Crossroads Arts District Mixed-Use
For Sale
Contact for pricing
2018 Main Street Kansas City, Kansas City, MO 64108
Mixed-use property in Kansas City's Crossroads Arts District.
Property Size18,600 SF
Price / SF$225.81
Days on Market173
Property Features for 2018 Main Street Kansas City
General Information
Standard status
Active
Size
18,600 SF
Class
B
Property subtype
Business for Sale, Hospitality, Mixed Use, Office, Retail
Investment Type
Value Add
Building Details
Units
4
Listing Agency:
Crossroads Real Estate Group
(816) 298-9998
Listed By:
Sam Hagan · License #2019020815
Source:
Crexi
Added: Mar 3
Changed: Aug 14
Last Checked: Aug 20 at 8:48PM
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 Crossroads Real Estate Group
Investment Insights
Based on property information with market context.
Located in the heart of Kansas City’s Crossroads Arts District, 2018 Main Street is a mixed-use property that was originally constructed in 1915 and has been thoughtfully renovated. The building has approximately 18,600 square feet of gross area and 12,414 square feet of net rentable area. The property benefits from its location directly on the KC Streetcar line, providing visibility, walkability, and connectivity to the Power & Light District, Union Station, Crown Center, and the T-Mobile Center. The asset features a diversified income profile with hospitality and office components. It also includes an elevator-served rooftop amenity deck with bar infrastructure and on-site garage parking.
Key Highlights
- Located directly on the KC Streetcar line in the Crossroads Arts District, offering exceptional visibility, walkability, and connectivity.
- Mixed‑use asset with diversified income profile from hospitality and office components.
- Elevator‑served rooftop amenity deck with bar infrastructure.
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
$204,647
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
4.87%
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%
$4,092,940
$4.1M
Cap Rate 7%
$2,923,529
$2.9M
Cap Rate 9%
$2,273,856
$2.3M
Market Conditions
NOI Build-Up for 18,600 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
$363.8K $19.56/SF
− Vacancy
−$36.4K −$1.96/SF
EGI
$327.4K $17.60/SF
− OpEx
−$122.8K −$6.60/SF
NOI
$204.6K $11.00/SF
Area
Kansas City, MO
Vacancy
10.00%
Lease Rate
$19.56 /SF/Yr
Expense Ratio
37.50%
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%
$4,092,940
Cap Rate 7%
$2,923,529
Cap Rate 9%
$2,273,856
Alternative Uses
Best Use
Mixed Use
$2.92M
$2.56M – $3.41M
NOI $204,647 @ 7.0% cap · market cap 4.87%
Second Best
Hotel Hospitality
$1.67M
$1.46M – $1.94M
NOI $116,622 @ 7.0% cap · market cap 2.78%
Theoretical Best
Office A
$4.43M
$3.88M – $5.17M
NOI $310,123 @ 7.0% cap · market cap 7.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
6,373
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property in Kansas City's Crossroads Arts District.
Where is this mixed-use property located?
The property is located at 2018 Main Street Kansas City Kansas City, MO.
What is the asking price?
The asking price for this property is $4,200,000.
What are key features of this property?
This property features: Located directly on the KC Streetcar line in the Crossroads Arts District, offering exceptional visibility, walkability, and connectivity.; Mixed‑use asset with diversified income profile from hospitality and office components.; Elevator‑served rooftop amenity deck with bar infrastructure.
