Retail Building with Overhead
For Sale
$475,000
7101 Troost Avenue, Kansas City, MO 64131
COMMERCIAL - Kansas City, MO
Property Size2,000 SF
Lot Size0.24 Acres
Price / SF$237.50
Days on Market108
Property Features for 7101 Troost Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B3-2
Parking features
Parking Lot
Directions
Troost to 71st street SE corner of intersection
Subdivision
202 - Kansas City Area (So. of River)
Standard status
Active
APN
47-630-08-03-00-0-00-000
Lot size
0.24 Acres
Taxes and HOA fees
Tax Description
KENNEDYS EDWARD P SUB _EX IN BLVD_ LOTS 1-2 Parcel 47-630-08-03-00-0-00-000
Legal Description
KENNEDYS EDWARD P SUB _EX IN BLVD_ LOTS 1-2 Parcel 47-630-08-03-00-0-00-000
Utilities
Utilities
Water Available
Amenities
overhead door
Building Details
Year built
1975
Floors in Building
1
Listing Agency:
Realty Executives · Realty Executives International
(913) 642-4888
Listed By:
Cecilia Shalz · License #2002020938
(816) 914-3795
Added: Apr 27
Changed: Aug 4
Last Checked: Aug 12 at 8:06PM
MLS# 2616828
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 for-sale retail property includes a 2,000-square-foot building and a parking lot on 0.24 acres. The interior is open, providing flexibility for a variety of retail or service layouts. The building features an overhead door designed for unloading and loading, supporting day-to-day operations that require direct access.
Located at 7101 Troost Avenue in Kansas City, Missouri, the site is positioned near a very busy intersection offering visibility to passersby from Gregory and Troost. The property is set up for straightforward customer and operational access through its parking lot, with the building’s overhead door adding convenience for deliveries and stocking.
Zoned B3-2, the property is well suited for tenants or owners seeking a retail space that can be customized to their specific service model. The open plan and loading access can help streamline build-out and ongoing operational needs. Buyers are advised that all information should be verified with the City of Kansas City for their intended use.
Located at 7101 Troost Avenue in Kansas City, Missouri, the site is positioned near a very busy intersection offering visibility to passersby from Gregory and Troost. The property is set up for straightforward customer and operational access through its parking lot, with the building’s overhead door adding convenience for deliveries and stocking.
Zoned B3-2, the property is well suited for tenants or owners seeking a retail space that can be customized to their specific service model. The open plan and loading access can help streamline build-out and ongoing operational needs. Buyers are advised that all information should be verified with the City of Kansas City for their intended use.
Key Highlights
- Prime location at a very busy intersection (Gregory and Troost) offering high exposure.
- Zoned B3‑2, suitable for a wide range of retail service uses.
- Includes a great parking lot.
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
$18,811
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
3.96%
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%
$376,220
$376.2K
Cap Rate 7%
$268,729
$268.7K
Cap Rate 9%
$209,011
$209.0K
Market Conditions
NOI Build-Up for 2,000 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
$28.1K $14.04/SF
− Vacancy
−$1.2K −$0.60/SF
EGI
$26.9K $13.44/SF
− OpEx
−$8.1K −$4.03/SF
NOI
$18.8K $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%
$376,220
Cap Rate 7%
$268,729
Cap Rate 9%
$209,011
Alternative Uses
Best Use
Retail
$268.7K
$235.1K – $313.5K
NOI $18,811 @ 7.0% cap · market cap 3.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$476.4K
$416.8K – $555.8K
NOI $33,347 @ 7.0% cap · market cap 7.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
538
Businesses Nearby
2k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Electronics 100%
Cricket Wireless Authorized Retailer
Electronics
2,435 visits/mo
0.0 miles
Demographics for 64131, MO
21,837
Population
11,005
Households
2
Avg Household Size
37
Median Age
39%
College-Educated
91%
High-School Grad
8.5 sq mi
ZIP Area
2,569
Density / Sq Mi
$63,374
Median Household Income
$41,999
Median Earnings
$1,139
Median Rent
$217,700
Median Home Value
Market
Vacancy Rate% for Retail in Kansas City, MO
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Freestanding retail building on a busy intersection with parking and an overhead door for efficient loading.
Where is this storefront property located?
The property is located at 7101 Troost Avenue Kansas City, MO.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Prime location at a very busy intersection (Gregory and Troost) offering high exposure.; Zoned B3‑2, suitable for a wide range of retail service uses.; Includes a great parking lot.
