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    1740 92Nd St Kansas City, MO 64114

    Sponsored
    For Lease
    $17 SF/Yr

    Class A Office, Sublease Opportunity

    Lot size:
    46,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    400
    This exceptional Class A office space, located at 1740 W 92nd Street in Kansas City, Missouri, 64114, presents a unique sublease opportunity. The property boasts a total of 46,000 square feet spread across three stories, offering flexible space options ranging from 2,000 square feet to the entire building. The building is a single-tenant property, currently configured as a blend of private offices, collaborative work areas, and dedicated conference and training rooms. This is ideal for a company seeking a move-in ready solution with high-end finishes. The entire space underwent a complete renovation in 2019, ensuring modern amenities and a professional atmosphere. The property's classification as a "Traditional Office" and "Executive Office" subtype reflects its suitability for a variety of business needs, from smaller teams to larger organizations. Its convenient location in Kansas City, Missouri provides easy access to major transportation routes and local amenities. The building's size and layout offer significant potential for customization to meet specific business requirements. This is a rare opportunity to secure a fully renovated, high-quality office space in a desirable Kansas City location. Inquire today to learn more about this exceptional sublease opportunity.

    Property Features for 1740 92Nd St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    46,000 SF
    Total Rate
    67083.33

    Building Details

    Stories
    3

    Unit(s) available at that property

    Space
    Size
    46,000 SF
    Rate per SF
    $25

    HighLights

    • Class A fully furnished office space available.
    • Suites ranging from 2,000 to 46,000 square feet (full building).
    • Suitable for schools, corporate training centers, tech firms, logistics, and other professional office users.
    • Three floors with approximately 15,000‑square‑foot floor plates each.
    • High‑end finishes from a 2019 complete renovation.
    • Convenient State Line Road/Ward Parkway location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Centriq Technical School Courtney Witt Counseling Psychotherapist Hollywood Animation Academy Educational Institution Webster University University

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Kansas City
    County
    Platte
    State
    Missouri
    Longitude
    -94.6070368
    Latitude
    38.9633727

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    FAQs

    What type of property is this?
    Office Property / Space - Class A Office, Sublease Opportunity
    Where is this office property / space located?
    The property is located at 1740 92Nd St Kansas City, MO.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: Class A fully furnished office space available.; Suites ranging from 2,000 to 46,000 square feet (full building).; Suitable for schools, corporate training centers, tech firms, logistics, and other professional office users.
    Request Owner's contact information
    1740 92Nd St Kansas City, MO 64114
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    Kansas City, MO 64114
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1740 92Nd St Kansas City, MO 64114
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