Renovated Freestanding Office
New
For Sale
$300,000
1731 W 39th Ave, Kansas City, KS 66103
C-3 zoning supports professional office, medical, and service uses, with on-site parking and a fenced rear yard.
Property Size1,085 SF
Lot Size0.20 Acres
Price / SF$276.50
Days on Market2
Property Features for 1731 W 39th Ave
General Information
Standard status
Active
Size
1,085 SF
Total Parking Spaces
4
Lot size
0.20 Acres
Property subtype
Office
Zoning
C-3
Additional Details
Asking Price
$300,000
Highway Access
Yes
Building Details
Building Size
1,085 SF
Year Built
1920
Buildings
1
Owner Occupied
No
Listing Agency:
Clemons Real Estate
Listed By:
Cole Stewart · License ##00251413
(913) 568-2003
Source:
Clemonsrealestate
Added: Sep 16
Last Checked: Sep 16 at 12:19PM
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 Clemons Real Estate
Investment Insights
Based on property information with market context.
Located at 1731 W 39th Avenue in Kansas City, Kansas, this fully renovated office property includes 1,085 SF on a 0.20-acre lot. The single-story building sits at grade with a full basement below, four dedicated surface parking spaces, and an enclosed rear yard. The property is vacant and can be occupied at closing.
C-3 zoning supports professional office, medical, and service uses. The building offers independent access and on-site parking for staff and visitors, while its position in Rosedale provides access to I-35 via Southwest Boulevard. Drive times are approximately 8 minutes to KU Medical Center, 10 minutes to the Country Club Plaza, 16 minutes to downtown Kansas City, and 32 minutes to KCI Airport.
C-3 zoning supports professional office, medical, and service uses. The building offers independent access and on-site parking for staff and visitors, while its position in Rosedale provides access to I-35 via Southwest Boulevard. Drive times are approximately 8 minutes to KU Medical Center, 10 minutes to the Country Club Plaza, 16 minutes to downtown Kansas City, and 32 minutes to KCI Airport.
Key Highlights
- Fully renovated 1,085 SF office building on a 0.20‑acre lot
- C‑3 zoning supports professional office, medical, and service uses
- Single‑story building with a full basement
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
$10,795
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
3.60%
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%
$215,900
$215.9K
Cap Rate 7%
$154,214
$154.2K
Cap Rate 9%
$119,944
$119.9K
Market Conditions
NOI Build-Up for 1,085 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
$19.5K $18.00/SF
− Vacancy
−$5.1K −$4.73/SF
EGI
$14.4K $13.27/SF
− OpEx
−$3.6K −$3.32/SF
NOI
$10.8K $9.95/SF
Area
Kansas City, KS
Vacancy
26.30%
Lease Rate
$18.00 /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%
$215,900
Cap Rate 7%
$154,214
Cap Rate 9%
$119,944
Alternative Uses
Best Use
Office B
$154.2K
$134.9K – $179.9K
NOI $10,795 @ 7.0% cap · market cap 3.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$179.8K
$157.3K – $209.7K
NOI $12,583 @ 7.0% cap · market cap 4.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
264
Businesses Nearby
Explore this area
Business Placement
Demographics for 66103, KS
12,741
Population
6,971
Households
1.8
Avg Household Size
33
Median Age
32%
College-Educated
88%
High-School Grad
4.7 sq mi
ZIP Area
2,711
Density / Sq Mi
$49,403
Median Household Income
$39,673
Median Earnings
$1,166
Median Rent
$119,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office building - C-3 zoning supports professional office, medical, and service uses, with on-site parking and a fenced rear yard.
Where is this office building located?
The property is located at 1731 W 39th Ave Kansas City, KS.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Fully renovated 1,085 SF office building on a 0.20‑acre lot; C‑3 zoning supports professional office, medical, and service uses; Single‑story building with a full basement
