Operating Neighborhood
For Sale
$160,000
1200 Osage Ave, Kansas City, KS 66105
C-3 Commercial property with an existing bar operation and flexibility for other approved commercial uses.
Property Size1,176 SF
Lot Size0.19 Acres
Price / SF$136.05
Days on Market14
Property Features for 1200 Osage Ave
General Information
Standard status
Active
Size
1,176 SF
Lot size
0.19 Acres
Zoning
C-3 Commercial
Taxes and HOA fees
Annual Taxes
$3,409
Building Details
Buildings
1
Building Size
1,176 SF
Abandoned
No
Listing Agency:
Platinum Realty LLC
(888) 220-0988
Listed By:
Heather Hardy
(913) 499-9011
Source:
Exprealty
Added: Aug 20
Changed: Sep 2
Last Checked: Sep 2 at 6:55PM
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 Platinum Realty LLC
Investment Insights
Based on property information with market context.
This operating bar property includes an approximately 1,176-square-foot commercial building on roughly 0.19 acre. The existing configuration supports continued use as a bar or tavern, while the site may also be repositioned for another commercial concept, subject to applicable approvals.
Located at 1200 Osage Avenue in Kansas City, Kansas, the property carries C-3 Commercial zoning. Possible applications identified for the district include automotive sales, office, retail, service businesses, and contractor uses, subject to Unified Government requirements, licensing, parking standards, and any required Special Use Permit. Buyers should independently confirm permitted uses and operating requirements with the Unified Government of Wyandotte County/Kansas City, Kansas.
Located at 1200 Osage Avenue in Kansas City, Kansas, the property carries C-3 Commercial zoning. Possible applications identified for the district include automotive sales, office, retail, service businesses, and contractor uses, subject to Unified Government requirements, licensing, parking standards, and any required Special Use Permit. Buyers should independently confirm permitted uses and operating requirements with the Unified Government of Wyandotte County/Kansas City, Kansas.
Key Highlights
- Existing operating neighborhood bar at 1200 Osage Avenue
- Approximately 1,176‑square‑foot commercial building
- Roughly 0.19‑acre site
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
$12,180
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
7.61%
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%
$243,600
$243.6K
Cap Rate 7%
$174,000
$174.0K
Cap Rate 9%
$135,333
$135.3K
Market Conditions
NOI Build-Up for 1,176 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
$16.9K $14.40/SF
− Vacancy
−$694 −$0.59/SF
EGI
$16.2K $13.81/SF
− OpEx
−$4.1K −$3.45/SF
NOI
$12.2K $10.36/SF
Area
Kansas City, KS
Vacancy
4.10%
Lease Rate
$14.40 /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%
$243,600
Cap Rate 7%
$174,000
Cap Rate 9%
$135,333
Alternative Uses
Best Use
Specialty Retail
$174.0K
$152.3K – $203.0K
NOI $12,180 @ 7.0% cap · market cap 7.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$194.8K
$170.5K – $227.3K
NOI $13,638 @ 7.0% cap · market cap 8.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
393
Businesses Nearby
3k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 82%
Electronics 18%
Firestone Complete Auto Care
Shops & Services
2,194 visits/mo
0.2 miles
Boost Mobile
Electronics
474 visits/mo
0.3 miles
Demographics for 66105, KS
2,870
Population
1,155
Households
2.5
Avg Household Size
32
Median Age
14%
College-Educated
58%
High-School Grad
3.0 sq mi
ZIP Area
957
Density / Sq Mi
$32,188
Median Household Income
$23,853
Median Earnings
$905
Median Rent
$62,200
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Manhattan Bar & Grill — 812 S 12th St, Kansas City, KS 66105
- Dutch Tavern 2 — 843 Osage Ave, Kansas City, KS 66105
- The Coop — 1200 Osage Ave, Kansas City, KS 66105
- Bar-None Lounge — 1200 Osage Ave, Kansas City, KS 66105
- Joe's Casino Bar — 1100 Osage Ave, Kansas City, KS 66105
Frequently Asked Questions
What type of property is this?
Bar & Pub - C-3 Commercial property with an existing bar operation and flexibility for other approved commercial uses.
Where is this bar & pub located?
The property is located at 1200 Osage Ave Kansas City, KS.
What is the asking price?
The asking price for this property is $160,000.
What are key features of this property?
This property features: Existing operating neighborhood bar at 1200 Osage Avenue; Approximately 1,176‑square‑foot commercial building; Roughly 0.19‑acre site
