Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Rainbow Blvd Kansas City, KS 66103
    Back to Search
    Property profile & analytics

    Rainbow Blvd, Kansas City, KS 66103

    View on Map
    • Retail properties & Spaces
    • 30,560 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 0 Rainbow Blvd

    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    This exceptional Kansas City, KS property, located at 39th St & Rainbow Blvd, offers 30,560 square feet of versatile office and retail space across two, four-story buildings situated on a 6.83-acre lot. The property is ideally suited for a variety of uses, including medical, executive, professional, and retail businesses, or restaurants. Multiple tenancies are available, with a minimum divisible space of 10,675 square feet. Two immediately available spaces are also present, measuring 1,200 and 1,567 square feet respectively. The property's strategic location in Wyandotte County, with a 66103 zip code, benefits from the significant recent growth and modernization of the University of Kansas Hospital and Medical Center, including its designation as a leading National Cancer Institute (NCI) facility. This development has brought substantial economic investment to the area, creating a thriving and dynamic environment for businesses. The property's ample size and flexible space options provide an excellent opportunity for businesses seeking a prominent location in a rapidly developing medical and commercial hub. This is a rare opportunity to secure space in a high-growth area with strong medical and research infrastructure.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Kansas City
    County
    Wyandotte
    State
    Kansas
    Longitude
    -94.6119
    Latitude
    39.0574

    Comparable in this City

    • Value Estimation
      $3,755,000
      53,872 SF

      3591 Rainbow Blvd

      DENTAL BUILDING
      3591 Rainbow Blvd, Kansas City, KS 66103-2078
      View Details
    • Value Estimation by Request
      3,802 SF

      3801 Eaton St

      DENTAL BUILDING
      3801 Eaton St, Kansas City, KS 66103
      View Details
    • Value Estimation
      $890,000
      12,784 SF

      340 Swsw Blvd

      DENTAL BUILDING
      340 Swsw Blvd, Kansas City, KS 66103-2150
      View Details
    • Value Estimation by Request
      2,956 SF

      4527 Rainbow Blvd

      DENTAL BUILDING
      4527 Rainbow Blvd, Kansas City, KS 66103-3428
      View Details
    • Value Estimation by Request
      32,728 SF

      300 Southwest Blvd

      Office Units
      300 Southwest Blvd, Kansas City, KS 66103
      View Details
    • Value Estimation by Request
      3,388 SF

      1847 14Th St

      Office Units
      1847 14Th St, Kansas City, KS 66103
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,100 SF

      Freestanding Retail Building For Sale

      2,100 SF retail building near Woodside Health Club.
      4501 Rainbow Blvd, Kansas City, KS 66103
      View Details
    • $2,300,000

      10 North Hill St, Kansas City, KS 66103

      Warehouses
      10 North Hill St, Kansas City, KS 66103
      View Details
    • $350,000
      3.37 Acres

      Wooded Land Near KU Med

      3.37-acre wooded tract close to major medical and retail.
      155 S Cherokee St, Kansas City, KS 66103
      View Details
    • Contact for pricing
      40,000 SF

      Pad-Ready Site in Business Park

      2.36 acre pad-ready site in a business park.
      1350 Adams St, Kansas City, KS 66103
      View Details
    • $2,600,000
      31,700 SF

      Secured Warehouse with Fenced Lot

      Warehouse with fenced lot, 2,500 SF office, and dock doors.
      19 Elmwood Ave, Kansas City, KS 66103
      View Details
    • $450,000
      0.63 Acres

      Land on Rainbow Boulevard, KCK

      Land with 200' frontage in a growing KCK location.
      4417 Rainbow Blvd, Kansas City, KS 66103
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,480 SF

      Second Generation Restaurant Space

      4,480 SF second generation restaurant space for rent.
      3405 Rainbow Ext, Kansas City, KS 66103
      View Details
    • Contact for pricing
      4,495 SF

      Retail Space Near University

      Retail space near the University of Kansas Medical Center.
      3930 Rainbow Blvd, Kansas City, KS 66103
      View Details
    • Contact for pricing
      4,495 SF

      Retail/Medical Space Near University

      Retail and medical space near the University of Kansas Medical Center.
      3900-3928 Rainbow Blvd, Kansas City, KS 66103
      View Details
    • Contact for pricing
      750 SF

      Kansas City Office Space Available

      Office space available for rent in Kansas City, Kansas.
      2812 W 47Th Ave, Kansas City, KS 66103
      View Details
    • Contact for pricing

      Kansas City Commercial Space Available

      Commercial space available for lease in Kansas City, Kansas.
      & I-35 Adams St, Kansas City, KS 66103
      View Details
    • Contact for pricing
      20,560 SF

      Office Space in Business Park

      Office space with I-35 access and ample parking.
      1155 Adams St, Kansas City, KS 66103
      View Details
    Request Owner's contact information
    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.
    Rainbow Blvd
    Kansas City, KS 66103
    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
    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

    Thank You for Inquiry
    Rainbow Blvd, Kansas City, KS, 66103
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!