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    Property profile & analytics

    8015 State Line Rd Kansas City, MO 64114-2016

    • Strip malls
    • 14,014 SF
    • 1.13 lot acres
    OFF-MARKET
    Value Estimations
    $540,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US48-3338691
    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

    • Subway / Sandwich Shop / Caterer
    • Kansas City Postcard Mural / Tourist Attraction

    Property Details for 8015 State Line Rd

    Year built
    2002
    Construction
    WOOD
    Lot size
    1.13 lot acres
    Property size
    14,014 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    47-930-03-07
    APU
    479300307

    Description

    This exceptional retail opportunity presents 13,710 square feet of prime commercial space situated at 8015-8129 State Line Road in Kansas City, Missouri, within Jackson County. The property, known as RAE's Block Shopping Center, is a multi-tenant convenience/strip center offering a versatile layout ideal for a variety of retail businesses. Currently, there is 1,620 square feet of readily available space for lease, perfect for expansion or a new venture. The entire building encompasses 13,710 square feet, situated on a lot of equal size. The property's strategic location in the 64114 zip code provides excellent visibility and accessibility, ensuring high foot traffic and convenient access for customers. This is a fantastic chance to establish or grow your business in a thriving Kansas City neighborhood. The property's existing infrastructure and convenient layout make it an attractive option for businesses seeking a move-in ready space. The available space offers ample room for customization to suit individual business needs. Don't miss this opportunity to secure a prime retail location in a high-demand area. Contact us today to schedule a viewing and explore the possibilities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $450,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $631,000
      Market price range: $377k - $700k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $515,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Kansas City
    County
    Jackson
    State
    Missouri
    Longitude
    -94.6076
    Latitude
    38.9823
    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
    $71,596
    $406,560
    $367,040
    $773,600
    -
    $0.00
    $0.00
    $2,417,500

    Comparable in this City

    • Value Estimation
      $630,000
      31,855 SF

      10111 State Line Rd

      SHOPPING CENTER, STRIP CENTER • 31,855 SF
      10111 State Line Rd, Kansas City, MO 64114-4262
      View Details
    • Value Estimation
      $255,000
      4,140 SF

      8043 Wornall Rd

      SHOPPING CENTER, STRIP CENTER • 4,140 SF
      8043 Wornall Rd, Kansas City, MO 64114-5819
      View Details
    • Value Estimation
      $530,000
      13,200 SF

      8404 Wornall Rd

      SHOPPING CENTER, STRIP CENTER • 13,200 SF
      8404 Wornall Rd, Kansas City, MO 64114-5812
      View Details
    • Value Estimation
      $1,135,000
      113,544 SF

      8509 State Line Rd

      SHOPPING CENTER, STRIP CENTER • 113,544 SF
      8509 State Line Rd, Kansas City, MO 64114-2723
      View Details
    • Value Estimation
      $525,000
      13,400 SF

      7960 Wornall Rd

      SHOPPING CENTER, STRIP CENTER • 13,400 SF
      7960 Wornall Rd, Kansas City, MO 64114-5802
      View Details
    • Value Estimation
      $475,000
      15,244 SF

      10143 Wornall Rd

      SHOPPING CENTER, STRIP CENTER • 15,244 SF
      10143 Wornall Rd, Kansas City, MO 64114-4461
      View Details

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      4,000 SF

      8680 State Line Rd

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      65,400 SF

      Medical Office Building For Sale

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      Retail Building in Developing Area

      Retail building in Kansas City's Waldo area with growth potential.
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    Similar Nearby for Lease

    • Contact for pricing
      3,575 SF

      Retail Space Near Price Chopper

      Renovated retail space with high visibility and easy access.
      10111 State Line Rd, Kansas City, MO 64114
      View Details
    • Contact for pricing
      2,720 SF

      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
      1,200 SF

      Established Neighborhood Shopping Center Space

      Retail space in a historically fully occupied shopping center.
      9550-9558 N Mcgee St, Kansas City, MO 64114
      View Details
    • Contact for pricing
      792 SF

      Retail Space Near Trader Joe's

      Retail space available in vibrant Kansas City shopping center.
      8600 Ward Pkwy, Kansas City, MO 64114
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      3,586 SF

      State Line Rd Retail Space

      Prime KCMO retail space, 3586 sq ft.
      10123 State Line Rd, Kansas City, MO 64114
      View Details
    • Contact for pricing
      12,367 SF

      Retail Space for Lease

      Retail spaces available with on-site parking and established co-tenants.
      453 E Red Bridge Rd, Kansas City, MO 64114
      View Details
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    Kansas City, MO 64114-2016
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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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