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Property profile & analytics
FOR SALE
Office buildings
6340 N Lucerne Ave Kansas City, MO 64151
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US48-0340963
For Sale
1 / 3
$900,000
6340 N Lucerne Ave, Kansas City, MO 64151
View Listing →
Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2019
Total area
10,965 SF
Lot
1.88 ac (81,893 SF)
APN
19-9.0-30-000-000-001-006
UPID
US48-0340963
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Kim James Real Estate - ReeceNichols Real Estate Agency
-
ReeceNichols Parkville - Real Estate Agency Real Estate Agency
-
Velia Chavez Reece Nichols Agent Real Estate Agency
-
Lisa Baumli Reece Nichols Real Estate Agency
-
Luke Shanley, Reece Nichols Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$555k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$852k
Blend (final)
Blend
$705k
Owner & transaction history
Badiesha Hotels INC · 7 yrs held
Badiesha Hotels INC
since 2019
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$920,000
+34.5%
Warehouse, storage
$710,000
+4.0%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Kansas City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kansas City submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$555,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$680,000
Current use
INDUSTRIAL (GENERAL)
$920,000
Change: +35% · Conversion: Difficult
WAREHOUSE, STORAGE
$710,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$705k
Range $635k – $776k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$64 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$56,125
Tax year 2023
Assessed value
$670,827
Assessed 2023
Previous assessed
$670,827
+0.0% YoY
Effective rate
8.37%
On assessed value
Assessed land
$235,983
Assessed improvement
$434,844
Land market value
$737,448
Improvement market value
$1,358,888
Total market value
$2,096,336
Applied tax rate
13.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
2019
Heating
NONE
Stories
1
Total area
10,965 SF
Lot
1.88 ac (81,893 SF)
APN
19-9.0-30-000-000-001-006
UPID
US48-0340963
Jurisdiction
PLATTE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$680,000
INDUSTRIAL (GENERAL)
Est. value
$920,000
WAREHOUSE, STORAGE
Est. value
$710,000
OFFICE BUILDING Current
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2019
Heating
NONE
Stories
1
Lot
1.88 ac
Current owner
From public records · entity-resolved
Badiesha Hotels INC
Entity
Mailing address
9516 N ARLINGTON AVE, KANSAS CITY, MO 64157-8504
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 17, 2022
—
Badiesha Hotels INC
—
Deed
related
$3,429,028 · First Interstate Bank
Feb 28, 2019
—
Badiesha Hotels INC
Twenty Two Eleven
Special Warranty Deed
$2,936,000 · Anb Bank
Mar 27, 2018
—
Burlington Pad LLC
—
Deed
related
$2,418,153 · Bankliberty Fsb
Jun 29, 2017
—
Burlington Pad LLC
Bankliberty
Grant Deed
$2,268,153 · Bankliberty
Oct 18, 2010
$1,000,000
Bankliberty
Crossett,john M
Trustees Deed
—
—
—
Burlington Pad LLC
—
Loan Modification
related
$2,418,153 · Bankliberty Fsb
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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