Midtown Office Building For
3131 Broadway Blvd, Kansas City, MO
Call to check price and availability
Prime Midtown location with convenient access and high visibility.
Type:OFFICE
Property size:
22,000 SFLot size:
1.24 AcresPrice / SF:
$179/SF- Added:
- Aug 14, 2025
- Days on Market:
- 281
- Last Refresh:
- Apr 5 at 9:33 pm
Property Features for 3131 Broadway Blvd
General Information
- Standard status
- Active
- Size
- 22,000 SF
- Lot size
- 1.24 Acres
- Property subtype
- OFFICE
Listing agent Ryan Biery License #SP00232262 (913) 908-7316
Listing office Colliers | Kansas City (913) 908-7316
Listing date Aug 14, 2025
Source Moodyscre
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 Colliers | Kansas City
HighLights
- Prime Midtown location with convenient access to major thoroughfares and the streetcar line.
- Oversized 1.24‑acre lot with abundant parking (84 spaces) and expansion potential.
- Opportunity for highly visible building signage along Broadway.
- Well‑maintained building with recent renovation (2004) by a single owner for 20+ years.
- Owner‑financing considered by the seller.
- Located near key amenities, Country Club Plaza, Crossroads, and Central Business District.
Overview
The property at 3131 Broadway Blvd presents an opportunity for an owner-occupant to acquire property in a central Midtown location. The building, totaling approximately 22,000 square feet, is situated on a 1.24-acre lot. Constructed in 1958 and renovated in 2004, the property has been maintained by a single owner for over 20 years. It features 84 parking spaces. The location provides convenient access to I-35 and other major thoroughfares. The property is located one block west of the extended streetcar line, surrounded by amenities, and minutes from the Country Club Plaza, Crossroads, and Central Business District. The building allows for highly visible signage along the Broadway corridor. The oversized lot offers abundant parking and the potential to expand the existing building structure. Seller will consider owner-financing.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$3.45M
NOI $310,820 @ 9.00% cap · cautious / downside scenario
Moderate
$4.44M
NOI $310,820 @ 7.00% cap · market / base-case scenario
Aggressive
$6.22M
NOI $310,820 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $496.3k | $22.56 |
| − Vacancy | −$81.9k | −$3.72 |
| EGI | $414.4k | $18.84 |
| − OpEx | −$103.6k | −$4.71 |
| NOI | $310.8k | $14.13 |
22,000 SF · lease $22.56/SF/yr · vacancy 16.50% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$4.44M
$3.89M – $5.18M
NOI $310,820 @ 7.0% cap · market cap 7.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.24M
$4.59M – $6.11M
NOI $366,812 @ 7.0% cap · market cap 9.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
S&B Engineers & Constructors
Engineering Consultant
B & a Inc
Engineer
Location Insight
- Map
- Local Demand
- City
- Kansas City
- County
- Platte
- State
- Missouri
- Longitude
- -94.5891
- Latitude
- 39.0698
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Prime Midtown location with convenient access and high visibility.
Where is this office building located?
The property is located at 3131 Broadway Blvd Kansas City, MO.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: Prime Midtown location with convenient access to major thoroughfares and the streetcar line.; Oversized 1.24‑acre lot with abundant parking (84 spaces) and expansion potential.; Opportunity for highly visible building signage along Broadway.
