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

    5509 NW Waukomis Dr Kansas City, MO 64151

    • Small apartment buildings
    • 10.65 lot acres
    For Sale
    View listing
    $399,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US48-2916298
    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

    • Small apartment buildings

    Property Details for 5509 NW Waukomis Dr

    Lot size
    10.65 lot acres
    Property type
    Small apartment buildings

    Description

    This exceptional 10.65-acre lot in Kansas City, Missouri's desirable Park Hill School District presents a unique development opportunity. Located at 5509 NW Waukomis Drive, zip code 64151, this property offers a blend of privacy and convenience. Situated on a corner lot, it boasts easy highway access, placing you just 20 minutes from KCI Airport and 15 minutes from downtown Kansas City. Enjoy a tranquil setting with a private stream, abundant wildlife, and natural beauty, while still being minutes away from local amenities including grocery stores, a farmers market, gas stations, restaurants, and shopping. The property features existing city sewer lines (ready for connection), water, and electricity at the street, along with high-speed fiber availability. Minimal building restrictions allow for extensive customization. A topographical survey is available upon request. This multifamily, commercial, and residential zoned land is priced at $499,000, with seller financing options available with a 10% down payment. Don't miss this chance to build your ideal property in a sought-after location.

    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
    -94.605603
    Latitude
    39.195236

    Comparable in this City

    • $10,356,390
      89.00 Acres

      Green Hills Rd Commercial Development

      89 Acres, Retail & Multifamily Potential
      0 Green Hills Rd, 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
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    • $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
    • $180,000
      4.22 Acres

      Kansas City Land: 4.22 Acres

      Prime Development Land, Residential Potential
      5407 Waukomis Dr, 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

    Similar Nearby for Sale

    • $10,356,390
      89.00 Acres

      Green Hills Rd Commercial Development

      89 Acres, Retail & Multifamily Potential
      0 Green Hills Rd, 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
    • $180,000
      4.22 Acres

      Kansas City Land: 4.22 Acres

      Prime Development Land, Residential Potential
      5407 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
    • $900,000

      Land for Sale

      Land available for purchase in Kansas City, Missouri.
      6340 N Lucerne Ave, 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.
      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
      8114-8164 Prairie View Rd, Kansas City, MO 64151
      View Details
    • $8 SF/Yr
      13,572 SF

      Platte Woods Executive Office Space

      Prime I-29 Corridor office suites available.
      6500 Tower Dr, Platte Woods, MO 64151
      View Details
    • $14 SF/Yr
      942 SF

      Kansas City Office Space Available

      Office space available for lease in Kansas City, MO.
      6500 NW Tower Dr, Kansas City, MO 64151
      View Details
    • $28 SF/Yr
      1,229 SF

      Kansas City Office Space Available

      Office space available for lease in Kansas City, Missouri.
      6300 N Revere Dr, Kansas City, MO 64151
      View Details
    • $14 SF/Yr
      980 SF

      Retail Space I-29 Frontage

      Retail space with excellent I-29 visibility near Zona Rosa.
      8124-8140 NW Prairie View Rd, 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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