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

    2045 Broadway Blvd Kansas City, MO 64108

    • Retail space
    • 3,600 SF
    • 0.09 lot acres
    For Lease
    View listing
    $24 SF/Yr
    Last Sale
    May 06, 2020
    Value Estimations
    $400,000
    Cap Rate Potential
    9.8%
    Retail space
    Location Intelligence
    Property ID
    US48-0558248
    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

    • The Broadway Bank / Bank
    • Express Cash Advance Loans / Loan Agency
    • SistaSista Beauty and Nail Salon / Beauty Salon

    Property Details for 2045 Broadway Blvd

    Year built
    1890
    Construction
    WOOD
    Lot size
    0.09 lot acres
    Property size
    3,600 SF
    Zone code
    M1
    Property type
    Retail space
    APN
    29-520-41-11
    APU
    295204111

    Description

    This exceptional executive office space at 2045 Broadway Boulevard in Kansas City, Missouri, offers a unique blend of historic charm and modern amenities. Located in the vibrant 64108 zip code, this two-story building boasts 5,396 total square feet, with a substantial 3,704 square feet currently vacant and immediately available for lease. Originally constructed in 1890 and extensively renovated in 2020, the property features exposed birch and lofted ceilings, creating a sophisticated and inspiring work environment. Abundant natural light floods the space through newly installed windows and skylights. The available space is on the second floor and is divisible down to 1,692 square feet, offering flexibility for various business needs. The maximum contiguous space available is 3,704 square feet. Building signage is also available, providing excellent branding opportunities. The asking rate is $24.00 per square foot, net of utilities and janitorial services. The property's APN is 29-520-41-11-00-0-00-000. This is a rare opportunity to secure a prestigious and well-appointed office space in a highly desirable Kansas City location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $345,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $565,000
      6.5%
      $520,000
      7%
      $485,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $372,000
      Market price range: $220k - $602k

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

    Location Insight

    • Map
    • Local Demand
    City
    Kansas City
    County
    Jackson
    State
    Missouri
    Longitude
    -94.5888
    Latitude
    39.0876
    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
    $9,812
    $64,896
    $41,120
    $106,016
    -
    $0.00
    $0.00
    $331,300

    Comparable in this City

    • Value Estimation
      $285,000
      1,632 SF

      1659 Smt St

      RETAIL STORES (PERSONAL SERVICES) • 1,632 SF
      1659 Smt St, Kansas City, MO 64108-1139
      View Details
    • Value Estimation
      $365,000
      2,200 SF

      1805 Locust St

      RETAIL STORES (PERSONAL SERVICES) • 2,200 SF
      1805 Locust St, Kansas City, MO 64108-1721
      View Details
    • Value Estimation
      $460,000
      5,584 SF

      1833 Mcgee St

      RETAIL STORES (PERSONAL SERVICES) • 5,584 SF
      1833 Mcgee St, Kansas City, MO 64108-1817
      View Details
    • Value Estimation
      $285,000
      1,596 SF

      1701 18th St

      RETAIL STORES (PERSONAL SERVICES) • 1,596 SF
      1701 18th St, Kansas City, MO 64108-1611
      View Details
    • Value Estimation
      $320,000
      2,240 SF

      517 18th St

      RETAIL STORES (PERSONAL SERVICES) • 2,240 SF
      517 18th St, Kansas City, MO 64108-1508
      View Details
    • Value Estimation by Request
      10,000 SF

      2695 Troost Ave

      Individual retail properties • 10,000 SF
      2695 Troost Ave, Kansas City, MO 64108
      View Details

    Similar Nearby for Sale

    • $4,500,000
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      Crossroads Arts District Mixed-Use Building

      Unique mixed-use building in the heart of the Crossroads Arts District.
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      Two-story building with retail and office space available for sale.
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    • $1,600,000

      Crossroads Restaurant Building - KC MO

      Prime Restaurant Location, High Visibility
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      6,228 SF

      Turn-Key Restaurant and Bar

      Established restaurant and bar on Southwest Boulevard for sale.
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      View Details
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      6,228 SF

      Prime KC Restaurant on SW Blvd

      Established Mexican Restaurant, 6,228 SF
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      3,280 SF

      Retail Property in Kansas City

      Retail property with 3,280 square feet of space.
      1220 W 31St St, Kansas City, MO 64108
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      5,348 SF

      Troost Ave Executive Office Space

      Prime KCMO Office Suite, 1300 SF Available
      2321 Troost Ave, Kansas City, MO 64108
      View Details
    • $12 SF/Yr
      21,000 SF

      Midtown KC Office Space

      Prime location, flexible layouts, modern amenities.
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      View Details
    • $18 SF/Yr
      1,272 SF

      Retail and Office Space Available

      Retail and office spaces for rent in Jazz District.
      1601 E 18Th St, Kansas City, MO 64108
      View Details
    • $24 SF/Yr
      40,449 SF

      Prime KC Executive Office Space

      Historic building, modern offices, ample parking.
      1656 Washington St, Kansas City, MO 64108
      View Details
    • $4,800 /Mo
      3,200 SF

      Retail Space on Main Street

      Versatile retail space with streetcar access and on-site parking.
      2000 Main St, Kansas City, MO 64108
      View Details
    • $4,200,000
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      Martini Corner Retail and Office

      Located in Martini Corner, featuring retail and office suites.
      327 E 31St St, Kansas City, MO 64108
      View Details
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    2045 Broadway Blvd
    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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