Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    620 38th St Kansas City, KS 66106-1263
    Back to Search
    Property profile & analytics

    620 38th St, Kansas City, KS 66106-1263

    View on Map
    • Warehouses
    • 20,130 SF
    • 7.06 lot acres
    Off-Market
    Last Sale Nov 1, 2024
    Property ID
    US33-0804116
    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
    $1,425,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Layne Christensen Co / Construction Company / General Contractor
    • Layne, A Granite Company / Business To Business Service

    Property Details for 620 38th St

    Year built
    1982
    Lot size
    7.06 lot acres
    Property type
    Warehouses
    APN
    912402
    APU
    912402

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 1, 2024 — Master-halco INC Layne Christensen Company Special Warranty Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,385,000
      Market price range: $548k - $1.39M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $925,000
      Current use
      AUTO REPAIR, GARAGE
      $2,370,000
      Change: +156% Conversion: Easy
      OFFICE BUILDING
      $2,180,000
      Change: +136% Conversion: Difficult
      RETAIL STORES
      $1,775,000
      Change: +92% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $1,705,000
      Change: +84% Conversion: Difficult
      MEDICAL BUILDING
      $1,405,000
      Change: +52% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $1,380,000
      Change: +49% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Kansas City
    County
    Wyandotte
    State
    Kansas
    Longitude
    -94.6733
    Latitude
    39.0864
    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
    $89,209
    $210,690
    $303,285
    $513,975
    -
    $842,760
    $1,213,140
    $2,055,900

    Comparable in this City

    • Value Estimation by Request
      11,809 SF

      901 25th St

      STORAGE YARD (JUNK, SALVAGE)
      901 25th St, Kansas City, KS 66106
      View Details
    • Value Estimation by Request
      5,110 SF

      4200 Speaker Rd

      WAREHOUSE, STORAGE
      4200 Speaker Rd, Kansas City, KS 66106-1028
      View Details
    • Value Estimation
      $5,085,000
      338,957 SF

      417 42nd St

      WAREHOUSE, STORAGE
      417 42nd St, Kansas City, KS 66106-1005
      View Details
    • Value Estimation
      $915,000
      33,193 SF

      301 55th St

      WAREHOUSE, STORAGE
      301 55th St, Kansas City, KS 66106
      View Details
    • Value Estimation by Request
      9,964 SF

      1949 Foxridge Dr

      WAREHOUSE, STORAGE
      1949 Foxridge Dr, Kansas City, KS 66106-4733
      View Details
    • Value Estimation
      $560,000
      12,224 SF

      2338 Merriam Ln

      WAREHOUSE, STORAGE
      2338 Merriam Ln, Kansas City, KS 66106-4719
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      11,000 SF

      Industrial Property For Sale

      11,000 SqFt industrial property available for purchase.
      956 Osage Ave, Kansas City, KS 66106
      View Details
    • $3,500,000
      9,820 SF

      Renovated Truck Shop on 2.13 Acres

      Renovated 7-bay truck shop with office on 2.13 acres.
      336 S 42Nd St, Kansas City, KS 66106
      View Details
    • Contact for pricing

      Industrial Property with Fenced Acreage

      Industrial property with building, auto lifts, and fenced acreage.
      938 S 26Th St, Kansas City, KS 66106
      View Details
    • Contact for pricing

      Land with Highway Access

      Land with great access to I-435 & I-70.
      2528 S 74Th St, Kansas City, KS 66106
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      382,000 SF

      Kansas City Warehouse For Rent

      Large warehouse space available in Kansas City, Kansas.
      5101 Speaker Rd, Kansas City, KS 66106
      View Details
    • Contact for pricing
      12,119 SF

      Flex Warehouse with High Visibility

      Flex/warehouse spaces with high visibility and loading options.
      2810 S 44Th St, Kansas City, KS 66106
      View Details
    • Contact for pricing
      19,780 SF

      Kansas City Industrial Space Available

      24,300 SF industrial space for lease in Kansas City.
      3008-3026 S 24Th St, Kansas City, KS 66106
      View Details
    • $5 SF/Yr
      19,780 SF

      Kansas City Warehouse Space Available

      19,780 square foot warehouse space for lease.
      3010 South 24Th St, Kansas City, KS 66106
      View Details
    • Contact for pricing
      191,740 SF

      Kansas City Industrial Space Available

      Industrial property available for rent in Kansas City, Kansas.
      5300 Kansas Ave, Kansas City, KS 66106
      View Details
    • Contact for pricing
      55,977 SF

      Commercial Land Ready to Build

      Commercial land available for rent, utilities to site.
      300 S 55Th St, Kansas City, KS 66106
      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.
    620 38th St
    Kansas City, KS 66106-1263
    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

    Thank You for Inquiry
    620 38th St, Kansas City, KS, 66106
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!