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    4050 Pennsylvania Ave Kansas City, MO 64111
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    Property profile & analytics

    4050 Pennsylvania Ave Kansas City, MO 64111

    View on Map
    • Community centers
    • 35,970 SF
    • 3.77 lot acres
    For Lease
    $1,285,000
    View Listing →
    Retail Space in Westport For Lease
    $1,285,000
    1,080 SF

    Retail Space in Westport

    Retail space in pedestrian-friendly Westport, near future streetcar stop.

    4050 Pennsylvania Ave, Kansas City, MO
    View Listing
    Property ID
    US48-0818156
    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
    $1,285,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Law Offices of Sharon J. Meyers / Law Firm
    • Schlee Huber Mc Mullen Krause / Law Firm
    • Godanet LLC / (Bike/Boat/Book/etc) Store / Corporate Office
    • U-Haul Neighborhood Dealer / Car Rental Facility
    • Geoffrey L. Gross - Attorney At Law / Law Firm

    Property Details for 4050 Pennsylvania Ave

    Year built
    2000
    Construction
    CONCRETE
    Lot size
    3.77 lot acres
    Property size
    35,970 SF
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    30-340-13-20
    APU
    303401320

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $820,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,745,000
      Market price range: $957k - $1.75M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,465,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Kansas City
    County
    Jackson
    State
    Missouri
    Longitude
    -94.5927
    Latitude
    39.0536
    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
    $563,076
    $1,640,000
    $1,851,200
    $3,491,200
    -
    $0.00
    $0.00
    $10,910,000

    Comparable in this City

    • Value Estimation by Request
      9,920 SF

      3355 Main St

      MINI-MALL • 9,920 SF
      3355 Main St, Kansas City, MO 64111-1904
      View Details
    • Value Estimation by Request
      8,416 SF

      3701A Summit St

      Lifestyle centers • 8,416 SF
      3701A Summit St, Kansas City, MO 64111
      View Details
    • Value Estimation
      $11,720,000
      153,237 SF

      241 Linwood Blvd

      WHOLESALE OUTLET, DISCOUNT STORE • 153,237 SF
      241 Linwood Blvd, Kansas City, MO 64111-1119
      View Details
    • Value Estimation by Request
      15,080 SF

      100 43rd St

      SHOPPING CENTER, STRIP CENTER • 15,080 SF
      100 43rd St, Kansas City, MO 64111-1704
      View Details
    • Value Estimation
      $1,775,000
      11,340 SF

      3902 Main St

      WHOLESALE OUTLET, DISCOUNT STORE • 11,340 SF
      3902 Main St, Kansas City, MO 64111-1917
      View Details
    • Value Estimation
      $1,905,000
      11,947 SF

      4100 Main St

      WHOLESALE OUTLET, DISCOUNT STORE • 11,947 SF
      4100 Main St, Kansas City, MO 64111-2315
      View Details

    Similar Nearby for Sale

    • 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
      View Details
    • Contact for pricing
      6,582 SF

      Fully Occupied Retail Investment Property

      Three-tenant, 100% occupied, NNN investment property for sale.
      505-515 Westport Rd, Kansas City, MO 64111
      View Details
    • $1,950,000
      0.19 Acres

      Retail Storefront with Apartments

      Retail storefront with two apartments on the second floor.
      1806 W 45Th St, Kansas City, MO 64111
      View Details
    • Contact for pricing
      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
    • Contact for pricing
      8,782 SF

      Historic Building Near Future Streetcar

      Unique 8,782 SF building with parking near future streetcar.
      3744 Broadway Blvd, Kansas City, MO 64111
      View Details
    • $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
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,138 SF

      Retail Space in Midtown Kansas

      Retail space available in a $45 million mixed-use development.
      3600 Broadway Bvd, 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
      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
    • Contact for pricing
      2,000 SF

      Retail Space Near University Medical

      2,000 SF retail space near major universities and hospitals.
      4422 Belleview Ave, Kansas City, MO 64111
      View Details
    • $17 SF/Yr
      6,750 SF

      Retail Space on Main Street

      6,750 SF retail space available for lease.
      3807 Main St, Kansas City, MO 64111
      View Details
    • Contact for pricing
      2,661 SF

      Redevelopment Opportunity on KC Streetcar

      2,661 SF building or ground lease on KC Streetcar line.
      3441 Main St, Kansas City, MO 64111
      View Details
    View Listing
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    Kansas City, MO 64111
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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.

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