Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,170,000
Strip malls
7700 Parallel Pkwy Kansas City, KS 66112-2035
Individually Owned
8-yr Hold
Free & Clear
Property ID
US33-0773940
Property summary
AI-generated overview
This exceptional retail opportunity is located at 7700 Parallel Parkway in Kansas City, Kansas, within the vibrant Parallel Parkway Shopping Center in Wyandotte County, zip code 66112. The property offers two available retail spaces, ideal for a variety of businesses. Each space boasts excellent visibility from Parallel Parkway, ensuring high foot traffic and brand recognition. The smaller space offers a minimum of 1,260 square feet, while the larger space provides a maximum of 2,590 contiguous square feet. This allows for flexibility in tenant needs, accommodating businesses of varying sizes. The center enjoys a strong anchor tenant, AutoZone, further enhancing the property's appeal and drawing in a consistent customer base. The property type is retail, specifically a strip center, with multiple tenancies. This prime location in Kansas City, Kansas offers a unique chance to establish or expand your business within a well-established and highly visible shopping center. The property is situated at 39.129103 latitude and -94.757893 longitude. Serious inquiries are encouraged to explore this exciting retail investment opportunity. Contact us to learn more about lease terms and availability.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1971
Total area
24,133 SF
Lot
1.99 ac (86,815 SF)
APN
12005
UPID
US33-0773940
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
-
Metro by T-Mobile Mobile Phone Store Electronics & Wireless Store
-
Appliance Repair Home Appliance Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$890k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.45M
Blend (final)
Blend
$1.17M
Owner & transaction history
Medeiros Family Land L P · 8 yrs held
Medeiros Family Land L P
since 2017
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.7M
+13.1%
Apartment house (5+ units)
$1.7M
+11.2%
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
$890,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,490,000
Current use
MEDICAL BUILDING
$1,680,000
Change: +13% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,655,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$1.17M
Range $1.05M – $1.29M · ±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
$48 / 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
$71,292
Tax year 2023
Assessed value
$433,550
Assessed 2023
Previous assessed
$433,501
+0.0% YoY
Effective rate
16.44%
On assessed value
Assessed land
$44,920
Assessed improvement
$388,630
Land market value
$179,680
Improvement market value
$1,554,520
Total market value
$1,734,200
Applied tax rate
10.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1971
Heating
NONE
Cooling
AC.PACKAGE
Buildings
6
Stories
1
Units
5
Total area
24,133 SF
Lot
1.99 ac (86,815 SF)
APN
12005
UPID
US33-0773940
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$1.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.7M
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1971
Heating
NONE
Cooling
Yes
Stories
1
Buildings
6
Units
5
Lot
1.99 ac
Current owner
From public records · entity-resolved
Medeiros Family Land L P
Individual
Free & Clear · 8 yrs held
Mailing address
15360 14TH AVE, HANFORD, CA 93230-9546
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 7, 2017
—
Medeiros Family Land L P
Canterbury Lancelot LLC
Special Warranty Deed
—
Jun 3, 2008
—
Canterbury Lancelot LLC
Kansas City II LLC
Special Warranty Deed
$1,200,000 · Us Bank NA
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 7700 Parallel Pkwy?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
