 /Mo
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      Office or warehouse space in the Crossroads Art District.
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      View Details
    • Contact for pricing
      18,000 SF

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      18,000 SF warehouse with heavy power and outside storage.
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    • $12 SF/Yr
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      Industrial property with highway access and high visibility.
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    • $5 SF/Yr
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      Downtown Kansas City Warehouse Space

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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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      View Details
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    Kansas City, MO 64108-1539
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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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