Mixed-Use Retail/Office
For Sale
Contact for pricing
3936 Broadway Blvd, Kansas City, MO 64111
Two-purpose commercial building with storefront presentation, signage opportunities, and existing tenant income.
Property Size7,500 SF
Price / SF$166.67
Days on Market153
Property Features for 3936 Broadway Blvd
General Information
Standard status
Active
Size
7,500 SF
Total Parking Spaces
11
Property subtype
Retail, Office
Investment Type
Owner/User
Building Details
Year Built
1928
Buildings
9
Listing Agency:
Clemons Real Estate
(913) 271-6929
Listed By:
Audrey Navarro · License #MO 2003023010
Source:
Crexi
Added: Apr 1
Changed: Aug 30
Last Checked: Aug 30 at 1:08PM
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 Clemons Real Estate
Investment Insights
Based on property information with market context.
Located at 3936 Broadway Blvd in Kansas City, Missouri, this mixed-use property combines retail and office space within a 7,500-square-foot building. The structure was built in 1928 and includes an existing storefront component with opportunities for signage.
The property also generates tenant income, including revenue associated with billboards. Its retail-office configuration provides a commercial building format suited to continued mixed-use occupancy or owner use, subject to applicable requirements.
The property also generates tenant income, including revenue associated with billboards. Its retail-office configuration provides a commercial building format suited to continued mixed-use occupancy or owner use, subject to applicable requirements.
Key Highlights
- 7,500‑square‑foot mixed‑use retail and office building
- Built in 1928
- Existing storefront component with signage opportunities
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
$105,962
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
8.48%
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%
$2,119,240
$2.1M
Cap Rate 7%
$1,513,743
$1.5M
Cap Rate 9%
$1,177,356
$1.2M
Market Conditions
NOI Build-Up for 7,500 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
$169.2K $22.56/SF
− Vacancy
−$27.9K −$3.72/SF
EGI
$141.3K $18.84/SF
− OpEx
−$35.3K −$4.71/SF
NOI
$106.0K $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%
$2,119,240
Cap Rate 7%
$1,513,743
Cap Rate 9%
$1,177,356
Alternative Uses
Best Use
Office B
$1.51M
$1.32M – $1.77M
NOI $105,962 @ 7.0% cap · market cap 8.48%
Second Best
Mixed Use
$1.18M
$1.03M – $1.38M
NOI $82,519 @ 7.0% cap · market cap 6.60%
Theoretical Best
Office A
$1.79M
$1.56M – $2.08M
NOI $125,050 @ 7.0% cap · market cap 10.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,985
Businesses Nearby
Explore this area
Business Placement
Demographics for 64111, MO
17,112
Population
12,430
Households
1.4
Avg Household Size
33
Median Age
64%
College-Educated
96%
High-School Grad
2.7 sq mi
ZIP Area
6,338
Density / Sq Mi
$61,802
Median Household Income
$49,942
Median Earnings
$1,184
Median Rent
$269,500
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?
Mixed-use property - Two-purpose commercial building with storefront presentation, signage opportunities, and existing tenant income.
Where is this mixed-use property located?
The property is located at 3936 Broadway Blvd Kansas City, MO.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 7,500‑square‑foot mixed‑use retail and office building; Built in 1928; Existing storefront component with signage opportunities
