Mixed-Use Building with Rooftop
905 Broadway Boulevard Kansas City, MO 64105
905 Broadway Boulevard, Kansas City, MO, 64105
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For Sale
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Historic 1902 building renovated in 2018 offers 25 loft-style units plus three commercial spaces.
Property Size18,962 SF
Price / SF$237.05
Days on Market77
Property Features for 905 Broadway Boulevard
General Information
- Standard status
- Active
- Size
- 18,962 SF
- Property subtype
- Multifamily, Mixed Use
Building Details
- Year Built
- 1902
Listing agency
Lutz Sales + Investments
(913) 426-5576
Listed by
Michelle Lutz · License #00239672
Source
Crexi
Added: May 6 Updated: Jul 21 at 6:18AM Checked: Jul 21 at 6:18AM
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 Lutz Sales + Investments
Investment Insights
Based on property information with market context.
Mulberry Lofts is a mixed-use property originally constructed in 1902 and completely renovated down to the studs in 2018. The building includes 25 loft-style residential units and three commercial spaces. Residential interiors feature exposed brick, original wood detailing, and historic tin ceilings, along with in-unit laundry and stainless steel appliances. Common and resident amenities include a rooftop patio, a fully equipped fitness center, secured entry, and a lobby with a coffee bar.
The property is located in downtown Kansas City with walkable access to the KC Streetcar and a corridor serving over 65,000 jobs. It also provides immediate access to the Downtown Loop, supporting convenient connections throughout the metro.
On-site parking is provided through an on-site parking garage, and the property is operated under professional management with 100% occupancy at the time of listing.
The property is located in downtown Kansas City with walkable access to the KC Streetcar and a corridor serving over 65,000 jobs. It also provides immediate access to the Downtown Loop, supporting convenient connections throughout the metro.
On-site parking is provided through an on-site parking garage, and the property is operated under professional management with 100% occupancy at the time of listing.
Key Highlights
- Historic 1902 mixed‑use building renovated in 2018, featuring 25 loft‑style residential units plus 3 commercial spaces
- 100% occupancy reported, with professional management in place for stable in‑place rental income
- Loft interiors include exposed brick, original wood detailing, and historic tin ceilings alongside contemporary upgrades
Local Financial Insights For Apartment 5plus
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 | $395.9k | $20.88 |
| − Vacancy | −$25.7k | −$1.36 |
| EGI | $370.2k | $19.52 |
| − OpEx | −$166.6k | −$8.79 |
| NOI | $203.6k | $10.74 |
18,962 SF · lease $20.88/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.91M
$2.55M – $3.39M
NOI $203,605 @ 7.0% cap · market cap 4.53%
Second Best
Retail
$2.55M
$2.23M – $2.97M
NOI $178,345 @ 7.0% cap · market cap 3.97%
Theoretical Best
Office A
$4.52M
$3.95M – $5.27M
NOI $316,159 @ 7.0% cap · market cap 7.03%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Mulberry Lofts
Apartment Building
Subway
Take-out & Catering
New Leaf Move ...
Moving Company
Broadway Massage
Alternative Medicine Practice
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FAQs
What type of property is this?
Apartment building - Historic 1902 building renovated in 2018 offers 25 loft-style units plus three commercial spaces.
Where is this apartment building located?
The property is located at 905 Broadway Boulevard Kansas City, MO.
What is the asking price?
The asking price for this property is $4,495,000.
What are key features of this property?
This property features: Historic 1902 mixed‑use building renovated in 2018, featuring 25 loft‑style residential units plus 3 commercial spaces; 100% occupancy reported, with professional management in place for stable in‑place rental income; Loft interiors include exposed brick, original wood detailing, and historic tin ceilings alongside contemporary upgrades
