Office Building with Four Conference
New
For Sale
Contact for pricing
420 W 98th St, Kansas City, MO 64114
A multi-office layout includes a reception area, kitchen, breakroom, and several restrooms.
Property Size6,000 SF
Price / SF$233.33
Days on Market6
Property Features for 420 W 98th St
General Information
Standard status
Active
Size
6,000 SF
Property subtype
OFFICE
Site & Location
Neighborhood
Lea Manor
Amenities
Reception/Lobby Area
4 Conference Rooms
10 Offices
Kitchen & Breakroom
4 Restrooms & 1 Exec Bath
Listing Agency:
Curry Real Estate Services
(816) 414-5200
Listed By:
Matt Pepper
(816) 414-5228
Source:
Moodyscre
Added: Oct 27
Changed: Oct 30
Last Checked: Oct 30 at 2:37PM
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 Curry Real Estate Services
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 6,000-square-foot office building is arranged with a reception and lobby area, 10 offices, and four conference rooms. A kitchen and breakroom support day-to-day use, while the building has four restrooms and one executive bath.
The roof was replaced in 2019, and the property has four new HVAC systems.
The roof was replaced in 2019, and the property has four new HVAC systems.
Key Highlights
- 6,000 square feet of office space
- 10 offices and 4 conference rooms
- Reception and lobby area, kitchen, and breakroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,769
Cap Rate
6.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,695,380
$1.7M
Cap Rate 7%
$1,210,986
$1.2M
Cap Rate 9%
$941,878
$941.9K
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$135.4K $22.56/SF
− Vacancy
−$22.3K −$3.72/SF
EGI
$113.0K $18.84/SF
− OpEx
−$28.3K −$4.71/SF
NOI
$84.8K $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 Rate 5%
$1,695,380
Cap Rate 7%
$1,210,986
Cap Rate 9%
$941,878
Alternative Uses
Best Use
Office B
$1.21M
$1.06M – $1.41M
NOI $84,769 @ 7.0% cap · market cap 6.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.43M
$1.25M – $1.67M
NOI $100,040 @ 7.0% cap · market cap 7.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
437
Businesses Nearby
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Business Placement
Demographics for 64114, MO
24,008
Population
13,463
Households
1.8
Avg Household Size
39
Median Age
56%
College-Educated
97%
High-School Grad
7.1 sq mi
ZIP Area
3,381
Density / Sq Mi
$77,643
Median Household Income
$53,965
Median Earnings
$1,304
Median Rent
$257,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Kansas City, MO
Frequently Asked Questions
What type of property is this?
Office building - A multi-office layout includes a reception area, kitchen, breakroom, and several restrooms.
Where is this office building located?
The property is located at 420 W 98th St Kansas City, MO.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 6,000 square feet of office space; 10 offices and 4 conference rooms; Reception and lobby area, kitchen, and breakroom
