Mixed-Use Building with Auto
For Sale
$550,000
517 W 75th Street, Kansas City, MO 64114
Commercial Sale, Kansas City, MO
Property Size3,399 SF
Lot Size0.20 Acres
Price / SF$161.81
Days on Market94
Property Features for 517 W 75th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B3-2
Parking features
Paved or Surfaced, On Street, Garage
Interior features
Storage, In-Law Floorplan, Private Restroom
Exterior features
Building Sign, Delivery Door(s), Display Window, Storage
Directions
Warnell Road to W 75th Street, West on 75th to business on left. Building's located on S.E corner of 75th and Pennsylvania Ave.
Subdivision
203 - South K.C. Mo/Grandview Area
Standard status
Active
APN
47-910-02-25-00-0-00-000
Lot size
0.20 Acres
Taxes and HOA fees
Tax Description
SECTION 18 TWNSHP 48 RANGE 33 BEG ON N LINE OF SEC 18-48-33, 496 FT W OF NE COR, TH S 130 FT TH W 64.9' TH N TOS LI 75TH ST TH E 64.9' TH S TO BEG
Tax Annual Amount
7500
Legal Description
SECTION 18 TWNSHP 48 RANGE 33 BEG ON N LINE OF SEC 18-48-33, 496 FT W OF NE COR, TH S 130 FT TH W 64.9' TH N TOS LI 75TH ST TH E 64.9' TH S TO BEG
Utilities
Utilities
Water Available
Building Details
Year built
1916
Floors in Building
1
Additional Structures
Storage
Listing Agency:
Weichert, Realtors Welch & Co.
(913) 647-5700
Listed By:
Frank Audano
(913) 568-7158
Added: Jul 3
Changed: Oct 1
Last Checked: Oct 4 at 12:06PM
MLS# 2629514
Copyright © 2026 Heartland Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use property contains two connected sections totaling 1,471 square feet: a former residence with a bathroom and partial basement, and a smaller former restaurant space. The connected area has been used as a music studio. The separate 1,928-square-foot automotive shop has its own bathroom and water service; its ceiling ranges from 12 feet to 10 feet and the space is tenant-occupied. A detached garage with power sits at the south end of the property.
The site measures 0.2034 acres. The former residence also has an unfinished attic used for storage. The former restaurant area has no water or restroom.
The site measures 0.2034 acres. The former residence also has an unfinished attic used for storage. The former restaurant area has no water or restroom.
Key Highlights
- 1,471‑square‑foot connected studio area includes a former residence and restaurant space
- Separate 1,928‑square‑foot auto shop is tenant‑occupied and has its own bathroom and water service
- Auto shop ceiling slopes from 12 feet to 10 feet
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$37,397
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.80%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$747,940
$747.9K
Cap Rate 7%
$534,243
$534.2K
Cap Rate 9%
$415,522
$415.5K
Market Conditions
NOI Build-Up for 3,399 SF
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.
Gross rent
$66.5K $19.56/SF
− Vacancy
−$6.6K −$1.96/SF
EGI
$59.8K $17.60/SF
− OpEx
−$22.4K −$6.60/SF
NOI
$37.4K $11.00/SF
Area
Kansas City, MO
Vacancy
10.00%
Lease Rate
$19.56 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$747,940
Cap Rate 7%
$534,243
Cap Rate 9%
$415,522
Alternative Uses
Best Use
Mixed Use
$534.2K
$467.5K – $623.3K
NOI $37,397 @ 7.0% cap · market cap 6.80%
Second Best
Retail
$456.7K
$399.6K – $532.8K
NOI $31,969 @ 7.0% cap · market cap 5.81%
Theoretical Best
Office A
$809.6K
$708.4K – $944.5K
NOI $56,672 @ 7.0% cap · market cap 10.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
862
Businesses Nearby
112k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 56%
Groceries 20%
Dining 16%
Apparel 8%
QuikTrip
Shops & Services
44,561 visits/mo
0.5 miles
Aldi
Groceries
22,339 visits/mo
0.1 miles
Casey's
Shops & Services
9,476 visits/mo
0.5 miles
City Thrift
Apparel
9,253 visits/mo
0.3 miles
Chipotle Mexican Grill
Dining
8,799 visits/mo
0.1 miles
Demographics for 64114, MO
24,008
Population
13,463
Households
1.8
Avg Household Size
39
Median Age
56%
College-Educated
97%
High-School Grad
7.1 sq mi
ZIP Area
3,381
Density / Sq Mi
$77,643
Median Household Income
$53,965
Median Earnings
$1,304
Median Rent
$257,400
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines studio space, a tenant-occupied service garage, and a detached powered garage.
Where is this mixed-use property located?
The property is located at 517 W 75th Street Kansas City, MO.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 1,471‑square‑foot connected studio area includes a former residence and restaurant space; Separate 1,928‑square‑foot auto shop is tenant‑occupied and has its own bathroom and water service; Auto shop ceiling slopes from 12 feet to 10 feet
