Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    550 New Mark Dr Kansas City, MO 64155-1907

    • Commercial real estate
    • 0.65 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US48-3295922
    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

    • Animal Clinic of Newmark / Veterinary Clinic

    Property Details for 550 New Mark Dr

    Lot size
    0.65 lot acres
    Property type
    Commercial real estate
    APN
    09-914-00-01-007-00
    APU
    9914000100700

    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
    Clay
    State
    Missouri
    Longitude
    -94.5726
    Latitude
    39.2778
    CBSA code
    28140
    CBSA name
    KANSAS CITY, MO-KS METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $9,612
    $0.00
    $0.00
    $101,980
    -
    $0.00
    $0.00
    $318,687

    Comparable in this City

    • Value Estimation by Request
      4.97 Acres

      501 Barry Rd

      COMMERCIAL (GENERAL) • 4.97 Acres
      501 Barry Rd, Kansas City, MO 64155-2732
      View Details
    • Value Estimation by Request
      15.12 Acres

      400 Barry Rd

      COMMERCIAL (GENERAL) • 15.12 Acres
      400 Barry Rd, Kansas City, MO 64155-2725
      View Details
    • Value Estimation by Request

      95th Ter

      COMMERCIAL (GENERAL)
      95th Ter, Kansas City, MO 64155
      View Details
    • Value Estimation by Request
      9.41 Acres

      8420 Madison Ave

      COMMERCIAL (GENERAL) • 9.41 Acres
      8420 Madison Ave, Kansas City, MO 64155-2777
      View Details
    • Value Estimation by Request
      0.68 Acres

      8407 Main St

      COMMERCIAL (GENERAL) • 0.68 Acres
      8407 Main St, Kansas City, MO 64155-2426
      View Details
    • Value Estimation by Request
      1.29 Acres

      11109 Oak Trfy

      COMMERCIAL (GENERAL) • 1.29 Acres
      11109 Oak Trfy, Kansas City, MO 64155-1167
      View Details

    Similar Nearby for Sale

    • $7,650,000
      72.65 Acres

      I-435 & North Woodland Land

      72-Acre Mixed-Use Development Site
      0 Woodland Ave, Kansas City, MO 64155
      View Details
    • $61,000

      Prime Northland Farm Land

      Missouri farmland, 12,197 sq ft, $61,000
      8701 Oak Trfy, Kansas City, MO 64155
      View Details
    • Contact for pricing
      80.00 Acres

      80 Acres Prime KC Land

      Massive development potential, R-80 zoning.
      152 Barry Rd, Kansas City, MO 64155
      View Details
    • $2,600,000
      2.25 Acres

      Retail Strip in High-Demand Area

      Newer retail strip in the Northland area of Kansas City.
      10921 N Summit St, Kansas City, MO 64155
      View Details
    • $75,000
      0.23 Acres

      Kansas City Residential Land - $75K

      Build Your Dream Home on 0.23 Acres
      635 110Th St, Kansas City, MO 64155
      View Details
    • $375,000
      4.08 Acres

      Prime 4 Acre Estate Lot in KC

      Build your dream home on this stunning 4.08-acre lot.
      5251-3 108Th St, Kansas City, MO 64155
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      273,000 SF

      Twin Creeks Retail Center

      Kansas City, MO: Prime Retail Space Available
      0 Nwc Barry Rd & Hwy 169, Kansas City, MO 64155
      View Details
    • Contact for pricing
      2,400 SF

      Retail Space with High Visibility

      Retail space for lease with ample parking and renovations coming.
      200-260 NE Barry Rd, Kansas City, MO 64155
      View Details
    • $23 SF/Yr
      1,875 SF

      Retail Space on NW Barry

      Retail space available for lease in Kansas City, MO.
      6220-6332 NW Barry Rd, Kansas City, MO 64155
      View Details
    • $18 SF/Yr
      1,000 SF

      Retail Space Near Grocery Store

      Retail spaces available in neighborhood shopping center.
      10201 N Oak Trfy, Kansas City, MO 64155
      View Details
    • Contact for pricing

      Commercial Land for Ground Lease

      1.03 AC for ground lease in growing area.
      NE Barry Rd, Kansas City, MO 64155
      View Details
    • Contact for pricing
      19,350 SF

      Turn-Key Office Space Available

      Fully equipped office space with 110 seats for rent.
      3315 N Oak Trfy, Kansas City, MO 64155
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    550 New Mark Dr
    Kansas City, MO 64155-1907
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.