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

    7201 16th St Kansas City, MO 64126-2805

    • Warehouses
    • 12,000 SF
    • 0.84 lot acres
    OFF-MARKET
    Last Sale
    Jun 15, 2023
    Value Estimations
    $305,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US48-0169461
    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

    • Recycled Surfaces LLC / Countertop Store
    • Tough Stuff / Material Handling Equipment Supplier

    Property Details for 7201 16th St

    Year built
    1954
    Construction
    WOOD
    Lot size
    0.84 lot acres
    Property size
    12,000 SF
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    28-140-30-02
    APU
    281403002

    Description

    This exceptional single-tenant, net-lease industrial warehouse property in Kansas City, Missouri, presents a compelling investment opportunity. Located at 7201 E 16th St, 64126, this 11,993-square-foot building sits on a 0.92-acre lot. The property boasts a 15-foot clear ceiling height and a clear span design, maximizing usable space. Loading is facilitated by two 8' x 10' dock-high doors and one 16' x 12' drive-in door. The warehouse benefits from robust electrical service, including 3-phase 400 Amps/480V power with a power converter. Recently renovated in 2023, this property is zoned M1-5 and is offered at $865,000, translating to a price per square foot of $72.13. The single-tenant, net-lease structure provides a predictable and stable income stream. This is a rare opportunity to acquire a well-maintained, strategically located industrial asset in a thriving market. The property's features and location make it ideal for a variety of industrial uses. The asking price reflects the property's strong fundamentals and potential for long-term appreciation.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $305,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $303,000
      Market price range: $228k - $1.21M

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

    Location Insight

    • Map
    • Local Demand
    City
    Kansas City
    County
    Jackson
    State
    Missouri
    Longitude
    -94.4985
    Latitude
    39.0919
    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
    $6,995
    $23,392
    $52,192
    $75,584
    -
    $0.00
    $0.00
    $236,200

    Comparable in this City

    • Value Estimation
      $255,000
      1,584 SF

      8615 19th Ter

      MINI-WAREHOUSE, STORAGE • 1,584 SF
      8615 19th Ter, Kansas City, MO 64126
      View Details
    • Value Estimation
      $260,000
      324 SF

      7501 17th St

      MINI-WAREHOUSE, STORAGE • 324 SF
      7501 17th St, Kansas City, MO 64126
      View Details
    • Value Estimation
      $450,000
      928 SF

      9006 22nd Ter

      MINI-WAREHOUSE, STORAGE • 928 SF
      9006 22nd Ter, Kansas City, MO 64126-8600
      View Details
    • Value Estimation
      $350,000
      5,508 SF

      1601 Crystal Ave

      MINI-WAREHOUSE, STORAGE • 5,508 SF
      1601 Crystal Ave, Kansas City, MO 64126-2824
      View Details
    • Value Estimation
      $250,000
      7,830 SF

      1513 Eastern Ave

      MINI-WAREHOUSE, STORAGE • 7,830 SF
      1513 Eastern Ave, Kansas City, MO 64126-2826
      View Details
    • Value Estimation
      $335,000
      10,614 SF

      2206 Television Pl

      MINI-WAREHOUSE, STORAGE • 10,614 SF
      2206 Television Pl, Kansas City, MO 64126
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      635,000 SF

      Industrial Property with Redevelopment Potential

      Industrial property in Kansas City with outside storage and heavy power.
      2100 Manchester Trfy, Kansas City, MO 64126
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    • $2,200,000
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      Versatile Industrial Building in Kansas

      49,118 SF industrial building with excellent highway access.
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    • $2,477,775
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      Kansas City Industrial Warehouse

      Prime Location, Flexible Space, Owner/User Opportunity
      1641 Crystal Ave, Kansas City, MO 64126
      View Details
    • $775,000
      1.22 Acres

      Industrial Building with Fenced Yard

      Move-in-ready warehouse/shop with outdoor storage in established industrial corridor.
      7900 E 17Th St, Kansas City, MO 64126
      View Details
    • Contact for pricing

      Kansas City Residential Land Parcel

      Prime residential lot, ideal for building.
      6837 13Th St, Kansas City, MO 64126
      View Details
    • $655,578

      4.30 Acre Land Parcel

      4.30 acre land parcel with excellent highway access.
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    Similar Nearby for Lease

    • $13 SF/Yr
      16,140 SF

      Prime Kansas City Industrial Warehouse

      16,140 SF Warehouse - High Visibility
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      View Details
    • $4 SF/Yr
      50,000 SF

      Kansas City Industrial Warehouse Space

      50,000 SF Warehouse, Flexible Lease Terms
      1025 Winchester Ave, Kansas City, MO 64126
      View Details
    • $5 SF/Yr
      32,578 SF

      Kansas City Warehouse Space Available

      Industrial warehouse space available for lease in Kansas City.
      1530-1540 N Topping Ave, Kansas City, MO 64126
      View Details
    • $7 SF/Yr
      3,210 SF

      Industrial Warehouse Space Available

      3,210 SF warehouse space for rent in Kansas City.
      1566 N Topping Ave, Kansas City, MO 64126
      View Details
    • $5 SF/Yr
      36,660 SF

      Kansas City Warehouse Space Available

      36,660 SF warehouse space for lease in Kansas City.
      1651-1689 N Topping Ave, Kansas City, MO 64126
      View Details
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    Kansas City, MO 64126-2805
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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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