For-Sale Retail
2801 Nicholson Ave. & 840 N Chestnut Ave Kansas City, MO 64127
For Sale
Contact for pricing
For-sale retail property listed at two addresses, totaling 971 square feet.
Property Size971 SF
Price / SF$308.96
Days on Market8
Property Features for 2801 Nicholson Ave. & 840 N Chestnut Ave
General Information
Standard status
Active
Size
971 SF
Property subtype
Retail
Listing Agency:
Block & Company Inc
(816) 753-6000
Listed By:
Josh Rothschild · License #KS
Source:
Crexi
Added: Jul 23
Changed: Jul 28
Last Checked: Jul 30 at 6:04AM
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 for-sale retail space is offered as a single asset totaling 971 square feet.
The property is described with two street addresses: 2801 Nicholson Ave. and 840 N. Chestnut Ave. in Kansas City, Missouri. The listing does not provide additional information on the interior layout, condition, current tenant status, or specific merchandising or service configuration.
Prospective buyers should review the full offering materials for details on the building improvements, accessibility, and any income or operational considerations associated with the space.
The property is described with two street addresses: 2801 Nicholson Ave. and 840 N. Chestnut Ave. in Kansas City, Missouri. The listing does not provide additional information on the interior layout, condition, current tenant status, or specific merchandising or service configuration.
Prospective buyers should review the full offering materials for details on the building improvements, accessibility, and any income or operational considerations associated with the space.
Key Highlights
- For‑sale retail property at 2801 Nicholson Ave., Kansas City, MO 64120
- Offered at two addresses combined for a total of 971 SF
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $13.6k | $14.04 |
| − Vacancy | −$586 | −$0.60 |
| EGI | $13.0k | $13.44 |
| − OpEx | −$3.9k | −$4.03 |
| NOI | $9.1k | $9.41 |
971 SF · lease $14.04/SF/yr · vacancy 4.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$130.5K
$114.2K – $152.2K
NOI $9,133 @ 7.0% cap · market cap 3.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$231.3K
$202.4K – $269.8K
NOI $16,190 @ 7.0% cap · market cap 5.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - For-sale retail property listed at two addresses, totaling 971 square feet.
Where is this retail space located?
The property is located at 2801 Nicholson Ave. & 840 N Chestnut Ave Kansas City, MO.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: For‑sale retail property at 2801 Nicholson Ave., Kansas City, MO 64120; Offered at two addresses combined for a total of 971 SF
