Freestanding Restaurant with Commercial
For Sale
$1,400,000
4960 State Avenue, Kansas City, KS 66102
A restaurant-ready layout includes dining areas, storage, and commercial food-preparation equipment.
Property Size5,909 SF
Lot Size1.11 Acres
Price / SF$236.93
Days on Market11
Property Features for 4960 State Avenue
General Information
Standard status
Active
Size
5,909 SF
Total Parking Spaces
64
Lot size
1.11 Acres
Zoning
KC1
Site & Location
Neighborhood
Coronado
Highway Access
Yes
Amenities
1
Public Restroom
48787
64
Parking Lot
City Location
Asphalt
Storage
City Street
Building Details
Year Built
1963
Buildings
1
Stories
1
Listing Agency:
(913) 933-8348
Listed By:
Shelton Ross
Source:
Kcregionalhomes
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 3:34PM
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 Shelton Ross
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The freestanding restaurant building contains 5,909± square feet on approximately 1.11 acres. Interior areas include dining rooms, a commercial kitchen, storage, and additional space at the rear. Kitchen equipment includes two walk-in refrigerators, a walk-in freezer, and a beer cooler. The property also has approximately 64 parking spaces and is zoned KC1.
The property fronts State Avenue in Kansas City, Kansas, with access to I-635, I-70, and downtown Kansas City described as minutes away. The building was constructed in 1963.
The property fronts State Avenue in Kansas City, Kansas, with access to I-635, I-70, and downtown Kansas City described as minutes away. The building was constructed in 1963.
Key Highlights
- 5,909± square foot freestanding restaurant building
- Approximately 1.11 acres on State Avenue in Kansas City, Kansas
- Commercial kitchen with two walk‑in refrigerators, a walk‑in freezer, and a beer cooler
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,201
Cap Rate
4.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,224,020
$1.2M
Cap Rate 7%
$874,300
$874.3K
Cap Rate 9%
$680,011
$680.0K
Market Conditions
NOI Build-Up for 5,909 SF
Gross rent
$85.1K $14.40/SF
− Vacancy
−$3.5K −$0.59/SF
EGI
$81.6K $13.81/SF
− OpEx
−$20.4K −$3.45/SF
NOI
$61.2K $10.36/SF
Area
Kansas City, KS
Vacancy
4.10%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,224,020
Cap Rate 7%
$874,300
Cap Rate 9%
$680,011
Alternative Uses
Best Use
Specialty Retail
$874.3K
$765.0K – $1.02M
NOI $61,201 @ 7.0% cap · market cap 4.37%
Second Best
Industrial
$502.6K
$439.7K – $586.3K
NOI $35,179 @ 7.0% cap · market cap 2.51%
Theoretical Best
Office A
$979.0K
$856.6K – $1.14M
NOI $68,527 @ 7.0% cap · market cap 4.89%
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
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
265
Businesses Nearby
51k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 54%
Groceries 38%
Dining 4%
Apparel 4%
Aldi
Groceries
19,293 visits/mo
0.1 miles
Dollar Tree
Shops & Services
9,045 visits/mo
0.1 miles
Dollar General
Shops & Services
7,072 visits/mo
0.4 miles
Phillips 66
Shops & Services
5,531 visits/mo
0.3 miles
Cenex
Shops & Services
3,497 visits/mo
0.2 miles
Demographics for 66102, KS
30,730
Population
11,481
Households
2.7
Avg Household Size
31
Median Age
12%
College-Educated
71%
High-School Grad
11.5 sq mi
ZIP Area
2,672
Density / Sq Mi
$52,218
Median Household Income
$31,913
Median Earnings
$1,020
Median Rent
$105,000
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 Midwest region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - A restaurant-ready layout includes dining areas, storage, and commercial food-preparation equipment.
Where is this conventional restaurant located?
The property is located at 4960 State Avenue Kansas City, KS.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 5,909± square foot freestanding restaurant building; Approximately 1.11 acres on State Avenue in Kansas City, Kansas; Commercial kitchen with two walk‑in refrigerators, a walk‑in freezer, and a beer cooler
