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

    1815 Prospect Ave Kansas City, MO 64127-3100

    • Manufacturing properties
    • 3,720 SF
    • 1.23 lot acres
    OFF-MARKET
    Value Estimations
    $315,000
    Show details
    Cap Rate Potential
    9.5%
    Manufacturing properties
    Location Intelligence
    Property ID
    US48-0671240
    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

    • Kansas City Rubber & Belting Co., Inc. / Rubber Products Supplier
    • Smooth Auto Transport / Shipping Company

    Property Details for 1815 Prospect Ave

    Year built
    1975
    Construction
    WOOD
    Lot size
    1.23 lot acres
    Property size
    3,720 SF
    Property type
    Manufacturing properties
    APN
    28-420-09-19
    APU
    284200919

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $255,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $410,000
      6.5%
      $375,000
      7%
      $350,000

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $190,000
      Current use
      OFFICE BUILDING
      $375,000
      Change: +95% Conversion: Difficult
      WAREHOUSE, STORAGE
      $205,000
      Change: +9% Conversion: Easy
      MEDICAL BUILDING
      $175,000
      Change: -7% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $155,000
      Change: -19% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Kansas City
    County
    Jackson
    State
    Missouri
    Longitude
    -94.5513
    Latitude
    39.0901
    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
    $5,073
    $27,104
    $27,712
    $54,816
    -
    $0.00
    $0.00
    $171,300

    Comparable in this City

    • Value Estimation
      $715,000
      37,000 SF

      2201 Indiana Ave

      MANUFACTURING (LIGHT) • 37,000 SF
      2201 Indiana Ave, Kansas City, MO 64127-4303
      View Details
    • Value Estimation
      $465,000
      17,988 SF

      1800 Myrtle Ave

      MANUFACTURING (LIGHT) • 17,988 SF
      1800 Myrtle Ave, Kansas City, MO 64127-3458
      View Details
    • Value Estimation
      $330,000
      8,044 SF

      1410 Agnes Ave

      MANUFACTURING (LIGHT) • 8,044 SF
      1410 Agnes Ave, Kansas City, MO 64127-2112
      View Details
    • Value Estimation
      $235,000
      5,200 SF

      2101 Truman Rd

      MANUFACTURING (LIGHT) • 5,200 SF
      2101 Truman Rd, Kansas City, MO 64127-1943
      View Details
    • Value Estimation
      $350,000
      1,216 SF

      4800 12th St

      MANUFACTURING (LIGHT) • 1,216 SF
      4800 12th St, Kansas City, MO 64127-1716
      View Details
    • Value Estimation
      $375,000
      18,480 SF

      1550 Benton Blvd

      MANUFACTURING (LIGHT) • 18,480 SF
      1550 Benton Blvd, Kansas City, MO 64127-2621
      View Details

    Similar Nearby for Sale

    • $1,380,000
      23,000 SF

      Industrial Warehouse with Office Space

      23,000 SF warehouse featuring office space and multiple loading docks.
      2007 E 19Th St, Kansas City, MO 64127
      View Details
    • $139,900

      Kansas City Residential Land

      9,000 sq ft lot, prime location.
      1321 Michigan Ave, Kansas City, MO 64127
      View Details
    • Contact for pricing

      Kansas City Land: Build Your Dream

      Prime 4,288 sq ft lot, ideal for new construction.
      2445 Olive St, Kansas City, MO 64127
      View Details
    • $169,900
      0.15 Acres

      Turnkey Duplex in Kansas City

      Fully rented duplex near downtown Kansas City, great investment opportunity.
      2201 Askew Ave, Kansas City, MO 64127
      View Details
    • $45,000
      0.57 Acres

      Residential Land in Kansas City

      Multiple lots totaling 0.57 acres in Kansas City, Missouri.
      2615-2627 Monroe Ave, Kansas City, MO 64127
      View Details
    • $60,000
      0.14 Acres

      Residential Lot in Historic Manor

      Residential land for sale, ready for new construction.
      2108 Garfield Ave, Kansas City, MO 64127
      View Details

    Similar Nearby for Lease

    • $84 SF/Yr
      13,000 SF

      Indiana Ave Industrial Warehouse

      Spacious warehouse, ideal for manufacturing.
      2125 Indiana Ave, Kansas City, MO 64127
      View Details
    • $4 SF/Yr
      80,000 SF

      Kansas City Warehouse - 80,000 SF

      Spacious single-tenant warehouse, ideal for industrial use.
      5224 Winner Rd, Kansas City, MO 64127
      View Details
    • $4 SF/Yr
      80,000 SF

      Kansas City Warehouse Space Available

      80,000 square foot warehouse space for lease in Kansas City.
      5230 Winner Rd, Kansas City, MO 64127
      View Details
    • Contact for pricing
      4,300 SF

      Spacious Office Space with Access

      Office space featuring open floor plan, freight elevator, dock access.
      1921 E Truman Rd, Kansas City, MO 64127
      View Details
    • $1.00 SF/Yr
      16,117 SF

      Kansas City Commercial Space Available

      Prime location suitable for daycare, group home, or church.
      1844 Benton Blvd, Kansas City, MO 64127
      View Details
    • $156 SF/Yr
      9,972 SF

      Truman Road Retail Opportunity

      Prime Kansas City retail space, high visibility.
      2522 Truman Rd, Kansas City, MO 64127
      View Details
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    1815 Prospect Ave
    Kansas City, MO 64127-3100
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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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