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    700 Nebraska Ave Kansas City, KS 66101

    For Sale
    $4,293,333

    Medical office space in Kansas City, Kansas for sale.

    Property size:
    8,400 SF
    Lot size:
    0.89 Acres

    Property Features for 700 Nebraska Ave

    General Information

    Size
    8,400 SF
    Lot size
    0.89 Acres

    Source: Matthews Real Estate Investment Services Agent Kyle Mackulak

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Kansas City Medical Office

    The property is a medical office located in Kansas City, Kansas. Oak Street Health, acquired by CVS Health in 2023, occupies the space and operates over 230 centers nationwide with plans to expand to over 300 clinics by 2026. The Kansas City location provides outpatient care to an aging, Medicare-eligible population in a medically underserved neighborhood. The property benefits from a 17-year NNN lease that commenced in 2023, featuring built-in rent increases and two 5-year renewal options. In 2023, the tenant invested $1.9 million to renovate and upgrade the 8,400 square foot facility. Oak Street Health operates three strategically located clinics across the Kansas City metro. The site is located near key regional infrastructure including Kansas City Hall, Memorial Hall, and I-70. The property is located within a federally designated opportunity zone. Home values in Kansas City are projected to rise by 5.6% in 2025.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Paige Dodson, MD Doctor Oak Street Health ... Medical Clinic Bonnie J. Landgraf, ... Nurse Practitioner William B. Beachum, ... Nurse Practitioner

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Kansas City
    County
    Wyandotte
    State
    Kansas
    Longitude
    -94.628303
    Latitude
    39.117852

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    FAQs

    What type of property is this?
    Medical office - Medical office space in Kansas City, Kansas for sale.
    Where is this medical office located?
    The property is located at 700 Nebraska Ave Kansas City, KS.
    What is the asking price?
    The asking price for this property is $4,293,333.
    What are key features of this property?
    This property features: - Long-term (17-year) NNN lease commenced in 2023 with built-in rent increases and two 5-year renewal options, providing stable, growing cash flow.; - Backed by CVS Health (NYSE: CVS), a financially strong national healthcare company, enhancing tenant credit profile.; - Ideal 1031 exchange opportunity due to passive income and minimal landlord responsibilities.
    (262) 672-8388
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    700 Nebraska Ave Kansas City, KS 66101
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    Kansas City, KS 66101
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    700 Nebraska Ave Kansas City, KS 66101
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