For-Sale Retail
For Sale
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2801 Nicholson Avenue, Kansas City, MO 64127
For-sale retail property listed at two addresses, totaling 971 square feet.
Property Size971 SF
Price / SF$293.51
Days on Market78
Property Features for 2801 Nicholson Avenue
General Information
Standard status
Active
Size
971 SF
Property subtype
Retail
Investment Type
Owner/User
Building Details
Buildings
1
Listing Agency:
Block & Company Inc
Listed By:
Josh Rothschild · License #KS
(816) 412-7348
Source:
Crexi
Added: Jul 23
Changed: Oct 2
Last Checked: Oct 7 at 11:43AM
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 / Yr
$9,133
Cap Rate
3.20%
Suggested Prices Based on Cap Rates
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
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 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 3.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$231.3K
$202.4K – $269.8K
NOI $16,190 @ 7.0% cap · market cap 5.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
227
Businesses Nearby
Explore this area
Business Placement
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
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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 Avenue Kansas City, MO.
What is the asking price?
The asking price for this property is $285,000.
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
