Freestanding Restaurant with
For Sale
Contact for pricing
11290 Holmes Rd, Kansas City, MO 64131
2,295 SF restaurant with drive-thru on 0.64 acres.
Property Size2,295 SF
Lot Size0.64 Acres
Price / SF$270.15
Days on Market154
Property Features for 11290 Holmes Rd
General Information
Standard status
Active
Size
2,295 SF
Class
C
Lot size
0.64 Acres
Property subtype
Retail
Building Details
Year Built
1979
Buildings
1
Stories
1
Listing Agency:
Catalyst Property Group
(816) 556-1138
Listed By:
Alli Ramsey · License #2018026717
Source:
Crexi
Added: Mar 11
Changed: Aug 8
Last Checked: Aug 10 at 10:38AM
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 Catalyst Property Group
Investment Insights
Based on property information with market context.
This is a 2,295 square foot freestanding restaurant building with a drive-thru, situated on a 0.64-acre lot. The property features 47 parking spaces and is a second-generation restaurant. It is located on the hard corner of Holmes Road and Minor Drive, with close proximity to I-435. The property is also located minutes away from some of Kansas City's largest employers.
Key Highlights
- Freestanding 2,295sf 2nd gen restaurant with drive‑thru
- Large .64 acre lot with 47 parking spaces
- Hard corner location at Holmes Rd & Minor Drive
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
$26,647
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
4.30%
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%
$532,940
$532.9K
Cap Rate 7%
$380,671
$380.7K
Cap Rate 9%
$296,078
$296.1K
Market Conditions
NOI Build-Up for 2,295 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
$36.6K $15.96/SF
− Vacancy
−$1.1K −$0.48/SF
EGI
$35.5K $15.48/SF
− OpEx
−$8.9K −$3.87/SF
NOI
$26.6K $11.61/SF
Area
Kansas City, MO
Vacancy
3.00%
Lease Rate
$15.96 /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%
$532,940
Cap Rate 7%
$380,671
Cap Rate 9%
$296,078
Alternative Uses
Best Use
Specialty Retail
$380.7K
$333.1K – $444.1K
NOI $26,647 @ 7.0% cap · market cap 4.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$546.6K
$478.3K – $637.8K
NOI $38,265 @ 7.0% cap · market cap 6.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
324
Businesses Nearby
35k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 56%
Dining 43%
Beauty & Spa 1%
SONIC Drive In
Dining
8,037 visits/mo
0.4 miles
Burger King
Dining
7,117 visits/mo
0.3 miles
BP
Shops & Services
6,212 visits/mo
0.3 miles
U.S. Bank
Shops & Services
5,382 visits/mo
0.2 miles
Minit Mart
Shops & Services
4,211 visits/mo
0.3 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?
Drive through restaurant - 2,295 SF restaurant with drive-thru on 0.64 acres.
Where is this drive through restaurant located?
The property is located at 11290 Holmes Rd Kansas City, MO.
What is the asking price?
The asking price for this property is $620,000.
What are key features of this property?
This property features: Freestanding 2,295sf 2nd gen restaurant with drive‑thru; Large .64 acre lot with 47 parking spaces; Hard corner location at Holmes Rd & Minor Drive
