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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    315 43rd St Kansas City, MO 64111-1707

    • Apartment buildings
    • 2,306 SF
    • 0.10 lot acres
    OFF-MARKET
    Last Sale
    Jul 17, 2024
    Value Estimations
    $375,000
    Show details
    Cap Rate Potential
    7%
    Apartment buildings
    Location Intelligence
    Property ID
    US48-3083359
    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

    • Apartment buildings

    Property Details for 315 43rd St

    Year built
    1922
    Construction
    WOOD
    Lot size
    0.10 lot acres
    Property size
    2,306 SF
    Property type
    Apartment buildings
    APN
    30-520-01-02
    APU
    305200102

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $350,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $415,000
      6.5%
      $380,000
      7%
      $355,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $387,000
      Market price range: $218k - $388k

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $300,000
      Current use
      OFFICE BUILDING
      $410,000
      Change: +36% Conversion: Moderate
      RETAIL STORES
      $360,000
      Change: +20% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $315,000
      Change: +4% Conversion: Difficult
      WAREHOUSE, STORAGE
      $310,000
      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
    -94.5823
    Latitude
    39.049
    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
    $9,282
    $32,224
    $80,123
    $112,347
    -
    $0.00
    $0.00
    $591,300

    Comparable in this City

    • Value Estimation by Request

      4512 Terrace St

      Multifamily properties
      4512 Terrace St, Kansas City, MO 64111
      View Details
    • Value Estimation
      $290,000
      1,728 SF

      3716 Warwick Blvd, Unit 1

      APARTMENT HOUSE (5+ UNITS) • 1,728 SF
      3716 Warwick Blvd, Kansas City, MO 64111-1466
      View Details
    • Value Estimation
      $375,000
      2,384 SF

      4521 Jefferson St

      APARTMENT HOUSE (5+ UNITS) • 2,384 SF
      4521 Jefferson St, Kansas City, MO 64111-3595
      View Details
    • Value Estimation
      $320,000
      2,335 SF

      3817 Baltimore Ave, Unit 1

      APARTMENT HOUSE (5+ UNITS) • 2,335 SF
      3817 Baltimore Ave, Kansas City, MO 64111-2118
      View Details
    • Value Estimation
      $295,000
      2,400 SF

      3629 Swsw Trfy

      APARTMENT HOUSE (5+ UNITS) • 2,400 SF
      3629 Swsw Trfy, Kansas City, MO 64111-4764
      View Details
    • Value Estimation
      $265,000
      1,612 SF

      520 39th Ter

      APARTMENT HOUSE (5+ UNITS) • 1,612 SF
      520 39th Ter, Kansas City, MO 64111-3090
      View Details

    Similar Nearby for Sale

    • $700,000

      Kansas City Apartment Building Investment

      Six-unit building, below market rents
      1123 40Th St, Kansas City, MO 64111
      View Details
    • $659,000
      0.15 Acres

      Historic Volker Neighborhood Apartments

      Six-unit complex in Midtown Kansas City near Westport and KU Medical
      1017 W 39Th St, Kansas City, MO 64111
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    • $395,000

      Spacious Oak Hall Condominium

      Three-bedroom condo with park and museum views in Kansas City.
      4550 Warwick Blvd, Kansas City, MO 64111
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    • $600,000
      0.16 Acres

      Kansas City Income-Producing Triplex

      Triplex in desirable Kansas City location, near Westport and Plaza.
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      View Details
    • $4,000,000
      14,000 SF

      Broadway Blvd Retail Opportunity

      Prime Kansas City Retail Land, 14,000 SF
      4114 Broadway Blvd, Kansas City, MO 64111
      View Details
    • $2,200,000

      Prime Kansas City Multifamily Investment

      14-Unit Property, High Occupancy, Great ROI
      4221 Clark Ave, Kansas City, MO 64111
      View Details

    Similar Nearby for Lease

    • $17 SF/Yr
      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
    • $18 SF/Yr
      2,905 SF

      Restaurant Space in 39th Street Corridor

      2,905 SF end cap space with off-street parking.
      1714-1726 W 39Th St, 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
    • $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
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    Kansas City, MO 64111-1707
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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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