Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2323 Grand Blvd Kansas City, MO 64108-3558

    • Office buildings
    • 50,000 SF
    • 0.12 lot acres
    OFF-MARKET
    Value Estimations
    $6,190,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US48-0498065
    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

    • National Consumer Alliance / Charitable Organization / Social Service Agency
    • KAN Hard Money Lenders Kansas City MO / Loan Service / Bank
    • Marquee Hospitality LLC / Business Management Consultant
    • My Tempo / Marketing & Advertising / IT Consulting Firm
    • James C Tilden - Seigfreid Bingham, P.C. / Law Firm

    Property Details for 2323 Grand Blvd

    Year built
    1983
    Construction
    STEEL FRAME
    Lot size
    0.12 lot acres
    Property size
    50,000 SF
    Property type
    Office buildings
    APN
    29-520-44-13
    APU
    295204413

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $6,120,000
      Market price range: $2.35M - $6.58M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $4,210,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $5,960,000
      Change: +42% Conversion: Easy
      RESTAURANT
      $5,875,000
      Change: +39% Conversion: Moderate
      RETAIL STORES
      $5,795,000
      Change: +38% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $4,270,000
      Change: +1% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $4,115,000
      Change: -2% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Kansas City
    County
    Jackson
    State
    Missouri
    Longitude
    -94.5811
    Latitude
    39.0863
    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
    $518,274
    $0.00
    $4,622,974
    $4,622,974
    -
    $0.00
    $0.00
    $14,446,795

    Comparable in this City

    • Value Estimation by Request
      1,406 SF

      500 26th St

      OFFICE BUILDING • 1,406 SF
      500 26th St, Kansas City, MO 64108-2749
      View Details
    • Value Estimation
      $5,240,000
      41,651 SF

      1729 Grand Blvd

      OFFICE BUILDING • 41,651 SF
      1729 Grand Blvd, Kansas City, MO 64108-1413
      View Details
    • Value Estimation
      $1,130,000
      8,434 SF

      2600 Grand Blvd

      OFFICE BUILDING • 8,434 SF
      2600 Grand Blvd, Kansas City, MO 64108-4630
      View Details
    • Value Estimation
      $6,270,000
      50,369 SF

      2345 Grand Blvd

      OFFICE BUILDING • 50,369 SF
      2345 Grand Blvd, Kansas City, MO 64108-2663
      View Details
    • Value Estimation
      $3,605,000
      28,268 SF

      2555 Grand Blvd

      OFFICE BUILDING • 28,268 SF
      2555 Grand Blvd, Kansas City, MO 64108-2613
      View Details
    • Value Estimation
      $16,500,000
      135,000 SF

      2300 Main St

      OFFICE BUILDING • 135,000 SF
      2300 Main St, Kansas City, MO 64108-2416
      View Details

    Similar Nearby for Sale

    • $1,430,000
      7,144 SF

      Office Building Near Streetcar

      7,144 SF office building with rooftop deck.
      704-708 E 19Th St, Kansas City, MO 64108
      View Details
    • $2,500,000
      6,500 SF

      Crossroads Multi-Floor Office Building

      6,500 SF office building in Kansas City's Crossroads District.
      322 Southwest Blvd, Kansas City, MO 64108
      View Details
    • $1,695,000
      5,000 SF

      Crossroads Freestanding Office/Retail Building

      5,000 SF office/retail building in the heart of Crossroads.
      2049 Wyandotte St, Kansas City, MO 64108
      View Details
    • Contact for pricing
      6,050 SF

      6,050 SF Office Building

      6,050 SF office building with 34 parking spaces.
      2131 Washington St, Kansas City, MO 64108
      View Details
    • $2,499,000
      67,845 SF

      Office Building with Investment Potential

      Opportunity Zone location, investment or owner/user potential.
      1225 E 18Th St, Kansas City, MO 64108
      View Details
    • $1,430,000
      7,144 SF

      Crossroads Arts District Versatile Property

      Historic building in vibrant district, updated with modern amenities.
      704-706 E 19Th St, Kansas City, MO 64108
      View Details

    Similar Nearby for Lease

    • $23 SF/Yr
      12,997 SF

      Marietta Chair Building Office Space

      Office space available for lease in the Marietta Chair Building.
      2020 Baltimore Ave, Kansas City, MO 64108
      View Details
    • $12 SF/Yr
      5,348 SF

      Troost Ave Executive Office Space

      Prime KCMO Office Suite, 1300 SF Available
      2321 Troost Ave, Kansas City, MO 64108
      View Details
    • $34 SF/Yr
      57,340 SF

      Corrigan Station Office Space

      Historic Crossroads District Office
      1828 Walnut St, Kansas City, MO 64108
      View Details
    • $17 SF/Yr
      750,000 SF

      Prime KCMO Office Building

      Historic Office Space, Multiple Suites Available
      30 Pershing Rd, Kansas City, MO 64108
      View Details
    • $22 SF/Yr
      233,000 SF

      Crown Center Executive Suites

      Prestigious KC Office Space Available
      2405 Grand Ave, Kansas City, MO 64108
      View Details
    • $300 /Mo
      5,000 SF

      112 W 18th Street Creative Office Space

      Crossroads District: Flexible Creative Office Suites
      112 18Th St, Kansas City, MO 64108
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2323 Grand Blvd
    Kansas City, MO 64108-3558
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.