Downtown Storefront With Exposed
For Sale
$99,900
323 S Hudson Street, Buckner, MO 64016
COMMERCIAL - Buckner, MO
Property Size1,300 SF
Lot Size0.07 Acres
Price / SF$76.85
Days on Market71
Property Features for 323 S Hudson Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C2
Parking features
On Street
Directions
From 24 Highway in Independence go East into Buckner, turn righ on to S Hudson Street, property is on the left. From I-70 go East to Buckner/Grain Valley exit and turn left/North and travel into Buckner, turn left onto Adams Street, then left onto S Hudson Street, address is on the left.
Subdivision
206 - Independence Area
Standard status
Active
APN
19-310-19-11-00-0-00-000
Lot size
0.07 Acres
Taxes and HOA fees
Tax Description
BUCKNER N 4.5' LOT 22 & ALL LOT 23 BLK 16 (EX N 11.5')
Tax Annual Amount
4804
Legal Description
BUCKNER N 4.5' LOT 22 & ALL LOT 23 BLK 16 (EX N 11.5')
Utilities
Utilities
Water Available
Building Details
Year built
1920
Floors in Building
1
Listing Agency:
RE/MAX Premier Properties · RE/MAX International
(816) 416-7090
Listed By:
Anita Jonas · License #2015044991
(816) 810-9279
Added: Jun 11
Changed: Aug 19
Last Checked: Aug 20 at 8:06AM
MLS# 2625467
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.
This approximately 1,300-square-foot storefront at 323 S Hudson Street offers exposed brick walls and distinctive architectural details within a character-filled commercial setting. The property is currently home to The Hudson Room Wine Bar, while the sale includes the real estate only and excludes the business.
Zoned C2, the property is positioned in downtown Buckner and includes on-street parking. Water is available. The compact 0.0663-acre site provides a setting for retail, office, tasting room, or other creative commercial concepts identified for the property.
Zoned C2, the property is positioned in downtown Buckner and includes on-street parking. Water is available. The compact 0.0663-acre site provides a setting for retail, office, tasting room, or other creative commercial concepts identified for the property.
Key Highlights
- Approximately 1,300 square feet of commercial space
- Exposed brick walls and distinctive architectural details
- C2 zoning
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
$3,707
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
3.71%
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%
$74,140
$74.1K
Cap Rate 7%
$52,957
$53.0K
Cap Rate 9%
$41,189
$41.2K
Market Conditions
NOI Build-Up for 1,300 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
$5.1K $3.96/SF
− Vacancy
−$206 −$0.16/SF
EGI
$4.9K $3.80/SF
− OpEx
−$1.2K −$0.95/SF
NOI
$3.7K $2.85/SF
Area
Jackson County, MO
Vacancy
4.00%
Lease Rate
$3.96 /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%
$74,140
Cap Rate 7%
$52,957
Cap Rate 9%
$41,189
Alternative Uses
Best Use
Retail
$179.7K
$157.3K – $209.7K
NOI $12,580 @ 7.0% cap · market cap 12.59%
Second Best
Specialty Retail
$53.0K
$46.3K – $61.8K
NOI $3,707 @ 7.0% cap · market cap 3.71%
Theoretical Best
Warehouse
$341.9K
$299.2K – $398.9K
NOI $23,934 @ 7.0% cap · market cap 23.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
175
Businesses Nearby
26k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 86%
Dining 14%
Buckner #1
Shops & Services
10,662 visits/mo
0.4 miles
Dollar General
Shops & Services
4,900 visits/mo
0.4 miles
SONIC Drive In
Dining
3,575 visits/mo
0.4 miles
Shell
Shops & Services
2,827 visits/mo
0.3 miles
Phillips 66
Shops & Services
2,509 visits/mo
0.3 miles
Demographics for 64016, MO
4,682
Population
1,817
Households
2.6
Avg Household Size
40
Median Age
24%
College-Educated
90%
High-School Grad
32.4 sq mi
ZIP Area
145
Density / Sq Mi
$92,734
Median Household Income
$44,623
Median Earnings
$981
Median Rent
$205,600
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - Character-rich commercial space with exposed brick, architectural details, C2 zoning, and on-street parking.
Where is this storefront property located?
The property is located at 323 S Hudson Street Buckner, MO.
What is the asking price?
The asking price for this property is $99,900.
What are key features of this property?
This property features: Approximately 1,300 square feet of commercial space; Exposed brick walls and distinctive architectural details; C2 zoning
