4604 Rainbow BlvdKansas City, KS 66103

Property Details for 4604 Rainbow Blvd

Year built

1970

Construction

FRAME

Lot size

0.31 AC

Property size (Sq ft)

2,485 SF

Property type

Car washes

APN

114278

APU

114278

Description

This exceptional investment opportunity presents a 2,482 square foot freestanding car wash building situated on a 0.36-acre lot at a prime location in Kansas City, Kansas. The property, located at 4604 Rainbow Boulevard, boasts a highly visible hard corner location at the intersection of 47th Avenue and Rainbow Boulevard, benefiting from significant daily traffic exceeding 17,000 vehicles. Built in 1970, the structure offers established infrastructure for a thriving car wash business. The property's size and location make it ideal for continued operation as a car wash or potential redevelopment, catering to the high volume of traffic in this busy commercial corridor. The 0.36-acre lot provides ample space for operations and potential expansion. This owner-user investment presents a rare chance to acquire a well-positioned retail property in a high-traffic area of Kansas City, KS, with significant potential for return on investment. The property is zoned for commercial use within Wyandotte County, and the zip code is 66103. This offering is a turnkey solution for an established business or a blank canvas for a savvy investor looking to capitalize on a high-traffic location. The property's history as a successful car wash provides a strong foundation for future success.

• CAP approach

  CAP return

  Valuation

  6%

  $684,738

  6.5%

  $632,066

  7%

  $586,918

• Comparable approach

  Method

  Valuation

  Relative Method

  $447,935

  Geo Method

  $447,935

• Alternative Use

  Use

  Valuation

  Residential

  $533,171

  Hospitality

  $488,382

  Educational

  $406,328

  Medical

  $420,302

  Retail

  $632,066

Location Insight

City

Kansas City

County

Wyandotte

State

Kansas

Latitude

39.0443

Longitude

-94.6123

CBSA code

28140

CBSA name

KANSAS CITY, MO-KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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