Freestanding Retail Building For
4501 Rainbow Blvd Kansas City, KS
For Sale
Contact for pricing
2,100 SF retail building near Woodside Health Club.
Property Size2,100 SF
Lot Size0.24 Acres
Price / SF$285.71
Days on Market523
Property Features for 4501 Rainbow Blvd
General Information
Standard status
Active
Size
2,100 SF
Lot size
0.24 Acres
Property subtype
RETAIL
Listing Agency:
Block & Company, Inc.
(816) 412-7400
Listed By:
David Block · License #BR00015006
Source:
Moodyscre
Added: Feb 21, 2025
Changed: Jul 6
Last Checked: Jul 21 at 4:25AM
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 is a net lease investment opportunity featuring a 2,100-square-foot freestanding retail building situated on 0.24 acres. The property benefits from its location, being just 0.1 miles from Woodside Health Club and experiencing approximately 12,000 cars passing by daily on Rainbow Boulevard. The tenant is an experienced multi-state operator. The lease has three years remaining with options. The property is located at 4501 Rainbow Blvd, Kansas City, KS and benefits from strong demographics.
Key Highlights
- Net lease investment opportunity
- Tenant is an experienced multi‑state operator
- Lease has three years remaining with options for renewal
Financial Insights For 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 | $30.2k | $14.40 |
| − Vacancy | −$1.2k | −$0.59 |
| EGI | $29.0k | $13.81 |
| − OpEx | −$8.7k | −$4.14 |
| NOI | $20.3k | $9.67 |
2,100 SF · lease $14.40/SF/yr · vacancy 4.10% · expense 30.00%
Alternative Uses
Best Use
Retail
$290.0K
$253.8K – $338.3K
NOI $20,300 @ 7.0% cap · market cap 3.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$347.9K
$304.4K – $405.9K
NOI $24,354 @ 7.0% cap · market cap 4.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - 2,100 SF retail building near Woodside Health Club.
Where is this retail space located?
The property is located at 4501 Rainbow Blvd Kansas City, KS.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Net lease investment opportunity; Tenant is an experienced multi‑state operator; Lease has three years remaining with options for renewal
