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

    1111 W 39Th St Kansas City, MO 64111

    • Commercial real estate
    • 102,000 SF
    For Lease
    View listing
    $17 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US48-0914756
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Eternal Eve / Spa
    • Treasure Insurance Services / Renter'S Insurance Agency / Insurance Agency
    • S. M. King Coaching & Consulting / Wedding Service / Youth Club
    • Divine Healing Massage Therapy / Massage Therapist
    • Penthouse National Corp / Real Estate Consultant

    Property Details for 1111 W 39Th St

    Year built
    1903
    Property size
    102,000 SF
    Property type
    Commercial real estate

    Description

    The Loretto, a stunning 102,000 square foot, four-story office building located at 1111 W 39th St in Kansas City, Missouri's vibrant Westport neighborhood, presents a unique investment opportunity. Originally constructed in 1903 and extensively renovated in 2020, this historic building boasts a blend of traditional and executive office spaces, perfect for a variety of businesses. Currently offering multiple tenancies, available spaces range from 150 to 2,302 square feet, providing flexibility for companies of all sizes. The building features 50 parking spaces and elevators for convenient access. Its prime location in Jackson County, zip code 64111, offers excellent visibility and accessibility. The Loretto's rich history as a former girls' school adds to its unique character and charm. This multi-purpose venue also incorporates apartment units and an event space, creating a dynamic and vibrant atmosphere. The building's substantial size and recent renovations ensure modern amenities and functionality within a historically significant structure. This is an exceptional opportunity to secure office space in a highly desirable and well-established Kansas City location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Kansas City
    County
    Jackson
    State
    Missouri
    Longitude
    -94.600374885199
    Latitude
    39.057081206154

    Comparable in this City

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      Historic Grocers Warehouse: KCMO Office

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      Versatile Freestanding Building For Lease

      Freestanding building with flexible floor plans, ideal for various businesses.
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      Mercier Street Industrial Portfolio

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      10,000 SF mixed-use building suitable for retail, office, apartments.
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    Similar Nearby for Lease

    • $14 SF/Yr
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      6,091 SF

      Versatile Freestanding Building For Lease

      Freestanding building with flexible floor plans, ideal for various businesses.
      835 W 39Th St, Kansas City, MO 64111
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      Mercier Street Industrial Portfolio

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      3101-3150 Mercier St, Kansas City, MO 64111
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      Prime Midtown KC Executive Office Space

      20,585 SF Available, Excellent Location
      3822 Summit St, Kansas City, MO 64111
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      Mixed-Use Building in Kansas City

      10,000 SF mixed-use building suitable for retail, office, apartments.
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      Westport Standalone Office Building

      Single tenant office building in the heart of Westport.
      4141 Broadway, Kansas City, MO 64111
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    Kansas City, MO 64111
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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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