Restaurant with
For Sale
Contact for pricing
7016 Troost Ave, Kansas City, MO 64131
A built-out food-service space includes a commercial kitchen, bar, dining area and retail display counter.
Property Size5,000 SF
Price / SF$139.80
Days on Market10
Property Features for 7016 Troost Ave
General Information
Standard status
Active
Size
5,000 SF
Property subtype
Retail
Zoning
B3-2
Additional Details
Patio
Yes
Building Details
Buildings
1
Listing Agency:
Realty ONE Group Encompass
Listed By:
Steve Fennell jr. · License #7698227
Source:
Crexi
Added: Sep 16
Changed: Sep 24
Last Checked: Sep 24 at 1:51PM
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 Realty ONE Group Encompass
Investment Insights
Based on property information with market context.
This 5,000 SF restaurant property is operating with a commercial kitchen and expo line, a service bar with beverage storage and draft service, and an interior dining room with varied seating. A market-style display counter and an outdoor patio facing Troost Ave. are also part of the build-out. The property occupies the full building.
Located at 7016 Troost Ave. in Kansas City, Missouri, the property is zoned B3-2 Community Business. Existing improvements include restaurant, bar and dining infrastructure.
Located at 7016 Troost Ave. in Kansas City, Missouri, the property is zoned B3-2 Community Business. Existing improvements include restaurant, bar and dining infrastructure.
Key Highlights
- 5,000 SF building occupied in its entirety by the restaurant
- Commercial kitchen with expo line
- Service bar with back‑bar storage and draft/beverage service
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
$58,055
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
8.31%
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%
$1,161,100
$1.2M
Cap Rate 7%
$829,357
$829.4K
Cap Rate 9%
$645,056
$645.1K
Market Conditions
NOI Build-Up for 5,000 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
$79.8K $15.96/SF
− Vacancy
−$2.4K −$0.48/SF
EGI
$77.4K $15.48/SF
− OpEx
−$19.4K −$3.87/SF
NOI
$58.1K $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%
$1,161,100
Cap Rate 7%
$829,357
Cap Rate 9%
$645,056
Alternative Uses
Best Use
Specialty Retail
$829.4K
$725.7K – $967.6K
NOI $58,055 @ 7.0% cap · market cap 8.31%
Second Best
Industrial
$470.6K
$411.8K – $549.1K
NOI $32,943 @ 7.0% cap · market cap 4.71%
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,366 @ 7.0% cap · market cap 11.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
507
Businesses Nearby
3k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Electronics 87%
Shops & Services 13%
Cricket Wireless Authorized Retailer
Electronics
2,435 visits/mo
0.2 miles
Public Storage
Shops & Services
348 visits/mo
0.4 miles
Demographics for 64131, MO
21,837
Population
11,005
Households
2
Avg Household Size
37
Median Age
39%
College-Educated
91%
High-School Grad
8.5 sq mi
ZIP Area
2,569
Density / Sq Mi
$63,374
Median Household Income
$41,999
Median Earnings
$1,139
Median Rent
$217,700
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?
Conventional restaurant - A built-out food-service space includes a commercial kitchen, bar, dining area and retail display counter.
Where is this conventional restaurant located?
The property is located at 7016 Troost Ave Kansas City, MO.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 5,000 SF building occupied in its entirety by the restaurant; Commercial kitchen with expo line; Service bar with back‑bar storage and draft/beverage service
