745 State Ave Kansas City, KS 66101
Property profile & analytics
745 State Ave, Kansas City, KS 66101
- Office buildings
- 58,305 SF
- 1.01 lot acres
Property ID
US33-0467438
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.
Location Intelligence
Current Use by Public Records
- Office buildings
Property Details for 745 State Ave
- Year built
- 1911
- Lot size
- 1.01 lot acres
- Property size
- 58,305 SF
- Property type
- Office buildings
- APN
- 87610
- APU
- 87610
Description
This offering presents a unique opportunity to acquire a non-performing loan secured by a substantial office property in Kansas City, Kansas. The loan boasts a $5,300,000 unpaid principal balance (UPB) and a $7,799,390 full payoff amount, representing a significant discount. The underlying collateral is a two-building, Class B office complex, known as the New Brotherhood Building. The property comprises 160,716 square feet across nine stories, situated on a 43,996 square foot lot. Construction dates span 1911 and 1949, with the original building featuring five stories and the attached building adding nine more. The property includes 186 parking spaces and 40 individual units/suites. Currently vacant, the property is zoned C-D; Central Business District, offering redevelopment potential for office, multifamily, or mixed-use purposes. The property features 5 elevators and unique historical elements including custom-made boilers and a large water tank. The fee simple ownership and first mortgage lien position make this a compelling distressed asset acquisition. The property's address is 745 State Ave, Kansas City, KS 66101, and the APN is 105-062-10-0-20-03-007.00-0 and 105-062-09-0-10-01-022.00-0 and 105-062-10-0-20-03-005.00-0. This is an exceptional opportunity for investors seeking a value-add play in a prime Kansas City location. The property is expected to be vacant until September 20, 2024.
Value Estimations
based on Realmo’s proprietary methodology
-
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $3,250,000 Current use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Kansas City
- County
- Wyandotte
- State
- Kansas
- Longitude
- -94.6292
- Latitude
- 39.1161
- 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
$120,706
$14,953
$674,223
$689,176
-
$59,810
$2,696,890
$2,756,700
