For-Sale Office
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201 W 39th St, Kansas City, MO 10001
For sale office building at 201 W 39th St in Kansas City, MO.
Property Size1,780 SF
Price / SF$308.99
Days on Market62
Property Features for 201 W 39th St
General Information
Standard status
Active
Size
1,780 SF
Property subtype
Office
Zoning
B3-2
Lease Type
NNN
Building Details
Tenancy
Single
Listing Agency:
LS Commercial Real Estate Services Inc
Listed By:
John Smith · License #MO 1999131308
Source:
Crexi
Added: Jul 18
Changed: Sep 15
Last Checked: Sep 16 at 3:23PM
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 LS Commercial Real Estate Services Inc
Investment Insights
Based on property information with market context.
This for-sale office building is located at 201 W 39th St in Kansas City, Missouri, and is offered as a commercial real estate opportunity. The property includes approximately 1,780 square feet of space.
The offering is listed under the office building and office space property types, with the provided address serving as the primary identifying information.
For additional details beyond the building’s size and address, please request the full offering materials.
The offering is listed under the office building and office space property types, with the provided address serving as the primary identifying information.
For additional details beyond the building’s size and address, please request the full offering materials.
Key Highlights
- Office building for sale at 201 W 39th St, Kansas City, MO 10001
- Commercial office property in Kansas City, Missouri
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
$25,148
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
4.57%
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%
$502,960
$503.0K
Cap Rate 7%
$359,257
$359.3K
Cap Rate 9%
$279,422
$279.4K
Market Conditions
NOI Build-Up for 1,780 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
$40.2K $22.56/SF
− Vacancy
−$6.6K −$3.72/SF
EGI
$33.5K $18.84/SF
− OpEx
−$8.4K −$4.71/SF
NOI
$25.1K $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 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%
$502,960
Cap Rate 7%
$359,257
Cap Rate 9%
$279,422
Alternative Uses
Best Use
Office B
$359.3K
$314.4K – $419.1K
NOI $25,148 @ 7.0% cap · market cap 4.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$424.0K
$371.0K – $494.6K
NOI $29,678 @ 7.0% cap · market cap 5.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,887
Businesses Nearby
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Business Placement
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Market
Vacancy Rate% for Office in Kansas City, MO
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Frequently Asked Questions
What type of property is this?
Office building - For sale office building at 201 W 39th St in Kansas City, MO.
Where is this office building located?
The property is located at 201 W 39th St Kansas City, MO.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Office building for sale at 201 W 39th St, Kansas City, MO 10001; Commercial office property in Kansas City, Missouri
