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

    6900 50th Ter Mission, KS 66202-1408

    • Garden apartment buildings
    • 4,896 SF
    • 17.43 lot acres
    OFF-MARKET
    Value Estimations
    $650,000
    Show details
    Cap Rate Potential
    8.1%
    Garden apartment buildings
    Location Intelligence
    Property ID
    US33-0315903
    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

    • Garden apartment buildings

    Property Details for 6900 50th Ter

    Year built
    1972
    Construction
    FRAME
    Lot size
    17.43 lot acres
    Property size
    4,896 SF
    Zone code
    R6
    Property type
    Garden apartment buildings
    APN
    KF251205-1041
    APU
    KF2512051041

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $610,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $755,000
      6.5%
      $695,000
      7%
      $645,000

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $435,000
      NEIGHBORHOOD: SHOPPING CENTER
      $400,000
      AUTO REPAIR, GARAGE
      $365,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Mission
    County
    Johnson
    State
    Kansas
    Longitude
    -94.6647
    Latitude
    39.0388
    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
    $259,337
    $327,329
    $1,609,271
    $1,936,600
    -
    $2,846,340
    $13,993,660
    $16,840,000

    Comparable in this City

    • Value Estimation
      $255,000
      0.02 Acres

      Mission, KS 66202

      GARDEN APT, COURT APT (5+ UNITS) • 0.02 Acres
      Mission, KS 66202
      View Details
    • Value Estimation
      $295,000
      0.84 Acres

      7205 55th Ter

      GARDEN APT, COURT APT (5+ UNITS) • 0.84 Acres
      7205 55th Ter, Shawnee Mission, KS 66202-1221
      View Details
    • Value Estimation
      $610,000
      18,414 SF

      6121 Marty St

      GARDEN APT, COURT APT (5+ UNITS) • 18,414 SF
      6121 Marty St, Overland Park, KS 66202-3177
      View Details
    • Value Estimation
      $630,000
      21,834 SF

      5551 Marty St

      GARDEN APT, COURT APT (5+ UNITS) • 21,834 SF
      5551 Marty St, Overland Park, KS 66202-1266
      View Details
    • Value Estimation
      $450,000
      15,300 SF

      5880 58th St

      GARDEN APT, COURT APT (5+ UNITS) • 15,300 SF
      5880 58th St, Mission, KS 66202-2704
      View Details
    • Value Estimation
      $630,000
      14,532 SF

      5600 Floyd St

      GARDEN APT, COURT APT (5+ UNITS) • 14,532 SF
      5600 Floyd St, Overland Park, KS 66202-1248
      View Details

    Similar Nearby for Sale

    • $369,900
      0.25 Acres

      Duplex in Prime Location

      Duplex with potential for short-term rental income.
      5717 Floyd St, Mission, KS 66202
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    • $150,000

      Mission, KS Residential Lot

      Prime Mission location, build your dream home.
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    • $200,000

      Mission, KS Residential Lot

      Prime Mission location, 9,980 sq ft lot.
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    • $250,000

      Mission, KS Residential Lot

      Prime Mission location, build your dream home.
      6614 Florence St, Mission, KS 66202
      View Details
    • $1,750,000
      15,108 SF

      Mission, KS Retail Gem

      15,108 SF Retail Building - $1.75M
      4800 Lamar Ave, Mission, KS 66202
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    • $1,300,000
      19,307 SF

      Redevelopment Opportunity with Interim Cashflow

      Retail redevelopment opportunity with cashflow in Merriam, Kansas.
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      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      261,086 SF

      SUMMIT52: Overland Park Office Space

      Overland Park office, flexible suites, ample parking.
      5200 Metcalf Ave, Overland Park, KS 66202
      View Details
    • $20 SF/Yr
      2,531 SF

      Mission, KS Executive Office Suite

      900 SF Office Space Available - Lease Now
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      View Details
    • $12 SF/Yr
      20,023 SF

      Mission West: Medical Office Space

      Prime Medical Office Space Available in Mission, KS
      6500 Martway St, Mission, KS 66202
      View Details
    • Contact for pricing
      4,351 SF

      Prime Retail Space in Mission

      Retail space in the heart of Mission, Kansas.
      7000 Johnson Dr, Mission, KS 66202
      View Details
    • $21 SF/Yr
      824 SF

      Mission Office Space For Rent

      Office space in a 10-building, 400,000 square foot park.
      6405 Metcalf Ave, Mission, KS 66202
      View Details
    • Contact for pricing
      4,351 SF

      Mission Restaurant Space For Lease

      Prime Johnson Drive Retail Opportunity
      7002 Johnson Dr, Mission, KS 66202
      View Details
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    Mission, KS 66202-1408
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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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