Turn-Key Restaurant and Entertainment
For Sale
Contact for pricing
Pending
4940 NE 81st St, Kansas City, MO 64119
Turn-key restaurant and entertainment venue offered for sale with the option to convert to multi-tenant use.
Property Size13,860 SF
Days on Market205
Property Features for 4940 NE 81st St
General Information
Standard status
Pending
Size
13,860 SF
Total Parking Spaces
80
Property subtype
Retail, Office, Business for Sale
Occupancy
100%
Additional Details
Business Included
Yes
Building Details
Year Built
2005
Stories
1
Tenancy
Single
Listing Agency:
Clemons Real Estate
Listed By:
Audrey Navarro · License #MO 2003023010
(913) 271-6929
Source:
Crexi
Added: Apr 1
Changed: Oct 19
Last Checked: Oct 20 at 5:27PM
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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Review the available facts, identify missing information and prepare questions for the agent.
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
Estimated NOI and Cap Rate
NOI / Yr
$140,254
Cap Rate
4.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,805,080
$2.8M
Cap Rate 7%
$2,003,629
$2.0M
Cap Rate 9%
$1,558,378
$1.6M
Market Conditions
NOI Build-Up for 13,860 SF
Gross rent
$194.6K $14.04/SF
− Vacancy
−$7.6K −$0.55/SF
EGI
$187.0K $13.49/SF
− OpEx
−$46.8K −$3.37/SF
NOI
$140.3K $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%
$2,805,080
Cap Rate 7%
$2,003,629
Cap Rate 9%
$1,558,378
Alternative Uses
Best Use
Specialty Retail
$2.00M
$1.75M – $2.34M
NOI $140,254 @ 7.0% cap · market cap 4.68%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$10.34M
$9.05M – $12.07M
NOI $724,093 @ 7.0% cap · market cap 24.18%
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
Turnkey business
Opportunity
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 - 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 $2,995,000.
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
