Retro Mixed-Use Building For
5012 State Avenue, Kansas City, KS 66102
Three-story building with retail, residential, and office spaces.
Type:Commercial/Industrial
Property size:
16,647 SFLot size:
1.67 AcresPrice / SF:
$151/SF- Added:
- Mar 12, 2026
- Days on Market:
- 66
- Last Refresh:
- Apr 5 at 9:25 pm
Property Features for 5012 State Avenue
General Information
- Standard status
- Active
- Size
- 16,647 SF
- Lot size
- 1.67 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1975
Listing agent Susan Scott License #BR00219153
Listing office Select Sites LLC (816) 916-8400
Listing date Mar 12, 2026
Source Exitrealty
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 Select Sites LLC
HighLights
- Value‑add opportunity for redevelopment or repositioning.
- Versatile mixed‑use building with retail, residential, and office spaces.
- Located on a prominent, well‑traveled avenue with substantial visibility.
- Direct access to I‑635, I‑70, and I‑435.
- Main level includes a 5,900± SF full‑service restaurant space.
- Elevator‑served building.
Overview
This well-maintained 3-story retro mixed-use masonry block building offers versatile space on a 72,658± SF site. Located along a major roadway, the property has the potential to meet neighborhood retail and residential needs, offering strong value-add opportunities for redevelopment or repositioning. The main level features 16,647± SF divisible into multiple retail storefronts, including a 5,900± SF full-service restaurant with 14' clear heights, ideal for retail and service establishments. The upper level provides 14,607± SF with 31 studio-style residential units and 2 office spaces, providing in-demand housing and workspace solutions with 12' clear heights. The rear garden level offers 6,286± SF suitable for office, quasi-retail or storage uses. The elevator-served building is located on a prominent, well-traveled State Avenue with substantial visibility for businesses. It has direct access to I-635, I-70, and I-435 for seamless regional travel. Located in an area with increasing investment and development, positioning it as a growth focal point. It is ideal for investors or owner-users to capitalize on its flexibility and potential.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$1.84M
NOI $165,629 @ 9.00% cap · cautious / downside scenario
Moderate
$2.37M
NOI $165,629 @ 7.00% cap · market / base-case scenario
Aggressive
$3.31M
NOI $165,629 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $299.6k | $18.00 |
| − Vacancy | −$78.8k | −$4.73 |
| EGI | $220.8k | $13.27 |
| − OpEx | −$55.2k | −$3.32 |
| NOI | $165.6k | $9.95 |
16,647 SF · lease $18.00/SF/yr · vacancy 26.30% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$2.37M
$2.07M – $2.76M
NOI $165,629 @ 7.0% cap · market cap 6.55%
Second Best
Retail
$2.30M
$2.01M – $2.68M
NOI $160,922 @ 7.0% cap · market cap 6.36%
Theoretical Best
Office A
$2.76M
$2.41M – $3.22M
NOI $193,055 @ 7.0% cap · market cap 7.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- Kansas City
- County
- Wyandotte
- State
- Kansas
- Longitude
- -94.6949
- Latitude
- 39.1166
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Three-story building with retail, residential, and office spaces.
Where is this mixed-use property located?
The property is located at 5012 State Avenue Kansas City, KS.
What is the asking price?
The asking price for this property is $2,530,000.
What are key features of this property?
This property features: Value‑add opportunity for redevelopment or repositioning.; Versatile mixed‑use building with retail, residential, and office spaces.; Located on a prominent, well‑traveled avenue with substantial visibility.
