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Property profile & analytics
OFF-MARKET
Estimated value
$1,590,000
Automotive properties
7301 State Ave Kansas City, KS 66112-3004
Entity Owned
11-yr Hold
Free & Clear
Property ID
US33-0681129
Property summary
AI-generated overview
This exceptional commercial property, located at 7301 State Ave in Kansas City, Kansas, presents a significant investment opportunity. The 16,100-square-foot building sits on approximately 10.07 acres of land, offering ample space for a variety of uses. The property features a spacious layout, including approximately 5,000 square feet of air-conditioned office space and 11,100 square feet of warehouse space. Seven drive-in doors provide convenient access for loading and unloading. The property also boasts extensive outdoor storage, ideal for inventory, equipment, or expansion. Built in 1978 and renovated in 2015, including a newer roof, this well-maintained building is in excellent condition. The property benefits from a heavy power supply and is zoned CP-2 (Planned General Business District), allowing for a range of commercial operations. The asking price is $3,300,000, translating to $204.97 per square foot. This is a rare opportunity to acquire a substantial, versatile property in a desirable Kansas City location, just north of I-70 on State Avenue, with significant potential for growth and profitability. The property is currently vacant and ready for immediate occupancy.
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1978
Construction
FRAME
Total area
16,100 SF
Lot
10.07 ac (438,475 SF)
APN
223601
UPID
US33-0681129
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
-
Oakes Buick GMC Service Center Auto Repair Shop Vehicle Inspection Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.59M
Owner & transaction history
Pete Franklin Real Estate LLC · 11 yrs held
Pete Franklin Real Estate LLC
since 2015
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.4M
+28.7%
Office building
$2.0M
+9.0%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,840,000
Current use
RESTAURANT
$2,370,000
Change: +29% · Conversion: Difficult
OFFICE BUILDING
$2,005,000
Change: +9% · Conversion: Difficult
RETAIL STORES
$1,555,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$1.59M
Range $1.43M – $1.75M · ±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
$99 / 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
$66,672
Tax year 2023
Assessed value
$390,980
Assessed 2023
Previous assessed
$318,813
+22.6% YoY
Effective rate
17.05%
On assessed value
Assessed land
$98,485
Assessed improvement
$292,495
Land market value
$393,940
Improvement market value
$1,169,980
Total market value
$1,563,920
Applied tax rate
30.0000
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1978
Construction
FRAME
Heating
NONE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
16,100 SF
Lot
10.07 ac (438,475 SF)
APN
223601
UPID
US33-0681129
Jurisdiction
WYANDOTTE
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
AUTO REPAIR, GARAGE Current
Est. value
$1.8M
RESTAURANT
Est. value
$2.4M
OFFICE BUILDING
Est. value
$2.0M
RETAIL STORES
Est. value
$1.6M
AUTO REPAIR, GARAGE Current
RESTAURANT
OFFICE BUILDING
RETAIL STORES
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
1978
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
10.07 ac
Current owner
From public records · entity-resolved
Pete Franklin Real Estate LLC
Entity
Free & Clear · 11 yrs held
Mailing address
7301 STATE AVE, KANSAS CITY, KS 66112-3004
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 13, 2015
$375,000
Pete Franklin Real Estate LLC
Kansas City Community College
Warranty Deed
—
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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