Leased Medical Office
5711 Northwest 64th Terrace, Kansas City, MO 64151
For Sale
Contact for pricing
Fully leased 3,240 SF medical office condo within a condominium association, offered for sale.
Property Size3,240 SF
Price / SF$193.25
Days on Market151
Property Features for 5711 Northwest 64th Terrace
General Information
Standard status
Size
Property subtype
Zoning
Occupancy
Lease Type
Site & Location
Neighborhood
Building Details
Year Built
Stories
Units
Tenancy
Listing Agency:
Lane4 Property Group
Listed By:
Spencer Stewart · License KS #00248759
(816) 268-9103
Source:
Crexi
Added: Jun 17
Changed: Nov 5
Last Checked: Nov 12 at 7:26AM
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 Lane4 Property Group
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Investment Insights
Based on property information with market context.
This offering is a 3,240 SF medical office condo that is currently fully leased. The property is part of the Picture Hills Condominium Association, and it is presented as a condo investment opportunity.
The condo is located at 5711 Northwest 64th Terrace in Kansas City, Missouri 64151. The asset sits in Platte County, and is governed through the condominium association that manages the property’s shared components.
For buyers or operators seeking a turn-key medical office condo with existing tenancy, the fully leased status provides immediate occupancy as part of the Picture Hills Condominium Association framework. Buyers should review the association materials and lease terms during due diligence, including any rules and responsibilities that apply to condo owners. For medical practices or related professionals considering ownership, this format can offer the benefits of a dedicated condo ownership structure while remaining within an established condominium community.
The condo is located at 5711 Northwest 64th Terrace in Kansas City, Missouri 64151. The asset sits in Platte County, and is governed through the condominium association that manages the property’s shared components.
For buyers or operators seeking a turn-key medical office condo with existing tenancy, the fully leased status provides immediate occupancy as part of the Picture Hills Condominium Association framework. Buyers should review the association materials and lease terms during due diligence, including any rules and responsibilities that apply to condo owners. For medical practices or related professionals considering ownership, this format can offer the benefits of a dedicated condo ownership structure while remaining within an established condominium community.
Key Highlights
- 3,240 SF fully leased medical office condo
- Year built: 1986
- Condo is part of the Picture Hills Condominium Association
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,775
Cap Rate
7.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$915,500
$915.5K
Cap Rate 7%
$653,929
$653.9K
Cap Rate 9%
$508,611
$508.6K
Market Conditions
NOI Build-Up for 3,240 SF
Gross rent
$73.1K $22.56/SF
− Vacancy
−$12.1K −$3.72/SF
EGI
$61.0K $18.84/SF
− OpEx
−$15.3K −$4.71/SF
NOI
$45.8K $14.13/SF
Area
Kansas City, MO
Vacancy
16.50%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$915,500
Cap Rate 7%
$653,929
Cap Rate 9%
$508,611
Alternative Uses
Best Use
Office B
$653.9K
$572.2K – $762.9K
NOI $45,775 @ 7.0% cap · market cap 7.31%
Second Best
Healthcare Medical
$613.2K
$536.6K – $715.4K
NOI $42,924 @ 7.0% cap · market cap 6.86%
Theoretical Best
Office A
$771.7K
$675.3K – $900.4K
NOI $54,021 @ 7.0% cap · market cap 8.63%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
661
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 64151, MO
28,779
Population
12,452
Households
2.3
Avg Household Size
38
Median Age
42%
College-Educated
97%
High-School Grad
13.1 sq mi
ZIP Area
2,197
Density / Sq Mi
$91,348
Median Household Income
$50,069
Median Earnings
$1,333
Median Rent
$292,500
Median Home Value
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Market
Vacancy Rate% for Office in Kansas City, MO
Similar Off Market Nearby
- Northland Cat Clinic — 6224 N Chatham Ave, Kansas City, MO 64151
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- Sarah Sims, DVM — 6519 N Cosby Ave, Kansas City, MO 64151
Frequently Asked Questions
What type of property is this?
Medical Office Space - Fully leased 3,240 SF medical office condo within a condominium association, offered for sale.
Where is this medical office space located?
The property is located at 5711 Northwest 64th Terrace Kansas City, MO.
What is the asking price?
The asking price for this property is $626,144.
What are key features of this property?
This property features: 3,240 SF fully leased medical office condo; Year built: 1986; Condo is part of the Picture Hills Condominium Association
