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Property profile & analytics
FOR LEASE
Manufacturing properties
3612 Karnes Blvd, Kansas City, MO 64111
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US48-0712008
For Lease
1 / 9
$8 SF/Yr
3612 Karnes Blvd, Kansas City, MO 64111
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Property summary
AI-generated overview
This exceptional office property, the Historic Grocers Warehouse, presents a unique opportunity in Kansas City, Missouri. Situated at 3612 Karnes Blvd, in the desirable Roanoke/Valentine neighborhood, this two-building complex offers 81,280 square feet of creative office space. The property boasts a prime location directly across from Roanoke Park, providing a tranquil and inspiring work environment. The warehouse is comprised of three total suites, with a minimum divisible space of 2,970 square feet and a maximum contiguous space of 6,152 square feet. Currently, 7,690 square feet is available for lease. The single-story buildings offer excellent natural light and high ceilings, perfect for modern office layouts. The property is ideal for businesses seeking a unique and highly visible location. Exterior signage opportunities are available, enhancing brand visibility. This is an outstanding opportunity for tenants seeking a blend of historic charm and modern functionality in a vibrant Kansas City neighborhood. The zip code is 64111.
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1940
Construction
WOOD
Total area
13,960 SF
Lot
1.82 ac (79,279 SF)
APN
30-320-01-01
UPID
US48-0712008
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
-
Grocer's Warehouse Apartment Building Property Management Company
-
The Fabrication Company General Contractor
-
Hufft Woodworker Architect
-
ZancTank Concepts Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.42M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.30M
Owner & transaction history
3612 Karnes LLC · 6 yrs held
3612 Karnes LLC
since 2020
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.9M
+62.5%
Warehouse, storage
$1.9M
+61.8%
Apartment house (5+ units)
$1.8M
+56.6%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$1,535,000
6.5%
$1,415,000
7%
$1,315,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,170,000
Current use
AUTO REPAIR, GARAGE
$1,900,000
Change: +63% · Conversion: Easy
WAREHOUSE, STORAGE
$1,890,000
Change: +62% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,830,000
Change: +57% · Conversion: Difficult
RESTAURANT
$1,800,000
Change: +54% · Conversion: Difficult
Blend value · Realmo final
$1.30M
Range $1.17M – $1.43M · ±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
$93 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$51,550
Tax year 2024
Assessed value
$868,155
Assessed 2024
Previous assessed
$868,155
+0.0% YoY
Effective rate
5.94%
On assessed value
Assessed land
$197,856
Assessed improvement
$670,299
Total market value
$3,456,300
Applied tax rate
1.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Lease
Year built
1940
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
1
Total area
13,960 SF
Lot
1.82 ac (79,279 SF)
APN
30-320-01-01
UPID
US48-0712008
Jurisdiction
JACKSON
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
INDUSTRIAL (GENERAL) Current
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.9M
WAREHOUSE, STORAGE
Est. value
$1.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.8M
RESTAURANT
Est. value
$1.8M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
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
1940
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
1.82 ac
Current owner
From public records · entity-resolved
3612 Karnes LLC
Entity
Mailing address
1120 CALIFORNIA CIR, MILPITAS, CA 95035-3247
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 17, 2020
—
3612 Karnes LLC
3612 Karnes Kc LLC
Quit Claim Deed
related
$5,688,000 · Cornerstone Bk
Oct 8, 2019
—
3612 Kames Kc LLC
—
Deed
related
$3,183,909 · Academy Bk
Jan 25, 2019
—
Karnes Kc LLC
—
Deed
related
$333,000 · Mo Bk
Sep 4, 2013
—
3612 Karnes Kc LLC
Csa18-pinchot LLC
Grant Deed
$1,208,637 · Missouri Bk&tr Co/ks Cty
Jul 14, 2006
—
Kc Ultra Graphics LLC
—
Trustees Deed
related
$1,300,000 · Midfirst Bank State Savings Bk
—
—
Karnes Kc LLC
—
Deed Of Trust
related
$333,000 · Mo Bk
—
—
3612 Kames Kc LLC
—
Deed Of Trust
related
$3,183,909 · Academy Bk
—
—
3612 Karnes Kc LLC
—
Loan Modification
related
$2,820,000 · Missouri Bk&tr Co/ks Cty
—
—
3612 Karnes Kc LLC
—
Loan Modification
related
$2,522,733 · Missouri Bk&tr Co/ks Cty
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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