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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Kansas City, MO 64153

    • Strip malls
    • 10,359 SF
    • 1.09 lot acres
    OFF-MARKET
    Last Sale
    Aug 22, 2022
    $1,520,000
    Value Estimations
    $1,625,000
    Show details
    Cap Rate Potential
    7.8%
    Strip malls
    Location Intelligence
    Property ID
    US48-2723282
    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

    • Strip malls

    Property Details

    Year built
    1985
    Lot size
    1.09 lot acres
    Property size
    10,359 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    17-7.0-36-000-006-006-001
    APU
    177036000006006001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,545,000
      ML approach
      $1,635,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,005,000
      6.5%
      $1,850,000
      7%
      $1,720,000

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $1,410,000
      RESTAURANT
      $1,365,000
      RETAIL STORES
      $1,350,000
      APARTMENT HOUSE (5+ UNITS)
      $1,255,000
      COMMERCIAL (GENERAL)
      $1,140,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Kansas City
    County
    Platte
    State
    Missouri
    Longitude
    -94.6698
    Latitude
    39.2755
    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
    $14,441
    $72,086
    $99,706
    $171,792
    -
    $225,269
    $311,580
    $536,849

    Comparable in this City

    • Value Estimation
      $375,000
      12,101 SF

      Kansas City, MO 64153

      SHOPPING CENTER, STRIP CENTER • 12,101 SF
      Kansas City, MO 64153
      View Details
    • Value Estimation
      $475,000
      11,570 SF

      7101 Barry Rd

      SHOPPING CENTER, STRIP CENTER • 11,570 SF
      7101 Barry Rd, Kansas City, MO 64153-1719
      View Details
    • Value Estimation
      $265,000
      4,320 SF

      10002 Ambassador Dr

      SHOPPING CENTER, STRIP CENTER • 4,320 SF
      10002 Ambassador Dr, Kansas City, MO 64153-1362
      View Details
    • Value Estimation by Request
      35,656 SF

      10004-10020 Ambassador Dr

      Office Properties & Spaces • 35,656 SF
      10004-10020 Ambassador Dr, Kansas City, MO 64153
      View Details
    • Value Estimation
      $1,340,000
      108,829 SF

      7006 Barry Rd

      RETAIL STORES (PERSONAL SERVICES) • 108,829 SF
      7006 Barry Rd, Weatherby Lake, MO 64153-1718
      View Details
    • Value Estimation
      $665,000
      241,950 SF

      11155 Airworld Dr

      FINANCIAL BUILDING • 241,950 SF
      11155 Airworld Dr, Kansas City, MO 64153-1174
      View Details

    Similar Nearby for Sale

    • $4,651,530
      12,941 SF

      Kansas City Retail Investment Opportunity

      Freestanding retail property with corporate-backed lease in Kansas City.
      8421 NW Prairie View Rd, Kansas City, MO 64153
      View Details
    • $1,089,080
      2.50 Acres

      Congress Ave Land: Prime Location

      2.5 Acres, M2-3 Zoning, Near MCI Airport
      9486 Congress Ave, Kansas City, MO 64153
      View Details
    • Contact for pricing
      465 SF

      Unique Office Building For Sale

      One-of-a-kind office building with 465 square feet available for purchase.
      11500 NW Ambassador Dr, Kansas City, MO 64153
      View Details
    • $4,222,260
      40,212 SF

      Kansas City Industrial Property

      Industrial property available for sale in Kansas City, Missouri.
      10708 N Pomona Ave, Kansas City, MO 64153
      View Details
    • Contact for pricing

      Prime Development Land For Sale

      Development land in growing Kansas City metro area.
      152 Highway, Kansas City, MO 64153
      View Details
    • Contact for pricing
      8.20 Acres

      Barry West Commons: Prime Retail Land

      8.2 Acres, Retail Development Opportunity, Kansas City, MO
      & Conant Sec Barry Rd, Kansas City, MO 64153
      View Details

    Similar Nearby for Lease

    • $13 SF/Yr
      35,656 SF

      Tiffany Landing: Prime Office Space

      Kansas City Office Suites: I-29 Corridor
      10004-10020 Ambassador Dr, Kansas City, MO 64153
      View Details
    • $10 SF/Yr
      109,000 SF

      Prairie View Road Retail Space

      KCI Industrial area, flexible suites available
      10040 Prairie View Rd, Kansas City, MO 64153
      View Details
    • $30 SF/Yr
      1,650 SF

      Retail Space Near Zona Rosa

      3,250 SF retail space with high visibility available for lease.
      7101-7121 NW Barry Rd, Kansas City, MO 64153
      View Details
    • $15 SF/Yr
      14,725 SF

      Kansas City Office Space Available

      Office space available for lease in Kansas City, MO.
      11125 N Ambassador Dr, Kansas City, MO 64153
      View Details
    • $7 SF/Yr
      50,457 SF

      Kansas City Warehouse Space Available

      50,457 square foot warehouse space for lease.
      11651 N Ambassador Dr, Kansas City, MO 64153
      View Details
    • Contact for pricing
      18,675 SF

      Flex, Industrial, Warehouse Space Available

      Two-building complex offering office, flex, and warehouse spaces for rent.
      8400-8412 NW 107Th Ter, Kansas City, MO 64153
      View Details
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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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