Add Listing
    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

    1656 Washington St Kansas City, MO 64108

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Historic building, modern offices, ample parking.

    Property Features for 1656 Washington St

    General Information

    Standard status
    Active

    Building Details

    Year built
    1913

    We can help!

    Listing Contact
    Nick Suarez
    Nick Suarez
    Source: Crexi

    Listing Agency: Newmark Listing Agent: Nick Suarez

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

    Learn more

    Overview

    Creative Office and Retail Space

    Creative office and restaurant/retail space is available. The property features free gated parking. The exterior and interior common areas have been recently renovated. Building signage is available. The space includes exposed concrete floors and lofted ceilings throughout.
    Location Intelligence

    Current Use by Public Records

    Landers Law Firm ... Law Firm Walker James D Law Firm Mock Law, LLC Law Firm Screenland Theatre & Events Event Planning Peek Valuations Financial Advisor

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy Big Box & Wholesale Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Kansas City
    County
    Platte
    State
    Missouri
    Longitude
    -94.5901958
    Latitude
    39.0934543

    Nearby Similar for Lease

    • $1,500 /Mo
      6,538 SF

      Charming Office Space in Kansas

      1,040 sq ft office space ready for lease.
      4342 Belleview St, Kansas City, MO 64111
      View Details
    • $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
    • $20 SF/Yr
      130,680 SF

      Retail Space in Kansas City

      Move-in ready retail space available for lease.
      13606 Washington St, Kansas City, MO 64145
      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
    • Sponsored
      Contact for pricing

      MO, Kansas City - Walnut Street

      Workspaces, services and support to help you grow your business in TX, Austin- Westview
      1828 Walnut St, Kansas City, MO 64108
      View Details
    • Contact for pricing

      Crown Center

      All-inclusive access to workspace, virtual office and meeting rooms in Crown Center
      2300 Main St, Kansas City, MO 64108
      View Details
    • Contact for pricing

      Country Club Plaza

      Discover many ways to work your way in Country Club Plaza
      435 Nichols Rd, Kansas City, MO 64112
      View Details
    • Contact for pricing

      South Kansas City

      Discover many ways to work your way in South Kansas City
      800 101St Ter, Kansas City, MO 64131
      View Details
    • Contact for pricing

      The Cosby Building

      Discover many ways to work your way in The Cosby Building
      107 9Th St, Kansas City, MO 64105
      View Details
    • Contact for pricing

      Briarcliff

      Discover many ways to work your way in Briarcliff
      1201 Briarcliff Pkwy, Kansas City, MO 64116
      View Details
    • Contact for pricing

      Zona Rosa

      Discover many ways to work your way in Zona Rosa
      7280 87Th Ter, Kansas City, MO 64153
      View Details
    • $1,250 /Mo
      30,444 SF

      Kansas City Basement Office Space

      Basement office space with private office, break room, storage.
      8320 N Oak Trfy, Kansas City, MO 64118
      View Details

    FAQs

    What type of property is this?
    Creative space - Historic building, modern offices, ample parking.
    Where is this creative space located?
    The property is located at 1656 Washington St Kansas City, MO.
    What are key features of this property?
    This property features: Creative office and retail space available in a beautifully renovated historic building.; Ample free gated parking.; Recently renovated exterior and interior common areas.
    (816) 512-1012
    Request Owner's contact information
    1656 Washington St Kansas City, MO 64108
    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.
    1656 Washington St
    Kansas City, MO 64108
    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
    1656 Washington St Kansas City, MO 64108
    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
    Nick Suarez
    Nick Suarez
    Real Estate License ID: 00230446
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!