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Property profile & analytics
OFF-MARKET
Hotels

116 46th St Kansas City, MO 64112-1702

2,064 SF 0.48 ac lot Built 1910
Entity Owned 7-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US48-0862088
Property summary
AI-generated overview

This exceptional investment opportunity presents a beautifully renovated, 15-room boutique hotel in Kansas City, Missouri's highly desirable Country Club Plaza submarket. The property, encompassing two buildings across 11,595 square feet on a 0.5-acre lot, boasts a rich history, having been originally built in 1910 and extensively renovated in 2020. The hotel features 14 parking spaces and is zoned R-1.5. Individual suites, each offering unique amenities such as jetted bathtubs, fireplaces, and private balconies, cater to both leisure and business travelers. A commercial kitchen adds versatility for catering events or expanding food and beverage offerings. The hotel's prime location provides easy access to numerous attractions, including the Country Club Plaza, Westport Entertainment District, and several renowned museums. Furthermore, its proximity to the future 45th & Main Streetcar stop (anticipated completion Spring 2025) offers convenient access to other key areas of Kansas City. With high occupancy rates and strong growth potential in a thriving arts district, this hotel represents a compelling owner/user investment opportunity, priced at $3,500,000 ($301.85 per square foot). The property's three stories and 15 beds provide ample capacity for a variety of guests and events. This is a rare chance to acquire a well-established, high-performing hotel in a coveted location.

Property profile
Verified
Property type Hotels
Use group HOTEL/MOTEL
Year built 1910
Construction WOOD
Total area 2,064 SF
Lot 0.48 ac (20,909 SF)
APN 30-520-13-07
UPID US48-0862088
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Southmoreland on the Plaza Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
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by Request
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Southmoreland Partners LLC · 7 yrs held
Southmoreland Partners LLC
since 2019
3 recorded transactions
2019
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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