8040 Parallel PkwyKansas City, KS 66112

Property Details for 8040 Parallel Pkwy

Year built

1973

Lot size

2.24 AC

Property size (Sq ft)

2,160 SF

Property type

Office buildings

APN

256600

APU

256600

Description

8040 Office Park, located at 8040 Parallel Pkwy, Kansas City, KS 66112, offers a diverse range of office spaces within a four-building complex. This traditional office property, situated near 81st Street in Wyandotte County, boasts a total of 14,040 square feet across ten suites. The property features a minimum divisible space of 200 square feet and a maximum contiguous space of 2,160 square feet, currently offering 2,160 square feet of vacant space. Built in 1972 and renovated in 2020, the two-story Class C building sits on a 1.459-acre lot and provides a 4.62 parking ratio. The property is zoned C-O and is ideally suited for professional services businesses. The landlord is open to investing in tenant build-outs for qualified tenants and lease terms. Current tenants include a diverse mix of businesses, creating a vibrant and established community. This location offers excellent access and visibility.

• CAP approach

  CAP return

  Valuation

  6%

  $404,888

  6.5%

  $373,742

  7%

  $347,046

• Comparable approach

  Method

  Valuation

  Relative Method

  $154,505

  Geo Method

  $154,505

• Alternative Use

  Use

  Valuation

  Residential

  $463,441

  Hospitality

  $424,509

  Educational

  $353,187

  Medical

  $365,333

  Retail

  $549,401

Location Insight

City

Kansas City

County

Wyandotte

State

Kansas

Latitude

39.129

Longitude

-94.7657

CBSA code

28140

CBSA name

KANSAS CITY, MO-KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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