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Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Strip malls
3102 24th St Kansas City, KS 66106-4709
Entity Owned
11-yr Hold
Free & Clear
Property ID
US33-0373957
Property summary
AI-generated overview
This exceptional investment opportunity presents a freestanding building totaling 9,000 square feet, situated on a substantial 39,204 square foot lot at 3102 S 24TH Street, Kansas City, KS 66106. Built in 1967, this single-story structure offers a unique blend of uses, currently configured as a restaurant, bar, and executive office spaces. Each suite is separately accessible, allowing for flexibility in leasing arrangements or the potential for combining spaces to suit a variety of business needs. The property boasts excellent visibility and accessibility, enjoying a prime location off Highway 35 and Lamar Avenue, ensuring high exposure to vehicular traffic. Ample parking is available surrounding the building, providing convenient access for customers and employees. The asking price for this expansive property is $1,075,000. This presents a rare chance to acquire a versatile commercial property in a high-demand area with significant potential for growth and return on investment. The property's size and location make it ideal for a variety of businesses seeking a prominent presence in a thriving Kansas City market.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1976
Construction
BRICK
Total area
9,047 SF
Lot
0.91 ac (39,465 SF)
APN
908515
UPID
US33-0373957
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
-
Avenues Classics Bakery Specialty Food Shop
-
Yeyo’s Bakery KC Bakery Take-out & Catering
-
Don Rudys KC Restaurant
-
Pasta Per Favore Restaurant
-
Sicilian Bros. Takeout Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$590k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$582k
Blend (final)
Blend
$585k
Owner & transaction history
Alt Real Estate Missouri LLC · 11 yrs held
Alt Real Estate Missouri LLC
since 2014
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$795,000
+42.9%
Commercial (general)
$765,000
+37.3%
Medical building
$630,000
+13.1%
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
$590,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$560,000
Current use
RETAIL STORES
$795,000
Change: +43% · Conversion: Easy
COMMERCIAL (GENERAL)
$765,000
Change: +37% · Conversion: Easy
MEDICAL BUILDING
$630,000
Change: +13% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$620,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$585k
Range $527k – $644k · ±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
$65 / 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
$29,682
Tax year 2023
Assessed value
$174,063
Assessed 2023
Previous assessed
$150,788
+15.4% YoY
Effective rate
17.05%
On assessed value
Assessed land
$31,303
Assessed improvement
$142,760
Land market value
$125,210
Improvement market value
$571,040
Total market value
$696,250
Applied tax rate
30.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1976
Construction
BRICK
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Units
1
Total area
9,047 SF
Lot
0.91 ac (39,465 SF)
APN
908515
UPID
US33-0373957
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$560,000
RETAIL STORES
Est. value
$795,000
COMMERCIAL (GENERAL)
Est. value
$765,000
MEDICAL BUILDING
Est. value
$630,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$620,000
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
COMMERCIAL (GENERAL)
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1976
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
0.91 ac
Current owner
From public records · entity-resolved
Alt Real Estate Missouri LLC
Entity
Free & Clear · 11 yrs held
Mailing address
PO BOX 3252, SHAWNEE, KS 66203-0252
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
Apr 21, 2025
—
Sight Investments LLC
—
Deed
related
$64,750,000 · Cressida Capital Corp
Dec 2, 2014
$800,000
Alt Real Estate Missouri LLC
Lawson Group LLC
Special Warranty Deed
—
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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