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Property profile & analytics
FOR LEASE
Office buildings
400 State Ave Kansas City, KS 66101
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US33-0096344
For Lease
1 / 2
$19.50 SF/Yr
400 State Ave, Kansas City, KS 66101
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1972
Construction
FRAME
Total area
183,520 SF
Lot
5.31 ac (231,173 SF)
APN
251702
UPID
US33-0096344
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
-
Educational Talent Search Training Center
-
Kansas Legal Services Law Firm
-
US Census Bureau Government Office
-
Aspire Home Health Inc Home Health Care Service
-
Carlton F. Middleton, PHD Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$13.79M
Blend (final)
Blend
$14.97M
Owner & transaction history
Gateway Tower Acquisition LLC · 6 yrs held
Gateway Tower Acquisition LLC
since 2019
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$16.9M
+65.4%
Commercial (general)
$15.5M
+51.7%
Medical building
$12.8M
+24.9%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$10,235,000
Current use
RETAIL STORES
$16,930,000
Change: +65% · Conversion: Moderate
COMMERCIAL (GENERAL)
$15,525,000
Change: +52% · Conversion: Easy
MEDICAL BUILDING
$12,790,000
Change: +25% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$12,580,000
Change: +23% · Conversion: Easy
INDUSTRIAL (GENERAL)
$12,510,000
Change: +22% · Conversion: Difficult
Blend value · Realmo final
$14.97M
Range $13.47M – $16.47M · ±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
$82 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$500,570
Tax year 2023
Assessed value
$2,858,026
Assessed 2023
Previous assessed
$2,463,050
+16.0% YoY
Effective rate
17.51%
On assessed value
Assessed land
$24,313
Assessed improvement
$2,833,713
Land market value
$97,250
Improvement market value
$11,334,850
Total market value
$11,432,100
Applied tax rate
700.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1972
Construction
FRAME
Heating
YES
Cooling
YES
Stories
10
Units
1
Total area
183,520 SF
Lot
5.31 ac (231,173 SF)
APN
251702
UPID
US33-0096344
Jurisdiction
WYANDOTTE
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
OFFICE BUILDING Current
Est. value
$10.2M
RETAIL STORES
Est. value
$16.9M
COMMERCIAL (GENERAL)
Est. value
$15.5M
MEDICAL BUILDING
Est. value
$12.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$12.6M
INDUSTRIAL (GENERAL)
Est. value
$12.5M
OFFICE BUILDING Current
RETAIL STORES
COMMERCIAL (GENERAL)
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (GENERAL)
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
1972
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
10
Units
1
Lot
5.31 ac
Current owner
From public records · entity-resolved
Gateway Tower Acquisition LLC
Entity
Mailing address
333 PEARSALL AVE STE #200, CEDARHURST, NY 11516-1842
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 31, 2019
—
Gateway Tower Acquisition LLC
Gpt Properties Trust
Warranty Deed
$8,500,000 · Ubs Ag Tampa Branch
Jul 8, 2014
—
Secretary Of Housing & Urban Develo
Bank Of America NA
Special Warranty Deed
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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