Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    323 W 8th St Kansas City, MO

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    2,866 SF retail space in historic, vibrant Kansas City.

    Type:RETAIL
    Property size:
    2,866 SF
    Lot size:
    0.93 Acres
    Added:
    Mar 27, 2025
    Days on Market:
    394
    Last Refresh:
    Apr 5 at 9:33 pm

    Property Features for 323 W 8th St

    General Information

    Standard status
    Active
    Size
    2,866 SF
    Lot size
    0.93 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 323 W 8th St Contact us

    We can help!

    Listing Contact
    Alli Ramsey, CCIM
    Alli Ramsey, CCIM

    Listing agent Alli Ramsey, CCIM

    Listing office Catalyst Property Group

    Listing date Mar 27, 2025

    Source Moodyscre

    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

    Overview

    Historic Retail Space in Garment District

    This 2,866 square foot ground floor retail space is available for lease within the historic Lucas Place Lofts building, which features 134 apartments with a consistent occupancy rate of 95-100%. The location offers high visibility and foot traffic in a vibrant urban setting in the heart of Kansas City’s Garment District, providing access to a mix of business, culture, and entertainment. Street parking is available, along with access to a landlord-owned surface lot. The space retains its original architectural features, creating a warm and inviting environment. The location is in close proximity to dense residential developments such as Walnut Tower Apartments, Roaster’s Block Apartments, and Opera House Lofts. This location is suitable for businesses looking to establish a presence in a historic, yet dynamic neighborhood.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Lucas Place Lofts ... Apartment Building

    Suggested Use

    Real Estate Agency Dental Office Spa & Massage Center Restaurant Hair Salon Nail Salon Daycare Center Building Supply Kitchen & Bath Showroom Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Kansas City
    County
    Platte
    State
    Missouri
    Longitude
    -94.587
    Latitude
    39.1044

    Nearby Similar for Lease

    • $2,000/Mo

      Retail Space in Thriving Center

      Retail space suitable for coffee shop or limited food service.
      4112 NE Vivion Road, Kansas City, MO 64119
      View Details
    • $20 SF/Yr

      Retail Space in Kansas City

      Move-in ready retail space available for lease.
      13606 Washington Street, Kansas City, MO 64145
      View Details
    • $20 SF/Yr

      Kansas City Commercial Space Available

      Office and retail space available for lease in Kansas City.
      13610 Washington Street, Kansas City, MO 64145
      View Details
    • Sponsored
      Contact for pricing

      MO, Kansas City - Walnut Street

      1828 Walnut St, Kansas City, MO 64108
      View Details
    • Contact for pricing

      The Cosby Building

      107 9Th St, Unit 2ND, Kansas City, MO 64105
      View Details
    • Contact for pricing

      Country Club Plaza

      435 Nichols Rd, Unit 200, Kansas City, MO 64112
      View Details
    • Contact for pricing

      South Kansas City

      800 101St Ter, Unit 350, Kansas City, MO 64131
      View Details
    • $14 SF/Yr

      Turnkey Restaurant Space Available

      Restaurant space for lease in a high-visibility location.
      6427 North Cosby Avenue, Kansas City, MO 64151
      View Details
    • Contact for pricing

      Crown Center

      2300 Main St, Unit 9TH, Kansas City, MO 64108
      View Details
    • Contact for pricing

      Briarcliff

      1201 Briarcliff Pkwy, Unit 2ND, Kansas City, MO 64116
      View Details
    • Contact for pricing

      Zona Rosa

      7280 87Th Ter, Unit C-210, Kansas City, MO 64153
      View Details
    • $1,250/Mo

      Basement Office Space For Rent

      Basement office space with private office and break room.
      8320 N Oak Trafficway, Kansas City, MO 64118
      View Details

    FAQs

    What type of property is this?
    Retail space - 2,866 SF retail space in historic, vibrant Kansas City.
    Where is this retail space located?
    The property is located at 323 W 8th St Kansas City, MO.
    What are key features of this property?
    This property features: High visibility and foot traffic in a vibrant urban setting.; Located within the historic Lucas Place Lofts building, featuring 134 apartments with high occupancy (95‑100%).; Prime location in the heart of Kansas City’s Garment District, offering unparalleled access to business, culture, and entertainment.
    (402) 926-6200 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Alli Ramsey, CCIM
    Alli Ramsey, CCIM
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!