Corner Retail Building with
For Sale
$209,950
Pending
960 Pacific Ave, Kansas City, KS 66101
Heated and cooled retail space on a corner lot with fenced parking and a detached two-car garage.
Property Size1,233 SF
Days on Market266
Property Features for 960 Pacific Ave
General Information
Standard status
Pending
Size
1,233 SF
Zoning
CP-1
Additional Details
Fenced Yard
Yes
Taxes and HOA fees
Annual Taxes
$4,473
Listing Agency:
Lynch Real Estate
(913) 369-3000
Listed By:
Dan Lynch · License #BR00053988
(913) 481-6847
Source:
Exprealty
Added: Dec 15, 2025
Changed: Aug 21
Last Checked: Sep 6 at 12:30PM
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 Lynch Real Estate
Investment Insights
Based on property information with market context.
This commercial building offers approximately 1,233 square feet of heated and cooled open retail space, suited for a range of business uses. The property sits on a corner lot and includes a large fenced parking area for customer or employee parking, along with a detached two-car garage.
The building is zoned CP-1 and can support commercial or light industrial uses. The corner location and on-site parking provide straightforward access for day-to-day operations.
The configuration is an open interior space, designed to be adapted to a tenant’s specific layout and workflow.
The building is zoned CP-1 and can support commercial or light industrial uses. The corner location and on-site parking provide straightforward access for day-to-day operations.
The configuration is an open interior space, designed to be adapted to a tenant’s specific layout and workflow.
Key Highlights
- 1,233 SF heated and cooled open retail/commercial space
- Corner lot commercial building with a large fenced parking lot
- Detached 2‑car garage on the property
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
$11,919
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
5.68%
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%
$238,380
$238.4K
Cap Rate 7%
$170,271
$170.3K
Cap Rate 9%
$132,433
$132.4K
Market Conditions
NOI Build-Up for 1,233 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
$17.8K $14.40/SF
− Vacancy
−$728 −$0.59/SF
EGI
$17.0K $13.81/SF
− OpEx
−$5.1K −$4.14/SF
NOI
$11.9K $9.67/SF
Area
Kansas City, KS
Vacancy
4.10%
Lease Rate
$14.40 /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%
$238,380
Cap Rate 7%
$170,271
Cap Rate 9%
$132,433
Alternative Uses
Best Use
Retail
$170.3K
$149.0K – $198.7K
NOI $11,919 @ 7.0% cap · market cap 5.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$204.3K
$178.7K – $238.3K
NOI $14,299 @ 7.0% cap · market cap 6.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
505
Businesses Nearby
24k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 85%
Dining 15%
Phillips 66
Shops & Services
12,386 visits/mo
0.4 miles
U.S. Bank
Shops & Services
8,149 visits/mo
0.4 miles
Church's Chicken
Dining
3,632 visits/mo
0.5 miles
Demographics for 66101, KS
13,785
Population
5,995
Households
2.3
Avg Household Size
33
Median Age
15%
College-Educated
68%
High-School Grad
3.2 sq mi
ZIP Area
4,308
Density / Sq Mi
$38,819
Median Household Income
$31,654
Median Earnings
$789
Median Rent
$77,300
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - Heated and cooled retail space on a corner lot with fenced parking and a detached two-car garage.
Where is this storefront property located?
The property is located at 960 Pacific Ave Kansas City, KS.
What is the asking price?
The asking price for this property is $209,950.
What are key features of this property?
This property features: 1,233 SF heated and cooled open retail/commercial space; Corner lot commercial building with a large fenced parking lot; Detached 2‑car garage on the property
