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    9033 State Rte 350 Raytown, MO 64133-5716

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    Property profile & analytics

    9033 State Rte 350 Raytown, MO 64133-5716

    View on Map
    • Strip malls
    • 12,300 SF
    • 2.76 lot acres
    Off-Market
    Property ID
    US48-0571958
    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
    $665,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Strip malls

    Property Details for 9033 State Rte 350

    Year built
    1960
    Construction
    WOOD
    Lot size
    2.76 lot acres
    Property size
    12,300 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    45-520-15-01
    APU
    455201501

    Description

    This exceptional investment opportunity presents Towne Center, a 37,482 square foot shopping center in Raytown, Missouri. Located at 9033 E State Rte 350, this multi-tenant property boasts a strong 7.15% capitalization rate based on a stable net operating income (NOI) of $296,554. The asking price is $4,150,000, translating to $110.72 per square foot. Built in 1975 and situated on a 2.76-acre lot, the center provides 134 parking spaces. Currently operating at 100% occupancy, Towne Center benefits from a compelling tenant mix, including significant national retailers such as Dollar General, Rent-A-Center, and Tires Plus. The average tenant tenure is an impressive 16 years, demonstrating exceptional tenant loyalty and stability. This property sits along a major thoroughfare (MO-350 Hwy) experiencing over 40,000 vehicles daily, ensuring high visibility and accessibility. The property is zoned for retail use and is a highly desirable investment due to its consistent performance and prime location in a robust suburban area just south of Kansas City. Please note that this offering excludes the adjacent inline center at 9025-9027 E MO-350 Hwy. This is a turnkey investment ready for immediate income generation.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $485,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $839,000
      Market price range: $316k - $839k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $600,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Raytown
    County
    Jackson
    State
    Missouri
    Longitude
    -94.4763
    Latitude
    38.9955
    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
    $70,308
    $305,632
    $366,368
    $672,000
    -
    $0.00
    $0.00
    $2,100,000

    Comparable in this City

    • Value Estimation by Request
      5,000 SF

      9915 63rd St

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    • Value Estimation by Request
      1,755 SF

      12004 47th St

      SHOPPING CENTER, STRIP CENTER • 1,755 SF
      12004 47th St, Kansas City, MO 64133-2039
      View Details
    • Value Estimation
      $2,810,000
      170,319 SF

      6216 Blue Rdg Blvd

      SHOPPING CENTER, STRIP CENTER • 170,319 SF
      6216 Blue Rdg Blvd, Kansas City, MO 64133
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    • Value Estimation by Request
      15,215 SF

      4011 Sterling Ave

      SHOPPING CENTER, STRIP CENTER • 15,215 SF
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      13,900 SF

      12019 47th St

      SHOPPING CENTER, STRIP CENTER • 13,900 SF
      12019 47th St, Kansas City, MO 64133-2517
      View Details
    • Value Estimation by Request
      10,760 SF

      6612 Blue Rdg Blvd

      SHOPPING CENTER, STRIP CENTER • 10,760 SF
      6612 Blue Rdg Blvd, Raytown, MO 64133-4847
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,246 SF

      Retail Space Near High-Volume HyVee

      Retail spaces available, anchored by HyVee with high traffic.
      9410 E State Route 350, Raytown, MO 64133
      View Details
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      175,982 SF

      Kansas City Retail Center For Sale

      Retail center in established residential area near major attractions.
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      5,031 SF

      Retail Building in Raytown Corridor

      5,031 SF retail building on 1.25 acres for sale.
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    • New
      $699,900
      10,127 SF

      Raytown Commercial Property with Income

      Two buildings on one parcel with income and value-add potential.
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      1,256 SF

      Versatile Commercial Property in Raytown

      Office and retail spaces available for sale or lease.
      9430 E State Route 350, Raytown, MO 64133
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    • $460,000
      0.14 Acres

      Iconic Raytown Corner Property

      Historic corner property with pharmacy, soda fountain, and diner.
      10004 E 63Rd St, Raytown, MO 64133
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    Similar Nearby for Lease

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      Blue Ridge Tower Flexible Space

      Affordable office, medical, or retail space in Kansas City metro.
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      Retail Space in Blue Vue

      Retail space available in Blue Vue neighborhood center.
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      3,600 SF

      Retail Space on 350 Highway

      Retail space with high visibility on 350 Highway.
      9598-9620 E State Route 350, Raytown, MO 64133
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      Multi-Tenant Industrial/Flex Building For Rent

      Multi-tenant industrial/flex building with warehouse and office space available.
      9620 E State Route 350, Raytown, MO 64133
      View Details
    • Contact for pricing
      1,200 SF

      Raytown Retail Space Available

      Retail space for lease in Raytown, Missouri.
      6600 Blue Ridge Blvd, Raytown, MO 64133
      View Details
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    9033 State Rte 350
    Raytown, MO 64133-5716
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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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