Mixed-Use Property with Auto
For Sale
$700,000
517 W 75th Street, Kansas City, MO 64114
COMMERCIAL - Kansas City, MO
Property Size3,399 SF
Lot Size0.20 Acres
Price / SF$205.94
Days on Market48
Property Features for 517 W 75th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B3-2
Parking features
On Street, Paved or Surfaced, Garage
Interior features
Storage, In-Law Floorplan, Private Restroom
Exterior features
Building Sign, Delivery Door(s), Display Window, Storage
Directions
Warnell Road to W 75th Street, West on 75th to business on left. Building's located on S.E corner of 75th and Pennsylvania Ave.
Subdivision
203 - South K.C. Mo/Grandview Area
Standard status
Active
APN
47-910-02-25-00-0-00-000
Lot size
0.20 Acres
Taxes and HOA fees
Tax Description
SECTION 18 TWNSHP 48 RANGE 33 BEG ON N LINE OF SEC 18-48-33, 496 FT W OF NE COR, TH S 130 FT TH W 64.9' TH N TOS LI 75TH ST TH E 64.9' TH S TO BEG
Tax Annual Amount
7500
Legal Description
SECTION 18 TWNSHP 48 RANGE 33 BEG ON N LINE OF SEC 18-48-33, 496 FT W OF NE COR, TH S 130 FT TH W 64.9' TH N TOS LI 75TH ST TH E 64.9' TH S TO BEG
Utilities
Utilities
Water Available
Amenities
unfinished attic
partial basement
detached garage
Building Details
Year built
1916
Floors in Building
1
Additional Structures
Storage
Listing Agency:
Weichert, Realtors Welch & Co.
(913) 647-5700
Listed By:
Frank Audano
(913) 568-7158
Added: Jul 3
Changed: Aug 19
Last Checked: Aug 19 at 9:06AM
MLS# 2629514
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 mixed-use commercial property at 517 W 75th Street combines music studio space with an operating auto service shop. The studio portion encompasses 1,471 square feet across a former residence and connected former restaurant area, with a bathroom, unfinished attic storage, and partial basement. The 1,928-square-foot auto shop forms a separate unit with its own bathroom, water service, delivery door, and a ceiling ranging from 12 feet to 10 feet. A detached garage with power adds additional utility at the south end of the site.
The property sits in Kansas City’s Westport, Waldo, and Plaza corridor. On-street, paved, and garage parking are available. Built in 1916, the property also features building signage, display windows, storage areas, and water availability.
The property sits in Kansas City’s Westport, Waldo, and Plaza corridor. On-street, paved, and garage parking are available. Built in 1916, the property also features building signage, display windows, storage areas, and water availability.
Key Highlights
- 1,471‑square‑foot music studio area spanning a former house and connected former restaurant space
- 1,928‑square‑foot auto service shop configured as a separate unit
- Auto shop includes its own bathroom, water service, and ceiling heights from 12 feet to 10 feet
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
$48,022
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
6.86%
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%
$960,440
$960.4K
Cap Rate 7%
$686,029
$686.0K
Cap Rate 9%
$533,578
$533.6K
Market Conditions
NOI Build-Up for 3,399 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
$76.7K $22.56/SF
− Vacancy
−$12.7K −$3.72/SF
EGI
$64.0K $18.84/SF
− OpEx
−$16.0K −$4.71/SF
NOI
$48.0K $14.13/SF
Area
Kansas City, MO
Vacancy
16.50%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
25.00%
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%
$960,440
Cap Rate 7%
$686,029
Cap Rate 9%
$533,578
Alternative Uses
Best Use
Office B
$686.0K
$600.3K – $800.4K
NOI $48,022 @ 7.0% cap · market cap 6.86%
Second Best
Mixed Use
$534.2K
$467.5K – $623.3K
NOI $37,397 @ 7.0% cap · market cap 5.34%
Theoretical Best
Office A
$809.6K
$708.4K – $944.5K
NOI $56,672 @ 7.0% cap · market cap 8.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
890
Businesses Nearby
Explore this area
Business Placement
Demographics for 64114, MO
24,008
Population
13,463
Households
1.8
Avg Household Size
39
Median Age
56%
College-Educated
97%
High-School Grad
7.1 sq mi
ZIP Area
3,381
Density / Sq Mi
$77,643
Median Household Income
$53,965
Median Earnings
$1,304
Median Rent
$257,400
Median Home Value
Market
Vacancy Rate% for Office in Kansas City, MO
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two occupied commercial sections include music studio space and an automotive service area with dedicated restroom and water.
Where is this mixed-use property located?
The property is located at 517 W 75th Street Kansas City, MO.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: 1,471‑square‑foot music studio area spanning a former house and connected former restaurant space; 1,928‑square‑foot auto service shop configured as a separate unit; Auto shop includes its own bathroom, water service, and ceiling heights from 12 feet to 10 feet
