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    Property profile & analytics

    1111 Main St Kansas City, MO 64105

    • Retail properties
    • 1,200,000 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Kristopher J. Bruso, DDS / Dental Office
    • Richard T. Bryant & Associates, P.C. / Law Firm
    • Center For Practical Bioethics / Charitable Organization / Social Service Agency
    • Paul D Blackman, Attorney At Law / Law Firm / Child Welfare Organization
    • Talge Andrew S / Law Firm

    Property Details for 1111 Main St

    Year built
    1986
    Property size
    1,200,000 SF
    Property type
    Retail properties
    Property subtype
    Restaurants

    Description

    This exceptional Class A retail space, located at 1111 Main St in Kansas City, Missouri, presents a unique investment opportunity. Situated within a prominent building boasting 1,200,000 square feet, this 1,389-square-foot unit is part of a larger 34-story structure built in 1986 and extensively renovated in 2021. The property features ample parking with 2,600 spaces and convenient elevator access. The lot size encompasses 1.85 acres, providing excellent visibility and accessibility for customers. The building is designated as a multi-tenant property, currently with one suite available. This space is ideal for a variety of retail or restaurant uses, benefiting from its prime location in a high-traffic area within Jackson County (APN: 29-220-48-25-00-0-00-000) and the 64105 zip code. The property's strategic location and modern amenities make it an attractive option for businesses seeking a thriving commercial environment. The building's impressive size and recent renovations ensure a high-quality space for tenants. This is a rare opportunity to secure a prominent retail presence in a highly desirable Kansas City location.

    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
    Jackson
    State
    Missouri
    Longitude
    -94.5702
    Latitude
    39.104

    Comparable in this City

    • Value Estimation
      $880,000
      6,256 SF

      114 3rd St

      RETAIL STORES (PERSONAL SERVICES) • 6,256 SF
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    • Value Estimation by Request
      4,050 SF

      1301 Woodswether Rd

      RETAIL STORES (PERSONAL SERVICES) • 4,050 SF
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    • Value Estimation by Request
      2,600 SF

      122 5th St

      RETAIL STORES (PERSONAL SERVICES) • 2,600 SF
      122 5th St, Kansas City, MO 64105-1233
      View Details
    • Value Estimation by Request
      2,250 SF

      426 5th St

      RETAIL STORES (PERSONAL SERVICES) • 2,250 SF
      426 5th St, Kansas City, MO 64105-1131
      View Details
    • Value Estimation
      $910,000
      5,670 SF

      408 9th St

      RETAIL STORES (PERSONAL SERVICES) • 5,670 SF
      408 9th St, Kansas City, MO 64105-1410
      View Details
    • Value Estimation by Request
      2,850 SF

      517 Delaware St

      RETAIL STORES (PERSONAL SERVICES) • 2,850 SF
      517 Delaware St, Kansas City, MO 64105-1219
      View Details

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      Retail Space in Kansas City

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    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
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