Stand-Alone Drive-Through
For Sale
Contact for pricing
3134 Prospect Ave, Kansas City, MO 64128
Operating restaurant facility with a built-out commercial kitchen and MUC zoning at a signalized corner intersection.
Property Size3,350 SF
Lot Size0.61 Acres
Price / SF$358.21
Days on Market104
Property Features for 3134 Prospect Ave
General Information
Standard status
Active
Size
3,350 SF
Lot size
0.61 Acres
Property subtype
RETAIL
Zoning
MUC
Restaurant
Commercial Hood
Yes
Grease Trap
Yes
Additional Details
Drive-Thru
Yes
Listing Agency:
Shawver Group
(816) 213-9578
Listed By:
Monica Enloe · License #00241470
(913) 961-5314
Source:
Moodyscre
Added: May 22
Changed: Sep 2
Last Checked: Sep 1 at 11:16PM
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 Shawver Group
Investment Insights
Based on property information with market context.
This stand-alone restaurant contains approximately 3,350 square feet on a 0.61-acre corner parcel. The property includes a drive-through and a fully built-out kitchen equipped with an oversized hood and grease trap. The tenant remains open and operating.
Situated at a signalized intersection on Prospect Ave in Kansas City, the property is positioned among multiple redeveloped centers and national tenants. MUC, or Mixed Use Commercial, zoning applies to the site.
Situated at a signalized intersection on Prospect Ave in Kansas City, the property is positioned among multiple redeveloped centers and national tenants. MUC, or Mixed Use Commercial, zoning applies to the site.
Key Highlights
- Approximately 3,350 SF stand‑alone restaurant
- Drive‑through facility on a 0.61‑acre corner lot
- Signalized intersection location at 3134 Prospect Ave
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
$38,897
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
3.24%
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%
$777,940
$777.9K
Cap Rate 7%
$555,671
$555.7K
Cap Rate 9%
$432,189
$432.2K
Market Conditions
NOI Build-Up for 3,350 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
$53.5K $15.96/SF
− Vacancy
−$1.6K −$0.48/SF
EGI
$51.9K $15.48/SF
− OpEx
−$13.0K −$3.87/SF
NOI
$38.9K $11.61/SF
Area
Kansas City, MO
Vacancy
3.00%
Lease Rate
$15.96 /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%
$777,940
Cap Rate 7%
$555,671
Cap Rate 9%
$432,189
Alternative Uses
Best Use
Specialty Retail
$555.7K
$486.2K – $648.3K
NOI $38,897 @ 7.0% cap · market cap 3.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$797.9K
$698.2K – $930.9K
NOI $55,855 @ 7.0% cap · market cap 4.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Commercial hood
Yes
Grease trap
Location Intelligence
Trade Area within ½ mile
489
Businesses Nearby
61k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 46%
Dining 33%
Apparel 20%
Electronics 2%
Popeyes Louisiana Kitchen
Dining
12,431 visits/mo
0.1 miles
Shell
Shops & Services
9,346 visits/mo
0.3 miles
BP
Shops & Services
6,271 visits/mo
0.5 miles
Arvest Bank
Shops & Services
4,391 visits/mo
0.1 miles
AutoZone
Shops & Services
4,290 visits/mo
0.1 miles
Demographics for 64128, MO
11,872
Population
6,681
Households
1.8
Avg Household Size
37
Median Age
10%
College-Educated
85%
High-School Grad
3.0 sq mi
ZIP Area
3,957
Density / Sq Mi
$35,257
Median Household Income
$31,227
Median Earnings
$926
Median Rent
$64,800
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?
Drive through restaurant - Operating restaurant facility with a built-out commercial kitchen and MUC zoning at a signalized corner intersection.
Where is this drive through restaurant located?
The property is located at 3134 Prospect Ave Kansas City, MO.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Approximately 3,350 SF stand‑alone restaurant; Drive‑through facility on a 0.61‑acre corner lot; Signalized intersection location at 3134 Prospect Ave
