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

    4607 Appleton Ave Kansas City, MO 64133

    • Small apartment buildings
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US48-0911752
    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

    • Small apartment buildings

    Property Details for 4607 Appleton Ave

    Property type
    Small apartment buildings

    Description

    This exceptional 17,376 square foot vacant lot presents a remarkable opportunity for development in Kansas City, Missouri. Located at 4607 Appleton Avenue, in the 64133 zip code, this property is zoned for multifamily use, specifically as a duplex, triplex, or quadplex. The convenient location offers easy access to major highways, simplifying commutes and transportation. Proximity to shopping centers ensures residents have convenient access to daily necessities and amenities. The property falls within the highly regarded Raytown School District, a significant draw for families. This vacant land presents a blank canvas for a savvy investor to create a profitable residential development, capitalizing on the strong demand for rental properties in this desirable area. The asking price for this exceptional development opportunity is $50,000. The lot's size provides ample space for a substantial multi-unit residential building, offering significant potential for return on investment. Don't miss this chance to acquire a prime piece of real estate in a thriving Kansas City neighborhood.

    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
    -94.451458
    Latitude
    39.038545

    Comparable in this City

    • $30,000

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    • $35,000

      Raytown Duplex Development Lot

      Prime 10,030 SF lot, build your duplex!
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    • $30,000

      Kansas City Multifamily Development Opportunity

      Prime location, 12,813 sq ft lot, R 2.5 zoning.
      4818 Blue Rdg Cutoff St, Kansas City, MO 64133
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    • $30,000

      Raytown Multifamily Investment Opportunity

      Missouri Duplex/Triplex, $30k
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    • $259,140
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      Move-in Ready Duplex in Kansas City

      Updated duplex with modern amenities and convenient location in Kansas City.
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    • $225,000
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      Contemporary Duplex in Kansas City

      Modern 3-bedroom, 2-bath duplex built 2 years ago.
      10721 46Th Ter E, Kansas City, MO 64133
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    Similar Nearby for Sale

    • $30,000

      Kansas City Multifamily Development Opportunity

      Prime KC location, 13,096 sq ft lot, R 2.5 zoning.
      4816 Blue Rdg Cutoff St, Kansas City, MO 64133
      View Details
    • $35,000

      Raytown Duplex Development Lot

      Prime 10,030 SF lot, build your duplex!
      6408 Elm St, Raytown, MO 64133
      View Details
    • $30,000

      Kansas City Multifamily Development Opportunity

      Prime location, 12,813 sq ft lot, R 2.5 zoning.
      4818 Blue Rdg Cutoff St, Kansas City, MO 64133
      View Details
    • $30,000

      Raytown Multifamily Investment Opportunity

      Missouri Duplex/Triplex, $30k
      8822 49 St, Raytown, MO 64133
      View Details
    • $259,140
      1,585 SF

      Move-in Ready Duplex in Kansas City

      Updated duplex with modern amenities and convenient location in Kansas City.
      10408 E 45Th Ter, Kansas City, MO 64133
      View Details
    • $225,000
      Pending

      Contemporary Duplex in Kansas City

      Modern 3-bedroom, 2-bath duplex built 2 years ago.
      10721 46Th Ter E, Kansas City, MO 64133
      View Details

    Similar Nearby for Lease

    • $0.72 SF/Yr
      87,120 SF

      Kansas City Industrial Land Lease

      Two-acre fenced industrial lot, build-to-suit.
      8100 Blue Parkway Dr, Kansas City, MO 64133
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    • $8 SF/Yr
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      Raytown Flex Space: Ideal for Business

      Versatile industrial space, 2,880-8,640 sq ft.
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    • $13 SF/Yr
      14,000 SF

      Westview 63 Executive Suites

      Prime Raytown Office Space Available
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    • $10 SF/Yr
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      Raytown Retail Space Available

      Retail space for lease in Raytown, Missouri.
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    • $17 SF/Yr
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      Retail Space on 350 Highway

      Retail space with high visibility on 350 Highway.
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    • Contact for pricing
      13,900 SF

      Office Space in Kansas City

      13,900 sq ft office space available for rent.
      12019 E 47Th St, Kansas City, MO 64133
      View Details
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    4607 Appleton Ave
    Kansas City, MO 64133
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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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