Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    940 Scott Ave Belton, MO 64012-1739

    • Retail space
    • 5,000 SF
    • 1.60 lot acres
    OFF-MARKET
    Value Estimations
    $360,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US48-1145445
    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

    • Retail space

    Property Details for 940 Scott Ave

    Year built
    1992
    Construction
    STEEL FRAME
    Lot size
    1.60 lot acres
    Property size
    5,000 SF
    Property type
    Retail space
    APN
    05-01-02-400-003-004.002
    APU
    50102400003004002

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $365,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $356,000
      Market price range: $195k - $511k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $360,000
      Current use
      COMMERCIAL (GENERAL)
      $570,000
      Change: +58% Conversion: Easy
      RESTAURANT
      $560,000
      Change: +56% Conversion: Easy
      AUTO REPAIR, GARAGE
      $480,000
      Change: +33% Conversion: Difficult
      MEDICAL BUILDING
      $410,000
      Change: +14% Conversion: Difficult
      WAREHOUSE, STORAGE
      $350,000
      Change: -3% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Belton
    County
    Cass
    State
    Missouri
    Longitude
    -94.5345
    Latitude
    38.8308
    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
    $7,750
    $33,470
    $54,960
    $88,430
    -
    $104,580
    $171,740
    $276,320

    Comparable in this City

    • Value Estimation
      $505,000
      10,556 SF

      302 En Ave

      RETAIL STORES (PERSONAL SERVICES) • 10,556 SF
      302 En Ave, Belton, MO 64012-2015
      View Details
    • Value Estimation
      $265,000
      1,364 SF

      420 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,364 SF
      420 Main St, Belton, MO 64012-2512
      View Details
    • Value Estimation
      $550,000
      15,350 SF

      127 Wilbur Parish Cir

      RETAIL STORES (PERSONAL SERVICES) • 15,350 SF
      127 Wilbur Parish Cir, Belton, MO 64012-1756
      View Details
    • Value Estimation
      $1,040,000
      126,730 SF

      1106 En Ave

      RETAIL STORES (PERSONAL SERVICES) • 126,730 SF
      1106 En Ave, Belton, MO 64012-5104
      View Details
    • Value Estimation
      $480,000
      5,261 SF

      8026 171st St

      RETAIL STORES (PERSONAL SERVICES) • 5,261 SF
      8026 171st St, Belton, MO 64012-5340
      View Details
    • Value Estimation
      $485,000
      10,000 SF

      105 Chestnut St

      RETAIL STORES (PERSONAL SERVICES) • 10,000 SF
      105 Chestnut St, Belton, MO 64012-2053
      View Details

    Similar Nearby for Sale

    • $700,000
      4,800 SF

      Leased Retail/Flex Property For Sale

      Leased retail/flex property with rear lot storage and parking.
      500 N Scott Ave, Belton, MO 64012
      View Details
    • $600,000
      2,656 SF

      Freestanding Commercial Building For Sale

      2,656 SF commercial building with ample parking.
      444 N Scott Ave, Belton, MO 64012
      View Details
    • $5,447,500
      10,908 SF

      Prime Belton CVS Pharmacy Investment

      High-yield CVS, absolute NNN lease, strong sales.
      409 North Ave, Belton, MO 64012
      View Details
    • $7,000,000
      29,034 SF

      Prime Belton Retail Center

      High-traffic retail space, $7M asking.
      800 Quiktrip Way, Belton, MO 64012
      View Details
    • $7,000,000
      26,485 SF

      Retail Center in South Kansas

      26,427 SF shopping center in high-traffic retail area.
      908 E North Ave, Belton, MO 64012
      View Details
    • Contact for pricing
      9,530 SF

      Industrial and Retail Portfolio

      Two-building portfolio with industrial and retail spaces on 0.89 acres.
      103 N Scott Ave, Belton, MO 64012
      View Details

    Similar Nearby for Lease

    • $17 SF/Yr
      89,130 SF

      Cedar Tree Shopping Center Investment

      Belton, MO Retail Center - 6 Spaces Available
      100-172 Cedar Tree Sq, Belton, MO 64012
      View Details
    • Contact for pricing
      540 SF

      Retail Space with Highway Visibility

      Retail spaces available for lease with high traffic volume.
      1729-1833 E North Ave, Belton, MO 64012
      View Details
    • Contact for pricing
      20,844 SF

      Retail Space in Belton, MO

      Retail space available on a major retail corridor near Kansas City.
      1135-1157 E North Ave, Belton, MO 64012
      View Details
    • $10 SF/Yr
      15,120 SF

      Belton Retail Space - 15,120 SF

      Prime Belton retail space, high traffic corner.
      1400 North Ave, Belton, MO 64012
      View Details
    • $13 SF/Yr
      4,775 SF

      Belton Retail Space For Lease

      1,027 SF Office/Retail in High-Traffic Area
      8446 Clint Dr, Belton, MO 64012
      View Details
    • $13 SF/Yr
      1,325 SF

      Belton Office Space Available

      Office space available for lease in Belton, Missouri.
      918 N Scott Ave, Belton, MO 64012
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    940 Scott Ave
    Belton, MO 64012-1739
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.