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Property profile & analytics
OFF-MARKET
Estimated value
$815,000
Grocery and convenience stores
3002 47th Ave, Kansas City, KS 66103-3244
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US33-0738752
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1966
Construction
BRICK
Total area
6,877 SF
Lot
0.76 ac (33,323 SF)
APN
902112
UPID
US33-0738752
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Valero Gas Station
-
Cowtown BBQ Products Restaurant
-
Shamrock Joe's Kansas City Restaurant
-
ASE Grocery & Convenience Store Food Market
-
Joe's Kansas City Bar-B-Que Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$530k
CAP Approach
CAP
$1.10M
Comparable Approach
Comparable
$819k
Blend (final)
Blend
$815k
Owner & transaction history
Joes Kansas City Bar-b-que INC · 12 yrs held
Joes Kansas City Bar-b-que INC
since 2014
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.0M
+143.1%
Office building
$935,000
+120.5%
Auto repair, garage
$785,000
+85.5%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Kansas City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kansas City submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$530,000
CAP Approach
CAP Return
Estimation
6%
$1,185,000
6.5%
$1,095,000
7%
$1,020,000
Alternative Use
Use
Estimation
RESTAURANT
$1,030,000
Change: +143% · Conversion: Difficult
OFFICE BUILDING
$935,000
Change: +120% · Conversion: Moderate
AUTO REPAIR, GARAGE
$785,000
Change: +86% · Conversion: Difficult
RETAIL STORES
$640,000
Change: +51% · Conversion: Easy
COMMERCIAL (GENERAL)
$580,000
Change: +37% · Conversion: Easy
Blend value · Realmo final
$815k
Range $734k – $897k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$119 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$36,507
Tax year 2023
Assessed value
$222,010
Assessed 2023
Previous assessed
$191,978
+15.6% YoY
Effective rate
16.44%
On assessed value
Assessed land
$29,015
Assessed improvement
$192,995
Land market value
$116,060
Improvement market value
$771,980
Total market value
$888,040
Applied tax rate
10.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1966
Construction
BRICK
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
6,877 SF
Lot
0.76 ac (33,323 SF)
APN
902112
UPID
US33-0738752
Jurisdiction
WYANDOTTE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$1.0M
OFFICE BUILDING
Est. value
$935,000
AUTO REPAIR, GARAGE
Est. value
$785,000
RETAIL STORES
Est. value
$640,000
COMMERCIAL (GENERAL)
Est. value
$580,000
RESTAURANT
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1966
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
0.76 ac
Current owner
From public records · entity-resolved
Joes Kansas City Bar-b-que INC
Entity
Mailing address
3002 W 47TH AVE, KANSAS CITY, KS 66103-3244
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 2, 2014
—
Joes Kansas City Bar-b-que INC
Cowtown Barbecue INC
Special Warranty Deed
$808,000 · Arvest Bank
Oct 13, 2006
—
Cowtown Barbecue INC
Oklahoma Joes Of Kansas INC
Quit Claim Deed
related
$660,000 · Bank Of The West
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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