Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    516 510.00 In Sales With Liquor License!! Kansas City, KS 66106

    Property Lookup

    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    516 510.00 In Sales With Liquor License!! Kansas City, KS 66106

    View on Map
    • Retail properties & Spaces
    • 7,660 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 516 510.00 In Sales With Liquor License!!

    Year built
    2013
    Property size
    7,660 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    This established Kansas City Mexican restaurant, built in 2013, presents a unique investment opportunity. Boasting 7,660 square feet of space and a full liquor license, this business generated $1,516,510 in sales last year. The restaurant features a sports bar atmosphere with numerous TVs, attracting a loyal customer base within a 5-mile radius. There is no direct competition within this area. The current lease, a NNN agreement, extends until July 15, 2032, with a monthly rent of $9875. The sale includes the established name, concept, and recipes, ensuring a smooth transition for the new owner. The seller is motivated and open to offers. The restaurant's extensive kitchen equipment includes multiple prep tables, ovens, fryers, a tilt skillet, steam tables, and reach-in refrigerators. The seating capacity is 161. This turnkey operation offers significant potential for growth through expanded catering and marketing efforts. The asking price is $235,000, and seller financing is not available. Inventory is not included in the sale price. The seller is transitioning to a new career.

    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
    -94.6967
    Latitude
    39.0704

    Comparable in this City

    • Value Estimation by Request
      22,380 SF

      2400 34Th St

      Restaurants • 22,380 SF
      2400 34Th St, Kansas City, KS 66106
      View Details
    • Value Estimation by Request
      10,640 SF

      3001 Connor Ave

      Churches & religious facilities • 10,640 SF
      3001 Connor Ave, Kansas City, KS 66106
      View Details
    • Value Estimation by Request
      9,068 SF

      3100 24Th St

      Office Units • 9,068 SF
      3100 24Th St, Kansas City, KS 66106
      View Details
    • Value Estimation by Request
      1,606 SF

      4500 Kansas Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,606 SF
      4500 Kansas Ave, Kansas City, KS 66106-1125
      View Details
    • Value Estimation by Request
      1,596 SF

      2103 34th St

      BAR, TAVERN • 1,596 SF
      2103 34th St, Kansas City, KS 66106-3801
      View Details
    • Value Estimation by Request
      4,907 SF

      1411 26th St

      RESTAURANT • 4,907 SF
      1411 26th St, Kansas City, KS 66106-2122
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Historic Kansas City Redevelopment Opportunity

      Commercial kitchen and dining property in Argentine District, Kansas City.
      3001 Connor St, Kansas City, KS 66106
      View Details
    • $395,000

      Auto Shop Investment Opportunity

      Half acre corner lot currently used as auto shop.
      1007 S 25Th St, Kansas City, KS 66106
      View Details
    • $650,000

      Industrial Property with Fenced Acreage

      Industrial property with building, auto lifts, and fenced acreage.
      938 S 26Th St, Kansas City, KS 66106
      View Details
    • Contact for pricing
      5,700 SF

      Retail and Residential Kansas City

      Retail space with residential units in Kansas City, Kansas.
      3005 Strong Ave, Kansas City, KS 66106
      View Details
    • $185,000
      0.14 Acres

      Freestanding Building in Kansas City

      Freestanding building with fenced lot, newer roof, ample parking.
      3410 Gibbs Rd, Kansas City, KS 66106
      View Details
    • $3,500,000
      9,820 SF

      Renovated Truck Shop on 2.13 Acres

      Renovated 7-bay truck shop with office on 2.13 acres.
      336 S 42Nd St, Kansas City, KS 66106
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,427 SF

      Retail Spaces in Shawnee Plaza

      Retail spaces for lease in a high-traffic Kansas City plaza.
      4635 Shawnee Dr, Kansas City, KS 66106
      View Details
    • Contact for pricing
      800 SF

      Retail Spaces Available for Lease

      Retail spaces available in a highly visible Kansas City location.
      2817 S 47Th St, Kansas City, KS 66106
      View Details
    • $5 SF/Yr
      19,780 SF

      Kansas City Industrial Space Available

      24,300 SF industrial space for lease in Kansas City.
      3008-3026 S 24Th St, Kansas City, KS 66106
      View Details
    • Contact for pricing

      Kansas City Industrial Space Available

      Industrial property available for lease in Kansas City, Kansas.
      3008 S 24Th St, Kansas City, KS 66106
      View Details
    • Contact for pricing
      55,977 SF

      Commercial Land Ready to Build

      Commercial land available for rent, utilities to site.
      300 S 55Th St, Kansas City, KS 66106
      View Details
    • Contact for pricing
      7,272 SF

      Flex Warehouse with High Visibility

      Flex/warehouse spaces with high visibility and loading options.
      2810 S 44Th St, Kansas City, KS 66106
      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.
    516 510.00 In Sales With Liquor License!!
    Kansas City, KS 66106
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!