Kansas City Medical Office
For Sale
Contact for pricing
1150 N 75th Pl, Kansas City, KS 66112
12,000 SF medical office building in Kansas City, Kansas.
Property Size12,000 SF
Price / SF$133.33
Days on Market946
Property Features for 1150 N 75th Pl
General Information
Standard status
Active
Size
12,000 SF
Class
B
Property subtype
Office
Zoning
CP-1
Building Details
Year Built
2000
Buildings
1
Stories
2
Listing Agency:
The Vaught Group
Listed By:
Jeff Vaught · License #KS 2004022764
(913) 963-9796
Source:
Crexi
Added: Feb 19, 2024
Changed: Sep 7
Last Checked: Sep 21 at 6:00AM
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 The Vaught Group
Investment Insights
Based on property information with market context.
Located in Kansas City, this 12,000 square foot medical office building, constructed in 2000, offers potential for single or multi-tenant use. The building is conveniently located near major highways, medical centers, and commercial hubs, providing excellent visibility and accessibility. The vacant building provides an opportunity to customize the interior to specific requirements, such as a clinic, surgery center, or administrative offices. The flexible layout includes examination rooms, waiting areas, and administrative offices. A well-maintained parking lot surrounds the building, ensuring convenience for patients, staff, and visitors. The property is located in Kansas City's growing healthcare sector.
Key Highlights
- Prime location in Kansas City with excellent visibility and accessibility.
- 12,000 square feet of ample space suitable for single or multi‑tenant use.
- Vacant and ready for immediate occupancy, allowing for complete customization.
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
$121,651
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
7.60%
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%
$2,433,020
$2.4M
Cap Rate 7%
$1,737,871
$1.7M
Cap Rate 9%
$1,351,678
$1.4M
Market Conditions
NOI Build-Up for 12,000 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
$230.4K $19.20/SF
− Vacancy
−$27.6K −$2.30/SF
EGI
$202.8K $16.90/SF
− OpEx
−$81.1K −$6.76/SF
NOI
$121.7K $10.14/SF
Area
Kansas City, KS
Vacancy
12.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
40.00%
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%
$2,433,020
Cap Rate 7%
$1,737,871
Cap Rate 9%
$1,351,678
Alternative Uses
Best Use
Healthcare Medical
$1.74M
$1.52M – $2.03M
NOI $121,651 @ 7.0% cap · market cap 7.60%
Second Best
Office B
$1.71M
$1.49M – $1.99M
NOI $119,394 @ 7.0% cap · market cap 7.46%
Theoretical Best
Office A
$1.99M
$1.74M – $2.32M
NOI $139,164 @ 7.0% cap · market cap 8.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
468
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 66112, KS
12,507
Population
5,512
Households
2.3
Avg Household Size
36
Median Age
29%
College-Educated
88%
High-School Grad
5.5 sq mi
ZIP Area
2,274
Density / Sq Mi
$62,824
Median Household Income
$38,441
Median Earnings
$1,132
Median Rent
$186,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Medical Office Space - 12,000 SF medical office building in Kansas City, Kansas.
Where is this medical office space located?
The property is located at 1150 N 75th Pl Kansas City, KS.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Prime location in Kansas City with excellent visibility and accessibility.; 12,000 square feet of ample space suitable for single or multi‑tenant use.; Vacant and ready for immediate occupancy, allowing for complete customization.
