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

    5407 NW Waukomis Dr Kansas City, MO 64151

    • Commercial real estate
    • 4.22 lot acres
    For Sale
    View listing
    $180,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US48-2784305
    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

    • Commercial real estate

    Property Details for 5407 NW Waukomis Dr

    Lot size
    4.22 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 4.22-acre property, located at 5407 NW Waukomis Drive in Kansas City, Missouri, presents a unique opportunity for both residential and commercial development. Currently zoned R-7.5 by the City of Kansas City (though the listing mentions an approximate 5.05-acre size, the actual acreage for sale is 4.22 acres), this expansive lot offers significant potential. Imagine building your dream home on this spacious land, enjoying the peace and quiet of a larger lot while still maintaining convenient access to major highways and urban amenities. Alternatively, the substantial size makes it ideal for a variety of commercial ventures. The property's location in Platte County, with a 64151 zip code, ensures easy connectivity to the broader Kansas City metropolitan area. The latitude and longitude coordinates are 39.1934743 and -94.6061023 respectively. This is a rare opportunity to acquire a sizeable parcel of land in a desirable location, offering flexibility and potential for significant return on investment. The asking price for this remarkable property is $180,000. Don't miss this chance to secure your future in a thriving community.

    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
    Platte
    State
    Missouri
    Longitude
    -94.6061023
    Latitude
    39.1934743

    Comparable in this City

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      Prime 10-Acre KC Development Land

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      Green Hills Rd Commercial Development

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      Land for Sale

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    Similar Nearby for Sale

    • $499,000
      10.65 Acres

      Prime 10-Acre KC Development Land

      Build your dream home in Park Hill!
      5509 Waukomis Dr, Kansas City, MO 64151
      View Details
    • $75,000
      0.68 Acres

      Kansas City Residential Land - $75K

      0.68-acre buildable lot in Park Hill School District.
      4924 Linden Rd, Kansas City, MO 64151
      View Details
    • Contact for pricing
      0.51 Acres

      Prime Northborough Retail Space

      7,500 SF Retail/Restaurant Opportunity
      High Barry Rd X Marston Ave, Kansas City, MO 64151
      View Details
    • $125,000
      4.01 Acres

      Prime KC Northland Land

      4.01 Acres, Build Your Dream Home
      00000 81St St, Kansas City, MO 64151
      View Details
    • $10,356,390
      89.00 Acres

      Green Hills Rd Commercial Development

      89 Acres, Retail & Multifamily Potential
      0 Green Hills Rd, Kansas City, MO 64151
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    • $900,000

      Land for Sale

      Land available for purchase in Kansas City, Missouri.
      6340 N Lucerne Ave, Kansas City, MO 64151
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    Similar Nearby for Lease

    • Contact for pricing

      Land for Lease Kansas City

      Land available for lease in Kansas City, Missouri.
      NW Prairie View Rd, Kansas City, MO 64151
      View Details
    • $14 SF/Yr
      31,790 SF

      Tiffany Plaza Retail Center: Prime Space Available

      Kansas City Retail Center - Multiple Spaces For Lease
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    • $21 SF/Yr
      1,100 SF

      Picture Hills Office Space Available

      1,100 SF Office, Prime KCMO Location
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      Platte Woods Executive Office Space

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      Retail Space Near I-29

      Retail spaces for lease with great access and visibility.
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      443 SF

      Kansas City Office Space Available

      Office space available for rent in Kansas City, Missouri.
      6301 W 63Rd St, Kansas City, MO 64151
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    Kansas City, MO 64151
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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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