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    Property profile & analytics

    22 63Rd St Kansas City, MO 64113

    • Retail space
    • 4,248 SF
    • 0.29 lot acres
    For Sale
    View listing
    $3,000,000
    Value Estimations
    Cap Rate Potential
    7.2%
    Retail space
    Location Intelligence
    Property ID
    US48-0730552
    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

    • Fiddly Fig / Florist

    Property Details for 22 63Rd St

    Year built
    1930
    Construction
    WOOD
    Lot size
    0.29 lot acres
    Property size
    4,248 SF
    Zone code
    BBD
    Property type
    Retail space
    APN
    47-220-36-03
    APU
    472203603

    Description

    This exceptional two-story commercial property at 22 W. 63rd Street in Kansas City, Missouri, offers a rare opportunity for businesses seeking prime Brookside location. The building totals 6,265 square feet and is currently fully vacant, presenting a unique chance to customize the space to perfectly suit your needs. The property is zoned CC and is located in Jackson County, with a convenient 64113 zip code. Flexible space options are available, with a minimum divisible space of 2,450 square feet and a maximum contiguous space of 6,265 square feet, accommodating a variety of business sizes and configurations. The building's multiple tenancy allows for the possibility of leasing out portions of the space to other businesses, creating a vibrant and collaborative environment. This retail and office space presents an excellent opportunity for businesses seeking high visibility and a strong presence in the desirable Brookside neighborhood. The property's location offers easy access to major transportation routes and a variety of amenities. With its versatile layout and prime location, this property is an ideal investment for businesses seeking to establish or expand their operations in a thriving Kansas City market. The building's two stories provide ample space for various business needs, and the fully vacant status allows for immediate occupancy and customization. Don't miss this chance to secure a prominent location in the heart of Brookside.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $550,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $665,000
      6.5%
      $615,000
      7%
      $570,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $906,000
      Market price range: $257k - $906k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $555,000
      Current use
      AUTO REPAIR, GARAGE
      $580,000
      Change: +5% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $470,000
      Change: -15% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Kansas City
    County
    Jackson
    State
    Missouri
    Longitude
    -94.5892
    Latitude
    39.0142
    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
    $56,109
    $163,456
    $432,000
    $595,456
    -
    $0.00
    $0.00
    $1,860,800

    Comparable in this City

    • Value Estimation
      $600,000
      17,325 SF

      14 62nd Ter

      RETAIL STORES (PERSONAL SERVICES) • 17,325 SF
      14 62nd Ter, Kansas City, MO 64113-1631
      View Details
    • Value Estimation
      $285,000
      2,397 SF

      333 Meyer Blvd

      RETAIL STORES (PERSONAL SERVICES) • 2,397 SF
      333 Meyer Blvd, Kansas City, MO 64113-1764
      View Details
    • Value Estimation
      $530,000
      4,092 SF

      101 63rd St

      RETAIL STORES (PERSONAL SERVICES) • 4,092 SF
      101 63rd St, Kansas City, MO 64113-1615
      View Details
    • Value Estimation
      $445,000
      3,475 SF

      6320 Brookside Plz

      RETAIL STORES (PERSONAL SERVICES) • 3,475 SF
      6320 Brookside Plz, Kansas City, MO 64113-1709
      View Details
    • Value Estimation
      $510,000
      4,088 SF

      6304 Brookside Plz

      RETAIL STORES (PERSONAL SERVICES) • 4,088 SF
      6304 Brookside Plz, Kansas City, MO 64113-1709
      View Details
    • Value Estimation
      $540,000
      12,650 SF

      6327 Brookside Plz

      RETAIL STORES (PERSONAL SERVICES) • 12,650 SF
      6327 Brookside Plz, Kansas City, MO 64113-1708
      View Details

    Similar Nearby for Sale

    • $1,800,000
      5,500 SF

      Brookside Retail Package For Sale

      Two-building retail package in desirable Brookside neighborhood.
      624 E 63Rd St, Kansas City, MO 64113
      View Details
    • $3,000,000
      6,265 SF

      Prime Brookside Executive Office

      Iconic building, 6,265 SF, excellent location.
      22 63Rd St, Kansas City, MO 64113
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    • $2,000,000
      0.71 Acres

      Grand Ave Multifamily Land

      0.71 Acres, South Plaza, KC MO
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    • $375,000

      Development Opportunity Near Antioch Crossings

      Commercial land near Antioch Crossings, excellent development opportunity.
      NE 57Th St, Kansas City, MO 64113
      View Details

    Similar Nearby for Lease

    • $38 SF/Yr
      6,265 SF

      Prime Brookside Office Space

      6,265 SF Retail/Office, Two Spaces Available
      22 63Rd St, Kansas City, MO 64113
      View Details
    • $26 SF/Yr
      1,850 SF

      Prime KC Executive Office Suite

      1,850 SF, 8 Parking Spaces
      6300 Walnut St, Kansas City, MO 64113
      View Details
    • Contact for pricing
      2,368 SF

      Brookside Office Space for Sublease

      2,368 SF office space in the heart of Brookside.
      115 W 63Rd St, Kansas City, MO 64113
      View Details
    • $995 /Mo
      149 SF

      Renovated Office Space in Brookside

      Newly renovated office space in a desirable Brookside location.
      6155 Oak St, Kansas City, MO 64113
      View Details
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    Kansas City, MO 64113
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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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