KCData Parcel Insights

The Kansas City real estate market presents fascinating dynamics, particularly when analyzing ownership and value distribution. A distinct trend is the concentration of property ownership among a few large entities, with KCMO - Public Works owning a substantial 40,402 parcels. This ownership pattern suggests a significant portion of the real estate is under public or institutional control, potentially limiting private investment opportunities but also providing stability and predictability in certain areas. The prevalence of nulls in property addresses, particularly for rights-of-way and ramps, highlights areas that might not be currently utilized for residential or commercial purposes, suggesting potential for future development or repurposing. Additionally, the assessed land values, which average $15,734.62, indicate a wide range of property values, offering everything from affordable entry points for new investors to high-value parcels for seasoned developers.

In ZIP code 64133, a closer look at the sample data reveals opportunities for value enhancement through property improvements. The improvement ratios, such as the notable 29.145775 for a property on E 46th Ter, underline the potential for increasing property values through strategic renovations. This area showcases a diverse ownership landscape, with individuals and small groups owning multiple parcels, suggesting a more fragmented market. These conditions might appeal to investors seeking to acquire and consolidate properties for redevelopment. Furthermore, the high number of distinct street names and the frequency of certain street types like "Ave" and "St" reflect a well-established neighborhood infrastructure, which could be attractive for residential developments or community projects. The combination of varying assessed land values and a robust improvement potential positions 64133 as an intriguing area for both small-scale investors and larger development initiatives.