Local Shopping Center For
For Sale
Contact for pricing
5900 Wilson Dr, Kansas City, MO
29,440 SF shopping center with national and local tenants.
Property Size29,440 SF
Lot Size3.36 Acres
Price / SF$132.47
Days on Market642
Property Features for 5900 Wilson Dr
General Information
Standard status
Active
Size
29,440 SF
Lot size
3.36 Acres
Property subtype
RETAIL
Site & Location
Neighborhood
River View
Listing Agency:
Reece Commercial Real Estate | Leawood
Listed By:
John Sweeney · License #SP00233396
(913) 652-4300
Source:
Moodyscre
Added: Jan 24, 2025
Changed: Oct 25
Last Checked: Oct 26 at 3:56PM
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 Reece Commercial Real Estate | Leawood
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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 29,440 square foot local shopping center features a mix of national and local tenants. National brands such as Family Dollar, Rent-A-Center, Cricket Wireless, and Pizza Hut anchor the center. Four smaller, locally-owned businesses add a community-focused character. The shopping center is located directly to the west of the North-East Branch of the Kansas City Public Library and adjacent to a Price Chopper grocery store. Positioned along Independence Avenue, just south of the Historic Indian Mound Neighborhood, the center has visibility and accessibility. The center benefits from traffic and supports a residential and commercial area. There is virtually no competition in any direction.
Key Highlights
- High foot traffic and visibility thanks to a strong tenant mix including national brands.
- Strategic location on Independence Avenue with virtually no competition.
- Adjacent to the highly frequented Price Chopper grocery store and near the Kansas City Public Library.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$276,895
Cap Rate
7.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,537,900
$5.5M
Cap Rate 7%
$3,955,643
$4.0M
Cap Rate 9%
$3,076,611
$3.1M
Market Conditions
NOI Build-Up for 29,440 SF
Gross rent
$413.3K $14.04/SF
− Vacancy
−$17.8K −$0.60/SF
EGI
$395.6K $13.44/SF
− OpEx
−$118.7K −$4.03/SF
NOI
$276.9K $9.41/SF
Area
Kansas City, MO
Vacancy
4.30%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,537,900
Cap Rate 7%
$3,955,643
Cap Rate 9%
$3,076,611
Alternative Uses
Best Use
Retail
$3.96M
$3.46M – $4.61M
NOI $276,895 @ 7.0% cap · market cap 7.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.01M
$6.14M – $8.18M
NOI $490,861 @ 7.0% cap · market cap 12.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
197
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Retail in Kansas City, MO
Frequently Asked Questions
What type of property is this?
Shopping center - 29,440 SF shopping center with national and local tenants.
Where is this shopping center located?
The property is located at 5900 Wilson Dr Kansas City, MO.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: High foot traffic and visibility thanks to a strong tenant mix including national brands.; Strategic location on Independence Avenue with virtually no competition.; Adjacent to the highly frequented Price Chopper grocery store and near the Kansas City Public Library.
