Sports Bar with Patio
For Sale
$1,600,000
4545 N Brighton Avenue, Kansas City, MO 64117
SINGLE_FAMILY - Kansas City, MO
Property Size10,000 SF
Lot Size0.75 Acres
Price / SF$160
Days on Market640
Property Features for 4545 N Brighton Avenue
General Information
Property type
Residential
Property subtype
Retail
Zoning
B2-2
Parking
55
Parking features
Parking Lot
Exterior features
Building Sign
Subdivision
Sprinkle Heights
Directions
35 Hwy to South onto N Brighton ***building on the left.
Standard status
Active
APN
18-108-00-05-007.00
Lot size
0.75 Acres
Taxes and HOA fees
Tax Description
Sprinkle Heights BLKS 9 and 10 LTS 8-12
Tax Annual Amount
4012
Legal Description
Sprinkle Heights BLKS 9 and 10 LTS 8-12
Utilities
Utilities
Water Available
Amenities
patio seating area
Building Details
Year built
1972
Floors in Building
1
Listing Agency:
Keller Williams KC North · Keller Williams Realty
(816) 452-4200
Listed By:
Fidelity RE Group · License #2009034726
(816) 777-3230
Added: Nov 9, 2024
Changed: Jul 30
Last Checked: Aug 11 at 11:06AM
MLS# 2519303
Copyright © 2026 Heartland Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This sports bar-grill building is set up for bar and grill operations and includes a patio seating area. The interior renovation has been completed and the improvements are stated to be brought up to current city code. The main level includes nearly 5,000 square feet of finished space, with an additional 5,000 square feet of unfinished basement space that has walkout capacity. The exterior includes a building sign, and the property is described as having been configured in the past as multiple units, with the possibility to subdivide back into multiple retail shops.
The property is on a 0.75-acre lot and is zoned B2-2. It includes 55 paved parking spaces and utilities are described as having water available.
Operationally, the business is stated to remain open until close of sale. The seller notes a 3am license for operations that may be transferable to new owners, and is willing to train a buyer on the operations side and provide short-term assistance after close of sale. The majority of the contents are owned, with the exception of the gaming systems and ATM.
The property is on a 0.75-acre lot and is zoned B2-2. It includes 55 paved parking spaces and utilities are described as having water available.
Operationally, the business is stated to remain open until close of sale. The seller notes a 3am license for operations that may be transferable to new owners, and is willing to train a buyer on the operations side and provide short-term assistance after close of sale. The majority of the contents are owned, with the exception of the gaming systems and ATM.
Key Highlights
- Zoned B2‑2
- 0.75‑acre lot
- Nearly 5,000 SF finished main floor
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
$116,109
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
7.26%
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%
$2,322,180
$2.3M
Cap Rate 7%
$1,658,700
$1.7M
Cap Rate 9%
$1,290,100
$1.3M
Market Conditions
NOI Build-Up for 10,000 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
$159.6K $15.96/SF
− Vacancy
−$4.8K −$0.48/SF
EGI
$154.8K $15.48/SF
− OpEx
−$38.7K −$3.87/SF
NOI
$116.1K $11.61/SF
Area
Kansas City, MO
Vacancy
3.00%
Lease Rate
$15.96 /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%
$2,322,180
Cap Rate 7%
$1,658,700
Cap Rate 9%
$1,290,100
Alternative Uses
Best Use
Specialty Retail
$1.66M
$1.45M – $1.94M
NOI $116,109 @ 7.0% cap · market cap 7.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.38M
$2.08M – $2.78M
NOI $166,733 @ 7.0% cap · market cap 10.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
194
Businesses Nearby
9k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
6,180 visits/mo
0.1 miles
BP
Shops & Services
3,261 visits/mo
0.1 miles
Demographics for 64117, MO
15,155
Population
7,091
Households
2.1
Avg Household Size
35
Median Age
21%
College-Educated
89%
High-School Grad
6.0 sq mi
ZIP Area
2,526
Density / Sq Mi
$59,219
Median Household Income
$41,738
Median Earnings
$1,034
Median Rent
$173,500
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
- Squirrelys Bar and Grill — Winwood Shopping Center, 4545 N Brighton Ave, Kansas City, MO 64117
- Tequila’s Restaurant Bar and Grill — 5010 NE Parvin Rd, Kansas City, MO 64117
- The Thirsty Gnome — 5044 NE Parvin Rd, Kansas City, MO 64117
Frequently Asked Questions
What type of property is this?
Bar & Pub - Sports bar-grill with patio seating, B2-2 zoning, and water available, offering on-site paved parking.
Where is this bar & pub located?
The property is located at 4545 N Brighton Avenue Kansas City, MO.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Zoned B2‑2; 0.75‑acre lot; Nearly 5,000 SF finished main floor
