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

    1617 Main St Kansas City, MO 64108

    • Office space
    • 18,000 SF
    For Lease
    View listing
    $20 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US48-0020625
    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

    • Next Move Healthcare / Nursing Agency / Recruiter
    • Lula Southern Cookhouse / Restaurant
    • Wayne Vollmer Construction / Excavating Contractor
    • Neighborly / Corporate Office

    Property Details for 1617 Main St

    Year built
    1927
    Property size
    18,000 SF
    Property type
    Office space

    Description

    This exceptional 4,000 square foot creative office space is located on the third floor of a historic building at 1617 Main Street in Kansas City, Missouri. The building, constructed in 1927, offers a unique blend of character and modern functionality. This single-tenant space boasts a 12-foot ceiling height, providing ample room for creative design and flexible layouts. The space is ideal for creative or professional service businesses seeking a vibrant and inspiring work environment. The layout includes a mix of private offices and open collaborative areas, catering to diverse team needs. Located in the heart of downtown Kansas City, this property benefits from excellent accessibility and proximity to numerous amenities. The building itself comprises 18,000 total square feet across three stories. The property is zoned C3A2 and its Jackson County APN is 29-230-35-06-00-0-00-000. The lease rate is $20.75 per square foot, plus utilities and janitorial services. This is a fantastic opportunity to secure a prime location in a thriving urban setting. The zip code is 64108. Don't miss this chance to establish your business in this desirable Kansas City address.

    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
    -94.583541298013
    Latitude
    39.093770487144

    Comparable in this City

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      750,000 SF

      Prime KCMO Office Building

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      30 Pershing Rd, Kansas City, MO 64108
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    • $300 /Mo
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      112 W 18th Street Creative Office Space

      Crossroads District: Flexible Creative Office Suites
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    • $3,500 /Mo
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      Crossroads Brick Building for Rent

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      Unique Office Space in Kansas

      Renovated office space with historic character and modern amenities.
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    • $23 SF/Yr
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      Office Space in Crown Center

      Office spaces available in Crown Center with modern amenities.
      2600 Grand Blvd, Kansas City, MO 64108
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      Finished Building in Excellent Location

      Single-story building with high ceilings, drive-in door, and parking.
      1829 Mcgee St, Kansas City, MO 64108
      View Details

    Similar Nearby for Sale

    • $1,200,000

      Kansas City Creative Office Space

      Prime Union Hill location, 6,250 SF, $1.2M
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      6,996 SF

      Office/Retail Building in Kansas City

      Two-story building with retail and office space available for sale.
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      12,000 SF

      Adaptable Office Space with Parking

      12,000 SF office with private elevator and garage.
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    • $1,430,000
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      Office Building Near Streetcar

      7,144 SF office building with rooftop deck.
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      Crossroads Multi-Floor Office Building

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      Creative Multipurpose Building For Sale

      6,250 SF creative space in prime Union Hill location.
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      View Details

    Similar Nearby for Lease

    • $21 SF/Yr
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      Globe Building: Main Street Office Space

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    • $4,200,000
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      Martini Corner Retail and Office

      Located in Martini Corner, featuring retail and office suites.
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      Crossroads Art District Office Space

      Office space for rent in the Crossroads Art District.
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      Kansas City Office Space Available

      Office space available for lease in Kansas City, Missouri.
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    • $24 SF/Yr
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      Kansas City Office Space Available

      4,500 square feet of office space for lease.
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    • Contact for pricing
      45,952 SF

      Crossroads Arts District Office Space

      Prime KCMO Office: 5,318 sq ft
      520 Pennway St, Kansas City, MO 64108
      View Details
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    1617 Main St
    Kansas City, MO 64108
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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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