Brick Office Building with
For Sale
Contact for pricing
1619 Walnut St, Kansas City, MO 64108
Open-plan office property with polished concrete, exposed brick, natural light, and drive-in loading.
Property Size5,200 SF
Price / SF$307.69
Days on Market249
Property Features for 1619 Walnut St
General Information
Standard status
Active
Size
5,200 SF
Class
B
Property subtype
Office
Site & Location
Road Access
Yes
Public Transit
Yes
Additional Details
Asking Price
$1,600,000
Amenities
sky lights
drive-in loading with glass garage door
Building Details
Year Built
1920
Year Renovated
2002
Buildings
1
Stories
1
Building Size
5,200 SF
Listing Agency:
Newmark
Listed By:
John Hoefer · License #2015009603
(816) 268-4248
Source:
Crexi
Added: Feb 10
Changed: Oct 10
Last Checked: Oct 16 at 9:10AM
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 Newmark
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Investment Insights
Based on property information with market context.
Built in 1920, this 5,200-square-foot office building offers a predominantly open interior finished with polished concrete floors, exposed brick, and a barrel truss ceiling. Two large skylights bring natural light into the workspace, while a drive-in loading area with a glass garage door opens onto Walnut Street. The roof is new and includes a transferable warranty.
Convenient parking is available for lease. The property is within walking distance of dozens of restaurants, hotels, and the KC Streetcar, adding nearby dining, lodging, and transit access to the office setting.
Convenient parking is available for lease. The property is within walking distance of dozens of restaurants, hotels, and the KC Streetcar, adding nearby dining, lodging, and transit access to the office setting.
Key Highlights
- 5,200‑square‑foot office building constructed in 1920
- Mostly open interior with polished concrete floors and exposed brick
- Barrel truss ceiling with two large skylights
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,467
Cap Rate
4.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,469,340
$1.5M
Cap Rate 7%
$1,049,529
$1.0M
Cap Rate 9%
$816,300
$816.3K
Market Conditions
NOI Build-Up for 5,200 SF
Gross rent
$117.3K $22.56/SF
− Vacancy
−$19.4K −$3.72/SF
EGI
$98.0K $18.84/SF
− OpEx
−$24.5K −$4.71/SF
NOI
$73.5K $14.13/SF
Area
Kansas City, MO
Vacancy
16.50%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,469,340
Cap Rate 7%
$1,049,529
Cap Rate 9%
$816,300
Alternative Uses
Best Use
Office B
$1.05M
$918.3K – $1.22M
NOI $73,467 @ 7.0% cap · market cap 4.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.24M
$1.08M – $1.45M
NOI $86,701 @ 7.0% cap · market cap 5.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
5,912
Businesses Nearby
Explore this area
Business Placement
Demographics for 64108, MO
9,839
Population
6,141
Households
1.6
Avg Household Size
35
Median Age
51%
College-Educated
90%
High-School Grad
3.7 sq mi
ZIP Area
2,659
Density / Sq Mi
$74,462
Median Household Income
$53,521
Median Earnings
$1,422
Median Rent
$286,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Kansas City, MO
Frequently Asked Questions
What type of property is this?
Office building - Open-plan office property with polished concrete, exposed brick, natural light, and drive-in loading.
Where is this office building located?
The property is located at 1619 Walnut St Kansas City, MO.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 5,200‑square‑foot office building constructed in 1920; Mostly open interior with polished concrete floors and exposed brick; Barrel truss ceiling with two large skylights
