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    4615 Appleton Ave Kansas City, MO 64133

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    4615 Appleton Ave Kansas City, MO 64133

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    • Small apartment buildings
    Off-Market
    Property ID
    US48-0925229
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Small apartment buildings

    Property Details for 4615 Appleton Ave

    Property type
    Small apartment buildings

    Description

    This exceptional 17,376 square foot vacant lot, located at 4615 Appleton Avenue in Kansas City, Missouri, presents a remarkable opportunity for developers and investors. Zoned for residential use, this property is ideally suited for the construction of a multi-family dwelling, specifically a duplex or similar structure, given its size and existing zoning. The asking price for this land is $50,000, representing a compelling entry point into the Kansas City real estate market. The property's convenient location offers easy access to major highways, simplifying commuting and transportation for future residents. Furthermore, its proximity to shopping centers provides residents with convenient access to everyday amenities and necessities. The property is situated within the highly regarded Raytown School District, a significant draw for families seeking quality education. This combination of factors – prime location, desirable school district, convenient access to amenities and transportation, and an attractive price point – makes this vacant lot an exceptional investment prospect with significant potential for future development and strong rental income. The lot's substantial size allows for considerable flexibility in design and construction, catering to a variety of development plans. Detailed zoning information and building codes are readily available from the relevant city authorities. This is a rare opportunity to acquire a well-situated, sizable lot 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 estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Kansas City
    County
    Jackson
    State
    Missouri
    Longitude
    -94.451181
    Latitude
    39.038103

    Comparable in this City

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      Raytown Duplex: Investment Opportunity

      Turnkey duplex in Raytown, currently tenant-occupied, part of package deal.
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      Updated Duplex with Open Layout

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    • New
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      Move-In Ready Duplex in Kansas

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    • $299,900
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      Raytown Duplex Investment Opportunity

      Duplex in Raytown, MO with income potential.
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    • $225,000
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      Contemporary Duplex in Kansas City

      Modern, low-maintenance duplex with open layout and convenient location.
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    • $269,900
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      Move-In Ready Duplex in Kansas

      Spacious duplex with modern amenities and convenient location.
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    Similar Nearby for Sale

    • $163,750
      1,468 SF

      Raytown Duplex: Investment Opportunity

      Turnkey duplex in Raytown, currently tenant-occupied, part of package deal.
      7402 Englewood Ln, Raytown, MO 64133
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    • New
      $110,000
      0.02 Acres

      Updated Duplex with Open Layout

      Updated Kansas City duplex with open floor plan and cathedral ceilings.
      10514 E 41St Ter, Kansas City, MO 64133
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    • New
      $228,000
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      Move-In Ready Duplex in Kansas

      Well-maintained duplex with modern amenities and convenient location.
      10410 E 45Th Ter, Kansas City, MO 64133
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    • $299,900
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      Raytown Duplex Investment Opportunity

      Duplex in Raytown, MO with income potential.
      9202 E 64Th Ter, Raytown, MO 64133
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    • $225,000
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      Contemporary Duplex in Kansas City

      Modern, low-maintenance duplex with open layout and convenient location.
      10719 E 46Th Ter, Kansas City, MO 64133
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    • $269,900
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      Move-In Ready Duplex in Kansas

      Spacious duplex with modern amenities and convenient location.
      4605 Appleton Ave, Kansas City, MO 64133
      View Details

    Similar Nearby for Lease

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      Fenced Land for Lease

      2.0 +/- acres of fenced outside storage for lease.
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      Retail/Restaurant Space for Lease

      Retail and restaurant spaces available for lease.
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      13,900 SF

      Office Space in Kansas City

      13,900 sq ft office space available for rent.
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      Blue Ridge Tower Flexible Space

      Affordable office, medical, or retail space in Kansas City metro.
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      Multi-Tenant Industrial/Flex Building For Rent

      Multi-tenant industrial/flex building with warehouse and office space available.
      9620 E State Route 350, Raytown, MO 64133
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      Renovated Office Building For Rent

      Recently renovated 14,000 SF office building on 0.82 acres.
      8801 E 63Rd St, Raytown, MO 64133
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    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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    4615 Appleton Ave, Kansas City, MO, 64133
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