Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Storefront with Apartments Title is generated by Realmo AI

    1806 W 45th Street, Kansas City, MO 64111

    View on Map
    Claim this Listing
    For Sale
    $1,950,000

    SINGLE_FAMILY - Kansas City, MO

    Type:Retail
    Lot size:
    0.19 Acres
    Added:
    Apr 7, 2026
    Days on Market:
    38
    Last Refresh:
    May 14 at 7:06 am

    Property Features for 1806 W 45th Street

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Zoning
    Retail
    Parking features
    Parking Lot, Garage
    Interior features
    In-Law Floorplan
    Exterior features
    Building Sign
    Standard status
    Active
    APN
    30-420-08-14-00-0-00-000
    Lot size
    0.19 Acres

    Taxes and HOA fees

    Tax Description
    VOGLE HEIGHTS NO 2 LOTS 77 & 78
    Tax Annual Amount
    24474

    Building Details

    Year built
    1920
    Floors in Building
    2

    We can help!

    Listing Contact
    David Costello

    Listing agent David Costello License #BR00018921

    Listing office RE/MAX Premier Realty 2210 W 75th St, Prairie Village, MO

    Listing date Apr 7, 2026

    MLS# 2612546

    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.

    HighLights

    • High rental income potential: Last rental was $8000 for the storefront and $1500 per month per apartment.
    • Retail storefront with two apartments provides diversified income streams.
    • Prime corner location at State Line and 45th Street.
    • Includes a garage and parking lot.
    • Features a building sign for enhanced visibility.
    • In‑law floorplan available.

    Overview

    This mixed-use property features a retail storefront with two apartments located on the second floor. Situated on the corner of State Line and 45th Street in Kansas City, Missouri, the property is zoned for retail use. The lot size is approximately 0.1896 acres. The last rental income was $8,000 for the three storefronts, with each of the two apartments renting for $1,500 per month.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Law Firm Dental Office Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Kansas City
    County
    Platte
    State
    Missouri
    Longitude
    -94.607101
    Latitude
    39.046647

    Nearby Similar for Sale

    • $595,000
      2,000 SF

      Commercial Property on Busy Intersection

      Commercial opportunity on 0.24 acres at a busy intersection.
      7101 Troost Avenue, Kansas City, MO 64131
      View Details
    • $1,250,000
      2,778 SF

      Blue Ridge Blvd Redevelopment Opportunity

      Portfolio of three properties on high-visibility Blue Ridge Blvd.
      11810 Blue Ridge Boulevard, Kansas City, MO 64134
      View Details
    • $695,000
      3,816 SF

      Industrial Building with Fenced Yard

      Move-in-ready warehouse/shop with outdoor storage in established industrial corridor.
      7900 E 17th Street, Kansas City, MO 64126
      View Details
    • $275,000
      6,000 SF

      Commercial Space in Kansas City

      Versatile commercial space with high visibility and ample parking.
      7947 PROSPECT Avenue, Kansas City, MO 64132
      View Details
    • $450,000

      Versatile Commercial Property in Kansas

      Well-maintained commercial property with flexible layout and excellent connectivity.
      7315 Sni A Bar Road, Kansas City, MO 64129
      View Details
    • $595,000
      2,600 SF

      Restored Multifamily in South Hyde Park

      Meticulously restored two-story complex in historic South Hyde Park.
      901 E 39th Street, Kansas City, MO 64109
      View Details
    • $459,999
      7,500 SF

      Versatile Commercial Property Near I-70

      Centrally located commercial property suitable for various business uses.
      3812 Bennington Avenue, Kansas City, MO 64129
      View Details
    • $429,999
      3,012 SF

      Rehabbed Duplex Near Country Club Plaza

      Turnkey duplex near Plaza, Brookside, and UMKC.
      5025 Lydia Avenue, Kansas City, MO 64110
      View Details
    • $225,000
      3,094 SF

      Warehouse Lot with Brick Inventory

      26,470 SqFt lot with building and equipment included.
      410 N Olive Street N, Kansas City, MO 64120
      View Details
    • $950,000

      Secure Lot with Office Space

      High-visibility lot with office, storage, and highway access.
      6850 E Front Street, Kansas City, MO 64120
      View Details
    • $389,000
      1,200 SF

      Remodeled Homes on 1.5 Acres

      Two remodeled homes on 1.5 acres near I-29.
      2308 NW 53rd Terrace, Kansas City, MO 64151
      View Details
    • $290,000

      Restaurant Opportunity in Kansas City

      Equipped restaurant and real estate for sale in Kansas City.
      6836 Prospect Avenue, Kansas City, MO 64132
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Retail storefront with two apartments on the second floor.
    Where is this mixed-use property located?
    The property is located at 1806 W 45th Street Kansas City, MO.
    What is the asking price?
    The asking price for this property is $1,950,000.
    What are key features of this property?
    This property features: High rental income potential: Last rental was $8000 for the storefront and $1500 per month per apartment.; Retail storefront with two apartments provides diversified income streams.; Prime corner location at State Line and 45th Street.
    (816) 591-3186
    We can help!
    Listing Contact
    David Costello
    Real Estate License ID: BR00018921
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    1806 W 45th Street, Kansas City, MO 64111
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!