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    Property profile & analytics

    5001 Independence Ave Kansas City, MO 64124

    • Churches & religious facilities
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US48-0877738
    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

    • Gathering Table inside Children's Memorial Lutheran / Church / Mosque
    • Children's Memorial Lutheran Church - Food Distribution Center / Food Bank / Charitable Organization

    Property Details for 5001 Independence Ave

    Year built
    1981
    Property type
    Churches & religious facilities
    Property subtype
    Day care centers

    Description

    This prime Kansas City, MO investment opportunity presents a versatile 13,918 square foot property situated on a spacious 16,611 square foot lot (0.38 acres) at 5001 Independence Avenue, zip code 64124. Built in 1981, the property comprises two buildings and currently offers seven office units and a church space across two stories. The asking price is $500,000, translating to $35.91 per square foot. Currently vacant, this property offers significant value-add potential for a variety of uses, including religious organizations, office rentals, multifamily, or senior living facilities. Located within an Opportunity Zone, this property is eligible for city grants and incentives, such as Community Improvement District (CID) sales tax and Tax Increment Financing (TIF) programs, designed to enhance return on investment. The property boasts a projected pro-forma NOI of 14.78%, indicating strong income potential. Its location in a high-traffic area with favorable community demographics, combined with excellent accessibility and flexible zoning, makes this a compelling investment opportunity. The property features solid construction and benefits from its strategic location. All information is deemed reliable but not guaranteed; buyers are advised to independently verify all details.

    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
    -94.523131
    Latitude
    39.1051327

    Comparable in this City

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      13,918 SF

      Versatile Kansas City Investment Opportunity

      Two buildings totaling 13,918 SF on 0.38 acres.
      5001 Independence Ave, Kansas City, MO 64124
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    • Contact for pricing
      59,840 SF

      Multifamily Property for Sale

      Multifamily property available for purchase.
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    • $499,000
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      Renovated Multifamily Property in Kansas

      Modern, fully renovated 5-unit property with furnished kitchens and parking.
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      Land in Kansas City, MO

      Land available in Kansas City, Missouri.
      406 Bales Ave, Kansas City, MO 64124
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      Turn-Key Kansas City Triplex

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    Similar Nearby for Sale

    • Contact for pricing
      13,918 SF

      Versatile Kansas City Investment Opportunity

      Two buildings totaling 13,918 SF on 0.38 acres.
      5001 Independence Ave, Kansas City, MO 64124
      View Details
    • Contact for pricing
      59,840 SF

      Multifamily Property for Sale

      Multifamily property available for purchase.
      3509 Anderson Ave, Kansas City, MO 64124
      View Details
    • $499,000
      0.14 Acres

      Renovated Multifamily Property in Kansas

      Modern, fully renovated 5-unit property with furnished kitchens and parking.
      2647 E 6Th St, Kansas City, MO 64124
      View Details
    • Contact for pricing
      0.08 Acres

      Land in Kansas City, MO

      Land available in Kansas City, Missouri.
      406 Bales Ave, Kansas City, MO 64124
      View Details
    • $325,000
      0.14 Acres

      Turn-Key Kansas City Triplex

      Updated triplex with modern amenities and high-quality finishes.
      2835 E 8Th St, Kansas City, MO 64124
      View Details
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    5001 Independence Ave
    Kansas City, MO 64124
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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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