Ground-Level Retail and Office
For Sale
Contact for pricing
1101 Walnut Street Suite 102, Kansas City, MO 19107
Ground-level suite with dual-street signage opportunities, supported by building amenities including conference space and fitness.
Property Size700 SF
Price / SF$421.43
Days on Market100
Property Features for 1101 Walnut Street Suite 102
General Information
Standard status
Active
Size
700 SF
Property subtype
Retail, Office
Zoning
C1
Building Details
Year Built
1974
Year Renovated
2007
Buildings
1
Stories
20
Listing Agency:
Newmark
Listed By:
John Hoefer · License #2015009603
(816) 268-4248
Source:
Crexi
Added: May 29
Changed: Aug 28
Last Checked: Sep 5 at 6:01AM
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
Investment Insights
Based on property information with market context.
This approximately 700-square-foot ground-level suite offers convenient street access and a layout well-suited for either office or retail use. The space is positioned to support branding through signage opportunities on both 11th Street and Walnut Street, helping establish clear storefront identification.
The suite is located at 1101 Walnut Street, Suite 102, in downtown Kansas City, with direct entry from street level. The building setting includes several tenant amenities designed for an active work and visitor experience, including a conference room, fitness center, rooftop pool, event space, and a movie theater.
For tenants or owner-operators seeking a flexible space with prominent street-level presence, the dual-signage capability and ground-level entry are practical advantages. The building’s conference and event options can support meetings, presentations, and hosted activity, while the fitness and rooftop amenities may be helpful for attracting and retaining customers or staff.
The suite is located at 1101 Walnut Street, Suite 102, in downtown Kansas City, with direct entry from street level. The building setting includes several tenant amenities designed for an active work and visitor experience, including a conference room, fitness center, rooftop pool, event space, and a movie theater.
For tenants or owner-operators seeking a flexible space with prominent street-level presence, the dual-signage capability and ground-level entry are practical advantages. The building’s conference and event options can support meetings, presentations, and hosted activity, while the fitness and rooftop amenities may be helpful for attracting and retaining customers or staff.
Key Highlights
- Approximately 1,700 SF ground‑level suite with convenient entry on 11th Street in downtown
- Dual‑street signage opportunities on 11th Street and Walnut Street for brand visibility
- Design suited for office or retail use, offering flexible space for business needs
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
$9,890
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
3.35%
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%
$197,800
$197.8K
Cap Rate 7%
$141,286
$141.3K
Cap Rate 9%
$109,889
$109.9K
Market Conditions
NOI Build-Up for 700 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
$15.8K $22.56/SF
− Vacancy
−$2.6K −$3.72/SF
EGI
$13.2K $18.84/SF
− OpEx
−$3.3K −$4.71/SF
NOI
$9.9K $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%
$197,800
Cap Rate 7%
$141,286
Cap Rate 9%
$109,889
Alternative Uses
Best Use
Office B
$141.3K
$123.6K – $164.8K
NOI $9,890 @ 7.0% cap · market cap 3.35%
Second Best
Retail
$94.1K
$82.3K – $109.7K
NOI $6,584 @ 7.0% cap · market cap 2.23%
Theoretical Best
Office A
$166.7K
$145.9K – $194.5K
NOI $11,671 @ 7.0% cap · market cap 3.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,097
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Office in Kansas City, MO
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Frequently Asked Questions
What type of property is this?
Office units - Ground-level suite with dual-street signage opportunities, supported by building amenities including conference space and fitness.
Where is this office units located?
The property is located at 1101 Walnut Street Suite 102 Kansas City, MO.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Approximately 1,700 SF ground‑level suite with convenient entry on 11th Street in downtown; Dual‑street signage opportunities on 11th Street and Walnut Street for brand visibility; Design suited for office or retail use, offering flexible space for business needs
