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    309 39Th St Kansas City, MO 64111
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    Property profile & analytics

    309 39Th St Kansas City, MO 64111

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    • Commercial real estate
    • 1.57 lot acres
    Off-Market
    Property ID
    US48-0183916
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 309 39Th St

    Lot size
    1.57 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 1.57-acre commercial land parcel presents a unique infill development opportunity in the heart of Kansas City, Missouri. Located at 3934-3954 Central St, in the desirable 64111 zip code, this property boasts a prime location with excellent access and ample parking. The site is zoned UR (Urban Redevelopment District), allowing for a diverse range of development possibilities, including hotels, apartments, retail spaces, or a mixed-use project. This strategic location offers unparalleled proximity to key attractions and institutions, including the Country Club Plaza, Kansas City Art Institute, UMKC, Rockhurst University, St. Luke's Medical Center, KU Medical Center, and the Nelson Atkins Museum. The property's advantageous position ensures high visibility and accessibility, making it an ideal investment for developers seeking a high-impact project. Further enhancing its appeal, the site has already been approved for tax abatement, offering significant financial incentives. This is a rare chance to acquire a substantial land holding in a thriving urban area with exceptional potential for significant return on investment. Detailed site plans and zoning information are available upon request. Don't miss this opportunity to secure a piece of Kansas City's vibrant future.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Kansas City
    County
    Jackson
    State
    Missouri
    Longitude
    -94.590057
    Latitude
    39.055545

    Comparable in this City

    • Contact for pricing
      14,000 SF

      Land For Sale

      Land available for sale.
      4114 Broadway Blvd, Kansas City, MO 64111
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    • $399,000
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      Midtown Corner-Lot Development Opportunity

      Corner lot in Midtown with high visibility and design versatility.
      300 E Linwood Blvd, Kansas City, MO 64111
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      Residential Land in Hyde Park

      Land ready for development near downtown Kansas City.
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      Ready-to-Build Lot in West Plaza

      Ready-to-build lot in West Plaza, Kansas City.
      4514 Terrace St, Kansas City, MO 64111
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      Land For Sale

      1.01 acre land available for sale.
      3120 Mercier St, Kansas City, MO 64111
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      Building and Lot on 39th

      Building and lot available for sale on 39th Street.
      1400 W 39Th St, Kansas City, MO 64111
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      14,000 SF

      Land For Sale

      Land available for sale.
      4114 Broadway Blvd, Kansas City, MO 64111
      View Details
    • $399,000
      0.24 Acres

      Midtown Corner-Lot Development Opportunity

      Corner lot in Midtown with high visibility and design versatility.
      300 E Linwood Blvd, Kansas City, MO 64111
      View Details
    • $159,000
      0.15 Acres

      Residential Land in Hyde Park

      Land ready for development near downtown Kansas City.
      3532 Wyandotte St, Kansas City, MO 64111
      View Details
    • $199,000
      0.09 Acres

      Ready-to-Build Lot in West Plaza

      Ready-to-build lot in West Plaza, Kansas City.
      4514 Terrace St, Kansas City, MO 64111
      View Details
    • Contact for pricing

      Land For Sale

      1.01 acre land available for sale.
      3120 Mercier St, Kansas City, MO 64111
      View Details
    • Contact for pricing

      Building and Lot on 39th

      Building and lot available for sale on 39th Street.
      1400 W 39Th St, Kansas City, MO 64111
      View Details

    Similar Nearby for Lease

    • $31 SF/Yr
      46,531 SF

      Class A Office Building

      Class A building with amenities and strong local ownership.
      4520 Main St, Kansas City, MO 64111
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      5,000 SF

      Prime Kansas City Lease Opportunity

      Premier renovated space suitable for retail, office, or restaurant.
      4310 Madison Ave, Kansas City, MO 64111
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      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
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      866 SF

      Retail Space in West 39th

      Retail spaces for lease in vibrant West 39th Street district.
      900-1000 W 39Th St, Kansas City, MO 64111
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    • $8 SF/Yr
      3,665 SF

      Warehouse Space Near Roanoke Park

      Secured warehouse space with shared dock and park access.
      3525 Roanoke Rd, Kansas City, MO 64111
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    • Contact for pricing
      1,250 SF

      Historic Single Tenant Office Space

      1,250± SF office space in historic Nutterville.
      4031 Central St, Kansas City, MO 64111
      View Details
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    Kansas City, MO 64111
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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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