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    8551 Pr Vw Rd Kansas City, MO 64153-1844

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    8551 Pr Vw Rd Kansas City, MO 64153-1844

    View on Map
    • Retail space
    • 23,340 SF
    • 1.89 lot acres
    Off-Market
    Last Sale Oct 13, 2023
    $4,200,000
    Property ID
    US48-3033821
    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.
    Value Estimations
    $3,990,000
    Show details
    Cap Rate Potential
    4.5%
    Retail space
    Location Intelligence

    Current Use by Public Records

    • Michaels / (Bike/Boat/Book/etc) Store
    • UPS Access Point location / Courier Service / Postal Service
    • Michaels Custom Framing / (Bike/Boat/Book/etc) Store / Home Decor Store
    • Big Brothers Big Sisters Donation Bin / Charitable Organization

    Property Details for 8551 Pr Vw Rd

    Year built
    2005
    Lot size
    1.89 lot acres
    Property size
    23,340 SF
    Property type
    Retail space
    APN
    20-1.0-12-100-004-005-000
    APU
    201012100004005000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,855,000
      ML approach
      $4,500,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,660,000
      6.5%
      $3,375,000
      7%
      $3,135,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,536,000
      Market price range: $1.87M - $4.89M
      AI Estimate
      $3,245,000
      Market price range: $1.41M - $4.98M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $3,310,000
      Current use
      WAREHOUSE, STORAGE
      $3,010,000
      Change: -9% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Kansas City
    County
    Platte
    State
    Missouri
    Longitude
    -94.6606
    Latitude
    39.2503
    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
    $51,109
    $320,000
    $288,000
    $608,000
    -
    $1,000,000
    $900,000
    $1,900,000

    Comparable in this City

    • Value Estimation
      $24,375,000
      209,399 SF

      7350 87th Ter

      RETAIL STORES (PERSONAL SERVICES) • 209,399 SF
      7350 87th Ter, Kansas City, MO 64153-3714
      View Details
    • Value Estimation
      $2,550,000
      13,488 SF

      8421 Pr Vw Rd

      RETAIL STORES (PERSONAL SERVICES) • 13,488 SF
      8421 Pr Vw Rd, Kansas City, MO 64153-1842
      View Details
    • Value Estimation
      $20,585,000
      108,829 SF

      7006 Barry Rd

      RETAIL STORES (PERSONAL SERVICES) • 108,829 SF
      7006 Barry Rd, Weatherby Lake, MO 64153-1718
      View Details
    • Value Estimation
      $1,085,000
      7,970 SF

      Kansas City, MO 64153

      RETAIL STORES (PERSONAL SERVICES) • 7,970 SF
      Kansas City, MO 64153
      View Details
    • Value Estimation
      $990,000
      6,016 SF

      8431 Pr Vw Rd

      RETAIL STORES (PERSONAL SERVICES) • 6,016 SF
      8431 Pr Vw Rd, Kansas City, MO 64153-1842
      View Details
    • Value Estimation
      $2,510,000
      2,232 SF

      11530 Pr Vw Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,232 SF
      11530 Pr Vw Rd, Kansas City, MO 64153-1124
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      12,941 SF

      Kansas City Retail Investment Opportunity

      Freestanding retail property with corporate-backed lease in Kansas City.
      8421 NW Prairie View Rd, Kansas City, MO 64153
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      Prime Development Land For Sale

      Development land in growing Kansas City metro area.
      152 Highway, Kansas City, MO 64153
      View Details
    • $430,000
      0.24 Acres

      Kansas City Duplex Opportunity

      Duplex in Kansas City near businesses and highways.
      3508/3510 NW 95Th St, Kansas City, MO 64153
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      40,212 SF

      Kansas City Industrial Property

      Industrial property available for sale in Kansas City, Missouri.
      10708 N Pomona Ave, Kansas City, MO 64153
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      Unique Office Building For Sale

      One-of-a-kind office building with 465 square feet available for purchase.
      11500 NW Ambassador Dr, Kansas City, MO 64153
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    Similar Nearby for Lease

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      1,650 SF

      Retail Space Near Zona Rosa

      3,250 SF retail space with high visibility available for lease.
      7101-7121 NW Barry Rd, Kansas City, MO 64153
      View Details
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      Prime Retail/Office Space Available

      Premier location near I-29 and KCI Airport.
      10004-10020 NW Ambassador Dr, Kansas City, MO 64153
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      Prime Retail/Office Space I-29

      Premier office and retail spaces in a bustling, accessible location.
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      View Details
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      16,689 SF

      Move-in Ready Furnished Office Space

      Furnished office space available for sublease near KCI Airport.
      10828 NW Airworld Dr, Kansas City, MO 64153
      View Details
    • Contact for pricing
      5,000 SF

      Warehouse with Outside Storage

      5,000 SF warehouse with outside storage and dock doors.
      992-1044 Mexico City Ave, Kansas City, MO 64153
      View Details
    • $45,000

      Industrial Parking Lot For Lease

      Industrial parking lot for lease in Kansas City, Missouri.
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      View Details
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    Kansas City, MO 64153-1844
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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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