Two-Building Mixed-Use
7925 & 7933 State Avenue, Kansas City, KS 66112
For Sale
Contact for pricing
Street-level retail and lower-floor space create a mix of occupied storefronts and additional commercial area.
Property Size33,600 SF
Price / SF$117.56
Days on Market9
Property Features for 7925 & 7933 State Avenue
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Public Transit
Additional Details
Tenant in Place
Property Use
Building Details
Buildings
Building Size
Tenancy
Listing Agency:
Varnum Armstrong Deeter
Listed By:
Bart Cohn · License KS #000010812
(913) 491-8900
Source:
Crexi
Added: Nov 2
Changed: Nov 8
Last Checked: Nov 8 at 4:39PM
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 Varnum Armstrong Deeter
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Investment Insights
Based on property information with market context.
This mixed-use property comprises two buildings at 7925 and 7933 State Avenue, with 33,600 SF combined and 16,800 SF in each. Both buildings have 8,400 SF of street-level retail, fully leased, above an 8,400 SF walk-out lower level. The lower floor at 7925 State is fully leased; the corresponding space at 7933 State is about 55% leased and includes 1,400 SF of office space plus a 2,400 SF bay fitted with plumbing and stud walls. Both roofs and the parking lot have been replaced.
The property is on the MAX bus line, 1½ miles east of Village West. Nearby destinations include Kansas Speedway, Tanger Outlets at the Legends, Sporting Park, Hollywood Casino and Margaritaville Resort. A new Kansas City Chiefs stadium is also identified among nearby attractions. Two apartment complexes under construction in the area will add 344 units.
The property is on the MAX bus line, 1½ miles east of Village West. Nearby destinations include Kansas Speedway, Tanger Outlets at the Legends, Sporting Park, Hollywood Casino and Margaritaville Resort. A new Kansas City Chiefs stadium is also identified among nearby attractions. Two apartment complexes under construction in the area will add 344 units.
Key Highlights
- Two buildings total 33,600 SF, with 16,800 SF in each
- Each building has 8,400 SF of fully leased street‑level retail
- Lower level at 7925 State is fully leased; 7933 State lower level is approximately 55% leased
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$324,802
Cap Rate
8.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,496,040
$6.5M
Cap Rate 7%
$4,640,029
$4.6M
Cap Rate 9%
$3,608,911
$3.6M
Market Conditions
NOI Build-Up for 33,600 SF
Gross rent
$483.8K $14.40/SF
− Vacancy
−$19.8K −$0.59/SF
EGI
$464.0K $13.81/SF
− OpEx
−$139.2K −$4.14/SF
NOI
$324.8K $9.67/SF
Area
Kansas City, KS
Vacancy
4.10%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,496,040
Cap Rate 7%
$4,640,029
Cap Rate 9%
$3,608,911
Alternative Uses
Best Use
Retail
$4.64M
$4.06M – $5.41M
NOI $324,802 @ 7.0% cap · market cap 8.22%
Second Best
Mixed Use
$4.54M
$3.97M – $5.29M
NOI $317,520 @ 7.0% cap · market cap 8.04%
Theoretical Best
Office A
$5.57M
$4.87M – $6.49M
NOI $389,659 @ 7.0% cap · market cap 9.86%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
540
Businesses Nearby
179k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 45%
Dining 31%
Apparel 13%
Groceries 5%
McDonald's
Dining
32,272 visits/mo
0.5 miles
Five Below
Shops & Services
24,351 visits/mo
0.2 miles
Marshalls
Apparel
18,233 visits/mo
0.2 miles
Dollar Tree
Shops & Services
17,835 visits/mo
0.3 miles
SONIC Drive In
Dining
9,413 visits/mo
0.2 miles
Demographics for 66112, KS
12,507
Population
5,512
Households
2.3
Avg Household Size
36
Median Age
29%
College-Educated
88%
High-School Grad
5.5 sq mi
ZIP Area
2,274
Density / Sq Mi
$62,824
Median Household Income
$38,441
Median Earnings
$1,132
Median Rent
$186,300
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Street-level retail and lower-floor space create a mix of occupied storefronts and additional commercial area.
Where is this mixed-use property located?
The property is located at 7925 & 7933 State Avenue Kansas City, KS.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: Two buildings total 33,600 SF, with 16,800 SF in each; Each building has 8,400 SF of fully leased street‑level retail; Lower level at 7925 State is fully leased; 7933 State lower level is approximately 55% leased
