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    903 E 104Th St Kansas City, MO 64131
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    Property profile & analytics

    903 E 104Th St Kansas City, MO 64131

    View on Map
    • Office buildings
    • 20,489 SF
    • 4.41 lot acres
    For Lease
    $4,035,000
    View Listing →
    Office Sublease in Kansas City For Lease
    $4,035,000
    19,492 SF

    Office Sublease in Kansas City

    19,492 sq ft office sublease available through 9/30/2030.

    903 E 104th St, Kansas City, MO
    View Listing
    Property ID
    US48-0935853
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Andrew B Kaufman, MD / Physician
    • StructSure Projects / Construction Company / General Contractor
    • Robert S. Thedinger Attorney at Law / Law Firm
    • Homes from the Heart / Charitable Organization / Social Service Agency
    • UNIFIED BRANDS - POWER SOAK SYSTEMS DIV / Department Store

    Property Details for 903 E 104Th St

    Year built
    1989
    Construction
    STEEL FRAME
    Lot size
    4.41 lot acres
    Property size
    20,489 SF
    Property type
    Office buildings
    APN
    48-730-01-09
    APU
    487300109

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,145,000
      6.5%
      $4,750,000
      7%
      $4,410,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $3,320,000
      Market price range: $697k - $3.32M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $3,645,000
      RETAIL STORES
      $2,970,000
      RESTAURANT
      $2,700,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Kansas City
    County
    Jackson
    State
    Missouri
    Longitude
    -94.5779
    Latitude
    38.9389
    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
    $388,895
    $1,092,000
    $3,228,000
    $4,320,000
    -
    $0.00
    $0.00
    $13,500,000

    Comparable in this City

    • Value Estimation by Request
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      6,080 SF

      600 103rd St

      OFFICE BUILDING • 6,080 SF
      600 103rd St, Kansas City, MO 64131-4342
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    • Value Estimation
      $645,000
      17,800 SF

      2000 Red Brg Rd

      OFFICE BUILDING • 17,800 SF
      2000 Red Brg Rd, Kansas City, MO 64131-3610
      View Details
    • Value Estimation by Request
      2,275 SF

      1310 104th St

      OFFICE BUILDING • 2,275 SF
      1310 104th St, Kansas City, MO 64131-4504
      View Details
    • Value Estimation by Request
      9.39 Acres

      9600 Blue Riv Rda

      OFFICE BUILDING • 9.39 Acres
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    • Value Estimation by Request
      1,080 SF

      8433 Paseo Blvd

      OFFICE BUILDING • 1,080 SF
      8433 Paseo Blvd, Kansas City, MO 64131-2674
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    Similar Nearby for Sale

    • Contact for pricing
      5,000 SF

      Class A Office Space

      5,000 SF office space with easy highway access.
      1441 E 104Th St, Kansas City, MO 64131
      View Details
    • New
      $209,900
      0.10 Acres

      Turnkey Duplex Investment Opportunity

      Well-maintained duplex with updated units in a prime location.
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    • $35,000
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      Large Lot in Ideal Location

      Vacant land parcel for redevelopment in Kansas City.
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    • $85,000
      1.87 Acres

      Land on Troost Avenue Corridor

      1.87 acres approved for 48-unit multifamily development.
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    • $40,000
      0.83 Acres

      Kansas City Land Parcel

      Vacant land parcel in Kansas City's 85th Street corridor.
      409 E 85Th St, Kansas City, MO 64131
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    • Contact for pricing
      635 SF

      Retail Property in Kansas City

      Storefront property ideal for small businesses in Kansas City.
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    Similar Nearby for Lease

    • Contact for pricing

      Brookside East Office Space Available

      Office spaces for lease in professional building near Brookside.
      6301 Rockhill Rd, Kansas City, MO 64131
      View Details
    • $21 SF/Yr

      Office Space in South Kansas

      Office building with interstate visibility and renovated parking garage.
      1300 E 104 Ct, Kansas City, MO 64131
      View Details
    • Contact for pricing
      19,492 SF

      Office Sublease in Kansas City

      19,492 sq ft office sublease available through 9/30/2030.
      903 E 104Th St, Kansas City, MO 64131
      View Details
    • Contact for pricing
      1,210 SF

      Office Space Available For Rent

      Office space available for lease, totaling 1,210 square feet.
      406 E Bannister Rd, Kansas City, MO 64131
      View Details
    • $17 SF/Yr
      3,017 SF

      Kansas City Office Space Available

      3,017 square feet of office space for lease.
      1001 East 101St Ter, Kansas City, MO 64131
      View Details
    • Contact for pricing

      Commercial Space For Lease

      Commercial space available for lease in Kansas City, MO.
      534-618 E 99Th St, Kansas City, MO 64131
      View Details
    View Listing
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    Kansas City, MO 64131
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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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