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    9402 Blue Ridge Blvd Kansas City, MO 64138
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    Property profile & analytics

    9402 Blue Ridge Blvd Kansas City, MO 64138

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    • Strip malls
    • 10,560 SF
    • 1.50 lot acres
    For Sale
    $565,000
    View Listing →
    Retail Shopping Center Investment Opportunity For Sale
    $565,000
    11,345 SF

    Retail Shopping Center Investment Opportunity

    Retail center for sale in Kansas City, Missouri.

    9402 Blue Ridge Blvd, Kansas City, MO 64138
    View Listing
    Property ID
    US48-0351601
    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

    • Strip malls

    Property Details for 9402 Blue Ridge Blvd

    Year built
    1970
    Construction
    WOOD
    Lot size
    1.50 lot acres
    Property size
    10,560 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    49-610-05-21
    APU
    496100521

    Description

    This 11,345 square foot retail shopping center, located at 9402 Blue Ridge Blvd, Kansas City, MO 64138, presents a compelling value-add opportunity. Situated on a 1.5-acre lot in Jackson County, this single-story, 1973-built property boasts 40 parking spaces and flexible B3-2 zoning. Currently vacant, the center offers four existing retail spaces with the potential to expand to six, generating additional income. The property features a pro-forma NOI of $100,000 and a pro-forma cap rate of 17.70%, representing a strong return on investment. The asking price is $565,000 ($49.80/sq ft), with owner financing available. This prime location benefits from high traffic visibility on Blue Ridge Blvd, 24/7 accessibility, and proximity to a population exceeding 39,000 with a median household income of $39,659. The property is located in an Opportunity Zone, qualifying for city incentives, and includes supplemental income from parking leased to an adjacent business. This presents a unique chance for redevelopment and expansion, capitalizing on the high-traffic location and flexible zoning.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Kansas City
    County
    Jackson
    State
    Missouri
    Longitude
    -94.5086
    Latitude
    38.954
    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
    $12,917
    $108,032
    $21,952
    $129,984
    -
    $0.00
    $0.00
    $406,200

    Comparable in this City

    • Value Estimation by Request
      14,100 SF

      7609 Raytown Rd Ste, Unit 101

      SHOPPING CENTER, STRIP CENTER • 14,100 SF
      7609 Raytown Rd Ste, Raytown, MO 64138-1876
      View Details
    • Value Estimation
      $795,000
      36,069 SF

      8708 Blue Rdg Blvd

      SHOPPING CENTER, STRIP CENTER • 36,069 SF
      8708 Blue Rdg Blvd, Raytown, MO 64138-4021
      View Details
    • Value Estimation by Request
      7,690 SF

      7534 Raytown Rd

      SHOPPING CENTER, STRIP CENTER • 7,690 SF
      7534 Raytown Rd, Raytown, MO 64138-1817
      View Details
    • Value Estimation by Request
      1,800 SF

      8781 Blue Rdg Blvd

      SHOPPING CENTER, STRIP CENTER • 1,800 SF
      8781 Blue Rdg Blvd, Raytown, MO 64138-4022
      View Details
    • Value Estimation by Request
      5,232 SF

      10215 State Rte 350th A Ste A

      SHOPPING CENTER, STRIP CENTER • 5,232 SF
      10215 State Rte 350th A Ste A, Raytown, MO 64138-1870
      View Details
    • Value Estimation by Request
      413 SF

      13101 State Rte 350

      SHOPPING CENTER, STRIP CENTER • 413 SF
      13101 State Rte 350, Kansas City, MO 64138-5500
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      11,345 SF

      Retail Shopping Center Investment Opportunity

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      9402 Blue Ridge Blvd, Kansas City, MO 64138
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      5,804 SF

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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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    • $450,000
      4.49 Acres

      Land with Cell Tower Income

      4.49 acres, R-80 zoning, cell tower income.
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    Similar Nearby for Lease

    • $10 SF/Yr
      2,000 SF

      Raytown Retail Space For Lease

      Retail space available in Raytown near Cerner Campus.
      8700 Blue Ridge Blvd, Raytown, MO 64138
      View Details
    • $10 SF/Yr

      Retail Space Near Cerner Campus

      Retail spaces available near major tenants and Cerner Innovations Campus.
      8700 Blue Ridge Blvd, Kansas City, MO 64138
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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.

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