Sign Up Successful!
You now have access to more from Realmo!
    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

    1608 Locust St Kansas City, MO 64161

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $13 SF/Yr ($7,610 /Mo)

    6,547 square feet of office space available for rent.

    Property size:
    6,547 SF
    Lot size:
    0.53 Acres

    Property Features for 1608 Locust St

    General Information

    Size
    6,547 SF
    Lot size
    0.53 Acres

    We can help!

    Listing Contact
    Brendan Loellke
    Brendan Loellke
    Source: Moodyscre

    Listing Agent: Brendan Loellke

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

    Learn more

    Overview

    Office Space in Kansas City

    This property offers 6,547 square feet of office space. It is located at 1608 Locust St in Kansas City, MO.
    Location Intelligence

    Current Use by Public Records

    Flores Portable Toilets Portable Toilet Supplier Lexitas Legal Court Reporter Tea Gigital shop Make-Up Artist Lexitas Court Reporter

    Suggested Use

    Realty agency Restaurant Spa & Massage Hair Salon Dental Office Nail Salon Building Supply Auto Repair Shop Clothing Store 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
    -94.5780119
    Latitude
    39.0939848

    Nearby Similar for Lease

    • $16 SF/Yr
      129,809 SF

      Gladstone Office Space For Rent

      Move-in ready office suites in high-traffic Gladstone location.
      5601 NE Antioch Rd, Kansas City, MO 64119
      View Details
    • $2,500 /Mo
      30,492 SF

      Office Space with Private Offices

      Office space featuring ample natural light and private offices.
      8320 N Oak - 222 Trfy, Kansas City, MO 64118
      View Details
    • $1.00 SF/Yr
      16,117 SF

      Kansas City Commercial Space Available

      Prime location suitable for daycare, group home, or church.
      1844 Benton Blvd, Kansas City, MO 64127
      View Details
    • $1,250 /Mo
      30,492 SF

      Kansas City Basement Office Space

      Basement office space with private office, break room, and storage.
      8320 N Oak Trfy, Kansas City, MO 64118
      View Details
    • $1,500 /Mo
      6,534 SF

      Charming Office Space in Kansas

      1,040 sq ft office space with original features.
      4342 Belleview St, Kansas City, MO 64111
      View Details
    • $2,000 /Mo
      60,548 SF

      Retail Space in Thriving Center

      Retail space suitable for coffee shop or limited food service.
      4112 NE Vivion Rd, Kansas City, MO 64119
      View Details
    • $20 SF/Yr
      130,680 SF

      Kansas City Commercial Space Available

      Office and retail space available for lease in Kansas City.
      13610 Washington St, Kansas City, MO 64145
      View Details
    • $2,200 /Mo
      130,680 SF

      Retail Space in Kansas City

      Retail space available for lease in Kansas City, Missouri.
      13606 Washington St, Kansas City, MO 64145
      View Details
    • $12 SF/Yr
      30,056 SF

      Free Standing Building, Kansas City

      Exceptional building in excellent location with large parking lot.
      5911 Barry Rd, Kansas City, MO 64154
      View Details
    • $26 SF/Yr
      12,333 SF

      Premier Office Space Available

      Modern office space with advanced amenities in downtown Kansas.
      1201 Walnut St, Kansas City, MO 64106
      View Details
    • $4 SF/Yr
      80,365 SF

      Kansas City Industrial Building

      Versatile industrial building with highway access in Kansas City, MO.
      4700 Deramus Ave, Kansas City, MO 64120
      View Details
    • Contact for pricing
      160,000 SF

      Class A Mixed-Use Tower

      160,000 SF of Class A office space for lease.
      22nd St & Main St, Kansas City, MO
      View Details

    FAQs

    What type of property is this?
    Office space - 6,547 square feet of office space available for rent.
    Where is this office space located?
    The property is located at 1608 Locust St Kansas City, MO.
    What is the lease rate?
    The lease rate is $13 SF/Yr.
    What are key features of this property?
    This property features: - 6,547 square feet of office space available
    (816) 683-4988
    Request Owner's contact information
    1608 Locust St Kansas City, MO 64161
    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.
    1608 Locust St
    Kansas City, MO 64161
    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
    1608 Locust St Kansas City, MO 64161
    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

    We can help!
    Listing Contact
    Brendan Loellke
    Brendan Loellke
    Real Estate License ID: MO 2019038546
    (816) 683-4988
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.