430 Blue Ridge BlvdKansas City, MO 64145

Property Details for 430 Blue Ridge Blvd

Year built

1975

Construction

WOOD

Lot size

1.05 AC

Property size (Sq ft)

3,492 SF

Property type

Office buildings

APN

65-840-05-13

APU

658400513

Description

This exceptional 7,000-square-foot office building, situated at 430 E Blue Ridge Blvd in Kansas City, Missouri (zip code 64145), presents a unique investment opportunity. The property, built in 1975 and renovated in 1998, is a single-story structure offering a blend of traditional and medical office space. Currently, 3,500 square feet are available for lease, representing a significant portion of the total building space. The building boasts "many" parking spaces, a considerable advantage in this area. Its convenient location near the intersection of Blue Ridge Blvd and Wornall Rd provides easy access to Leawood, Kansas, just two minutes away. The space was previously occupied by an educational facility specializing in learning disabilities, which vacated after a 30-year tenancy. The available space is on the first floor and is ready for occupancy on October 1, 2024. An additional 1,000 square feet is available for an additional $490 per month. Please note that the existing tenants should not be disturbed. This property is perfect for a variety of uses, including traditional office space, medical practices, or other professional services. The building's history and location combine to create a compelling opportunity for a new tenant seeking a well-established and conveniently located space.

• CAP approach

  CAP return

  Valuation

  6%

  $684,297

  6.5%

  $631,658

  7%

  $586,540

• Comparable approach

  Method

  Valuation

  Relative Method

  $249,783

  Geo Method

  $249,783

• Alternative Use

  Use

  Valuation

  Residential

  $783,256

  Hospitality

  $717,459

  Educational

  $596,917

  Medical

  $617,446

  Retail

  $928,538

Location Insight

City

Kansas City

County

Jackson

State

Missouri

Latitude

38.8903

Longitude

-94.5891

CBSA code

28140

CBSA name

KANSAS CITY, MO-KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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