For-Sale Retail
For Sale
Contact for pricing
2801 Nicholson Ave. & 840 N Chestnut Ave, Kansas City, MO 64127
For-sale retail property listed at two addresses, totaling 971 square feet.
Property Size971 SF
Price / SF$308.96
Days on Market27
Property Features for 2801 Nicholson Ave. & 840 N Chestnut Ave
General Information
Standard status
Active
Size
971 SF
Property subtype
Retail
Investment Type
Value Add
Listing Agency:
Block & Company Inc
(816) 753-6000
Listed By:
Josh Rothschild · License #KS
Source:
Crexi
Added: Jul 23
Changed: Aug 15
Last Checked: Aug 17 at 10:55AM
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
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
$9,133
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
3.04%
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%
$182,660
$182.7K
Cap Rate 7%
$130,471
$130.5K
Cap Rate 9%
$101,478
$101.5K
Market Conditions
NOI Build-Up for 971 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
$13.6K $14.04/SF
− Vacancy
−$586 −$0.60/SF
EGI
$13.0K $13.44/SF
− OpEx
−$3.9K −$4.03/SF
NOI
$9.1K $9.41/SF
Area
Kansas City, MO
Vacancy
4.30%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
30.00%
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%
$182,660
Cap Rate 7%
$130,471
Cap Rate 9%
$101,478
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
Current Use
Location Intelligence
Trade Area within ½ mile
380
Businesses Nearby
9k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
BP
Shops & Services
5,368 visits/mo
0.2 miles
Conoco
Shops & Services
4,113 visits/mo
0.4 miles
Demographics for 64127, MO
17,191
Population
8,884
Households
1.9
Avg Household Size
34
Median Age
7%
College-Educated
72%
High-School Grad
4.2 sq mi
ZIP Area
4,093
Density / Sq Mi
$32,179
Median Household Income
$29,382
Median Earnings
$886
Median Rent
$59,300
Median Home Value
Market
Vacancy Rate% for Retail 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?
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
