Retail and Office
For Sale
Contact for pricing
1006 Linwood Boulevard, Kansas City, MO 64109
For sale retail and office building offering flexible space for a range of neighborhood-serving tenants.
Property Size7,435 SF
Price / SF$155.01
Days on Market73
Property Features for 1006 Linwood Boulevard
General Information
Standard status
Active
Size
7,435 SF
Class
B
Total Parking Spaces
27
Property subtype
Retail, Office, Mixed Use
Investment Type
Owner/User
Building Details
Year Built
1932
Year Renovated
2025
Buildings
1
Units
27
Listing Agency:
Block Real Estate Services
(816) 412-5858
Listed By:
Aaron Mesmer · License #MO 2003018426
Source:
Crexi
Added: Jun 8
Changed: Aug 10
Last Checked: Aug 19 at 11:17AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Block Real Estate Services
Investment Insights
Based on property information with market context.
This for-sale retail and office building is sized at 7,435 square feet and is positioned to support a mix of business uses. The property is being marketed as “Midtown Dream,” aligning with its neighborhood commercial purpose, while the combined office and retail designation provides flexibility for prospective tenants or owner-operators.
Located at 1006 Linwood Boulevard in KCMO, the property benefits from a street-addressed, commercially oriented setting. No additional details are provided regarding frontage, access, or surrounding tenants, so buyers and brokers should plan to review the site directly for operational fit and visibility.
For buyers, the practical appeal is the ability to accommodate both retail-facing operations and office-based services under one ownership structure. Tenants seeking either retail or office use may find the layout and property type supportive of their day-to-day requirements, subject to confirming unit configuration and any building features during due diligence.
Located at 1006 Linwood Boulevard in KCMO, the property benefits from a street-addressed, commercially oriented setting. No additional details are provided regarding frontage, access, or surrounding tenants, so buyers and brokers should plan to review the site directly for operational fit and visibility.
For buyers, the practical appeal is the ability to accommodate both retail-facing operations and office-based services under one ownership structure. Tenants seeking either retail or office use may find the layout and property type supportive of their day-to-day requirements, subject to confirming unit configuration and any building features during due diligence.
Key Highlights
- Built in 1932
- Retail and office building with flexible space for a range of neighborhood‑serving tenants
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
$105,043
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
9.11%
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%
$2,100,860
$2.1M
Cap Rate 7%
$1,500,614
$1.5M
Cap Rate 9%
$1,167,144
$1.2M
Market Conditions
NOI Build-Up for 7,435 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
$167.7K $22.56/SF
− Vacancy
−$27.7K −$3.72/SF
EGI
$140.1K $18.84/SF
− OpEx
−$35.0K −$4.71/SF
NOI
$105.0K $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%
$2,100,860
Cap Rate 7%
$1,500,614
Cap Rate 9%
$1,167,144
Alternative Uses
Best Use
Office B
$1.50M
$1.31M – $1.75M
NOI $105,043 @ 7.0% cap · market cap 9.11%
Second Best
Retail
$999.0K
$874.1K – $1.17M
NOI $69,929 @ 7.0% cap · market cap 6.07%
Theoretical Best
Office A
$1.77M
$1.55M – $2.07M
NOI $123,966 @ 7.0% cap · market cap 10.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,076
Businesses Nearby
Explore this area
Business Placement
Demographics for 64109, MO
10,290
Population
6,103
Households
1.7
Avg Household Size
34
Median Age
35%
College-Educated
85%
High-School Grad
2.1 sq mi
ZIP Area
4,900
Density / Sq Mi
$42,861
Median Household Income
$38,585
Median Earnings
$919
Median Rent
$240,000
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?
Office units - For sale retail and office building offering flexible space for a range of neighborhood-serving tenants.
Where is this office units located?
The property is located at 1006 Linwood Boulevard Kansas City, MO.
What is the asking price?
The asking price for this property is $1,152,500.
What are key features of this property?
This property features: Built in 1932; Retail and office building with flexible space for a range of neighborhood‑serving tenants
