Concrete-and-Masonry Mixed-Use
For Sale
Contact for pricing
200 Wyandotte Street, Kansas City, MO 64105
The 1910 building has M1-5 zoning and sits steps from the KC Streetcar in Kansas City’s River Market district.
Property Size11,200 SF
Price / SF$100
Days on Market8
Property Features for 200 Wyandotte Street
General Information
Standard status
Active
Size
11,200 SF
Total Parking Spaces
14
Property subtype
Retail, Office, Industrial
Zoning
M1-5
Investment Type
Redevelopment
Building Details
Year Built
1910
Buildings
1
Construction
concrete and masonry
Listing Agency:
The Tiehen Group, Inc.
Listed By:
Jack McGuire · License #00251236
Source:
Crexi
Added: Aug 4
Changed: Aug 11
Last Checked: Aug 11 at 5:28AM
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 The Tiehen Group, Inc.
Investment Insights
Based on property information with market context.
Located at 200 Wyandotte Street in Kansas City’s River Market district, this mixed-use property is a 1910 concrete-and-masonry building with M1-5 zoning. The structure previously served as home to GYMKC and offers a distinctive commercial setting with flexible positioning for creative concepts or redevelopment.
The property is surrounded by thousands of residential units, restaurants, retail businesses, and an expanding office presence. Its location steps from the KC Streetcar adds transit access within one of Kansas City’s active mixed-use districts. The combination of durable construction, established urban context, and industrial zoning creates a property suited to a range of commercial strategies.
The property is surrounded by thousands of residential units, restaurants, retail businesses, and an expanding office presence. Its location steps from the KC Streetcar adds transit access within one of Kansas City’s active mixed-use districts. The combination of durable construction, established urban context, and industrial zoning creates a property suited to a range of commercial strategies.
Key Highlights
- 1910 construction with concrete‑and‑masonry building materials
- M1‑5 zoning
- Steps from the KC Streetcar
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
$87,744
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
7.83%
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%
$1,754,880
$1.8M
Cap Rate 7%
$1,253,486
$1.3M
Cap Rate 9%
$974,933
$974.9K
Market Conditions
NOI Build-Up for 11,200 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
$145.2K $12.96/SF
− Vacancy
−$10.2K −$0.91/SF
EGI
$135.0K $12.05/SF
− OpEx
−$47.2K −$4.22/SF
NOI
$87.7K $7.83/SF
Area
Kansas City, MO
Vacancy
7.00%
Lease Rate
$12.96 /SF/Yr
Expense Ratio
35.00%
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%
$1,754,880
Cap Rate 7%
$1,253,486
Cap Rate 9%
$974,933
Alternative Uses
Best Use
Mixed Use
$1.76M
$1.54M – $2.05M
NOI $123,228 @ 7.0% cap · market cap 11.00%
Second Best
Flex RnD
$1.25M
$1.10M – $1.46M
NOI $87,744 @ 7.0% cap · market cap 7.83%
Theoretical Best
Office A
$2.67M
$2.33M – $3.11M
NOI $186,741 @ 7.0% cap · market cap 16.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,334
Businesses Nearby
Explore this area
Business Placement
Demographics for 64105, MO
6,424
Population
4,673
Households
1.4
Avg Household Size
30
Median Age
69%
College-Educated
99%
High-School Grad
0.8 sq mi
ZIP Area
8,030
Density / Sq Mi
$65,435
Median Household Income
$59,983
Median Earnings
$1,558
Median Rent
$228,400
Median Home Value
Market
Vacancy Rate% for Industrial in Kansas City, MO
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - The 1910 building has M1-5 zoning and sits steps from the KC Streetcar in Kansas City’s River Market district.
Where is this mixed-use property located?
The property is located at 200 Wyandotte Street Kansas City, MO.
What is the asking price?
The asking price for this property is $1,120,000.
What are key features of this property?
This property features: 1910 construction with concrete‑and‑masonry building materials; M1‑5 zoning; Steps from the KC Streetcar
