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

    1941 Central St Kansas City, MO 64108-2029

    • Manufacturing properties
    • 8,888 SF
    • 0.22 lot acres
    OFF-MARKET
    Value Estimations
    $375,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US48-1007429
    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

    • Sutherlin Optical / Optician
    • Sutherlin Optical Lab / Optician

    Property Details for 1941 Central St

    Year built
    1950
    Construction
    WOOD
    Lot size
    0.22 lot acres
    Property size
    8,888 SF
    Zone code
    M1
    Property type
    Manufacturing properties
    APN
    29-520-24-05
    APU
    295202405

    Description

    This exceptional 11,700-square-foot property at 1941 Central Street in Kansas City, Missouri, presents a unique investment opportunity. Located in the vibrant Kansas City MO submarket, this single-tenant building sits on a 0.222-acre lot and offers significant potential for various uses. Originally constructed in 1950, the building is currently vacant, providing a blank canvas for a discerning tenant or investor. The property's zoning allows for retail, office, restaurant, mixed-use, and multi-family development, offering considerable flexibility. The building boasts a substantial 11,700 square feet of space, all available for lease. Its robust power supply, featuring twin 400 AMP service, ensures ample capacity for modern business needs. The property's address is 1941 Central St, Kansas City, MO 64108, within Jackson County. Its convenient location within the Kansas City submarket offers excellent accessibility and visibility. This is an ideal opportunity to establish a flagship location or redevelop a versatile property in a thriving urban area. The property's APN is 29-520-24-05-00-0-00-000. This property is ready for immediate occupancy and offers a rare chance to secure a substantial footprint in a desirable Kansas City location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $345,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $407,000
      Market price range: $304k - $946k

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

    Location Insight

    • Map
    • Local Demand
    City
    Kansas City
    County
    Jackson
    State
    Missouri
    Longitude
    -94.5872
    Latitude
    39.0896
    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
    $17,621
    $160,896
    $29,504
    $190,400
    -
    $0.00
    $0.00
    $595,000

    Comparable in this City

    • Value Estimation
      $255,000
      2,450 SF

      1820 Charlotte St

      MANUFACTURING (LIGHT) • 2,450 SF
      1820 Charlotte St, Kansas City, MO 64108-1711
      View Details
    • Value Estimation
      $260,000
      2,504 SF

      1111 29th St

      MANUFACTURING (LIGHT) • 2,504 SF
      1111 29th St, Kansas City, MO 64108-3531
      View Details
    • Value Estimation
      $280,000
      7,400 SF

      1116 25th St

      MANUFACTURING (LIGHT) • 7,400 SF
      1116 25th St, Kansas City, MO 64108-2306
      View Details
    • Value Estimation
      $235,000
      5,600 SF

      2849 Ter St

      MANUFACTURING (LIGHT) • 5,600 SF
      2849 Ter St, Kansas City, MO 64108-4518
      View Details
    • Value Estimation
      $330,000
      4,000 SF

      1814 Charlotte St

      MANUFACTURING (LIGHT) • 4,000 SF
      1814 Charlotte St, Kansas City, MO 64108
      View Details
    • Value Estimation
      $430,000
      14,827 SF

      3001 Cherry St

      MANUFACTURING (LIGHT) • 14,827 SF
      3001 Cherry St, Kansas City, MO 64108-3124
      View Details

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    Similar Nearby for Lease

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      Modern Flex Space Available

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      Industrial Space on Southwest Boulevard

      Industrial property with highway access and high visibility.
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      Downtown Kansas City Warehouse Space

      Warehouse space with showroom and fenced outside storage yard.
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    • Contact for pricing
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      Imperial Xing

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    Kansas City, MO 64108-2029
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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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