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    4040 Main St Kansas City, MO 64111-2308
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    4040 Main St Kansas City, MO 64111-2308

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    • Grocery and convenience stores
    • 14,617 SF
    • 1.54 lot acres
    Off-Market
    Property ID
    US48-0885691
    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
    $2,625,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Community Blood Center - Kansas City Donor Center / Blood Bank
    • Saint Paul's Food Pantry / Food Bank / Charitable Organization

    Property Details for 4040 Main St

    Year built
    1983
    Construction
    WOOD
    Lot size
    1.54 lot acres
    Property size
    14,617 SF
    Property type
    Grocery and convenience stores
    APN
    30-230-25-22
    APU
    302302522

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,830,000
      6.5%
      $2,610,000
      7%
      $2,425,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,636,000
      Market price range: $1.08M - $2.64M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $2,595,000
      RETAIL STORES
      $2,290,000
      AUTO REPAIR, GARAGE
      $1,990,000
      WAREHOUSE, STORAGE
      $1,980,000
      APARTMENT HOUSE (5+ UNITS)
      $1,915,000
      RESTAURANT
      $1,885,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Kansas City
    County
    Jackson
    State
    Missouri
    Longitude
    -94.5869
    Latitude
    39.0526
    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
    $9,266
    $578,176
    $1,758,240
    $2,336,416
    -
    $0.00
    $0.00
    $7,301,300

    Comparable in this City

    • Value Estimation by Request
      1,975 SF

      104 Archibald St

      CONVENIENCE STORE • 1,975 SF
      104 Archibald St, Kansas City, MO 64111-2230
      View Details
    • Value Estimation
      $835,000
      4,674 SF

      4327 Main St

      CONVENIENCE STORE • 4,674 SF
      4327 Main St, Kansas City, MO 64111-1809
      View Details
    • Value Estimation by Request
      2,576 SF

      3742 Main St

      CONVENIENCE STORE • 2,576 SF
      3742 Main St, Kansas City, MO 64111-1913
      View Details
    • Value Estimation by Request
      2,610 SF

      4181 Broadway

      CONVENIENCE STORE • 2,610 SF
      4181 Broadway, Kansas City, MO 64111-2620
      View Details
    • Value Estimation by Request
      221 SF

      3621 Warwick Blvd

      CONVENIENCE STORE • 221 SF
      3621 Warwick Blvd, Kansas City, MO 64111-1403
      View Details
    • Value Estimation by Request
      3,542 SF

      131 39th St

      CONVENIENCE STORE • 3,542 SF
      131 39th St, Kansas City, MO 64111-1526
      View Details

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    • Contact for pricing
      36,696 SF

      Midtown Retail Building and Center

      Storefront retail building and strip center in Midtown Kansas City.
      3601-3609 Broadway Blvd, Kansas City, MO 64111
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    • $1,999,000
      10,000 SF

      Historic Westport Mixed-Use Opportunity

      Historic mixed-use building in prime Westport location, ready for renovation.
      4112 Pennsylvania Ave, Kansas City, MO 64111
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      7,500 SF

      7,500 SF Retail Building

      Historic 7,500 SF retail building in a bustling area.
      3936 Broadway Blvd, Kansas City, MO 64111
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      10,200 SF

      Westport Two-Story Freestanding Building

      Two-story building in the heart of Westport, Kansas City, MO.
      410 Archibald St, Kansas City, MO 64111
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      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
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      5,000 SF

      Restaurant and Bar For Sale

      Second generation restaurant and bar with ample parking.
      4010 Pennsylvania Ave, Kansas City, MO 64111
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,000 SF

      Prime Kansas City Lease Opportunity

      Premier renovated space suitable for retail, office, or restaurant.
      4310 Madison Ave, Kansas City, MO 64111
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    • Contact for pricing
      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
    • Contact for pricing
      866 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
    • Contact for pricing
      2,660 SF

      Westport Retail Space with Parking

      Retail space with private parking lot in Westport area.
      901 Westport Rd, Kansas City, MO 64111
      View Details
    • Contact for pricing
      6,091 SF

      Versatile Freestanding Building For Lease

      Freestanding building with flexible floor plans, ideal for various businesses.
      835 W 39Th St, Kansas City, MO 64111
      View Details
    • Contact for pricing
      1,500 SF

      Westport Retail Space for Lease

      High-profile retail space in prominent Kansas City shopping center.
      905 Westport Rd, Kansas City, MO 64111
      View Details
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    4040 Main St
    Kansas City, MO 64111-2308
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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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