Commercial Property in Kansas
For Sale
Contact for pricing
Pending
22 W 63rd St, Kansas City, MO 64113
6,265 SF commercial property available for sale.
Property Size6,265 SF
Days on Market825
Property Features for 22 W 63rd St
General Information
Standard status
Pending
Size
6,265 SF
Property subtype
Retail, Office
Zoning
CC
Lease Type
NNN
Investment Type
Owner/User
Building Details
Stories
2
Listing Agency:
Block & Company Inc
(816) 412-7400
Listed By:
Ryan Cline · License #2024035784
Source:
Crexi
Added: May 22, 2024
Changed: Aug 8
Last Checked: Aug 24 at 12:03AM
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 Block & Company Inc
Investment Insights
Based on property information with market context.
This commercial property, located in Kansas City, Missouri, offers 6,265 square feet of space. It is suitable for retail, office, and other commercial uses.
Key Highlights
- No property information was provided to analyze.
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
$88,513
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
2.95%
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%
$1,770,260
$1.8M
Cap Rate 7%
$1,264,471
$1.3M
Cap Rate 9%
$983,478
$983.5K
Market Conditions
NOI Build-Up for 6,265 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
$141.3K $22.56/SF
− Vacancy
−$23.3K −$3.72/SF
EGI
$118.0K $18.84/SF
− OpEx
−$29.5K −$4.71/SF
NOI
$88.5K $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%
$1,770,260
Cap Rate 7%
$1,264,471
Cap Rate 9%
$983,478
Alternative Uses
Best Use
Office B
$1.26M
$1.11M – $1.48M
NOI $88,513 @ 7.0% cap · market cap 2.95%
Second Best
Retail
$841.8K
$736.6K – $982.1K
NOI $58,925 @ 7.0% cap · market cap 1.96%
Theoretical Best
Office A
$1.49M
$1.31M – $1.74M
NOI $104,458 @ 7.0% cap · market cap 3.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,113
Businesses Nearby
Explore this area
Business Placement
Demographics for 64113, MO
12,039
Population
4,912
Households
2.5
Avg Household Size
42
Median Age
88%
College-Educated
100%
High-School Grad
2.5 sq mi
ZIP Area
4,816
Density / Sq Mi
$179,593
Median Household Income
$87,737
Median Earnings
$2,307
Median Rent
$483,600
Median Home Value
Market
Vacancy Rate% for Office in Kansas City, MO
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail property - 6,265 SF commercial property available for sale.
Where is this retail property located?
The property is located at 22 W 63rd St Kansas City, MO.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: No property information was provided to analyze.
