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

    1656 Washington St Kansas City, MO 64108

    • Office buildings
    • 12,000 SF
    • 1.03 lot acres
    For Lease
    View listing
    $24 SF/Yr
    Value Estimations
    $770,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US48-0177069
    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

    • Landers Law Firm LLC / Divorce Lawyer / Attorney
    • Walker James D / Attorney
    • Mock Law, LLC / Criminal Justice Attorney
    • Screenland Theatre & Events / Event Planner / Real Estate Agency
    • Peek Valuations / Financial Consultant / Business To Business Service

    Property Details for 1656 Washington St

    Year built
    1924
    Construction
    CONCRETE
    Lot size
    1.03 lot acres
    Property size
    12,000 SF
    Zone code
    M1
    Property type
    Office buildings
    APN
    29-340-18-03
    APU
    293401803

    Description

    1656 Washington Street in Kansas City, Missouri offers exceptional executive office and storefront retail space within a beautifully renovated historic building. This single, three-story building, constructed in 1913 and extensively renovated in 2001, boasts a total of 40,449 square feet. Currently, there are 33,929 square feet of vacant space available, divisible into units ranging from a minimum of 832 square feet to a maximum contiguous space of 16,875 square feet. The property is zoned AG1 and is located in Jackson County, with the convenient zip code of 64108. The building features attractive exposed concrete floors and lofted ceilings throughout, creating a unique and desirable workspace. Tenancy is multiple, allowing for flexibility in leasing arrangements. Ample free gated parking is provided for tenants and their clients. The building also offers the opportunity for prominent building signage, enhancing visibility and brand recognition. The recently renovated exterior and interior common areas contribute to a professional and inviting atmosphere. This property presents a rare opportunity to secure high-quality office or retail space in a vibrant Kansas City location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $470,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,068,000
      Market price range: $565k - $1.58M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,010,000
      Current use
      AUTO REPAIR, GARAGE
      $1,025,000
      Change: +1% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $985,000
      Change: -2% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Kansas City
    County
    Jackson
    State
    Missouri
    Longitude
    -94.5902
    Latitude
    39.0935
    CBSA code
    28140
    CBSA name
    KANSAS CITY, MO-KS METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $37,335
    $116,256
    $690,560
    $806,816
    -
    $0.00
    $0.00
    $2,521,300

    Comparable in this City

    • Value Estimation
      $3,085,000
      24,084 SF

      2101 Charlotte St

      OFFICE BUILDING • 24,084 SF
      2101 Charlotte St, Kansas City, MO 64108-2727
      View Details
    • Value Estimation by Request
      1,500 SF

      1600 Smt St

      OFFICE BUILDING • 1,500 SF
      1600 Smt St, Kansas City, MO 64108-1140
      View Details
    • Value Estimation
      $4,580,000
      38,054 SF

      2301 Mcgee St

      OFFICE BUILDING • 38,054 SF
      2301 Mcgee St, Kansas City, MO 64108-2660
      View Details
    • Value Estimation by Request
      1,427 SF

      2546 Holmes St

      OFFICE BUILDING • 1,427 SF
      2546 Holmes St, Kansas City, MO 64108-2743
      View Details
    • Value Estimation
      $1,850,000
      14,100 SF

      2020 Baltimore Ave

      OFFICE BUILDING • 14,100 SF
      2020 Baltimore Ave, Kansas City, MO 64108-1973
      View Details
    • Value Estimation by Request
      4,704 SF

      1815 Central St

      OFFICE BUILDING • 4,704 SF
      1815 Central St, Kansas City, MO 64108-2010
      View Details

    Similar Nearby for Sale

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      Crossroads Arts District Versatile Property

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      Office Building with Investment Potential

      Opportunity Zone location, investment or owner/user potential.
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      5,000 SF office/retail building in the heart of Crossroads.
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    • Contact for pricing
      6,050 SF

      6,050 SF Office Building

      6,050 SF office building with 34 parking spaces.
      2131 Washington St, Kansas City, MO 64108
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
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      Prime KCMO Office Suite, 1300 SF Available
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      Office space available for lease in the Marietta Chair Building.
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      Prime KC Executive Office Space

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      Downtown KC Creative Office Space

      4,000 SF 3rd Floor Office, Available Now
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    • $22 SF/Yr
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      Prime KC Executive Office Space

      1,987 SF Available in Historic Building
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    • Contact for pricing
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      Corrigan Station II Office Space

      Modern KCMO Office, 66K-69K SF
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      View Details
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    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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