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

    3 E Armour Blvd Kansas City, MO 64111

    • Office buildings
    • 15,908 SF
    • 1.15 lot acres
    For Sale
    View listing
    $5,950,000
    Last Sale
    Jul 30, 2021
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US48-0169479
    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

    • Professional Imaging Kansas City / Medical Diagnostic Imaging Center / Mri Center

    Property Details for 3 E Armour Blvd

    Year built
    1998
    Construction
    WOOD
    Lot size
    1.15 lot acres
    Property size
    15,908 SF
    Property type
    Office buildings
    APN
    30-220-04-15
    APU
    302200415

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $395,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Kansas City
    County
    Jackson
    State
    Missouri
    Longitude
    -94.585
    Latitude
    39.0634
    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
    $110,517
    $764,640
    $370,400
    $1,135,040
    -
    $0.00
    $0.00
    $3,547,000

    Comparable in this City

    • Value Estimation
      $265,000
      0.17 Acres

      4050 Main St

      OFFICE BUILDING • 0.17 Acres
      4050 Main St, Kansas City, MO 64111-2308
      View Details
    • Value Estimation
      $375,000
      2,244 SF

      4125 Broadway

      OFFICE BUILDING • 2,244 SF
      4125 Broadway, Kansas City, MO 64111-2618
      View Details
    • Value Estimation
      $195,000
      536 SF

      4400 Broadway Blvd

      OFFICE BUILDING • 536 SF
      4400 Broadway Blvd, Kansas City, MO 64111-3498
      View Details
    • Value Estimation
      $280,000
      1,050 SF

      912 45th St

      OFFICE BUILDING • 1,050 SF
      912 45th St, Kansas City, MO 64111-3502
      View Details
    • Value Estimation
      $365,000
      3,720 SF

      901 43rd St

      OFFICE BUILDING • 3,720 SF
      901 43rd St, Kansas City, MO 64111-3133
      View Details
    • Value Estimation
      $250,000
      9,844 SF

      3100 Broadway Blvd

      OFFICE BUILDING • 9,844 SF
      3100 Broadway Blvd, Kansas City, MO 64111-2658
      View Details

    Similar Nearby for Sale

    • $5,950,000
      38,200 SF

      Office Building For Sale

      Office building perfect for owner occupant with up to 15,000 SF.
      3 E Armour Blvd, Kansas City, MO 64111
      View Details
    • Contact for pricing
      33,801 SF

      Main Street Office Building

      33,801 SF office building with three floors.
      4100 Main St, Kansas City, MO 64111
      View Details
    • $1,999,000
      0.07 Acres

      Historic Westport Mixed-Use Opportunity

      Historic Kansas City building with retail, office, and residential potential.
      4112 Pennsylvania Ave, Kansas City, MO 64111
      View Details
    • Contact for pricing
      55,866 SF

      Creative Space Near Roanoke Park

      Creative space with trail access in dynamic Westside neighborhood.
      3612 Karnes Blvd/3525 Roanoke Pkwy, Kansas City, MO 64111
      View Details
    • $700,000

      Kansas City Apartment Building Investment

      Six-unit building, below market rents
      1123 40Th St, Kansas City, MO 64111
      View Details
    • Contact for pricing
      16,750 SF

      Kansas City Warehouse - 16,750 SF

      Spacious Warehouse, Ideal Location
      3323 Roanoke Rd, Kansas City, MO 64111
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      6,922 SF

      Westport Standalone Office Building

      Single tenant office building in the heart of Westport.
      4141 Broadway, Kansas City, MO 64111
      View Details
    • Contact for pricing
      3,000 SF

      Kansas City Office Space

      3,000 square foot office space available for rent.
      3939 State Line Rd, Kansas City, MO 64111
      View Details
    • $14 SF/Yr
      5,000 SF

      Prime Kansas City Lease Opportunity

      Premier renovated space suitable for retail, office, or restaurant.
      4310 Madison Ave, Kansas City, MO 64111
      View Details
    • $19 SF/Yr
      3,436 SF

      Midtown KC Medical/Retail Space

      Prime location near St. Luke’s and KU Medical Center.
      4240 Southwest Trfy, Kansas City, MO 64111
      View Details
    • $14 SF/Yr
      81,280 SF

      Historic Grocers Warehouse: KCMO Office

      Executive Suites, Park Setting, High Visibility
      3612 Karnes Blvd, Kansas City, MO 64111
      View Details
    • Contact for pricing
      6,091 SF

      Versatile Freestanding Building For Lease

      Freestanding building with flexible floor plans, ideal for various businesses.
      835 W 39Th St, Kansas City, MO 64111
      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.
    3 E Armour Blvd
    Kansas City, MO 64111
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.