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    2600 98th St Edwardsville, KS 66111-3504
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    Property profile & analytics

    2600 98th St, Edwardsville, KS 66111-3504

    View on Map
    • Warehouses
    • 280,000 SF
    • 24.54 lot acres
    Off-Market
    Property ID
    US33-1062984
    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.
    Value Estimations
    $12,470,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 2600 98th St

    Year built
    2013
    Lot size
    24.54 lot acres
    Property type
    Warehouses
    APN
    406700
    APU
    406700

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 20, 2024 — Mountain Edwardsville Ks LLC City Of Edwardsville Quitclaim Deed · related —
    Oct 19, 2022 — Morgan Stanley Mtg Cap Holdlings Ll Morgan Stanley Bank NA Assignment Of Lease (leasehold Sale) —
    Jan 24, 2013 — City Of Edwardsville Obp Kansas LLC Warranty Deed —
    Jul 11, 2007 — 98th Street Partners LLC Moo Mesa LLC Warranty Deed $818k · Union Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $12,468,000
      Market price range: $5.53M - $17.6M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $12,470,000
      Current use
      RETAIL STORES
      $19,750,000
      Change: +58% Conversion: Moderate
      MEDICAL BUILDING
      $19,515,000
      Change: +57% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $19,195,000
      Change: +54% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Edwardsville
    County
    Wyandotte
    State
    Kansas
    Longitude
    -94.809
    Latitude
    39.0544
    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
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $3,467,920
    $15,068,080
    $18,536,000

    Comparable in this City

    • Value Estimation
      $9,425,000
      177,900 SF

      2401 Midpoint Dr

      WAREHOUSE, STORAGE
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    • Value Estimation by Request
      6,624 SF

      861 66th Ter

      WAREHOUSE, STORAGE
      861 66th Ter, Kansas City, KS 66111-2361
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    • Value Estimation
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      368,816 SF

      9525 Woodend Rd

      WAREHOUSE, STORAGE
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    • Value Estimation
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      16,316 SF

      6320 Kansas Ave

      WAREHOUSE, STORAGE
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    • Value Estimation
      $8,990,000
      162,844 SF

      2730 98th St

      WAREHOUSE, STORAGE
      2730 98th St, Edwardsville, KS 66111-3507
      View Details
    • Value Estimation
      $1,420,000
      43,680 SF

      9520 Woodend Rd

      WAREHOUSE, STORAGE
      9520 Woodend Rd, Edwardsville, KS 66111-1706
      View Details

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      Land For Sale

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      30.81 Acres Fronting I-70

      30.81 acres of commercial land with I-70 frontage.
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      Commercial Land Near Tourist Attractions

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    Similar Nearby for Lease

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      2,500 SF

      Industrial Space Available For Lease

      1,250 SF industrial space with office in Kansas City.
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    • $5 SF/Yr
      180,000 SF

      Edwardsville Warehouse Space Available

      180,000 sq ft warehouse space for lease.
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      369,786 SF

      Class A Distribution Warehouse Available

      369,786 SF Class A warehouse available August 2025.
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      30,000 SF

      Warehouse Space Near I-435

      30,000 SF warehouse space available for rent.
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      Industrial Single Tenant Warehouse Space

      Single tenant industrial warehouse space available for lease.
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      6,000 SF

      Kansas City Warehouse Space

      6,000 SF warehouse space available for lease.
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    Edwardsville, KS 66111-3504
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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.

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