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    5407 Waukomis Dr Kansas City, MO 64151
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    Property profile & analytics

    5407 Waukomis Dr Kansas City, MO 64151

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    • Commercial real estate
    • 4.22 lot acres
    Off-Market
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 5407 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 estimation — 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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    Similar Nearby for Sale

    • $359,900
      1,161 SF

      Immaculate Ranch Home in Kansas

      Well-maintained ranch home with main-level living and unfinished basement.
      6035 NW 79Th St, Kansas City, MO 64151
      View Details
    • New
      $399,000
      1.53 Acres

      Remodeled Homes on 1.5 Acres

      Two remodeled homes on 1.5 acres near I-29.
      2308 NW 53Rd Ter, Kansas City, MO 64151
      View Details
    • $900,000

      Land for Sale

      Land available for purchase in Kansas City, Missouri.
      6340 N Lucerne Ave, Kansas City, MO 64151
      View Details
    • $219,950
      3.70 Acres

      Land in Prime Location

      3.7 acres of land with endless potential.
      2701 NW 68Th St, Kansas City, MO 64151
      View Details
    • $150,000
      2.16 Acres

      Land in Parkville Area

      Acreage on outer road along I-29 in Parkville area.
      6217 NW Roanridge Rd, Kansas City, MO 64151
      View Details
    • $125,000
      0.99 Acres

      Land in Great Kansas City Location

      Almost an acre in Park Hill School District, treed and fenced.
      7022 N Overland Dr, Kansas City, MO 64151
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land for Lease Kansas City

      Land available for lease in Kansas City, Missouri.
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      Retail Space for Lease

      Retail spaces available for lease in Kansas City, MO.
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    • $14 SF/Yr

      Turnkey Restaurant Space Available

      Restaurant space for lease in a high-visibility location.
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      Retail Power Center For Rent

      245,200 SF retail power center with excellent visibility.
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      Prominent Bank Building For Rent

      Office space in a prominent bank building with ample parking.
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      2,800 SF

      Retail Space Near I-29

      Retail space available in high-traffic Kansas City location.
      6409-6501 N Cosby Ave, Kansas City, MO 64151
      View Details
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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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