Listing Agency: Clemons Real Estate Show Phone

Listed By: Zach Fowle · License #2021020800 Show Phone

Source: Moodyscre

Added: Apr 21 Changed: Oct 3 Last Checked: Oct 24 at 8:51PM

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Investment Insights

Based on property information with market context.

This retail space offers an open layout designed to accommodate a variety of showroom or sales configurations. The space includes high ceilings and large windows that provide ample natural light.

The property is located in the Crossroads Arts District, and it is surrounded by non-metered street parking, supporting convenient customer access.

As a for-sale retail offering, the asset presents a straightforward interior build-out with a flexible, open plan for prospective tenants or owners.

Key Highlights

• Retail space with high ceilings
• Large windows provide ample natural light
• Open layout

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$67,719

Cap Rate

4.84%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,354,380 $1.4M

Cap Rate 7%

$967,414 $967.4K

Cap Rate 9%

$752,433 $752.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 7,200 SF

Gross rent

$101.1K $14.04/SF

− Vacancy

−$4.3K −$0.60/SF

EGI

$96.7K $13.44/SF

− OpEx

−$29.0K −$4.03/SF

NOI

$67.7K $9.41/SF

Area

Kansas City, MO

Vacancy

4.30%

Lease Rate

$14.04 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,354,380

Cap Rate 7%

$967,414

Cap Rate 9%

$752,433

Alternative Uses

Best Use

Retail

$967.4K

$846.5K – $1.13M (±1% cap)

NOI $67,719 @ 7.0% cap · market cap 4.84%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.71M

$1.50M – $2.00M (±1% cap)

NOI $120,048 @ 7.0% cap · market cap 8.57%

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

Ashman Strength System Gym & Fitness Center Shea Gordon Art Gallery Off Planet Corporate Office Dead Sea Artworks ... Art Gallery Phlogistix Research Foundation

Suggested Use

Top Pick Veterinary Clinic Auto Parts Store (Bike/Boat/Book/etc) Store Pet Grooming Service Butcher Clothing & Fashion Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

5,385

Businesses Nearby

54k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Hotels & Casinos 41% Shops & Services 39% Apparel 10% Office Supplies 7%

Hampton Inn & Suites Kansas City Downtown/Crossroads Hotels & Casinos

13,802 visits/mo 0.5 miles

Sinclair Shops & Services

9,421 visits/mo 0.4 miles

Rally House Apparel

5,253 visits/mo 0.5 miles

Holiday Inn Express Kansas City Downtown Hotels & Casinos

4,489 visits/mo 0.4 miles

Hotel Indigo Crossroads KC Hotels & Casinos

3,811 visits/mo 0.5 miles

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

Market

Vacancy Rate% for Retail in Kansas City, MO

7.7% 2019

8.4% 2020

7.3% 2021

6.6% 2022

6.6% 2023

5.5% 2024

6.3% 2025

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Frequently Asked Questions

What type of property is this?

Retail space - Retail space features high ceilings, large windows, and an open layout with natural light.

Where is this retail space located?

The property is located at 1714 Holmes St Kansas City, MO.

What is the asking price?

The asking price for this property is $1,400,000.

What are key features of this property?

This property features: Retail space with high ceilings; Large windows provide ample natural light; Open layout