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    1111 Main St Kansas City, MO 64105

    Sponsored
    For Lease
    $19 SF/Yr ($7,094 /Mo)

    4,481 SF Executive Suite, Prime Location

    Lot size:
    4,481 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    407
    This exceptional 4,481-square-foot executive office suite is located in a prestigious Class A, 34-story building at 1111 Main Street, Suite 2050, in downtown Kansas City, Missouri. The building, the second tallest habitable structure in Kansas City and third tallest in the state, commands a full city block at the northeast corner of 12th Street and Main Street. The suite offers stunning views of the city. This single-tenant space is part of a mixed-use high-rise with a ground floor featuring retail establishments. The building boasts 17 passenger and freight elevators, ensuring efficient access to all floors. Conveniently located, the property is steps away from the Power & Light entertainment district. Ample parking is available with over 2,500 spaces in adjacent garages. Building amenities include a recently renovated, state-of-the-art fitness center with top-of-the-line equipment and a modern conference center equipped with advanced virtual conferencing technology. 24/7 on-site security, a building concierge, and security turnstiles provide a safe and secure environment. This is a truly remarkable opportunity to secure a premier executive office space in a landmark Kansas City building. The suite is currently vacant and ready for immediate occupancy. Located in Jackson County.

    Property Features for 1111 Main St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,481 SF
    Class
    A
    Total Rate
    7094.92

    Building Details

    Buildings
    1
    Stories
    34

    Unit(s) available at that property

    Space
    Suite 2050
    Size
    4,481 SF
    Rate per SF
    $19

    We can help!

    Listing Contact
    Molly Crawford
    Molly Crawford

    Learn more

    HighLights

    • 4,481 SF of Class A executive office space available for lease in a single‑tenant occupancy.
    • Located in a 34‑story building with 17 passenger and freight elevators.
    • Building offers 2,500 parking spaces in adjacent garages.
    • Property features stunning downtown Kansas City views and a recently renovated fitness center.
    • Includes a state‑of‑the‑art conference center with virtual conferencing capabilities and 24/7 security.
    • Prime location steps from the Power & Light entertainment district in Jackson County.
    Property Profile Location Intelligence

    Current Use by Public Records

    Kristopher J. Bruso, ... Cosmetic Dentist Richard T. Bryant ... Law Firm Center For Practical Bioethics Non-Profit Organization Paul D Blackman, ... Family Law Attorney Talge Andrew S Attorney

    Suggested Use

    Realty agency Dental Office Spa & Massage Nail Salon Hair Salon Restaurant Daycare Center Building Supply Clothing Store Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Kansas City
    County
    Jackson
    State
    Missouri
    Longitude
    -94.5895294
    Latitude
    39.1045785

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    FAQs

    What type of property is this?
    Office Property Space - 4,481 SF Executive Suite, Prime Location
    Where is this office property space located?
    The property is located at 1111 Main St Kansas City, MO.
    What is the lease rate?
    The lease rate is $19 SF/Yr.
    What are key features of this property?
    This property features: 4,481 SF of Class A executive office space available for lease in a single-tenant occupancy.; Located in a 34-story building with 17 passenger and freight elevators.; Building offers 2,500 parking spaces in adjacent garages.
    Request Owner's contact information
    1111 Main St Kansas City, MO 64105
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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.

    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
    1111 Main St Kansas City, MO 64105
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    We can help!
    Listing Contact
    Molly Crawford
    Molly Crawford
    Real Estate License ID: MO 2013039850
    Learn more
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