Turn-Key Restaurant and Entertainment
4940 NE 81st St Kansas City, MO 64119
For Sale
Contact for pricing
Turn-key restaurant and entertainment venue offered for sale with the option to convert to multi-tenant use.
Property Size13,860 SF
Price / SF$223.67
Days on Market114
Property Features for 4940 NE 81st St
General Information
- Standard status
- Active
- Size
- 13,860 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2005
Listing Agency:
Clemons Real Estate
(913) 271-6929
Listed By:
Audrey Navarro · License #MO 2003023010
Source:
Crexi
Added: Apr 1
Changed: Jul 23
Last Checked: Jul 23 at 2:05PM
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
Investment Insights
Based on property information with market context.
This for-sale restaurant and entertainment venue is presented as turn-key, offering an owner the ability to take over an operating concept with existing improvements in place. The property is being marketed as a successful business opportunity and also offers an alternative path for reuse.
The listing notes an opportunity to convert the site to a multi-tenant configuration. Additional details on layout, specific entertainment components, or current tenant mix are not provided in the available information.
Interested buyers should review the property’s current operating configuration and conversion plans during due diligence to confirm suitability for their intended use.
The listing notes an opportunity to convert the site to a multi-tenant configuration. Additional details on layout, specific entertainment components, or current tenant mix are not provided in the available information.
Interested buyers should review the property’s current operating configuration and conversion plans during due diligence to confirm suitability for their intended use.
Key Highlights
- Restaurant and entertainment venue built in 2005
- Offered as a turn‑key sale with restaurant/entertainment use
- Option to convert to multi‑tenant use
Financial Insights For Specialty 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 | $194.6k | $14.04 |
| − Vacancy | −$7.6k | −$0.55 |
| EGI | $187.0k | $13.49 |
| − OpEx | −$46.8k | −$3.37 |
| NOI | $140.3k | $10.12 |
13,860 SF · lease $14.04/SF/yr · vacancy 3.90% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.00M
$1.75M – $2.34M
NOI $140,254 @ 7.0% cap · market cap 4.52%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$10.34M
$9.05M – $12.07M
NOI $724,093 @ 7.0% cap · market cap 23.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Brass Rail Sports ...
Bar & Pub
Similar Off Market Nearby
- Brass Rail Sports Bar, Restaurant & Pool Hall — 4940 NE 81st St, Kansas City, MO 64119
FAQs
What type of property is this?
Bar & Pub - Turn-key restaurant and entertainment venue offered for sale with the option to convert to multi-tenant use.
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 $3,100,000.
What are key features of this property?
This property features: Restaurant and entertainment venue built in 2005; Offered as a turn‑key sale with restaurant/entertainment use; Option to convert to multi‑tenant use
