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

    7428 Wornall Rd Kansas City, MO 64114-1527

    • Retail space
    • 8,950 SF
    • 0.23 lot acres
    OFF-MARKET
    Last Sale
    Feb 03, 2023
    Value Estimations
    $910,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US48-0722643
    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

    • Test Smartly Labs of Kansas City / Drug Testing Service / Paternity Testing Service

    Property Details for 7428 Wornall Rd

    Year built
    1920
    Construction
    WOOD
    Lot size
    0.23 lot acres
    Property size
    8,950 SF
    Property type
    Retail space
    APN
    47-440-34-07
    APU
    474403407

    Description

    This single-story, 10,000 square foot commercial building in Kansas City, Missouri offers a prime opportunity for businesses seeking office space. Located at 7430-7432 Wornall Rd, zip code 64114, in Jackson County, this property features a flexible layout with a minimum divisible space of 2,100 square feet and a maximum contiguous space of 7,200 square feet currently available for lease or owner-occupancy. The building is zoned B4-5 and currently houses two suites, with one suite already occupied. The 7,200 square feet of vacant space presents a unique chance to establish a significant presence in a thriving area. The property benefits from substantial recent city improvements, including a newly reconstructed roadway, the extension of the Trolley Track Trail, enhanced traffic flow and pedestrian accommodations, parking lot modifications at 75th and Wornall Road, new interconnected traffic signals, green infrastructure improvements as part of the KCMO Smart Sewer Program, new sidewalks, new LED streetlights, and a water main replacement along Wornall Road. This strategic location offers excellent visibility and accessibility, making it an ideal choice for businesses seeking a modern and well-connected space within a revitalized neighborhood.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $926,000
      Market price range: $539k - $1.64M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,020,000
      Current use
      AUTO REPAIR, GARAGE
      $1,185,000
      Change: +16% Conversion: Difficult
      RESTAURANT
      $1,020,000
      Change: -0% Conversion: Easy
      COMMERCIAL (GENERAL)
      $985,000
      Change: -3% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Kansas City
    County
    Jackson
    State
    Missouri
    Longitude
    -94.5946
    Latitude
    38.9928
    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
    $27,591
    $97,824
    $198,464
    $296,288
    -
    $0.00
    $0.00
    $925,900

    Comparable in this City

    • Value Estimation by Request
      3,663 SF

      306 78th Ter

      RETAIL STORES (PERSONAL SERVICES) • 3,663 SF
      306 78th Ter, Kansas City, MO 64114-1835
      View Details
    • Value Estimation
      $560,000
      11,700 SF

      217 Gregory Blvd

      RETAIL STORES (PERSONAL SERVICES) • 11,700 SF
      217 Gregory Blvd, Kansas City, MO 64114-1121
      View Details
    • Value Estimation by Request
      3,630 SF

      8131 Wornall Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,630 SF
      8131 Wornall Rd, Kansas City, MO 64114-5815
      View Details
    • Value Estimation by Request
      1,176 SF

      208 79th St

      RETAIL STORES (PERSONAL SERVICES) • 1,176 SF
      208 79th St, Kansas City, MO 64114-1841
      View Details
    • Value Estimation
      $665,000
      4,347 SF

      1 Gregory Blvd

      RETAIL STORES (PERSONAL SERVICES) • 4,347 SF
      1 Gregory Blvd, Kansas City, MO 64114-1117
      View Details
    • Value Estimation by Request
      1,650 SF

      111 Gregory Blvd

      RETAIL STORES (PERSONAL SERVICES) • 1,650 SF
      111 Gregory Blvd, Kansas City, MO 64114-1119
      View Details

    Similar Nearby for Sale

    • $2,405,000

      Prime Kansas City Storefront

      High-traffic retail investment opportunity. Strong tenant, long lease.
      8026 Wornall Rd, Kansas City, MO 64114
      View Details
    • $1,400,000
      Pending

      Retail Building in Developing Area

      Retail building in Kansas City's Waldo area with growth potential.
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      Prime Kansas City Office Building, High Visibility
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      4,000 SF

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      65,400 SF

      Medical Office Building For Sale

      35,400 SF medical office building with spaces available.
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    Similar Nearby for Lease

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      12,367 SF

      Retail Space for Lease

      Retail spaces available with on-site parking and established co-tenants.
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      Renovated retail space with high visibility and easy access.
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      Retail Space Near Trader Joe's

      Retail space available in vibrant Kansas City shopping center.
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    • Contact for pricing
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      Retail Space in Waldo Corridor

      In-line retail spaces with great access and strong visibility.
      7960-7970 Wornall Rd, Kansas City, MO 64114
      View Details
    • Contact for pricing
      2,975 SF

      Retail Space in Brookside/Waldo

      2,975 SF retail building in prime infill location.
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      View Details
    • $2,300 /Mo
      2,017 SF

      Waldo Retail Space For Lease

      2,017 SF retail space in Waldo area available for lease.
      7418-7420 Wornall Rd, Kansas City, MO 64114
      View Details
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    7428 Wornall Rd
    Kansas City, MO 64114-1527
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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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