KCData Parcel Insights

In the Kansas City real estate market, a few key trends stand out, reflecting both historical patterns and emerging opportunities. The data reveals a significant concentration of property ownership by public entities and large organizations, such as KCMO - Public Works and the Land Bank of Kansas City Missouri, which collectively hold a substantial portion of the parcels. This indicates a prevalent focus on public infrastructure and urban development, suggesting potential opportunities for investors interested in partnering on public-private projects or acquiring surplus properties for redevelopment. The top ZIP codes with the highest parcel ownership, including 64106 and 64130, hint at districts with dense urban frameworks and possibly ripe for revitalization projects. Additionally, the wide variance in assessed land values across the city, with a standard deviation much larger than the average, highlights pockets of underutilized land that could be leveraged for significant returns on investment.

Focusing on ZIP code 64164, there's a diverse range of property valuations and improvement ratios, pointing to a mix of established residential zones and undeveloped parcels. The presence of several properties with low land values and high improvement ratios, such as those owned by individual trusts and LLCs, suggests a trend towards enhancing existing structures rather than ground-up developments. This area shows potential for strategic enhancements and renovations, particularly for those properties with zero improvement ratios, indicating raw land or underdeveloped assets. With street names like "Skyview" and "Cookingham" frequently appearing, there seems to be an emphasis on properties with potential scenic views or proximity to major thoroughfares, which could be attractive for residential projects targeting higher-income buyers. The balance between developed and undeveloped parcels makes 64164 a strategic location for investors looking to tap into both the residential market and potential commercial developments, leveraging its connectivity and existing infrastructure.