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

    6800 116th St Kansas City, MO 64134-3739

    • Parking lots & garages
    • 0.28 lot acres
    OFF-MARKET
    Last Sale
    Jan 21, 2020
    Value Estimations
    $245,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US48-0699344
    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

    • Grace Church of Kansas City (formerly Word of Life Worship Center) / Religious Organization
    • Southland Event Center / Event Venue
    • Word of Life Learning Center / Preschool / Day Care Center
    • Word of Life Worship Center / Religious Organization

    Property Details for 6800 116th St

    Lot size
    0.28 lot acres
    Property type
    Parking lots & garages
    APN
    64-610-02-15
    APU
    646100215

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $245,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Kansas City
    County
    Jackson
    State
    Missouri
    Longitude
    -94.5112
    Latitude
    38.9135
    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
    2024
    $0.00
    $6,144
    $672
    $6,816
    -
    $0.00
    $0.00
    $21,300

    Comparable in this City

    • Value Estimation
      $250,000
      561 SF

      5810 Red Brg Rd

      PARKING LOT • 561 SF
      5810 Red Brg Rd, Kansas City, MO 64134-2626
      View Details
    • Value Estimation
      $265,000
      1.10 Acres

      11827 Blue Rdg Blvd

      PARKING LOT • 1.10 Acres
      11827 Blue Rdg Blvd, Kansas City, MO 64134-3720
      View Details
    • Value Estimation
      $255,000
      0.02 Acres

      11044 Hickman Mls Dr

      PARKING LOT • 0.02 Acres
      11044 Hickman Mls Dr, Kansas City, MO 64134
      View Details
    • Value Estimation
      $260,000
      1.30 Acres

      11522 Hickman Mls Dr

      PARKING LOT • 1.30 Acres
      11522 Hickman Mls Dr, Kansas City, MO 64134
      View Details
    • Value Estimation
      $270,000
      0.62 Acres

      10151 James A Reed Rd

      PARKING LOT • 0.62 Acres
      10151 James A Reed Rd, Kansas City, MO 64134
      View Details
    • Value Estimation
      $315,000
      936 SF

      11423 Hickman Mls Dr

      PARKING LOT • 936 SF
      11423 Hickman Mls Dr, Kansas City, MO 64134
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      89,691 SF

      Ruskin Heights Shopping Center Investment

      High-yield retail center in prime KC location.
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      View Details
    • $5,200,000
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      Raytown Road Land: Prime 52 Acres

      Missouri farmland with lake & forest. High-speed internet available.
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    • $3,765,000

      Redevelopment Opportunity: Two-Asset Portfolio

      Two-asset portfolio ideal for mixed-use redevelopment in distressed census tract.
      8202-8350 E Bannister Rd, Kansas City, MO 64134
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    • $950,000
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      Development Land in Kansas City

      37-acre development land suitable for residential, commercial, or mixed-use projects.
      View High Dr, Kansas City, MO 64134
      View Details
    • Contact for pricing

      Kansas City Residential Land Parcel

      Build Your Dream Home - 20,362 sq ft lot
      10516 Corrington Ave, Kansas City, MO 64134
      View Details
    • $450,000
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      27-Acre Residential Land, KC MO

      Wooded land, high-growth area, development potential.
      9721 Elm Ave, Kansas City, MO 64134
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    Similar Nearby for Lease

    • $16 SF/Yr
      5,505 SF

      Grandview Village Shops Retail Space

      Prime Retail Space, I-49 & Blue Ridge Blvd.
      11902-11906 Blue Ridge Blvd, Grandview, MO 64134
      View Details
    • $9 SF/Yr
      89,691 SF

      Ruskin Heights Shopping Center - KC

      Prime Retail Space Available in Kansas City
      0 Swc Of Red Brg Rd And Blue Rdg Blvd, Kansas City, MO 64134
      View Details
    • $10 SF/Yr
      2,240 SF

      Versatile Retail/Office Space Available

      Retail and office spaces with highway visibility and ample parking.
      7810-10900 NW 100Th St, Kansas City, MO 64134
      View Details
    • $9 SF/Yr
      13,056 SF

      Retail Spaces on Blue Ridge

      Retail spaces for lease in established Kansas City shopping center.
      11104-11114 Blue Ridge Blvd, Kansas City, MO 64134
      View Details
    • Contact for pricing
      400,828 SF

      Kansas City Warehouse Space Available

      400,828 square foot warehouse space for lease.
      7501 NW 106Th Ter, Kansas City, MO 64134
      View Details
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    6800 116th St
    Kansas City, MO 64134-3739
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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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