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Property profile & analytics
FOR LEASE
Strip malls

7523 State Ave Kansas City, KS 66112

93,725 SF 9.31 ac lot Built 1985
Entity Owned 19-yr Hold Absentee Owner Free & Clear
Property ID
US33-0360034
Property summary
AI-generated overview

West State Plaza offers exceptional retail opportunities in a thriving Kansas City, Kansas location. This multi-tenant retail center boasts a strong tenant mix, including established businesses like Westlake Ace Hardware and Big Lots, ensuring high visibility and foot traffic. The property features readily available spaces ranging from 880 to 5,060 square feet, catering to a variety of business needs. Specifically, there are five inline spaces currently available, ranging from 880 to 2,200 square feet, along with a significant 33,091 square foot big box space and a second-generation restaurant space. The center enjoys an advantageous position along a major retail and entertainment corridor in Kansas City, Kansas, experiencing over 16,500 cars per day on State Avenue, guaranteeing substantial exposure to potential customers. Its convenient access to Interstates 70 and 435 provides unparalleled accessibility for both employees and customers. This prime location, combined with the existing strong tenant base and diverse space options, presents a compelling investment opportunity for businesses seeking high-traffic exposure and a strategic presence in a bustling commercial area. The property is a multi-tenant retail center, offering a collaborative and vibrant business environment. Don't miss this chance to establish your business in a well-established and highly visible location.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1985
Construction BRICK
Total area 93,725 SF
Lot 9.31 ac (405,413 SF)
APN 224303
UPID US33-0360034
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
  • KeyExpress Locksmiths Locksmith (Bike/Boat/Book/etc) Store
  • Westlake Ace Hardware Building Supply Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.84M
Owner & transaction history
Baceline West State Plaza LLC · 19 yrs held
Baceline West State Plaza LLC
since 2007
1 recorded transaction
2007
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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