Mixed-Use Property with Event
For Sale
$1,990,000
313 N 10 Street, Kansas City, KS 66102
Business Opportunity, Kansas City, KS
Property Size11,010 SF
Lot Size1.02 Acres
Price / SF$180.74
Days on Market96
Property Features for 313 N 10 Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C
Parking features
Parking Lot
Subdivision
Forest Grove
Directions
Building / site is on the southeast corner of N 10th St & Splitlog Ave approximately 5-miles west of I-670.
Standard status
Active
APN
092865
Lot size
1.02 Acres
Taxes and HOA fees
Tax Description
FOREST GROVE & 0929, S9, T11, R25, ACRES 1.020000, B3 W 20FT L17 & ALL L18 TO L30
Tax Annual Amount
21569
Legal Description
FOREST GROVE & 0929, S9, T11, R25, ACRES 1.020000, B3 W 20FT L17 & ALL L18 TO L30
Utilities
Utilities
Natural Gas Available
Building Details
Year built
1910
Floors in Building
2
Listing Agency:
Platinum Realty LLC
(888) 220-0988
Listed By:
Christopher Beshore
(816) 289-1521
Added: Jul 1
Changed: Sep 2
Last Checked: Oct 4 at 7:06PM
MLS# 2629254
Copyright © 2026 Heartland Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1910, this 11,010 SF mixed-use property is fully occupied and organized around several operating components. The building includes an event space with a bridal suite, six studio office spaces, three studio apartments, one one-bedroom apartment, and seven storage units. A parking lot serves the property, and natural gas is available.
The sale also includes 1.0176 acres of additional land. Plans are available for two four-unit quadplexes, representing eight additional residential units and residential development potential. The property is zoned C and located at 313 N 10 Street in Kansas City, Kansas, within Wyandotte County.
The sale also includes 1.0176 acres of additional land. Plans are available for two four-unit quadplexes, representing eight additional residential units and residential development potential. The property is zoned C and located at 313 N 10 Street in Kansas City, Kansas, within Wyandotte County.
Key Highlights
- 11,010 SF mixed‑use building with 100% occupancy
- Event space with bridal suite, six studio offices, and seven storage units
- Residential component includes three studio apartments and one 1‑bedroom apartment
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
$109,544
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
5.50%
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%
$2,190,880
$2.2M
Cap Rate 7%
$1,564,914
$1.6M
Cap Rate 9%
$1,217,156
$1.2M
Market Conditions
NOI Build-Up for 11,010 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
$198.2K $18.00/SF
− Vacancy
−$52.1K −$4.73/SF
EGI
$146.1K $13.27/SF
− OpEx
−$36.5K −$3.32/SF
NOI
$109.5K $9.95/SF
Area
Kansas City, KS
Vacancy
26.30%
Lease Rate
$18.00 /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%
$2,190,880
Cap Rate 7%
$1,564,914
Cap Rate 9%
$1,217,156
Alternative Uses
Best Use
Office B
$1.56M
$1.37M – $1.83M
NOI $109,544 @ 7.0% cap · market cap 5.50%
Second Best
Mixed Use
$1.49M
$1.30M – $1.73M
NOI $104,045 @ 7.0% cap · market cap 5.23%
Theoretical Best
Office A
$1.82M
$1.60M – $2.13M
NOI $127,683 @ 7.0% cap · market cap 6.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
6
Office units
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,311
Businesses Nearby
Explore this area
Business Placement
Demographics for 66102, KS
30,730
Population
11,481
Households
2.7
Avg Household Size
31
Median Age
12%
College-Educated
71%
High-School Grad
11.5 sq mi
ZIP Area
2,672
Density / Sq Mi
$52,218
Median Household Income
$31,913
Median Earnings
$1,020
Median Rent
$105,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Occupied building combines event, office, apartment, and storage components across a diversified commercial layout.
Where is this mixed-use property located?
The property is located at 313 N 10 Street Kansas City, KS.
What is the asking price?
The asking price for this property is $1,990,000.
What are key features of this property?
This property features: 11,010 SF mixed‑use building with 100% occupancy; Event space with bridal suite, six studio offices, and seven storage units; Residential component includes three studio apartments and one 1‑bedroom apartment
