The Kansas City real estate market presents a compelling landscape for investors and developers, characterized by notable trends and ownership patterns. A significant portion of property ownership is concentrated among public entities and large organizations, including KCMO Public Works and MoDOT, which collectively manage tens of thousands of parcels. This concentration suggests a substantial portion of the land is dedicated to public infrastructure or awaiting redevelopment, providing opportunities for strategic partnerships or acquisitions. The high number of distinct parcel owners reflects a diverse investment landscape, with potential for collaboration or competition among stakeholders. Additionally, ZIP codes such as 64106 and 64130 show high owner concentration, indicating areas with potentially active real estate markets ripe for development or investment.
In the 64118 ZIP code, there are intriguing opportunities and value patterns. The improvement ratios for properties in this area vary significantly, often exceeding 5, suggesting that properties here have substantial improvements relative to their land values. This could reflect a well-established residential area with homes that have been maintained or upgraded over time. The assessed land values, while generally modest, still exhibit a range of values that could appeal to different segments of buyers and investors. With a mix of private owners and LLCs, like Gralanco Investment LLC, the area shows signs of diverse ownership, which could facilitate varied investment strategies from residential developments to rental properties. Streets like Mercier and Hickory show clusters of ownership, hinting at potential neighborhood development or revitalization projects. For investors looking at location-based opportunities, 64118 offers a stable yet dynamic environment with the potential for growth and profit.
Some details are blurred. Upgrade now to unlock full data, sorting, downloads, and more!
No parcels found for this ZIP code.