Office Building with Private
For Sale
Contact for pricing
322 Southwest Blvd, Kansas City, MO 64108
Multi-floor office property with furnished interiors, secured access, and flexible workspace configuration.
Property Size6,500 SF
Price / SF$327.38
Days on Market363
Property Features for 322 Southwest Blvd
General Information
Standard status
Active
Size
6,500 SF
Net Rentable
4,500 SF
Property subtype
OFFICE
Additional Details
Furnished
Yes
Amenities
high end finishes
large offices
conference room
kitchenettes
cocktail bar
private balconies
secured entrances
Building Details
Buildings
1
Building Size
6,500 SF
Listing Agency:
Block & Company, Inc.
(816) 753-6000
Listed By:
Coltin Diehl · License #00249262
(816) 412-7339
Source:
Moodyscre
Added: Sep 5, 2025
Changed: Aug 30
Last Checked: Sep 1 at 8:52PM
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 multi-floor office property includes 6,500 SF of total building area and 4,500 SF of leasable space, with furniture, fixtures, and equipment included. The layout features 3 large offices, a conference room, 2 kitchenettes, and a cocktail bar, with capacity to add 8+ cubicles. An additional 850+/- SF mezzanine expands the usable configuration, while high-end finishes support a polished professional setting.
Two private balconies provide views toward Downtown KC and the Crossroads District. Separate secured entrances with key fob access add controlled entry for occupants and visitors. The property is located at 322 Southwest Blvd in Kansas City, Missouri, within the Central Crossroads area.
Two private balconies provide views toward Downtown KC and the Crossroads District. Separate secured entrances with key fob access add controlled entry for occupants and visitors. The property is located at 322 Southwest Blvd in Kansas City, Missouri, within the Central Crossroads area.
Key Highlights
- 6,500 SF total building with 4,500 SF of leasable space
- 850+/- SF mezzanine adds flexible workspace
- 3 large offices, conference room, 2 kitchenettes, and 1 cocktail bar
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
$91,833
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
4.32%
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%
$1,836,660
$1.8M
Cap Rate 7%
$1,311,900
$1.3M
Cap Rate 9%
$1,020,367
$1.0M
Market Conditions
NOI Build-Up for 6,500 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
$146.6K $22.56/SF
− Vacancy
−$24.2K −$3.72/SF
EGI
$122.4K $18.84/SF
− OpEx
−$30.6K −$4.71/SF
NOI
$91.8K $14.13/SF
Area
Kansas City, MO
Vacancy
16.50%
Lease Rate
$22.56 /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%
$1,836,660
Cap Rate 7%
$1,311,900
Cap Rate 9%
$1,020,367
Alternative Uses
Best Use
Office B
$1.31M
$1.15M – $1.53M
NOI $91,833 @ 7.0% cap · market cap 4.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.55M
$1.35M – $1.81M
NOI $108,376 @ 7.0% cap · market cap 5.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,130
Businesses Nearby
Explore this area
Business Placement
Demographics for 64108, MO
9,839
Population
6,141
Households
1.6
Avg Household Size
35
Median Age
51%
College-Educated
90%
High-School Grad
3.7 sq mi
ZIP Area
2,659
Density / Sq Mi
$74,462
Median Household Income
$53,521
Median Earnings
$1,422
Median Rent
$286,300
Median Home Value
Market
Vacancy Rate% for Office in Kansas City, MO
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Multi-floor office property with furnished interiors, secured access, and flexible workspace configuration.
Where is this office building located?
The property is located at 322 Southwest Blvd Kansas City, MO.
What is the asking price?
The asking price for this property is $2,128,000.
What are key features of this property?
This property features: 6,500 SF total building with 4,500 SF of leasable space; 850+/- SF mezzanine adds flexible workspace; 3 large offices, conference room, 2 kitchenettes, and 1 cocktail bar
