Crossroads/Westside Restaurant Building For
For Sale
$1,350,000
Pending
700 Southwest Blvd, Kansas City, MO 64108
Restaurant building in high-visibility location with easy highway access.
Property Size9,000 SF
Days on Market323
Property Features for 700 Southwest Blvd
General Information
Standard status
Pending
Size
9,000 SF
Taxes and HOA fees
Annual Taxes
$19,250
Listing Agency:
Boveri Realty Group L L C
(816) 606-1398
Listed By:
Christina Boveri · License #2002020130
(816) 606-1398
Source:
Exprealty
Added: Oct 3, 2025
Changed: Aug 8
Last Checked: Aug 8 at 6:04AM
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 Boveri Realty Group L L C
Investment Insights
Based on property information with market context.
This is a rare opportunity to own a building in the Crossroads/Westside neighborhood. The property, previously a restaurant, is situated in a highly visible location with easy highway access. It is located across from La Bodega and features a large outdoor patio. The property is near the Kauffman Performing Arts Center, over 50 galleries, and numerous lofts and condos. The property is zoned M1-5 and has 9,000 square feet. It is within walking distance of the Performing Arts Center, Street Car, bars, restaurants, and over 40 art galleries. The area is densely populated, with two high-rise apartment buildings adding 375 units expected to open this year. The property is located near two free public parking lots under the bridge. The surrounding neighborhood hosts First Fridays, attracting thousands of visitors monthly to experience the arts and culture. The property is located in one of the most sought-out neighborhoods in Kansas City. The property is intended for use as a restaurant.
Key Highlights
- Highly visible location in the Crossroads/Westside neighborhood with easy highway access.
- Large outdoor patio.
- Zoned M1‑5 offering flexible usage options.
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
$104,498
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
7.74%
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%
$2,089,960
$2.1M
Cap Rate 7%
$1,492,829
$1.5M
Cap Rate 9%
$1,161,089
$1.2M
Market Conditions
NOI Build-Up for 9,000 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
$143.6K $15.96/SF
− Vacancy
−$4.3K −$0.48/SF
EGI
$139.3K $15.48/SF
− OpEx
−$34.8K −$3.87/SF
NOI
$104.5K $11.61/SF
Area
Kansas City, MO
Vacancy
3.00%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
25.00%
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%
$2,089,960
Cap Rate 7%
$1,492,829
Cap Rate 9%
$1,161,089
Alternative Uses
Best Use
Specialty Retail
$1.49M
$1.31M – $1.74M
NOI $104,498 @ 7.0% cap · market cap 7.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.14M
$1.88M – $2.50M
NOI $150,060 @ 7.0% cap · market cap 11.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,147
Businesses Nearby
18k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 45%
Dining 36%
Hotels & Casinos 20%
Cafe Gratitude
Dining
4,897 visits/mo
0.2 miles
Home2 Suites Kansas City Downtown
Hotels & Casinos
3,508 visits/mo
0.5 miles
Artist & Craftsman Supply
Shops & Services
3,449 visits/mo
0.3 miles
Sinclair
Shops & Services
3,060 visits/mo
0.1 miles
Taqueria Mexico
Dining
1,372 visits/mo
0.2 miles
Demographics for 64108, MO
9,839
Population
6,141
Households
1.6
Avg Household Size
35
Median Age
51%
College-Educated
90%
High-School Grad
3.7 sq mi
ZIP Area
2,659
Density / Sq Mi
$74,462
Median Household Income
$53,521
Median Earnings
$1,422
Median Rent
$286,300
Median Home Value
Market
Vacancy Rate% for Retail in Kansas City, MO
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Sidecar Cocktail Catering Co. — 2016 Main St, Kansas City, MO 64108
- Scratch Office Catering — 2300 Main St #160, Kansas City, MO 64108
- Moxie Catering — 1617 Genessee St, Kansas City, MO 64102
- Blissful Soul Kitchen — 1432 W Bluff Dr, Kansas City, MO 64108
Frequently Asked Questions
What type of property is this?
Restaurant - Restaurant building in high-visibility location with easy highway access.
Where is this restaurant located?
The property is located at 700 Southwest Blvd Kansas City, MO.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Highly visible location in the Crossroads/Westside neighborhood with easy highway access.; Large outdoor patio.; Zoned M1‑5 offering flexible usage options.
