Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    5900 63Rd Ter Kansas City, MO 64151

    Sponsored
    For Lease
    $25 SF/Yr

    Prime Mixed-Use Retail Space Available

    Lot size:
    165,419 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    404
    The Village at Burlington Creek offers a unique opportunity to lease retail space within a thriving mixed-use community in Platte County. This premier neighborhood center, totaling 165,419 square feet, features a convenient location just off I-29 and 64th Street, providing excellent accessibility. Currently, 15,088 square feet of retail space is available for lease within this vibrant center, which boasts a diverse mix of established businesses, restaurants, and service providers. Built in 2006, the property sits on a generous 18.3-acre lot and offers ample parking with 596 spaces for customers and employees. The Village at Burlington Creek has become a significant part of the Northland's business community, experiencing consistent growth and attracting a substantial customer base. This makes it an ideal location for businesses seeking high visibility and strong foot traffic. The property's strategic location and established tenant mix create a compelling investment opportunity for businesses looking to establish or expand their presence in a thriving area. The available space presents a chance to become part of a successful and well-established community center, benefiting from the existing synergy and established customer base. The property's size and amenities make it suitable for a variety of retail uses.

    Property Features for 5900 63Rd Ter

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    165,419 SF
    Total Rate
    344622.92

    Building Details

    Year Built
    2006

    Unit(s) available at that property

    Space
    Suite 6334
    Size
    5,095 SF
    Rate per SF
    $25
    Space
    Suite 5908
    Size
    5,755 SF
    Rate per SF
    $25
    Space
    Suite 6125
    Size
    2,922 SF
    Rate per SF
    $25
    Space
    Suite 6209
    Size
    2,383 SF
    Rate per SF
    $25
    Space
    Suite 5914B
    Size
    1,164 SF
    Rate per SF
    $25
    Space
    Suite 6008
    Size
    1,994 SF
    Rate per SF
    $25
    Space
    Suite 5904
    Size
    5,755 SF
    Rate per SF
    $25
    Space
    Suite 6052
    Size
    2,326 SF
    Rate per SF
    $25
    Space
    Suite 6356
    Size
    1,514 SF
    Rate per SF
    $25

    We can help!

    Listing Contact
    Justin Beal
    Justin Beal

    Learn more

    HighLights

    • Retail property totaling 165,419 square feet.
    • Mixed‑use development with multiple tenants.
    • 15,088 square feet of vacant space available.
    • Situated on an 18.3‑acre lot in Platte County.
    • Built in 2006.
    • Features 596 parking spaces.
    Property Profile Location Intelligence

    Current Use by Public Records

    Epic Vision Eye ... Optometrist Picture Hills Optometric Optometrist Curtis D. Myers, ... Optometrist Ryan Hiesterman Optometrist Thomas Anderson Optometrist

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Kansas City
    County
    Platte
    State
    Missouri
    Longitude
    -94.6487805
    Latitude
    39.2087138

    Nearby Similar for Lease

    • $16 SF/Yr
      129,809 SF

      Gladstone Office Space For Rent

      Move-in ready office suites in high-traffic Gladstone location.
      5601 NE Antioch Rd, Kansas City, MO 64119
      View Details
    • $2,500 /Mo
      30,492 SF

      Office Space with Private Offices

      Office space featuring ample natural light and private offices.
      8320 N Oak - 222 Trfy, Kansas City, MO 64118
      View Details
    • $1.00 SF/Yr
      16,117 SF

      Kansas City Commercial Space Available

      Prime location suitable for daycare, group home, or church.
      1844 Benton Blvd, Kansas City, MO 64127
      View Details
    • $1,250 /Mo
      30,492 SF

      Kansas City Basement Office Space

      Basement office space with private office, break room, and storage.
      8320 N Oak Trfy, Kansas City, MO 64118
      View Details
    • $1,500 /Mo
      6,534 SF

      Charming Office Space in Kansas

      1,040 sq ft office space with original features.
      4342 Belleview St, Kansas City, MO 64111
      View Details
    • $2,000 /Mo
      60,548 SF

      Retail Space in Thriving Center

      Retail space suitable for coffee shop or limited food service.
      4112 NE Vivion Rd, Kansas City, MO 64119
      View Details
    • $20 SF/Yr
      130,680 SF

      Kansas City Commercial Space Available

      Office and retail space available for lease in Kansas City.
      13610 Washington St, Kansas City, MO 64145
      View Details
    • $2,200 /Mo
      130,680 SF

      Retail Space in Kansas City

      Retail space available for lease in Kansas City, Missouri.
      13606 Washington St, Kansas City, MO 64145
      View Details
    • $12 SF/Yr
      30,056 SF

      Free Standing Building, Kansas City

      Exceptional building in excellent location with large parking lot.
      5911 Barry Rd, Kansas City, MO 64154
      View Details
    • $26 SF/Yr
      12,333 SF

      Premier Office Space Available

      Modern office space with advanced amenities in downtown Kansas.
      1201 Walnut St, Kansas City, MO 64106
      View Details
    • $4 SF/Yr
      80,365 SF

      Kansas City Industrial Building

      Versatile industrial building with highway access in Kansas City, MO.
      4700 Deramus Ave, Kansas City, MO 64120
      View Details
    • Contact for pricing
      160,000 SF

      Class A Mixed-Use Tower

      160,000 SF of Class A office space for lease.
      22nd St & Main St, Kansas City, MO
      View Details

    FAQs

    What type of property is this?
    Retail property - Prime Mixed-Use Retail Space Available
    Where is this retail property located?
    The property is located at 5900 63Rd Ter 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: Retail property totaling 165,419 square feet.; Mixed-use development with multiple tenants.; 15,088 square feet of vacant space available.
    Request Owner's contact information
    5900 63Rd Ter Kansas City, MO 64151
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5900 63Rd Ter
    Kansas City, MO 64151
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    5900 63Rd Ter Kansas City, MO 64151
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Justin Beal
    Justin Beal
    Real Estate License ID: MO 2014037443
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.