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

    1801 Mcgee St Kansas City, MO 64108-1831

    • Office buildings
    • 9,912 SF
    • 0.23 lot acres
    OFF-MARKET
    Last Sale
    Jan 26, 2022
    Value Estimations
    $460,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US48-3303070
    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

    • Center for Architecture & Design / Association / Organization
    • Peace Christian Church UCC / Church
    • MDL Technology, LLC / Computer Support And Services / Computer Networking Service
    • Crawford Architects LLC / Architect / Design
    • AIA Kansas City / Design / Architect

    Property Details for 1801 Mcgee St

    Year built
    1915
    Construction
    WOOD
    Lot size
    0.23 lot acres
    Property size
    9,912 SF
    Zone code
    C3A2
    Property type
    Office buildings
    APN
    29-520-16-01
    APU
    295201601

    Description

    1801 McGee Street in Kansas City, Missouri offers a rare opportunity to lease executive office space in a historic building. This Class B property, built in 1915, boasts a total of 13,664 square feet and is currently fully vacant, presenting a unique chance for a single tenant or multiple tenants to occupy the entire building. The building is comprised of two suites, offering flexibility for businesses of varying sizes. Minimum divisible space starts at 3,454 square feet, while the maximum contiguous space available is 10,210 square feet. This allows for customization to suit individual needs, whether a small executive team or a larger organization. Located in Jackson County, with a convenient address at 1801 McGee Street, zip code 64108, this property benefits from excellent visibility and accessibility within the vibrant downtown Kansas City area. The property is categorized as both retail and office, making it suitable for a variety of businesses. This is an exceptional opportunity to secure a prominent location in a thriving urban environment. The entire 13,664 square feet is available for lease. This presents a unique chance to establish a strong presence in the heart of Kansas City.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $460,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Kansas City
    County
    Jackson
    State
    Missouri
    Longitude
    -94.5798
    Latitude
    39.0915
    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
    $94,033
    $178,720
    $837,312
    $1,016,032
    -
    $0.00
    $0.00
    $3,175,100

    Comparable in this City

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    • Value Estimation
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      1600 Smt St

      OFFICE BUILDING • 1,500 SF
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    • Value Estimation
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      2301 Mcgee St

      OFFICE BUILDING • 38,054 SF
      2301 Mcgee St, Kansas City, MO 64108-2660
      View Details
    • Value Estimation
      $310,000
      1,427 SF

      2546 Holmes St

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    • Value Estimation
      $425,000
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      2020 Baltimore Ave

      OFFICE BUILDING • 14,100 SF
      2020 Baltimore Ave, Kansas City, MO 64108-1973
      View Details
    • Value Estimation
      $255,000
      4,704 SF

      1815 Central St

      OFFICE BUILDING • 4,704 SF
      1815 Central St, Kansas City, MO 64108-2010
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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      Troost Ave Executive Office Space

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      Prime Kansas City Executive Suites

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      Crossroads Arts District Office Space

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      Crossroads Warehouse: Prime Location

      Mixed-use warehouse, 6,500 sq ft, Crossroads.
      515 Southwest Blvd, Kansas City, MO 64108
      View Details
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    Kansas City, MO 64108-1831
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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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