Retail Property on Wornall
For Sale
Contact for pricing
Pending
8026 Wornall Rd, Kansas City, MO 64114
Retail property with long-term tenant in high-traffic area.
Property Size15,966 SF
Days on Market680
Property Features for 8026 Wornall Rd
General Information
Standard status
Pending
Size
15,966 SF
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Building Details
Tenancy
Single
Listing Agency:
AREA Real Estate Advisors
Listed By:
andy epstein · License #1999023787
Source:
Crexi
Added: Oct 24, 2024
Changed: Aug 25
Last Checked: Aug 31 at 4:42AM
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
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
$150,167
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
6.24%
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%
$3,003,340
$3.0M
Cap Rate 7%
$2,145,243
$2.1M
Cap Rate 9%
$1,668,522
$1.7M
Market Conditions
NOI Build-Up for 15,966 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
$224.2K $14.04/SF
− Vacancy
−$9.6K −$0.60/SF
EGI
$214.5K $13.44/SF
− OpEx
−$64.4K −$4.03/SF
NOI
$150.2K $9.41/SF
Area
Kansas City, MO
Vacancy
4.30%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
30.00%
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%
$3,003,340
Cap Rate 7%
$2,145,243
Cap Rate 9%
$1,668,522
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
475
Businesses Nearby
92k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 47%
Shops & Services 36%
Apparel 16%
Home Improvements & Furnishings 1%
McDonald's
Dining
17,479 visits/mo
0.4 miles
Casey's
Shops & Services
9,476 visits/mo
0.2 miles
City Thrift
Apparel
9,253 visits/mo
0.4 miles
Taco Bell
Dining
8,392 visits/mo
0.2 miles
GO Car Wash
Shops & Services
7,874 visits/mo
0.4 miles
Demographics for 64114, MO
24,008
Population
13,463
Households
1.8
Avg Household Size
39
Median Age
56%
College-Educated
97%
High-School Grad
7.1 sq mi
ZIP Area
3,381
Density / Sq Mi
$77,643
Median Household Income
$53,965
Median Earnings
$1,304
Median Rent
$257,400
Median Home Value
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?
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
