Retail
For Sale
Contact for pricing
333 W Meyer Boulevard, Kansas City, MO 64133
Located on W. Meyer Boulevard in Kansas City, Missouri.
Property Size750 SF
Price / SF$193.33
Days on Market62
Property Features for 333 W Meyer Boulevard
General Information
Standard status
Active
Size
750 SF
Property subtype
Retail
Investment Type
Owner/User
Building Details
Tenancy
Single
Listing Agency:
Block & Company Inc
(816) 412-7348
Listed By:
Josh Rothschild · License #KS
Source:
Crexi
Added: Jul 2
Changed: Aug 30
Last Checked: Aug 30 at 4:44AM
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 retail space is located at 333 W. Meyer Boulevard in Kansas City, Missouri. The property is identified with a size of 750 and is offered for sale.
Key Highlights
- 333 W. Meyer Boulevard, Kansas City, MO 64133
- Property size listed as 750
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
$8,741
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
6.03%
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%
$174,820
$174.8K
Cap Rate 7%
$124,871
$124.9K
Cap Rate 9%
$97,122
$97.1K
Market Conditions
NOI Build-Up for 750 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
$13.5K $18.00/SF
− Vacancy
−$1.0K −$1.35/SF
EGI
$12.5K $16.65/SF
− OpEx
−$3.7K −$5.00/SF
NOI
$8.7K $11.66/SF
Area
ZIP 64133
Vacancy
7.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$174,820
Cap Rate 7%
$124,871
Cap Rate 9%
$97,122
Alternative Uses
Best Use
Retail
$124.9K
$109.3K – $145.7K
NOI $8,741 @ 7.0% cap · market cap 6.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$177.7K
$155.5K – $207.3K
NOI $12,437 @ 7.0% cap · market cap 8.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
756
Businesses Nearby
36k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 45%
Shops & Services 40%
Home Improvements & Furnishings 14%
Homegrown
Dining
10,638 visits/mo
0.3 miles
Commerce Bank
Shops & Services
7,489 visits/mo
0.1 miles
Westlake Ace Hardware
Home Improvements & Furnishings
5,107 visits/mo
0.3 miles
Phillips 66
Shops & Services
4,794 visits/mo
0.3 miles
Jimmy John's
Dining
3,379 visits/mo
0.2 miles
Demographics for 64133, MO
35,259
Population
16,435
Households
2.1
Avg Household Size
41
Median Age
23%
College-Educated
93%
High-School Grad
17.0 sq mi
ZIP Area
2,074
Density / Sq Mi
$66,816
Median Household Income
$40,874
Median Earnings
$1,185
Median Rent
$165,700
Median Home Value
Market
Vacancy Rate% for Retail in Kansas City, MO
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Located on W. Meyer Boulevard in Kansas City, Missouri.
Where is this retail space located?
The property is located at 333 W Meyer Boulevard Kansas City, MO.
What is the asking price?
The asking price for this property is $145,000.
What are key features of this property?
This property features: 333 W. Meyer Boulevard, Kansas City, MO 64133; Property size listed as 750
