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Property profile & analytics
FOR LEASE
Strip malls
7933 State Ave Kansas City, KS 66112
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US33-0614991
For Lease
1 / 2
$14 SF/Yr
7933 State Ave, Kansas City, KS 66112
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2008
Total area
8,400 SF
Lot
1.95 ac (84,986 SF)
APN
297302
UPID
US33-0614991
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
-
Comfort Dental State Avenue – Your Trusted Dentist in Kansas City Dental Office
-
Dr. Aaron Parkin Dental Office
-
Mardis Donald D DDS Dental Office
-
Vapor Maven (Bike/Boat/Book/etc) Store Alternative Medicine Practice
-
CoinFlip Bitcoin ATM Bank Business Banking Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$540k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$708k
Blend (final)
Blend
$625k
Owner & transaction history
Gold Properties LLC · 19 yrs held
Gold Properties LLC
since 2006
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$960,000
+85.5%
Retail stores
$815,000
+56.9%
Commercial (general)
$710,000
+37.3%
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
$540,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$520,000
Current use
AUTO REPAIR, GARAGE
$960,000
Change: +86% · Conversion: Difficult
RETAIL STORES
$815,000
Change: +57% · Conversion: Easy
COMMERCIAL (GENERAL)
$710,000
Change: +37% · Conversion: Easy
MEDICAL BUILDING
$585,000
Change: +13% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$575,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$625k
Range $563k – $688k · ±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
$74 / 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
$40,286
Tax year 2023
Assessed value
$244,993
Assessed 2023
Previous assessed
$255,826
-4.2% YoY
Effective rate
16.44%
On assessed value
Assessed land
$44,310
Assessed improvement
$200,683
Land market value
$177,240
Improvement market value
$802,730
Total market value
$979,970
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
For Lease
Year built
2008
Heating
YES
Cooling
YES
Buildings
12
Stories
1
Units
8
Total area
8,400 SF
Lot
1.95 ac (84,986 SF)
APN
297302
UPID
US33-0614991
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
$520,000
AUTO REPAIR, GARAGE
Est. value
$960,000
RETAIL STORES
Est. value
$815,000
COMMERCIAL (GENERAL)
Est. value
$710,000
MEDICAL BUILDING
Est. value
$585,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$575,000
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
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
2008
Heating
YES
Cooling
Yes
Stories
1
Buildings
12
Units
8
Lot
1.95 ac
Current owner
From public records · entity-resolved
Gold Properties LLC
Entity
Mailing address
10806 W 148TH ST, OVERLAND PARK, KS 66221-9615
Ownership since
2006
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
Nov 8, 2006
—
Gold Properties LLC
Optima LLC
Quit Claim Deed
related
—
Nov 4, 2005
—
Dorothy Harding
Dorothy Harding
Intrafamily Transfer
related
—
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?”
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