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

    2040 Hutton Rd Kansas City, KS 66109-4526

    • Medical offices
    • 25,902 SF
    • 3.53 lot acres
    OFF-MARKET
    Value Estimations
    $2,370,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US33-0914296
    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

    • Cruse Christy L / Pharmacy
    • Hussain Haideri / Nephrologist
    • Molly Cornell / Physical Therapist / Practitioner Service Location
    • Dewald Amber D / Professional Services / Doctor
    • Tina Soltys / Practitioner Service Location / Family Practice Physician

    Property Details for 2040 Hutton Rd

    Year built
    2004
    Lot size
    3.53 lot acres
    Property size
    25,902 SF
    Property type
    Medical offices
    Property subtype
    Medical space
    APN
    280402
    APU
    280402

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,278,000
      Market price range: $1.14M - $2.39M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $1,805,000
      Current use
      RESTAURANT
      $3,880,000
      Change: +115% Conversion: Difficult
      OFFICE BUILDING
      $3,230,000
      Change: +79% Conversion: Easy
      AUTO REPAIR, GARAGE
      $2,960,000
      Change: +64% Conversion: Difficult
      RETAIL STORES
      $2,620,000
      Change: +45% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $2,190,000
      Change: +21% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $1,775,000
      Change: -2% Conversion: Moderate
      INDUSTRIAL (GENERAL)
      $1,765,000
      Change: -2% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Kansas City
    County
    Wyandotte
    State
    Kansas
    Longitude
    -94.8361
    Latitude
    39.1299
    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
    2023
    $172,993
    $440,295
    $546,255
    $986,550
    -
    $1,761,180
    $2,185,020
    $3,946,200

    Comparable in this City

    • Value Estimation by Request
      4,864 SF

      10127 Leavenworth Rd

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    • Value Estimation
      $600,000
      7,522 SF

      11014 Haskell Ave

      DENTAL BUILDING • 7,522 SF
      11014 Haskell Ave, Kansas City, KS 66109-4404
      View Details
    • Value Estimation
      $2,125,000
      22,010 SF

      11008 Haskell Ave

      DENTAL BUILDING • 22,010 SF
      11008 Haskell Ave, Kansas City, KS 66109
      View Details
    • Value Estimation
      $580,000
      7,356 SF

      10203 Leavenworth Rd

      DENTAL BUILDING • 7,356 SF
      10203 Leavenworth Rd, Kansas City, KS 66109-3005
      View Details
    • Value Estimation
      $835,000
      8,150 SF

      11011 Haskell Ave

      DENTAL BUILDING • 8,150 SF
      11011 Haskell Ave, Kansas City, KS 66109-8500
      View Details
    • Value Estimation by Request
      95,844 SF

      2300 113th Ter

      HOMES (RETIRED, NURSING) • 95,844 SF
      2300 113th Ter, Kansas City, KS 66109-3786
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      22,010 SF

      Second Floor Office Space Available

      7975 RSF office space with ample natural light.
      11010 Haskell Ave, Kansas City, KS 66109
      View Details
    • $3,284,424

      Kansas City Development Land

      38.8 Acres Near Speedway & Legends
      11810 Parallel Pkwy, Kansas City, KS 66109
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      2.11 Acres

      Prime Kansas City Lot

      Build Your Dream Home! 2.11 Acres
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      Kansas City Commercial Land Opportunity

      8.8 Acres, Prime Wyandotte County Location
      1748 118Th St, Kansas City, KS 66109
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    • $1,680,000
      21.40 Acres

      Prime Kansas City Farmland

      21.4 Acres, High-Visibility Location
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    • $3,762,500
      17.88 Acres

      Luxury Kansas City Land

      17.88 Acres, Prime Location
      11430 Hollingsworth Rd, Kansas City, KS 66109
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    Similar Nearby for Lease

    • Contact for pricing
      215,240 SF

      Power Retail Shopping Center Space

      850,000 sq ft retail center near major attractions.
      10722 Parallel Pkwy, Kansas City, KS 66109
      View Details
    • $35 SF/Yr

      Retail Pad Site For Lease

      New retail pad site in a power retail shopping center.
      10650 Parallel Pkwy, Kansas City, KS 66109
      View Details
    • Contact for pricing

      Prime Land Parcel For Rent

      Land parcel with high traffic and immediate highway access.
      10940 Parallel Pkwy, Kansas City, KS 66109
      View Details
    • Contact for pricing

      Industrial Land Near I-70/I-435

      Industrial land for lease, build-to-suit, or user land sales.
      N 99Th St, Kansas City, KS 66109
      View Details
    • Contact for pricing
      7,555 SF

      Retail Space Near Kansas Speedway

      Retail space in a shopping center with high visibility.
      10700 Parallel Pkwy, Kansas City, KS 66109
      View Details
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    2040 Hutton Rd
    Kansas City, KS 66109-4526
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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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