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    Property profile & analytics

    6340 Lucerne Ave Kansas City, MO 64151

    • Office buildings
    • 10,965 SF
    • 1.88 lot acres
    For Sale
    View listing
    $900,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US48-0340963
    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

    • Kim James Real Estate - ReeceNichols / Real Estate Agent
    • ReeceNichols Parkville - Real Estate Agency / Real Estate Agent / Real Estate Agency
    • Velia Chavez Reece Nichols Agent / Real Estate Agency
    • Lisa Baumli Reece Nichols / Real Estate Agent
    • Luke Shanley, Reece Nichols / Real Estate Agent

    Property Details for 6340 Lucerne Ave

    Year built
    2019
    Lot size
    1.88 lot acres
    Property size
    10,965 SF
    Property type
    Office buildings
    APN
    19-9.0-30-000-000-001-006
    APU
    199030000000001006

    Description

    This exceptional 1.14-acre commercial lot, identified by APN numbers 19-90-30-200-002-013-000 and 19-90-30-200-002-013-001, is perfectly situated at 6340 N Lucerne Ave, Kansas City, MO 64151, within the Burlington Creek community in Platte County. Priced at $900,000, this property boasts a highly desirable location, less than one mile from I-29 and minutes from Kansas City International Airport (KCI). The site is zoned for commercial use and offers significant advantages for developers. Utilities, detention, and parking are already in place, making this a truly build-ready opportunity. The surrounding area features executive housing, a Sprouts-anchored high-end shopping center, and numerous national and local retail tenants, ensuring high visibility and strong potential for customer traffic. The location within Platte County, known for its high per capita income, presents a compelling investment opportunity. This mixed-use community is home to thousands of residents, providing a built-in customer base. Site #2 is also available. Don't miss this chance to acquire a prime commercial lot in a thriving Kansas City location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $555,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $851,000
      Market price range: $348k - $852k

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

    Location Insight

    • Map
    • Local Demand
    City
    Kansas City
    County
    Platte
    State
    Missouri
    Longitude
    -94.6541
    Latitude
    39.2097
    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
    $56,125
    $235,983
    $434,844
    $670,827
    -
    $737,448
    $1,358,888
    $2,096,336

    Comparable in this City

    • Value Estimation
      $435,000
      6,656 SF

      6340 Chatham Ave

      OFFICE BUILDING • 6,656 SF
      6340 Chatham Ave, Kansas City, MO 64151-2473
      View Details
    • Value Estimation
      $315,000
      2,800 SF

      6218 Chatham Ave

      OFFICE BUILDING • 2,800 SF
      6218 Chatham Ave, Kansas City, MO 64151-2472
      View Details
    • Value Estimation
      $515,000
      18,931 SF

      6300 Revere Dr

      OFFICE BUILDING • 18,931 SF
      6300 Revere Dr, Kansas City, MO 64151-3922
      View Details
    • Value Estimation
      $310,000
      1,403 SF

      5705 64th Ter

      OFFICE BUILDING • 1,403 SF
      5705 64th Ter, Kansas City, MO 64151-2382
      View Details
    • Value Estimation
      $420,000
      11,982 SF

      6400 Cosby Ave

      OFFICE BUILDING • 11,982 SF
      6400 Cosby Ave, Kansas City, MO 64151-2377
      View Details
    • Value Estimation
      $300,000
      4,800 SF

      5106 Waukomis Dr

      OFFICE BUILDING • 4,800 SF
      5106 Waukomis Dr, Kansas City, MO 64151-3502
      View Details

    Similar Nearby for Sale

    • $154,000
      1,100 SF

      Office Condo Near I-29

      1,100 SF office condo for sale or lease.
      5701 NW 64Th Ter, Kansas City, MO 64151
      View Details
    • Contact for pricing
      0.99 Acres

      Hopewell Commercial Land, Kansas City

      Prime Commercial Lots, High Visibility, Customizable
      6730 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
    • Contact for pricing

      Land Tracts in Residential Area

      Land with frontage, easy access, and close to communities.
      8335 N Pontiac Ave, Kansas City, MO 64151
      View Details
    • Contact for pricing

      Highway 152 Land Opportunity

      5.473 acre commercial land with highway visibility.
      Green Hills Rd, Kansas City, MO 64151
      View Details
    • $2,352,240

      Land Approved for Retail

      Land with TIF project approval, zoned for retail use.
      10503 E 78Th Ter, Raytown, MO 64151
      View Details

    Similar Nearby for Lease

    • $21 SF/Yr
      1,100 SF

      Picture Hills Office Space Available

      1,100 SF Office, Prime KCMO Location
      5711 64Th Ter, Kansas City, MO 64151
      View Details
    • $13 SF/Yr
      12,497 SF

      Platte Woods Executive Office Space

      Prime Platte Woods Office Suites Available
      6500 Tower Dr, Platte Woods, MO 64151
      View Details
    • Contact for pricing
      443 SF

      Kansas City Office Space Available

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