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    Property profile & analytics

    3601 Main St Kansas City, MO 64111-1908

    • Office buildings
    • 2,942 SF
    • 0.31 lot acres
    OFF-MARKET
    Last Sale
    Sep 26, 2022
    Value Estimations
    $290,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US48-0363567
    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

    • BlaqOut / Non-Profit Organization
    • Alejandro Design Studio / Interior Designer
    • Chef Alfredo LLC / Event Venue

    Property Details for 3601 Main St

    Year built
    1961
    Construction
    WOOD
    Lot size
    0.31 lot acres
    Property size
    2,942 SF
    Property type
    Office buildings
    APN
    30-220-13-02
    APU
    302201302

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $290,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Kansas City
    County
    Jackson
    State
    Missouri
    Longitude
    -94.5854
    Latitude
    39.0617
    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
    $1,477
    $205,184
    $103,488
    $308,672
    -
    $0.00
    $0.00
    $964,600

    Comparable in this City

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      $335,000
      1,247 SF

      4515 Madison Ave

      OFFICE BUILDING • 1,247 SF
      4515 Madison Ave, Kansas City, MO 64111-3509
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    • Value Estimation
      $185,000
      1,068 SF

      4435 Main St

      OFFICE BUILDING • 1,068 SF
      4435 Main St, Kansas City, MO 64111-7723
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    • Value Estimation
      $365,000
      1,650 SF

      3727 Broadway Blvd

      OFFICE BUILDING • 1,650 SF
      3727 Broadway Blvd, Kansas City, MO 64111-2505
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    • Value Estimation
      $300,000
      4,480 SF

      300 Linwood Blvd

      OFFICE BUILDING • 4,480 SF
      300 Linwood Blvd, Kansas City, MO 64111-1329
      View Details
    • Value Estimation
      $320,000
      1,312 SF

      4038 Central St

      OFFICE BUILDING • 1,312 SF
      4038 Central St, Kansas City, MO 64111-2560
      View Details
    • Value Estimation
      $340,000
      3,000 SF

      3800 Swsw Trfy

      OFFICE BUILDING • 3,000 SF
      3800 Swsw Trfy, Kansas City, MO 64111-2966
      View Details

    Similar Nearby for Sale

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      Office Building For Sale

      Office building perfect for owner occupant with up to 15,000 SF.
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      33,801 SF

      Main Street Office Building

      33,801 SF office building with three floors.
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    • $1,999,000
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      Historic Westport Mixed-Use Opportunity

      Historic Kansas City building with retail, office, and residential potential.
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      55,866 SF

      Creative Space Near Roanoke Park

      Creative space with trail access in dynamic Westside neighborhood.
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      1.01 Acres

      Mercier Street Commercial Land

      1.01-acre lot, prime Kansas City location.
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      Westport Two-Story Freestanding Building

      Two-story building in the heart of Westport, Kansas City, MO.
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    Similar Nearby for Lease

    • $18 SF/Yr
      6,922 SF

      Westport Standalone Office Building

      Single tenant office building in the heart of Westport.
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    • $14 SF/Yr
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      Prime Kansas City Lease Opportunity

      Premier renovated space suitable for retail, office, or restaurant.
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    • $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
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    • $14 SF/Yr
      81,280 SF

      Historic Grocers Warehouse: KCMO Office

      Executive Suites, Park Setting, High Visibility
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    • Contact for pricing
      6,091 SF

      Versatile Freestanding Building For Lease

      Freestanding building with flexible floor plans, ideal for various businesses.
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    • $18 SF/Yr
      2,800 SF

      Kansas City Office Space Available

      2,800 SF office space for rent in Kansas City.
      632 W 39Th St, Kansas City, MO 64111
      View Details
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    3601 Main St
    Kansas City, MO 64111-1908
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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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