Established Bar & Grill For
For Sale
Contact for pricing
Pending
4940 NE 81st St, Kansas City, MO 64119
Impeccably maintained bar and grill with strong highway access and visibility on a high-traffic roadway.
Property Size14,000 SF
Days on Market286
Property Features for 4940 NE 81st St
General Information
Standard status
Pending
Size
14,000 SF
Property subtype
RETAIL
Site & Location
Neighborhood
Shoal Creek
Traffic Count
42,000 vehicles/day
Highway Access
Yes
Additional Details
Business Included
Yes
Listing Agency:
Clemons Real Estate
(816) 621-2130
Listed By:
Kim Ansari, CCIM · License #00042291
(913) 522-9374
Source:
Moodyscre
Added: Jan 19
Changed: Oct 25
Last Checked: Oct 30 at 5:55PM
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
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Investment Insights
Based on property information with market context.
This long-standing, established bar and grill is offered for sale and is reported to be impeccably maintained and in excellent condition. The property is positioned for ongoing restaurant-bar operations with a turnkey ownership transition driven by the owner’s retirement.
Located at 4940 NE 81st St in Kansas City’s Northland trade area, the site is described as having great visibility and highway access. Public remarks cite strong traffic counts of 42,000 vehicles per day on 152 Highway, supporting customer access and day-to-day exposure.
The surrounding area is characterized as a high residential growth zone, with the property described as being surrounded by new development projects.
Located at 4940 NE 81st St in Kansas City’s Northland trade area, the site is described as having great visibility and highway access. Public remarks cite strong traffic counts of 42,000 vehicles per day on 152 Highway, supporting customer access and day-to-day exposure.
The surrounding area is characterized as a high residential growth zone, with the property described as being surrounded by new development projects.
Key Highlights
- Long‑standing bar & grill business for sale in the Northland trade area
- Strong traffic counts with 42,000 vehicles per day on Hwy 152
- Great visibility and highway access on a high‑traffic roadway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$141,671
Cap Rate
4.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,833,420
$2.8M
Cap Rate 7%
$2,023,871
$2.0M
Cap Rate 9%
$1,574,122
$1.6M
Market Conditions
NOI Build-Up for 14,000 SF
Gross rent
$196.6K $14.04/SF
− Vacancy
−$7.7K −$0.55/SF
EGI
$188.9K $13.49/SF
− OpEx
−$47.2K −$3.37/SF
NOI
$141.7K $10.12/SF
Area
ZIP 64119
Vacancy
3.90%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,833,420
Cap Rate 7%
$2,023,871
Cap Rate 9%
$1,574,122
Alternative Uses
Best Use
Specialty Retail
$2.02M
$1.77M – $2.36M
NOI $141,671 @ 7.0% cap · market cap 4.73%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$10.45M
$9.14M – $12.19M
NOI $731,407 @ 7.0% cap · market cap 24.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
42,000 VPD
Traffic count
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
75
Businesses Nearby
22k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 72%
Dining 21%
Beauty & Spa 7%
Kansas City #5
Shops & Services
15,563 visits/mo
0.2 miles
Papa John's Pizza
Dining
2,508 visits/mo
0.1 miles
SUBWAY
Dining
2,000 visits/mo
0.2 miles
Great Clips
Beauty & Spa
1,536 visits/mo
0.2 miles
Demographics for 64119, MO
30,865
Population
13,515
Households
2.3
Avg Household Size
39
Median Age
32%
College-Educated
94%
High-School Grad
14.5 sq mi
ZIP Area
2,129
Density / Sq Mi
$79,871
Median Household Income
$45,801
Median Earnings
$1,259
Median Rent
$216,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Kansas City, MO
Similar Off Market Nearby
- Brass Rail Sports Bar, Restaurant & Pool Hall — 4940 NE 81st St, Kansas City, MO 64119
Frequently Asked Questions
What type of property is this?
Bar & Pub - Impeccably maintained bar and grill with strong highway access and visibility on a high-traffic roadway.
Where is this bar & pub located?
The property is located at 4940 NE 81st St Kansas City, MO.
What is the asking price?
The asking price for this property is $2,995,000.
What are key features of this property?
This property features: Long‑standing bar & grill business for sale in the Northland trade area; Strong traffic counts with 42,000 vehicles per day on Hwy 152; Great visibility and highway access on a high‑traffic roadway
