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

    7344 Troost Ave Kansas City, MO 64131-1746

    • Retail space
    • 2,690 SF
    • 0.44 lot acres
    OFF-MARKET
    Value Estimations
    $350,000
    Show details
    Cap Rate Potential
    7.2%
    Retail space
    Location Intelligence
    Property ID
    US48-0872945
    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

    • J R Mini Mart / Convenience Store

    Property Details for 7344 Troost Ave

    Year built
    1958
    Construction
    WOOD
    Lot size
    0.44 lot acres
    Property size
    2,690 SF
    Property type
    Retail space
    APN
    47-540-16-13
    APU
    475401613

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $350,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $420,000
      6.5%
      $390,000
      7%
      $360,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $308,000
      Market price range: $157k - $606k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $390,000
      Current use
      AUTO REPAIR, GARAGE
      $480,000
      Change: +23% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Kansas City
    County
    Jackson
    State
    Missouri
    Longitude
    -94.576
    Latitude
    38.9937
    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
    $3,742
    $33,184
    $5,632
    $38,816
    -
    $0.00
    $0.00
    $121,300

    Comparable in this City

    • Value Estimation
      $340,000
      560 SF

      8325 Troost Ave

      RETAIL STORES (PERSONAL SERVICES) • 560 SF
      8325 Troost Ave, Kansas City, MO 64131-2237
      View Details
    • Value Estimation
      $345,000
      676 SF

      8040 Paseo Blvd

      RETAIL STORES (PERSONAL SERVICES) • 676 SF
      8040 Paseo Blvd, Kansas City, MO 64131-2322
      View Details
    • Value Estimation
      $145,000
      528 SF

      8111 Paseo Blvd

      RETAIL STORES (PERSONAL SERVICES) • 528 SF
      8111 Paseo Blvd, Kansas City, MO 64131-2325
      View Details
    • Value Estimation by Request
      143,171 SF

      Red Brg Shopping Ctr

      Neighborhood centers • 143,171 SF
      0 Red Brg Shopping Ctr, Kansas City, MO 64131
      View Details
    • Value Estimation
      $360,000
      2,400 SF

      720 85th St

      RETAIL STORES (PERSONAL SERVICES) • 2,400 SF
      720 85th St, Kansas City, MO 64131-2703
      View Details
    • Value Estimation
      $410,000
      10,206 SF

      8640 Holmes Rd

      RETAIL STORES (PERSONAL SERVICES) • 10,206 SF
      8640 Holmes Rd, Kansas City, MO 64131-2875
      View Details

    Similar Nearby for Sale

    • $220,000
      635 SF

      Retail Property in Kansas City

      Storefront property ideal for small businesses in Kansas City.
      8325 Troost Ave, Kansas City, MO 64131
      View Details
    • $450,000
      0.14 Acres

      Commercial Building on Troost Avenue

      Highly visible commercial building with flexible space and ample parking.
      7201 Troost Ave, Kansas City, MO 64131
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    • $750,000

      Waldo Pavilion Commercial Property

      Mid-century commercial property in Kansas City's Waldo neighborhood.
      7530 Troost Ave, Kansas City, MO 64131
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    • Contact for pricing

      QSR Pad Site with Drive-Thru

      2,295 SF QSR building on 0.64 acre lot.
      11290 Holmes Rd, Kansas City, MO 64131
      View Details
    • Contact for pricing
      31,600 SF

      Historic Church in Kansas City

      31,600 SF church on 1.45 acres for sale.
      7203 Paseo Blvd, Kansas City, MO 64131
      View Details
    • $475,000
      0.29 Acres

      Kansas City Fourplex Investment Opportunity

      Four-unit multifamily property in Kansas City, fully leased.
      8030 Campbell St, Kansas City, MO 64131
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,400 SF

      Retail Space in Kansas City

      Retail space available in a shopping center anchored by Price Chopper.
      1146-1168 W 103Rd St, Kansas City, MO 64131
      View Details
    • Contact for pricing
      127,424 SF

      Landing Shopping Center: Prime Retail Space

      Kansas City retail center, multiple spaces available.
      6301-6319 Troost Ave, Kansas City, MO 64131
      View Details
    • $12 SF/Yr
      2,500 SF

      Retail Space in Shopping Center

      Retail space available in a well-located Kansas City shopping center.
      611 E 99Th St, Kansas City, MO 64131
      View Details
    • $12 SF/Yr
      2,500 SF

      Retail Space in Shopping Center

      Retail space available in a well-located Kansas City shopping center.
      9910-9932 Holmes Rd, Kansas City, MO 64131
      View Details
    • $12 SF/Yr
      11,300 SF

      Prime Retail Space, E. 99th St

      Multi-tenant center; 800-10,500 SF available.
      534-618 99Th St, Kansas City, MO 64131
      View Details
    • $52 SF/Yr
      14,140 SF

      South KC Office Space Solutions

      Flexible Offices, Coworking, & More
      800 101St Ter, Kansas City, MO 64131
      View Details
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    Kansas City, MO 64131-1746
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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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