Bar Property with
New
For Sale
$160,000
1200 Osage Street, Kansas City, KS 66105
Commercial Sale, Kansas City, KS
Property Size1,176 SF
Lot Size0.19 Acres
Price / SF$136.05
Days on Market4
Property Features for 1200 Osage Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
c3
Parking features
Parking Lot
Directions
i70 to south on 7th street trafficway, west on Osage, property on the right at 12th street.
Subdivision
405 - N=Ks Rvr;S=Jo Co Ln;E=StateLn;W=18th St
Standard status
Active
APN
072339
Lot size
0.19 Acres
Taxes and HOA fees
Tax Description
ARMOURDALE B121-128 & 0723 & 0724, S21, T11, R21, ACRES 0.18, B121 L47 TO L49
Tax Annual Amount
3409
Legal Description
ARMOURDALE B121-128 & 0723 & 0724, S21, T11, R21, ACRES 0.18, B121 L47 TO L49
Utilities
Utilities
Water Available
Building Details
Year built
1930
Floors in Building
1
Listing Agency:
Platinum Realty LLC
(888) 220-0988
Listed By:
Heather Hardy
(913) 499-9011
Added: Aug 20
Last Checked: Aug 23 at 12:06PM
MLS# 2637979
Copyright © 2026 Heartland Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This operating bar property includes an approximately 1,176-square-foot commercial building constructed in 1930. The site encompasses roughly 0.19 acre and includes a parking lot, supporting continued bar or tavern operations from an existing commercial location.
C-3 Commercial zoning provides for a range of possible business uses, subject to Unified Government zoning requirements, licensing, and any required Special Use Permit approvals. The property information identifies automotive sales, office, retail, service businesses, and contractor uses among the potential commercial concepts, with verification required for permitted uses and parking requirements. Water is available at the site, and the property is located in Kansas City, Kansas.
C-3 Commercial zoning provides for a range of possible business uses, subject to Unified Government zoning requirements, licensing, and any required Special Use Permit approvals. The property information identifies automotive sales, office, retail, service businesses, and contractor uses among the potential commercial concepts, with verification required for permitted uses and parking requirements. Water is available at the site, and the property is located in Kansas City, Kansas.
Key Highlights
- Operating bar property with an approximately 1,176‑square‑foot building
- C‑3 Commercial zoning
- Approximately 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
Retail
$162.4K
$142.1K – $189.5K
NOI $11,368 @ 7.0% cap · market cap 7.11%
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
Current Use
Location Intelligence
Trade Area within ½ mile
465
Businesses Nearby
33k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 68%
Shops & Services 30%
Electronics 1%
McDonald's
Dining
22,430 visits/mo
0.5 miles
Sinclair
Shops & Services
7,735 visits/mo
0.4 miles
Firestone Complete Auto Care
Shops & Services
2,194 visits/mo
0.3 miles
Boost Mobile
Electronics
474 visits/mo
0.2 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
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Similar Off Market Nearby
- The Coop — 1200 Osage Ave, Kansas City, KS 66105
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- Dutch Tavern 2 — 843 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 - Operating commercial bar property with C-3 zoning and a dedicated parking lot.
Where is this bar & pub located?
The property is located at 1200 Osage Street 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: Operating bar property with an approximately 1,176‑square‑foot building; C‑3 Commercial zoning; Approximately 0.19‑acre site
