Historic Mixed-Use
For Sale
Contact for pricing
1020 Pennsylvania Avenue, Kansas City, MO 64105
Renovated historic property combines commercial space, apartments, and a short-term rental component.
Property Size5,700 SF
Price / SF$297.37
Days on Market173
Property Features for 1020 Pennsylvania Avenue
General Information
Standard status
Active
Size
5,700 SF
Total Parking Spaces
9
Property subtype
Special Purpose
Building Details
Year Built
1887
Year Renovated
2016
Buildings
2
Units
9
Listing Agency:
Newmark
Listed By:
John Hoefer · License #2015009603
(816) 268-4248
Source:
Crexi
Added: Apr 28
Changed: Oct 4
Last Checked: Oct 16 at 8:46AM
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 Newmark
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Investment Insights
Based on property information with market context.
This mixed-use property at 1020 Pennsylvania Avenue in KCMO encompasses 5,700 square feet across a historic building and carriage house. Originally built in 1887 and listed on the historic register, the property received a full renovation in 2016. The main building contains approximately 1,600 square feet of vacant commercial space along with two leased apartments, each configured with two bedrooms and 1.5 baths.
The separate carriage house offers a two-level, one-bedroom, 1.5-bath short-term rental with a 30-day minimum stay. Nine gated parking stalls are located in the adjacent parking lot. The combination of commercial, multifamily, and furnished rental uses creates a varied property configuration at a Pennsylvania Avenue address.
The separate carriage house offers a two-level, one-bedroom, 1.5-bath short-term rental with a 30-day minimum stay. Nine gated parking stalls are located in the adjacent parking lot. The combination of commercial, multifamily, and furnished rental uses creates a varied property configuration at a Pennsylvania Avenue address.
Key Highlights
- 5,700‑square‑foot mixed‑use property in KCMO
- Built in 1887 and recognized on the historic register
- Full building renovation completed in 2016
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,531
Cap Rate
4.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,610,620
$1.6M
Cap Rate 7%
$1,150,443
$1.2M
Cap Rate 9%
$894,789
$894.8K
Market Conditions
NOI Build-Up for 5,700 SF
Gross rent
$128.6K $22.56/SF
− Vacancy
−$21.2K −$3.72/SF
EGI
$107.4K $18.84/SF
− OpEx
−$26.8K −$4.71/SF
NOI
$80.5K $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 Rate 5%
$1,610,620
Cap Rate 7%
$1,150,443
Cap Rate 9%
$894,789
Alternative Uses
Best Use
Office B
$1.15M
$1.01M – $1.34M
NOI $80,531 @ 7.0% cap · market cap 4.75%
Second Best
Mixed Use
$895.9K
$783.9K – $1.05M
NOI $62,714 @ 7.0% cap · market cap 3.70%
Theoretical Best
Office A
$1.36M
$1.19M – $1.58M
NOI $95,038 @ 7.0% cap · market cap 5.61%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,946
Businesses Nearby
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Business Placement
Demographics for 64105, MO
6,424
Population
4,673
Households
1.4
Avg Household Size
30
Median Age
69%
College-Educated
99%
High-School Grad
0.8 sq mi
ZIP Area
8,030
Density / Sq Mi
$65,435
Median Household Income
$59,983
Median Earnings
$1,558
Median Rent
$228,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Kansas City, MO
Frequently Asked Questions
What type of property is this?
Mixed-use property - Renovated historic property combines commercial space, apartments, and a short-term rental component.
Where is this mixed-use property located?
The property is located at 1020 Pennsylvania Avenue Kansas City, MO.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: 5,700‑square‑foot mixed‑use property in KCMO; Built in 1887 and recognized on the historic register; Full building renovation completed in 2016
