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    902 Emanuel Cleaver Ii Blvd, Unit 1W Kansas City, MO 64110-1659
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    Property profile & analytics

    902 Emanuel Cleaver Ii Blvd, Unit 1W Kansas City, MO 64110-1659

    View on Map
    • Garden apartment buildings
    • 6,407 SF
    • 0.45 lot acres
    Off-Market
    Property ID
    US48-0034352
    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
    $1,065,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • 902 Emanuel Cleaver II Blvd Parking / Parking Lot & Garage
    • Plaza 36 / Apartment Building

    Property Details for 902 Emanuel Cleaver Ii Blvd

    Year built
    1951
    Construction
    WOOD
    Lot size
    0.45 lot acres
    Property size
    6,407 SF
    Property type
    Garden apartment buildings
    APN
    30-510-23-03
    APU
    305102303

    Description

    Plaza 36, a fully renovated 36-unit apartment building in Kansas City, Missouri, presents a compelling investment opportunity. Located at 902 Emanuel Cleaver II Blvd, zip code 64110, this two-building, two-story complex boasts 28,150 square feet and offers 36 spacious two-bedroom, one-bathroom units. Each unit features custom cabinetry, granite countertops, stainless steel appliances, and hardwood floors. Complete renovations in 2024 included new mechanical systems, ensuring long-term operational efficiency. In-unit washers and dryers enhance tenant convenience. The property includes on-site parking. Its prime location offers easy access to the Country Club Plaza, the upcoming streetcar line (completion in 2025), the Nelson-Atkins Museum of Art, KU Medical Center, and Children's Mercy Hospital. Proximity to major employers like American Century, H&R Block, and Russell Stover Chocolate further strengthens its appeal. An assumable loan with a 4.95% interest rate and a $2.2 million balance is available (restrictions apply

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,145,000
      6.5%
      $1,060,000
      7%
      $985,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,076,000
      Market price range: $757k - $1.08M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $915,000
      Current use
      AUTO REPAIR, GARAGE
      $940,000
      Change: +3% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $925,000
      Change: +1% Conversion: Moderate
      RETAIL STORES
      $920,000
      Change: +1% Conversion: Difficult
      RESTAURANT
      $845,000
      Change: -8% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Kansas City
    County
    Jackson
    State
    Missouri
    Longitude
    -94.5747
    Latitude
    39.042
    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
    $14,919
    $63,669
    $127,167
    $190,836
    -
    $0.00
    $0.00
    $1,004,400

    Comparable in this City

    • Value Estimation
      $530,000
      3,168 SF

      4901 Troost Ave

      GARDEN APT, COURT APT (5+ UNITS) • 3,168 SF
      4901 Troost Ave, Kansas City, MO 64110-2255
      View Details
    • Value Estimation
      $710,000
      4,272 SF

      3909 Kenwood Ave, Unit 1

      GARDEN APT, COURT APT (5+ UNITS) • 4,272 SF
      3909 Kenwood Ave, Kansas City, MO 64110-1069
      View Details
    • Value Estimation
      $630,000
      3,788 SF

      1501 Citadel Dr

      GARDEN APT, COURT APT (5+ UNITS) • 3,788 SF
      1501 Citadel Dr, Kansas City, MO 64110-3631
      View Details
    • Value Estimation by Request
      2,520 SF

      Kansas City, MO 64110

      GARDEN APT, COURT APT (5+ UNITS) • 2,520 SF
      Kansas City, MO 64110
      View Details
    • Value Estimation
      $1,035,000
      6,216 SF

      1514 46th St

      GARDEN APT, COURT APT (5+ UNITS) • 6,216 SF
      1514 46th St, Kansas City, MO 64110-1910
      View Details
    • Value Estimation
      $1,330,000
      7,980 SF

      1303 Dr Martin Luther King Jr Blvd

      GARDEN APT, COURT APT (5+ UNITS) • 7,980 SF
      1303 Dr Martin Luther King Jr Blvd, Kansas City, MO 64110-2145
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,994 SF

      Hyde Park Multifamily Renovation Opportunity

      Value-add 6-unit multifamily property in Kansas City's Hyde Park.
      4200 Harrison St, Kansas City, MO 64110
      View Details
    • $705,000
      0.16 Acres

      Southmoreland Six-Unit Apartment Building

      Charming six-unit apartment building in historic Southmoreland neighborhood.
      4226 Locust St, Kansas City, MO 64110
      View Details
    • Contact for pricing
      931 SF

      Turnkey Multifamily Investment Property

      Multifamily property near The Country Club Plaza with long-term tenants.
      4515 Virginia Ave, Kansas City, MO 64110
      View Details
    • New
      $450,000
      1,147 SF

      Modern Condominiums Near Plaza

      Newly constructed condominiums near Plaza, UMKC, and Westport area.
      4527 Forest Ave, Kansas City, MO 64110
      View Details
    • $590,000
      0.14 Acres

      Turnkey Multifamily Investment Property

      Multifamily investment property near Country Club Plaza in Kansas City.
      4515 Virginia Ave, Kansas City, MO 64110
      View Details
    • New
      $225,000

      Charming Duplex with Garage

      Renovated 3-bedroom duplex near Plaza and Westport.
      4241 Paseo Blvd, Kansas City, MO 64110
      View Details
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    Kansas City, MO 64110-1659
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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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