Retail Property on Wornall
8026 Wornall Rd Kansas City, MO 64114
8026 Wornall Rd, Kansas City, MO, 64114
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For Sale
Contact for pricing
Pending
Retail property with long-term tenant in high-traffic area.
Property Size15,966 SF
Days on Market634
Property Features for 8026 Wornall Rd
General Information
- Standard status
- Pending
- Size
- 15,966 SF
- Property subtype
- Retail
Listing Agency
AREA Real Estate Advisors
Listed by
andy epstein · License #1999023787
Source
Crexi
Added: Oct 24, 2024 Checked: Jul 19 at 6:01 am
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 AREA Real Estate Advisors
Investment Insights
Based on property information with market context.
This commercial property features 15,966 square feet of leasable space, including 11,580 square feet on the main floor and an additional 4,386 square feet in the basement, which is currently used for production. The property benefits from a long-term tenant with 21 years of occupancy and a new 10+ year extended term. A new roof was installed in 2011. The location on Wornall Road experiences a traffic volume of 14,689 cars per day. The surrounding area has a population of 234,280 people within a 5-mile radius. Nearby tenants include Price Chopper, Aldi, Chipotle, CVS, Walgreens, Sutherlands, Trader Joe’s, AMC, and Target.
Key Highlights
- 10+ Year Extended Tenant Term
- Triple Net Lease
- Boasting 15,966 SF of Leasable Space
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $224.2k | $14.04 |
| − Vacancy | −$9.6k | −$0.60 |
| EGI | $214.5k | $13.44 |
| − OpEx | −$64.4k | −$4.03 |
| NOI | $150.2k | $9.41 |
15,966 SF · lease $14.04/SF/yr · vacancy 4.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.15M
$1.88M – $2.50M
NOI $150,167 @ 7.0% cap · market cap 6.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.80M
$3.33M – $4.44M
NOI $266,206 @ 7.0% cap · market cap 11.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Red Racks DAV ...
Discount Store
Family Thrift Store
Discount Store
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Retail property with long-term tenant in high-traffic area.
Where is this retail space located?
The property is located at 8026 Wornall Rd Kansas City, MO.
What is the asking price?
The asking price for this property is $2,405,000.
What are key features of this property?
This property features: 10+ Year Extended Tenant Term; Triple Net Lease; Boasting 15,966 SF of Leasable Space
