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    3408 Charlotte St Kansas City, MO 64109

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    3408 Charlotte St Kansas City, MO 64109

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    • Small apartment buildings
    Off-Market
    Property ID
    US48-2932862
    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

    • Small apartment buildings

    Property Details for 3408 Charlotte St

    Property type
    Small apartment buildings
    APN
    29-840-29-33-00-0-00-000

    Description

    This exceptional 6,059 square foot lot presents a remarkable development opportunity in the heart of Kansas City's Midtown, specifically within the North Hyde Park neighborhood. Located at 3408 Charlotte Street, this level lot is zoned R 2.5, permitting the construction of single-family or multi-family dwellings. Importantly, the property falls within the Midtown Tax Increment Financing zone, potentially offering significant financial benefits to the successful buyer. Previously approved city plans exist for a new duplex on this site, streamlining the development process and reducing potential hurdles. The property's location offers easy access to the vibrant amenities and attractions of Midtown. The 2024 estimated real estate taxes are $680.80. This is an auction property

    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
    -94.5753998
    Latitude
    39.0651176

    Comparable in this City

    • $150,000
      0.10 Acres

      Kansas City Multifamily Investment Opportunity

      Duplex near Hyde Park, potential single-family conversion, needs rehab.
      3620 Woodland Ave, Kansas City, MO 64109
      View Details
    • $850,000
      0.14 Acres

      Historic Duplex with Modern Addition

      10-bedroom duplex in Kansas City with new construction.
      3412 Charlotte St, Kansas City, MO 64109
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    • Contact for pricing
      Pending

      Remodeled Duplex Overlooking Troost Lake

      Recently remodeled duplex with lake views and expansion potential.
      2727 Vine St, Kansas City, MO 64109
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    • $445,000
      Pending

      Craftsman-Style Home with Income Potential

      Stunning Craftsman home in Beacon Hill with income potential.
      1320 E 29Th St, Kansas City, MO 64109
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    • Contact for pricing
      25,000 SF

      Historic Kansas City Office Building

      25,000 SF building in a strategic Kansas City location.
      3800 Troost Ave, Kansas City, MO 64109
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    • New
      $330,000
      1,500 SF

      Modern Duplex Near New Stadium

      Turnkey duplex near hospitals and upcoming baseball stadium.
      3336 Tracy Ave, Kansas City, MO 64109
      View Details

    Similar Nearby for Sale

    • $150,000
      0.10 Acres

      Kansas City Multifamily Investment Opportunity

      Duplex near Hyde Park, potential single-family conversion, needs rehab.
      3620 Woodland Ave, Kansas City, MO 64109
      View Details
    • $850,000
      0.14 Acres

      Historic Duplex with Modern Addition

      10-bedroom duplex in Kansas City with new construction.
      3412 Charlotte St, Kansas City, MO 64109
      View Details
    • Contact for pricing
      Pending

      Remodeled Duplex Overlooking Troost Lake

      Recently remodeled duplex with lake views and expansion potential.
      2727 Vine St, Kansas City, MO 64109
      View Details
    • $445,000
      Pending

      Craftsman-Style Home with Income Potential

      Stunning Craftsman home in Beacon Hill with income potential.
      1320 E 29Th St, Kansas City, MO 64109
      View Details
    • Contact for pricing
      25,000 SF

      Historic Kansas City Office Building

      25,000 SF building in a strategic Kansas City location.
      3800 Troost Ave, Kansas City, MO 64109
      View Details
    • New
      $330,000
      1,500 SF

      Modern Duplex Near New Stadium

      Turnkey duplex near hospitals and upcoming baseball stadium.
      3336 Tracy Ave, Kansas City, MO 64109
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      10,000 SF

      Warehouse Space Near Downtown

      10,000 SF warehouse space available Q2 2026.
      2718 Holmes St, Kansas City, MO 64109
      View Details
    • Contact for pricing
      6,435 SF

      Revived Flex Space on Linwood

      6,435 SF flex space near Troost revival corridor.
      1006 E Linwood Blvd, Kansas City, MO 64109
      View Details
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    Kansas City, MO 64109
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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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