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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    8501 Boardwalk Ave Kansas City, MO 64154-2547

    • Automotive properties
    • 58,932 SF
    • 11.63 lot acres
    OFF-MARKET
    Value Estimations
    $5,055,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US48-0517408
    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

    • OEM Ford Parts Direct / Auto Parts Store
    • Thoroughbred Ford / Ford Dealer / Auto Repair Shop
    • Thoroughbred Ford Parts / Auto Parts Store
    • Body Shop & Collision Center / Auto Body Shop
    • Service Department - Thoroughbred Ford / Auto Repair Shop

    Property Details for 8501 Boardwalk Ave

    Year built
    1997
    Lot size
    11.63 lot acres
    Property size
    58,932 SF
    Property type
    Automotive properties
    APN
    19-3.0-07-200-000-012-000
    APU
    193007200000012000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $8,015,000
      Current use
      RESTAURANT
      $7,770,000
      Change: -3% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $7,140,000
      Change: -11% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $6,495,000
      Change: -19% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Kansas City
    County
    Platte
    State
    Missouri
    Longitude
    -94.6551
    Latitude
    39.2489
    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
    $168,411
    $1,088,384
    $915,059
    $2,003,443
    -
    $3,401,200
    $2,859,558
    $6,260,758

    Comparable in this City

    • Value Estimation
      $1,170,000
      27,510 SF

      6401 Barry Rd

      VEHICLE SALES, RENTALS • 27,510 SF
      6401 Barry Rd, Kansas City, MO 64154-2536
      View Details
    • Value Estimation by Request
      2,093 SF

      8440 Boardwalk Ave

      GAS STATION • 2,093 SF
      8440 Boardwalk Ave, Kansas City, MO 64154-2542
      View Details
    • Value Estimation
      $1,350,000
      10,007 SF

      8751 Ambassador Dr

      CAR WASH • 10,007 SF
      8751 Ambassador Dr, Kansas City, MO 64154-2540
      View Details
    • Value Estimation
      $8,740,000
      80,426 SF

      8970 Skyview Ave, Unit 8980

      RETAIL STORES (PERSONAL SERVICES) • 80,426 SF
      8970 Skyview Ave, Kansas City, MO 64154-8502
      View Details
    • Value Estimation
      $725,000
      4,975 SF

      6501 Barry Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,975 SF
      6501 Barry Rd, Kansas City, MO 64154-2575
      View Details
    • Value Estimation by Request
      7,662 SF

      5901 Barry Rd

      SHOPPING CENTER, STRIP CENTER • 7,662 SF
      5901 Barry Rd, Kansas City, MO 64154-2526
      View Details

    Similar Nearby for Sale

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      Prime KC Retail Land Opportunity

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      1.02 Acres

      Prime Retail Pad - Kansas City, MO

      High-traffic location, pad-ready retail space.
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    • $5,500,000
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      Northland Multi-Family Land Opportunity

      Prime 29.53-acre residential land in KCMO.
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    • $350,000

      Barry Rd & Green Hills Plaza Land

      Prime Commercial Land, High Traffic Area
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    • $65,000

      80.5 Acres Development Opportunity

      80.5 acres near I-435, suitable for future development.
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    • Contact for pricing
      1.02 Acres

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      Prime Downtown Location, Single Tenant, Utilities Included
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    Similar Nearby for Lease

    • $30 SF/Yr
      5,500 SF

      Restaurant Space in Barry Road

      Former restaurant space with infrastructure in place and high visibility.
      6141-6151 NW Barry Rd, Kansas City, MO 64154
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      1,000 SF

      Retail Space Near St. Luke's

      Retail space with ample parking and easy highway access.
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      5,000 SF

      Prime KC Executive Office Space

      5,000 SF Customizable Office Suite
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    • Contact for pricing
      20,944 SF

      Barry Plaza Shoppes Retail Space

      Kansas City, MO retail/office space available.
      8560 Green Hills Rd, Kansas City, MO 64154
      View Details
    • $25 SF/Yr
      4,096 SF

      Retail Space on NW Barry

      4,096 SF in-line retail space for lease.
      6001-6005 NW Barry Rd, Kansas City, MO 64154
      View Details
    • $24 SF/Yr
      122,397 SF

      Shops at Boardwalk: Prime Retail Space

      Kansas City retail center, multiple spaces available.
      8628 Boardwalk Ave, Kansas City, MO 64154
      View Details
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    Kansas City, MO 64154-2547
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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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