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    Property profile & analytics

    3135 Grand Ave Kansas City, MO 64111-1161

    • Garden apartment buildings
    • 4,340 SF
    • 0.31 lot acres
    OFF-MARKET
    Last Sale
    Aug 26, 2021
    Value Estimations
    $520,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US48-0173204
    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

    • Garden apartment buildings

    Property Details for 3135 Grand Ave

    Year built
    1965
    Construction
    WOOD
    Lot size
    0.31 lot acres
    Property size
    4,340 SF
    Property type
    Garden apartment buildings
    APN
    29-830-02-13
    APU
    298300213

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $315,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $775,000
      6.5%
      $715,000
      7%
      $665,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $533,000
      Market price range: $410k - $729k

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $570,000
      Current use
      OFFICE BUILDING
      $770,000
      Change: +36% Conversion: Moderate
      RETAIL STORES
      $680,000
      Change: +20% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $590,000
      Change: +4% Conversion: Difficult
      WAREHOUSE, STORAGE
      $590,000
      Change: +3% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Kansas City
    County
    Jackson
    State
    Missouri
    Longitude
    -94.5821
    Latitude
    39.0696
    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
    $10,808
    $5,320
    $132,924
    $138,244
    -
    $0.00
    $0.00
    $727,600

    Comparable in this City

    • Value Estimation by Request
      3,568 SF

      1107 40th St

      GARDEN APT, COURT APT (5+ UNITS) • 3,568 SF
      1107 40th St, Kansas City, MO 64111-4860
      View Details
    • Value Estimation by Request
      3,696 SF

      3925 Clark Ave

      GARDEN APT, COURT APT (5+ UNITS) • 3,696 SF
      3925 Clark Ave, Kansas City, MO 64111-4075
      View Details
    • Value Estimation
      $540,000
      3,228 SF

      4440 Jarboe St

      GARDEN APT, COURT APT (5+ UNITS) • 3,228 SF
      4440 Jarboe St, Kansas City, MO 64111-4526
      View Details
    • Value Estimation
      $505,000
      4,092 SF

      4505 Jarboe St

      GARDEN APT, COURT APT (5+ UNITS) • 4,092 SF
      4505 Jarboe St, Kansas City, MO 64111-4517
      View Details
    • Value Estimation by Request
      3,800 SF

      3941 Roanoke Rd, Unit A1

      GARDEN APT, COURT APT (5+ UNITS) • 3,800 SF
      3941 Roanoke Rd, Kansas City, MO 64111-4718
      View Details
    • Value Estimation by Request
      2,680 SF

      4133 Oak St, Unit 1

      GARDEN APT, COURT APT (5+ UNITS) • 2,680 SF
      4133 Oak St, Kansas City, MO 64111-1638
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Renovated Apartment Building in Kansas City

      Extensively renovated 29-unit apartment building in ideal Southmoreland location.
      4231-4239 Walnut St, Kansas City, MO 64111
      View Details
    • Contact for pricing

      Spacious Oak Hall Condominium

      Three-bedroom condo with park and museum views in Kansas City.
      4550 Warwick Blvd, 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
    • New
      $659,000
      0.15 Acres

      Historic Volker Neighborhood Apartments

      Stately 6-unit complex in Midtown Kansas City.
      1017 W 39Th St, Kansas City, MO 64111
      View Details
    • $590,000
      0.16 Acres

      Kansas City Triplex Investment Opportunity

      Income-producing triplex near Westport, Plaza, and downtown Kansas City.
      3951 Warwick St, Kansas City, MO 64111
      View Details
    • New
      $500,000
      0.16 Acres

      Roanoke Triplex with Income Potential

      Triplex in Roanoke/Volker with income potential near KU Hospital.
      3800 Roanoke Rd, Kansas City, MO 64111
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      10,000 SF

      Mixed-Use Building in Kansas City

      10,000 SF mixed-use building suitable for retail, office, apartments.
      4304 Westport Rd, Kansas City, MO 64111
      View Details
    • Contact for pricing
      1,366 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
      View Details
    • Contact for pricing
      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
    • Contact for pricing
      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
      2,138 SF

      Prime Broadway Retail Space

      KCMO Retail Space - 2,138 SF Available
      3600 Broadway Blvd, Kansas City, MO 64111
      View Details
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    Kansas City, MO 64111-1161
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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.

    More about this property
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