Grocery Store on Corner
For Sale
$220,000
3445 Woodland Avenue, Kansas City, MO 64109
Grocery and smoke shop on a busy corner lot.
Property Size1,386 SF
Lot Size0.04 Acres
Price / SF$158.73
Days on Market735
Property Features for 3445 Woodland Avenue
General Information
Standard status
Active
Size
1,386 SF
Lot size
0.04 Acres
Property subtype
Commercial/Industrial
Building Details
Year Built
1920
Listing Agency:
RE/MAX Heritage
(816) 213-8176
Listed By:
Jim Dollins · License #1999032833
(816) 213-8176
Source:
Exitrealty
Added: Aug 2, 2024
Changed: Jul 10
Last Checked: Aug 5 at 6:40AM
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 RE/MAX Heritage
Investment Insights
Based on property information with market context.
This property presents an opportunity for owner/users and is currently operating as a successful grocery/convenience store and smoke shop. The kitchen is equipped for a deli-type shop. The property includes ample storage space and a full basement. It is situated on a corner lot at a busy intersection. The property size is 1386 square feet.
Key Highlights
- Successful grocery/convenience store and smoke shop business included
- Kitchen set up for deli
- High‑traffic corner lot location
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $22.1k | $15.96 |
| − Vacancy | −$664 | −$0.48 |
| EGI | $21.5k | $15.48 |
| − OpEx | −$5.4k | −$3.87 |
| NOI | $16.1k | $11.61 |
1,386 SF · lease $15.96/SF/yr · vacancy 3.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$229.9K
$201.2K – $268.2K
NOI $16,093 @ 7.0% cap · market cap 7.32%
Second Best
Retail
$186.2K
$163.0K – $217.3K
NOI $13,036 @ 7.0% cap · market cap 5.93%
Theoretical Best
Office A
$330.1K
$288.9K – $385.2K
NOI $23,109 @ 7.0% cap · market cap 10.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
682
Businesses Nearby
4k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
BP
Shops & Services
3,658 visits/mo
0.5 miles
Demographics for 64109, MO
10,290
Population
6,103
Households
1.7
Avg Household Size
34
Median Age
35%
College-Educated
85%
High-School Grad
2.1 sq mi
ZIP Area
4,900
Density / Sq Mi
$42,861
Median Household Income
$38,585
Median Earnings
$919
Median Rent
$240,000
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.
Similar Off Market Nearby
- Save A Lot — 3410 Troost Ave, Kansas City, MO 64109
- Sun Fresh Market — 3110 Wabash Ave, Kansas City, MO 64128
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Grocery and smoke shop on a busy corner lot.
Where is this grocery and convenience store located?
The property is located at 3445 Woodland Avenue Kansas City, MO.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: Successful grocery/convenience store and smoke shop business included; Kitchen set up for deli; High‑traffic corner lot location
