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    Property profile & analytics
    FOR LEASE
    High-rise multifamily apartments

    323 W 8Th St, Kansas City, MO 64105

    20,215 SF 0.93 ac lot Built 1910
    Entity Owned 11-yr Hold Absentee Owner
    Property ID
    US48-0173200
    Property summary
    AI-generated overview

    This exceptional 2,866-square-foot ground-level retail space is available for lease within the historic Lucas Place Lofts building in Kansas City, Missouri's vibrant Downtown submarket. Located at 323 W 8th St, zip code 64105, this single-tenant space boasts high visibility and significant foot traffic, benefiting from its location within a building featuring 134 apartments consistently maintaining 95-100% occupancy. The property offers convenient street parking and access to a landlord-owned surface lot. Ideal for businesses seeking a prominent presence in a dynamic, historic neighborhood, this space is nestled in the heart of Kansas City's Garment District, providing unparalleled access to a rich blend of business, cultural, and entertainment options. Its proximity to dense residential developments like Walnut Tower Apartments, Roaster's Block Apartments, and Opera House Lofts ensures a steady stream of potential customers. The space retains original architectural details, creating a unique and inviting atmosphere. This prime location in Jackson County offers an exceptional opportunity for a business to thrive in a thriving urban setting. The property is classified as Retail, Ground Level Retail, and Mixed-Use.

    Property profile
    Verified
    Property type High-rise multifamily apartments
    Use group HIGH-RISE APARTMENTS
    Year built 1910
    Construction WOOD
    Total area 20,215 SF
    Lot 0.93 ac (40,511 SF)
    APN 29-220-26-02
    UPID US48-0173200
    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
    • Lucas Place Lofts Apartments Apartment Building Apartment Complex
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $875k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.39M
    Blend (final) Blend
    $1.13M
    Owner & transaction history
    Lucas Place Lofts Redev Corp · 11 yrs held
    Lucas Place Lofts Redev Corp
    since 2014
    4 recorded transactions
    2014
    2012
    2002
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Warehouse, storage $1.8M +68.8%
    Industrial (general) $1.7M +60.3%
    Office building $1.5M +42.7%
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    More about this property
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