Freestanding Storefront
For Sale
$200,000
4200 E 35th Street, Kansas City, MO 64128
COMMERCIAL - Kansas City, MO
Property Size1,600 SF
Lot Size0.13 Acres
Price / SF$125
Days on Market85
Property Features for 4200 E 35th Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
B1-1
Parking features
Assigned
Directions
From I-70, take Exit 6 to Van Brunt Blvd. Go South on Emmanuel Cleaver II Blvd to E 35th St. Turn right on E 35th St and continue for 0.5 miles, the property will be on your right at the corner of E 35th St. and Jackson Ave.
Subdivision
202 - Kansas City Area (So. of River)
Standard status
Active
APN
28-830-23-14-00-0-00-000
Lot size
0.13 Acres
Taxes and HOA fees
Tax Description
KNOCHE PARK ANNEX LOT 211
Tax Annual Amount
3241
Legal Description
KNOCHE PARK ANNEX LOT 211
Utilities
Utilities
Water Available
Building Details
Year built
1926
Floors in Building
1
Listing Agency:
Realty ONE Group Esteem
(816) 222-4595
Listed By:
Brian Dieffenbach
(913) 424-7782
Added: May 29
Changed: Aug 19
Last Checked: Aug 21 at 2:06AM
MLS# 2622984
Copyright © 2026 Heartland Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This freestanding, single-story storefront property at 4200 E 35th Street has historically operated as a restaurant and offers a compact commercial layout. The building was constructed in 1926 and is designated B1-1. Its configuration is identified for retail, restaurant, carryout, and neighborhood service uses, subject to applicable requirements.
The property sits along E. 35th Street in Kansas City, Missouri, with direct street exposure and access to surrounding residential areas. Assigned parking is provided, and water is available at the property. The standalone format supports continued restaurant use or adaptation for another neighborhood-oriented commercial operation.
The property sits along E. 35th Street in Kansas City, Missouri, with direct street exposure and access to surrounding residential areas. Assigned parking is provided, and water is available at the property. The standalone format supports continued restaurant use or adaptation for another neighborhood-oriented commercial operation.
Key Highlights
- Freestanding, single‑story storefront building
- B1‑1 zoning designation
- Approximately 0.1274 acres
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,049
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.52%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$300,980
$301.0K
Cap Rate 7%
$214,986
$215.0K
Cap Rate 9%
$167,211
$167.2K
Market Conditions
NOI Build-Up for 1,600 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$22.5K $14.04/SF
− Vacancy
−$966 −$0.60/SF
EGI
$21.5K $13.44/SF
− OpEx
−$6.4K −$4.03/SF
NOI
$15.0K $9.41/SF
Area
Kansas City, MO
Vacancy
4.30%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$300,980
Cap Rate 7%
$214,986
Cap Rate 9%
$167,211
Alternative Uses
Best Use
Specialty Retail
$265.4K
$232.2K – $309.6K
NOI $18,577 @ 7.0% cap · market cap 9.29%
Second Best
Retail
$215.0K
$188.1K – $250.8K
NOI $15,049 @ 7.0% cap · market cap 7.52%
Theoretical Best
Office A
$381.1K
$333.5K – $444.6K
NOI $26,677 @ 7.0% cap · market cap 13.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
591
Businesses Nearby
3k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
BP
Shops & Services
3,063 visits/mo
0.5 miles
Demographics for 64128, MO
11,872
Population
6,681
Households
1.8
Avg Household Size
37
Median Age
10%
College-Educated
85%
High-School Grad
3.0 sq mi
ZIP Area
3,957
Density / Sq Mi
$35,257
Median Household Income
$31,227
Median Earnings
$926
Median Rent
$64,800
Median Home Value
Market
Vacancy Rate% for Retail in Kansas City, MO
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - Freestanding, single-story building with B1-1 zoning and prior restaurant use along E. 35th Street.
Where is this storefront property located?
The property is located at 4200 E 35th Street Kansas City, MO.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Freestanding, single‑story storefront building; B1‑1 zoning designation; Approximately 0.1274 acres
