Retail Building for
For Sale
Contact for pricing
4620 Virginia Ave, Kansas City, MO 64110
Retail property offered for sale, providing a dedicated space sized for neighborhood shopping or service uses.
Property Size4,041 SF
Price / SF$228.90
Days on Market62
Property Features for 4620 Virginia Ave
General Information
Standard status
Active
Size
4,041 SF
Property subtype
Retail
Listing Agency:
Reece Commercial
(913) 548-8700
Listed By:
Jim Thome · License #KS
Source:
Crexi
Added: Jun 20
Changed: Aug 10
Last Checked: Aug 19 at 2:09AM
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 Reece Commercial
Investment Insights
Based on property information with market context.
This for-sale retail property consists of approximately 4,041 square feet of commercial space. The asset is presented as a retail building, suitable for tenants seeking a standalone footprint rather than a shared or inline configuration.
The property is located at 4620 Virginia Ave in Kansas City, Missouri. No additional details are provided regarding frontage, access, layout, or surrounding tenants, so prospective buyers and leasing teams should confirm specifics during due diligence.
With its retail designation and dedicated square footage, the building may fit businesses looking for a permanent retail location. Prospective investors or owner-operators can evaluate the space for their intended concept, including how the existing configuration supports customer-facing operations. For accuracy on the current condition and any improvements, please request the available offering materials and complete a site inspection.
The property is located at 4620 Virginia Ave in Kansas City, Missouri. No additional details are provided regarding frontage, access, layout, or surrounding tenants, so prospective buyers and leasing teams should confirm specifics during due diligence.
With its retail designation and dedicated square footage, the building may fit businesses looking for a permanent retail location. Prospective investors or owner-operators can evaluate the space for their intended concept, including how the existing configuration supports customer-facing operations. For accuracy on the current condition and any improvements, please request the available offering materials and complete a site inspection.
Key Highlights
- Retail property for sale with 4,041 SF of space
- Dedicated retail footprint suited for neighborhood shopping or service uses
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
$38,007
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
4.11%
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%
$760,140
$760.1K
Cap Rate 7%
$542,957
$543.0K
Cap Rate 9%
$422,300
$422.3K
Market Conditions
NOI Build-Up for 4,041 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
$56.7K $14.04/SF
− Vacancy
−$2.4K −$0.60/SF
EGI
$54.3K $13.44/SF
− OpEx
−$16.3K −$4.03/SF
NOI
$38.0K $9.41/SF
Area
Kansas City, MO
Vacancy
4.30%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
30.00%
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%
$760,140
Cap Rate 7%
$542,957
Cap Rate 9%
$422,300
Alternative Uses
Best Use
Retail
$543.0K
$475.1K – $633.5K
NOI $38,007 @ 7.0% cap · market cap 4.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$962.5K
$842.2K – $1.12M
NOI $67,377 @ 7.0% cap · market cap 7.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
545
Businesses Nearby
61k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 78%
Shops & Services 22%
McDonald's
Dining
27,079 visits/mo
0.2 miles
Taco Bell
Dining
10,574 visits/mo
0.1 miles
Shell
Shops & Services
7,321 visits/mo
0.4 miles
BP
Shops & Services
6,149 visits/mo
0.0 miles
KFC
Dining
5,889 visits/mo
0.3 miles
Demographics for 64110, MO
15,874
Population
8,655
Households
1.8
Avg Household Size
32
Median Age
50%
College-Educated
95%
High-School Grad
3.0 sq mi
ZIP Area
5,291
Density / Sq Mi
$59,710
Median Household Income
$38,852
Median Earnings
$1,155
Median Rent
$238,200
Median Home Value
Market
Vacancy Rate% for Retail in Kansas City, MO
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail property offered for sale, providing a dedicated space sized for neighborhood shopping or service uses.
Where is this retail space located?
The property is located at 4620 Virginia Ave Kansas City, MO.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Retail property for sale with 4,041 SF of space; Dedicated retail footprint suited for neighborhood shopping or service uses
