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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4600 Madison Ave Kansas City, MO 64112

    • Office buildings
    • 7,424 SF
    • 2.47 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US48-0424213
    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

    • Gretter James M / General Practice Attorney / Attorney
    • Pulse Systems Inc / Software Company / Medical Billing Service
    • Holman Schiavone, LLC / Personal Injury Attorney / Employment Attorney
    • Shachtman Law Firm, LLC / Personal Injury Attorney / Insurance Attorney
    • Novak Birks PC: Froeschl Michael CPA / Accountant

    Property Details for 4600 Madison Ave

    Year built
    1986
    Lot size
    2.47 lot acres
    Property size
    7,424 SF
    Property type
    Office buildings
    APN
    30-410-25-42
    APU
    304102542

    Description

    Plaza West, located at 4600 Madison Ave in Kansas City, Missouri (zip code 64112), offers a unique opportunity for businesses seeking executive office space. This single-suite building, totaling 93,486 square feet, is currently entirely vacant and available for lease. The minimum leasable space is 2,490 square feet, while the maximum contiguous space available is the entire building. The property is classified as both retail and office space, with a subtype designation of executive office and restaurants, suggesting a versatile space suitable for a variety of businesses. Situated in Jackson County, Plaza West boasts a prime location, offering stunning views and proximity to numerous shops, restaurants, and services within blocks of the building. The large, open floor plates are designed to maximize workplace efficiency, productivity, and innovation. Exceptional building ownership and professional property management ensure meticulous attention to detail, providing a seamless and supportive environment for tenants. This is a rare opportunity to secure a prestigious and highly functional office space in a vibrant Kansas City location. The property's size and flexibility make it ideal for a single large tenant or potentially divisible for multiple smaller occupants.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Kansas City
    County
    Jackson
    State
    Missouri
    Longitude
    -94.5979
    Latitude
    39.0445
    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
    $173,800
    $1,877,920
    $0.00
    $1,877,920
    -
    $0.00
    $0.00
    $5,868,500

    Comparable in this City

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      $1,915,000
      15,429 SF

      4900 Main St

      OFFICE BUILDING • 15,429 SF
      4900 Main St, Kansas City, MO 64112-2683
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    • Value Estimation by Request
      20,836 SF

      700 47th St Ste, Unit 120

      OFFICE BUILDING • 20,836 SF
      700 47th St Ste, Kansas City, MO 64112-1805
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    • Value Estimation by Request
      5,624 SF

      1 Ward Pkwy

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    • Value Estimation
      $860,000
      48,208 SF

      4739 Belleview Ave

      OFFICE BUILDING • 48,208 SF
      4739 Belleview Ave, Kansas City, MO 64112-1385
      View Details
    • Value Estimation
      $535,000
      23,124 SF

      4900 Oak St

      OFFICE BUILDING • 23,124 SF
      4900 Oak St, Kansas City, MO 64112-2702
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2.25 Acres

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      Prime 2.25-acre site, build-to-suit potential.
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      West Plaza Updated Duplex

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      Land Overlooking Kansas City Plaza

      Coveted lot for modern design with Plaza views.
      606 W 49Th Ter, Kansas City, MO 64112
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      257,859 SF

      Plaza West: Prime Retail Land

      Kansas City retail land, 257,859 SF.
      4600 Madison Ave, Kansas City, MO 64112
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    • $200,000

      Updated Condo Near Country Club

      Updated condo with balconies near Plaza restaurants, shops, and entertainment.
      4616 Holly St, Kansas City, MO 64112
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    Similar Nearby for Lease

    • $27 SF/Yr
      931 SF

      Country Club Plaza Office Space

      Signature office building in the Country Club Plaza.
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      Ideally located office space with excellent amenities and access.
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      Kansas City Office Space for Lease

      Prime Plaza location, diverse office options.
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      Plaza Office Space for Lease

      Prime KC Office, Multiple Subtypes Available
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      Retail and Office Space Available

      Retail and office spaces with enhanced security and amenities.
      4638 J C Nichols Pkwy, Kansas City, MO 64112
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    • Contact for pricing
      1,402 SF

      Office Space with Active Security

      Office space with enhanced security, dining, and retail options.
      420 Ward Pkwy, Kansas City, MO 64112
      View Details
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    Kansas City, MO 64112
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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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