KCData Parcel Insights

The Kansas City real estate market presents a fascinating tapestry of trends and opportunities, particularly highlighted by the data from ZIP code 64102. A prominent trend is the clustering of properties under a few major ownership groups, such as "Group Parking LLC" and "Fraternal Investors LLC," indicating a concentration of investment in specific areas. This clustering suggests potential for neighborhood revitalization and development, as these entities may have strategic plans for their parcels. The improvement ratios vary significantly across properties, with some parcels exhibiting high improvement ratios, suggesting ongoing or potential redevelopment projects. The presence of several parcels with minimal or no improvements also points to opportunities for investors looking to capitalize on underdeveloped land.

The location-based opportunities within 64102 are underscored by the variety of street names and property addresses, indicating diverse settings ranging from commercial zones on Genessee Street to residential areas on West Bluff Drive. The significant presence of properties with non-null assessed land values, such as the 1300 W 12th St owned by "Group Parking LLC," indicates a thriving market with parcels poised for value addition. The ZIP code's proximity to major highways like I-670 further enhances its attractiveness for commercial developments, offering easy access and visibility. Additionally, the area's historical character and proximity to downtown Kansas City present unique opportunities for projects that blend modern amenities with historic preservation, catering to both residential and commercial demands in a dynamic urban environment.