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

    2519 Madison Ave Kansas City, MO 64108-2334

    • Office buildings
    • 14,410 SF
    • 0.53 lot acres
    OFF-MARKET
    Last Sale
    Nov 18, 2021
    Value Estimations
    $835,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US48-0852154
    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 Barbecue Society / Non-Profit Organization
    • Whiting-Turner Contracting Company / General Contractor / Construction Company

    Property Details for 2519 Madison Ave

    Year built
    1920
    Construction
    WOOD
    Lot size
    0.53 lot acres
    Property size
    14,410 SF
    Property type
    Office buildings
    APN
    29-440-25-03-02
    APU
    29440250302

    Description

    This exceptional 14,400-square-foot office space presents a rare opportunity for a single tenant to occupy an entire floor in Kansas City's vibrant Crossroads Arts District. Located at 2519 Madison Avenue, zip code 64108, this property offers a unique blend of executive and creative office space, perfect for a company seeking a prominent location and ample room to grow. The building boasts approximately 70 dedicated parking spaces, ensuring convenient access for employees and clients. The property is classified as an office building with a single-tenant occupancy. Situated in Jackson County, Missouri, this location provides easy access to the area's cultural attractions, restaurants, and amenities. The entire 14,400 square feet is currently vacant, allowing for complete customization to suit a tenant's specific needs and design preferences. This is an unparalleled chance to establish a flagship presence in one of Kansas City's most sought-after neighborhoods. The property's prime location and substantial square footage make it an ideal choice for businesses seeking a high-profile address and a collaborative work environment. Don't miss this chance to secure this exceptional space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $645,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,029,000
      Market price range: $678k - $1.90M

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

    Location Insight

    • Map
    • Local Demand
    City
    Kansas City
    County
    Jackson
    State
    Missouri
    Longitude
    -94.5948
    Latitude
    39.0818
    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
    $71,969
    $91,616
    $686,016
    $777,632
    -
    $0.00
    $0.00
    $2,430,100

    Comparable in this City

    • Value Estimation
      $500,000
      24,084 SF

      2101 Charlotte St

      OFFICE BUILDING • 24,084 SF
      2101 Charlotte St, Kansas City, MO 64108-2727
      View Details
    • Value Estimation
      $340,000
      1,500 SF

      1600 Smt St

      OFFICE BUILDING • 1,500 SF
      1600 Smt St, Kansas City, MO 64108-1140
      View Details
    • Value Estimation
      $720,000
      38,054 SF

      2301 Mcgee St

      OFFICE BUILDING • 38,054 SF
      2301 Mcgee St, Kansas City, MO 64108-2660
      View Details
    • Value Estimation
      $310,000
      1,427 SF

      2546 Holmes St

      OFFICE BUILDING • 1,427 SF
      2546 Holmes St, Kansas City, MO 64108-2743
      View Details
    • Value Estimation
      $425,000
      14,100 SF

      2020 Baltimore Ave

      OFFICE BUILDING • 14,100 SF
      2020 Baltimore Ave, Kansas City, MO 64108-1973
      View Details
    • Value Estimation
      $255,000
      4,704 SF

      1815 Central St

      OFFICE BUILDING • 4,704 SF
      1815 Central St, Kansas City, MO 64108-2010
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      73,440 SF

      Crossroads District Redevelopment Opportunity

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    • $1,430,000
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      Crossroads Arts District Versatile Property

      Historic building in vibrant district, updated with modern amenities.
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    • $2,499,000
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    • $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
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    • 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
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    • $1,430,000
      7,144 SF

      Office Building Near Streetcar

      7,144 SF office building with rooftop deck.
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    Similar Nearby for Lease

    • $12 SF/Yr
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      Troost Ave Executive Office Space

      Prime KCMO Office Suite, 1300 SF Available
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    • $23 SF/Yr
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      Marietta Chair Building Office Space

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    • $34 SF/Yr
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      Corrigan Station Office Space

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    • $17 SF/Yr
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      Prime KCMO Office Building

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    • $22 SF/Yr
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      Crown Center Executive Suites

      Prestigious KC Office Space Available
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    • $300 /Mo
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      112 W 18th Street Creative Office Space

      Crossroads District: Flexible Creative Office Suites
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      View Details
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    2519 Madison Ave
    Kansas City, MO 64108-2334
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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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