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    5304 24Th St Kansas City, MO 64127
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    Property profile & analytics

    5304 24Th St Kansas City, MO 64127

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    • Bars & Pubs
    Off-Market
    Property ID
    US48-0390171
    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

    • 3 Kingz / Restaurant
    • Yum Yum Bar & Event Space / Bar & Pub / Restaurant
    • Yum Yum KC Venue and Event Space / Restaurant

    Property Details for 5304 24Th St

    Year built
    1925
    Property type
    Bars & Pubs
    Property subtype
    Pubs

    Description

    Prime Kansas City location at 5304 E 24th Street offers a remarkable investment opportunity. This fully renovated, single-story, 8,968 sq ft building, constructed in 1925, boasts a turnkey bar and restaurant operation. The property includes two fully equipped commercial kitchens—one designed for high-efficiency drive-thru service and the other for sit-down dining—along with an existing liquor license, walk-up window, and curbside pickup. Ample outdoor seating areas at both the front and rear create a dynamic social space. The interior and exterior have undergone renovations, resulting in a modern and inviting ambiance. Six bathrooms (two full baths) cater to both patrons and staff. Parking is readily available with space for 60 vehicles. A comprehensive 20-camera security system monitors the entire property, inside and out. All equipment is included in the sale, encompassing kitchen appliances, pool tables, games, and a professional DJ setup with QSC speakers. The asking price is $450,000. The adjacent laundromat at 5300 E 24th Street is also available for purchase, offering the potential to own the entire block. Additionally, the seller is willing to include two 2-bedroom single-family homes located at 2333 Vanbrunt and 2340 Hardesty, situated directly behind the strip mall, as part of a comprehensive package deal involving the purchase of both properties at 5300-5304 E 24th Street. This exceptional property presents a unique opportunity for immediate operation and lucrative potential.

    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
    -94.5207506
    Latitude
    39.0816419

    Comparable in this City

    • $330,000

      Commercial Kitchen and Laundromat Opportunity

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      5208 E 24Th St, Kansas City, MO 64127
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      1,140 SF

      2-Bay Car Wash for Sale

      Two-bay self-service car wash on Prospect Avenue, Kansas City.
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    • $365,000
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      Mixed-Use Multifamily Investment Opportunity

      Income-producing property with residential apartments and commercial storefronts.
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      5,000 SF

      Mixed-Use Property in Kansas City

      Mixed-use property featuring residential and commercial units in Kansas City.
      3201 E 12Th St, Kansas City, MO 64127
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    • $185,000
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      Versatile Commercial Property on Corner Lot

      Commercial property with secure storage, workspace, and ample parking.
      2815 E 23Rd St, Kansas City, MO 64127
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      5,000 SF

      Mixed-Use Investment Opportunity

      Four residential and four commercial units in Kansas City.
      3201 E 12Th St, Kansas City, MO 64127
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    Similar Nearby for Sale

    • $330,000

      Commercial Kitchen and Laundromat Opportunity

      Commercial kitchen, laundromat, lots, and house included in sale.
      5208 E 24Th St, Kansas City, MO 64127
      View Details
    • Contact for pricing
      1,140 SF

      2-Bay Car Wash for Sale

      Two-bay self-service car wash on Prospect Avenue, Kansas City.
      2508 Prospect Ave, Kansas City, MO 64127
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    • Contact for pricing
      5,000 SF

      Mixed-Use Property in Kansas City

      Mixed-use property featuring residential and commercial units in Kansas City.
      3201 E 12Th St, Kansas City, MO 64127
      View Details
    • $365,000
      0.07 Acres

      Mixed-Use Multifamily Investment Opportunity

      Income-producing property with residential apartments and commercial storefronts.
      5518-5520 E Truman Rd, Kansas City, MO 64127
      View Details
    • $185,000
      Pending

      Versatile Commercial Property on Corner Lot

      Commercial property with secure storage, workspace, and ample parking.
      2815 E 23Rd St, Kansas City, MO 64127
      View Details
    • Contact for pricing
      5,000 SF

      Mixed-Use Investment Opportunity

      Four residential and four commercial units in Kansas City.
      3201 E 12Th St, Kansas City, MO 64127
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    Similar Nearby for Lease

    • Contact for pricing

      Corner Lot Retail Space Available

      9,987 SF retail space with high visibility and parking.
      2522 E Truman Rd, Kansas City, MO 64127
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      Available Industrial Space in Kansas

      80,000 SF industrial space with central location and modern features.
      5224 Winner Rd, Kansas City, MO 64127
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      4,300 SF

      Spacious Office Space with Access

      Office space featuring open floor plan, freight elevator, dock access.
      1921 E Truman Rd, Kansas City, MO 64127
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      12,053 SF

      Industrial Space with Dock-High Doors

      Industrial space featuring dock-high doors and immediate highway access.
      1910-2024 E 18Th St, Kansas City, MO 64127
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    • Contact for pricing
      80,000 SF

      Kansas City Warehouse Space Available

      80,000 square foot warehouse space for lease in Kansas City.
      5230 Winner Rd, Kansas City, MO 64127
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    Property Visit Statistics

    • Visits by month
      4.4k
    • Visitors by month
      3.0k
    • Avg Time on site
      9 min
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    Kansas City, MO 64127
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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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