Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    831 55th St Kansas City, KS 66106-1307

    • Sports & entertainment properties
    • 23,420 SF
    • 3.76 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US33-1057378
    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

    • Turner Boxing Academy / Boxing Gym
    • Turner Recreation Commission / Boxing Gym / Children'S Camp
    • Kansas City, Kansas Public Library Turner Community Library / Public Library
    • Turner Unified School District / School District Office / Public Educational Institution
    • Picture This Photobooth / Photo Booth

    Property Details for 831 55th St

    Year built
    1937
    Lot size
    3.76 lot acres
    Property size
    23,420 SF
    Property type
    Sports & entertainment properties
    APN
    918525
    APU
    918525

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Kansas City
    County
    Wyandotte
    State
    Kansas
    Longitude
    -94.7045
    Latitude
    39.0829
    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
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $116,640
    $860,430
    $977,070

    Comparable in this City

    • Value Estimation by Request
      0.35 Acres

      3112 36Th St

      Specialty properties • 0.35 Acres
      3112 36Th St, Kansas City, KS 66106
      View Details
    • Value Estimation
      $1,055,000
      30,583 SF

      7120 Gibbs Rd

      RECREATIONAL, ENTERTAINMENT • 30,583 SF
      7120 Gibbs Rd, Kansas City, KS 66106-5146
      View Details
    • Value Estimation by Request
      600 SF

      5142 Swartz Rd

      ARENA, CONVENTION CENTER • 600 SF
      5142 Swartz Rd, Kansas City, KS 66106
      View Details
    • Value Estimation by Request
      720 SF

      4900 Shawnee Dr

      ARENA, CONVENTION CENTER • 720 SF
      4900 Shawnee Dr, Kansas City, KS 66106
      View Details
    • Value Estimation by Request
      1,424 SF

      2821 Quivira Ln

      DRIVING RANGE (GOLF) • 1,424 SF
      2821 Quivira Ln, Kansas City, KS 66106
      View Details
    • Value Estimation by Request
      396 SF

      2811 Quivira Ln

      GOLF COURSE • 396 SF
      2811 Quivira Ln, Kansas City, KS 66106
      View Details

    Similar Nearby for Sale

    • $2,250,000
      40,000 SF

      Kansas City Warehouse For Sale

      40,000 SF warehouse with heavy power and ample parking.
      1510 S 42Nd St, Kansas City, KS 66106
      View Details
    • Contact for pricing

      18.5 Acres Development Land Available

      18.5 acres of land near downtown Kansas City.
      1810 S 45Th St, Kansas City, KS 66106
      View Details
    • Contact for pricing
      7,977 SF

      Industrial Space Available for Sale

      Industrial spaces with office and dock-high doors, available for sale.
      3050 South 44Th St, Kansas City, KS 66106
      View Details
    • $299,950
      0.08 Acres

      Leased Commercial Property on Strong

      Fully leased commercial property with restaurant and salon tenants.
      3124 Strong Ave, Kansas City, KS 66106
      View Details
    • $2,300,000
      19,320 SF

      Turnkey 22-Unit Apartment Building

      Cash-flowing 22-unit apartment building with recent renovations in Kansas City.
      1302 South 32Nd St, Kansas City, KS 66106
      View Details
    • Contact for pricing

      Commercial Land in Argentine Neighborhood

      Land suitable for banks, restaurants, and automotive businesses.
      2230 Metropolitan Ave, Kansas City, KS 66106
      View Details

    Similar Nearby for Lease

    • $2,500 /Mo

      Industrial Land for Lease

      4+/- acre fenced storage yard with heavy industrial zoning.
      5401 Speaker Rd, Kansas City, KS 66106
      View Details
    • Contact for pricing
      800 SF

      Retail Spaces Available for Lease

      Retail spaces available in a highly visible Kansas City location.
      2817 S 47Th St, Kansas City, KS 66106
      View Details
    • Contact for pricing

      Land For Rent Kansas

      Land available for rent in Kansas City, Kansas.
      3601 Fairbanks Ave, Kansas City, KS 66106
      View Details
    • $3 SF/Yr
      191,740 SF

      Kansas City Industrial Space Available

      Industrial property available for rent in Kansas City, Kansas.
      5300 Kansas Ave, Kansas City, KS 66106
      View Details
    • $15 SF/Yr
      1,350 SF

      Strong Avenue Commercial Space

      Prime Retail/Office, High Traffic Area
      3412 Strong Ave, Kansas City, KS 66106
      View Details
    • Contact for pricing
      674,646 SF

      Kansas City Warehouse - 382,000 SF Available

      Large Kansas City warehouse, multiple tenants possible.
      5101-5203 Speaker Rd, Kansas City, KS 66106
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    831 55th St
    Kansas City, KS 66106-1307
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.