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Colony Woods II 4380 N Oak Tfwy

6,000 SF 100% Leased Office Building Kansas City, MO 64116 $740,000 ($123/SF) 6.49% Cap Rate

Investment Highlights

  • Highly Visible with North Oak Frontage
  • Room to add value at the listed price
  • FULLY LEASED
  • Desirable location for investors and business owners
  • Solid Rent Roll with no late payers

Executive Summary

This kind of deal is UNHEARD OF in the Northland area of Kansas City, MO. Here's your chance to purchase Prime commercial real estate with a respectable CAP rate of 6.5% with virtually no deferred maintenance AND allows you room to raise rents AND add value. This is a Highly Visible and Accessible Location with stable and long term tenants. Fantastic Condition and Curb Appeal. Fully Leased.
This property is located on high traffic North Oak Trafficway in the popular Northland area of Kansas City. An Interactive Map of Kansas City can be found in the links section of this listing. North Oak is the Gateway to MCI Airport, the River Market, Downtown Kansas City and The Country Club Plaza. Quick access to I29 and 169 and 71 Highways make this location super accessible to North AND South of the Missouri River. Call or text to schedule a tour. Please provide at least 24 hours notice, if possible.

Financial Summary (Pro forma - 2023)

Annual Annual Per SF
Gross Rental Income $69,150 $11.53
Other Income $3,180 $0.53
Vacancy Loss $3,458 $0.58
Effective Gross Income $68,872 $11.48
Taxes $6,516 $1.09
Operating Expenses $14,362 $2.39
Total Expenses $20,878 $3.48
Net Operating Income $47,994 $8.00

Financial Summary (Pro forma - 2023)

Gross Rental Income
Annual $69,150
Annual Per SF $11.53
Other Income
Annual $3,180
Annual Per SF $0.53
Vacancy Loss
Annual $3,458
Annual Per SF $0.58
Effective Gross Income
Annual $68,872
Annual Per SF $11.48
Taxes
Annual $6,516
Annual Per SF $1.09
Operating Expenses
Annual $14,362
Annual Per SF $2.39
Total Expenses
Annual $20,878
Annual Per SF $3.48
Net Operating Income
Annual $47,994
Annual Per SF $8.00

Property Facts

Sale Type
Investment
Property Type
Office
Building Size
6,000 SF
Building Class
B
Year Built
1987
Price
$740,000
Price Per SF
$123
Cap Rate
6.49%
NOI
$47,995
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,000 SF
Slab To Slab
11’
Building FAR
0.30
Lot Size
0.46 AC
Zoning
B1-1 - Zoned B1-1- Residential Business District.
Parking
24 Spaces (4 Spaces per 1,000 SF Leased)

Amenities

  • 24 Hour Access
  • Bus Line
  • Signage
  • Central Heating
  • Natural Light
  • Monument Signage
  • Air Conditioning
  • Balcony

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Arthur's BBQ
  • Accommodation and Food Services
  • 650 SF
  • $12.00
  • Modified Gross
  • Jul 2025
  • Bamba Hair Braiding
  • Services
  • 1,250 SF
  • $12.00
  • Modified Gross
  • Sep 2025
  • IMKO
  • Administrative and Support Services
  • 1,700 SF
  • $12.00
  • Modified Gross
  • -
  • Legacy Roofing and Exteriors
  • Construction
  • 700 SF
  • $12.00
  • Modified Gross
  • Jul 2026
  • PC IslandStyle
  • Retailer
  • 1,000 SF
  • $12.00
  • Modified Gross
  • Jul 2025
  • St Germain
  • Administrative and Support Services
  • 600 SF
  • $11.00
  • Modified Gross
  • -
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Arthur's BBQ Accommodation and Food Services 650 SF $12.00 Modified Gross Jul 2025
Bamba Hair Braiding Services 1,250 SF $12.00 Modified Gross Sep 2025
IMKO Administrative and Support Services 1,700 SF $12.00 Modified Gross -
Legacy Roofing and Exteriors Construction 700 SF $12.00 Modified Gross Jul 2026
PC IslandStyle Retailer 1,000 SF $12.00 Modified Gross Jul 2025
St Germain Administrative and Support Services 600 SF $11.00 Modified Gross -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
17-309-00-23-001.00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$69,120
Annual Taxes
$6,516 ($1.09/SF)
Tax Year
2023 Payable 2024
  • Listing ID: 31557553

  • Date on Market: 4/19/2024

  • Last Updated:

  • Address: 4380 N Oak Tfwy, Kansas City, MO 64116

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