Restaurant Space Crossroads/Westside For
For Sale
Contact for pricing
700 Southwest Blvd, Kansas City, MO 64108
Restaurant space for sale in Crossroads/Westside area.
Property Size9,000 SF
Price / SF$152.78
Days on Market149
Property Features for 700 Southwest Blvd
General Information
Standard status
Active
Size
9,000 SF
Class
B
Property subtype
Retail, Mixed Use, Business for Sale
Zoning
M1-5
Investment Type
Owner/User
Building Details
Year Built
1978
Year Renovated
2008
Stories
2
Units
1
Listing Agency:
Boveri Realty Group LLC
Listed By:
Christina Boveri · License #2004014710
Source:
Crexi
Added: Mar 22
Changed: Aug 8
Last Checked: Aug 16 at 8:59AM
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 LLC
Investment Insights
Based on property information with market context.
This 9,000 square-foot commercial real estate is available for sale. The property is suitable for restaurant or retail use and is located in the Crossroads/Westside area.
Key Highlights
- Restaurant space for sale
- Located in Crossroads/Westside
- Built in 1978
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
7.60%
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 7.60%
Second Best
Retail
$1.21M
$1.06M – $1.41M
NOI $84,649 @ 7.0% cap · market cap 6.16%
Theoretical Best
Office A
$2.14M
$1.88M – $2.50M
NOI $150,060 @ 7.0% cap · market cap 10.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,165
Businesses Nearby
13k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 49%
Dining 47%
Home Improvements & Furnishings 4%
Cafe Gratitude
Dining
4,897 visits/mo
0.4 miles
Artist & Craftsman Supply
Shops & Services
3,449 visits/mo
0.4 miles
Sinclair
Shops & Services
3,060 visits/mo
0.2 miles
Taqueria Mexico
Dining
1,372 visits/mo
0.1 miles
PPG Paints
Home Improvements & Furnishings
476 visits/mo
0.5 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
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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 space for sale in Crossroads/Westside area.
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 $1,375,000.
What are key features of this property?
This property features: Restaurant space for sale; Located in Crossroads/Westside; Built in 1978
