Spira Care Medical Office
8765 N Ambassador Dr, Kansas City, MO 64154
For Sale
Contact for pricing
Single-tenant medical office in high-traffic retail corridor.
Property Size11,950 SF
Lot Size2.30 Acres
Price / SF$495.56
Days on Market264
Property Features for 8765 N Ambassador Dr
General Information
Standard status
Size
Class
Lot size
Property subtype
Occupancy
Lease Type
Investment Type
Net Operating Income
Site & Location
Neighborhood
Building Details
Year Built
Buildings
Stories
Tenancy
Listing Agency:
Lee & Associates San Diego - Carlsbad
Listed By:
Ryan Bennett · License CA #01826517
(760) 519-0240
Source:
Crexi
Added: Feb 20
Changed: Aug 13
Last Checked: Aug 7 at 8:57AM
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 Lee & Associates San Diego - Carlsbad
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Investment Insights
Based on property information with market context.
The property is a newly constructed, single-tenant Spira Care medical office facility, built in 2019. The building has 11,950 square feet and is situated on approximately 2.3 acres. The property is located within the Tiffany Springs retail corridor. The lease commenced January 1, 2020, and runs through December 31, 2029, with two five-year renewal options. The lease features 10% rental increases every five years and is structured as NN. The tenant reimburses insurance and property taxes, and the landlord has limited responsibilities due to a 15-year roof warranty. The property is located at the crossroads of Interstate 29 and Highway 152, benefiting from traffic counts exceeding 66,000 vehicles per day on I-29 and 36,800 vehicles per day on Route 152. The site is surrounded by national retailers including Target, Walmart Supercenter, Lowe’s, Home Depot, Hy-Vee, and Dick’s Sporting Goods. It is located approximately six miles from Kansas City International Airport and benefits from healthcare adjacency to St. Luke’s North Hospital, and continued residential and commercial development.
Key Highlights
- Corporate lease guaranteed by Blue Cross and Blue Shield of Kansas City (Blue KC).
- Newly constructed (2019) single‑tenant Spira Care medical office property.**
- Located in the highly trafficked Tiffany Springs retail corridor at the crossroads of Interstate 29 and Highway 152.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$168,832
Cap Rate
2.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,376,640
$3.4M
Cap Rate 7%
$2,411,886
$2.4M
Cap Rate 9%
$1,875,911
$1.9M
Market Conditions
NOI Build-Up for 11,950 SF
Gross rent
$269.6K $22.56/SF
− Vacancy
−$44.5K −$3.72/SF
EGI
$225.1K $18.84/SF
− OpEx
−$56.3K −$4.71/SF
NOI
$168.8K $14.13/SF
Area
Kansas City, MO
Vacancy
16.50%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,376,640
Cap Rate 7%
$2,411,886
Cap Rate 9%
$1,875,911
Alternative Uses
Best Use
Office B
$2.41M
$2.11M – $2.81M
NOI $168,832 @ 7.0% cap · market cap 2.85%
Second Best
Healthcare Medical
$2.26M
$1.98M – $2.64M
NOI $158,314 @ 7.0% cap · market cap 2.67%
Theoretical Best
Office A
$2.85M
$2.49M – $3.32M
NOI $199,246 @ 7.0% cap · market cap 3.36%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
295
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 64154, MO
12,986
Population
6,343
Households
2
Avg Household Size
37
Median Age
50%
College-Educated
97%
High-School Grad
12.9 sq mi
ZIP Area
1,007
Density / Sq Mi
$92,686
Median Household Income
$51,870
Median Earnings
$1,384
Median Rent
$351,000
Median Home Value
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Market
Vacancy Rate% for Office in Kansas City, MO
Similar Off Market Nearby
- Banfield Pet Hospital — 8970 NW Skyview Ave, Kansas City, MO 64154
Frequently Asked Questions
What type of property is this?
Medical Office Space - Single-tenant medical office in high-traffic retail corridor.
Where is this medical office space located?
The property is located at 8765 N Ambassador Dr Kansas City, MO.
What is the asking price?
The asking price for this property is $5,922,000.
What are key features of this property?
This property features: Corporate lease guaranteed by Blue Cross and Blue Shield of Kansas City (Blue KC).; Newly constructed (2019) single‑tenant Spira Care medical office property.**; Located in the highly trafficked Tiffany Springs retail corridor at the crossroads of Interstate 29 and Highway 152.
