KCData Parcel Insights

The Kansas City real estate market presents a fascinating tableau of ownership patterns and value discrepancies, with unique opportunities and challenges. A significant trend is the concentration of ownership among public entities, with the City of Kansas City and its various departments, such as Public Works and Parks, owning thousands of parcels. This public ownership is particularly evident in ZIP code 64138, where land values and improvement ratios vary significantly. The presence of numerous parcels with low assessed land values and high improvement ratios suggests that there are opportunities for redevelopment and value addition, especially in properties owned by private individuals and smaller entities. This disparity in property values highlights potential investment opportunities in underdeveloped areas, where strategic improvements could yield substantial returns.

In ZIP code 64138, the data reveals a diverse ownership landscape, with many individual owners managing single or small clusters of parcels. Streets like Blue Ridge Blvd and James A Reed Rd are home to properties with varied improvement ratios, indicating a mix of well-maintained homes and those requiring significant upgrades. The presence of numerous parcels with high improvement ratios and low assessed land values suggests latent potential for investors willing to invest in renovations. Additionally, the area's strategic location and access to major roads like Bannister Rd and Hillcrest Rd make it an attractive target for redevelopment projects. For savvy investors, this ZIP code offers a unique opportunity to capitalize on properties with untapped potential, driven by a market with diverse ownership and a range of property conditions.