114 Gregory BlvdKansas City, MO 64114

Property Details for 114 Gregory Blvd

Year built

1965

Construction

WOOD

Lot size

0.39 AC

Property size (Sq ft)

4,484 SF

Property type

Office buildings

APN

47-520-30-22

APU

475203022

Description

This exceptional three-story executive office building, located at 114 W. Gregory Boulevard in Kansas City, Missouri, presents a unique investment opportunity. Boasting a total of 14,400 square feet, the property offers flexible leasing options, allowing for the rental of one, two, or all three floors (4,800 SF, 9,600 SF, or the entire 14,400 SF). Completely renovated in 2019, this building features a brand-new roof and updated mechanical systems, ensuring efficient and cost-effective operation. The extensive 2019 renovation provides modern, high-quality finishes throughout. The building's prominent location provides excellent visibility and branding opportunities, with building signage readily available. Situated in Jackson County, with a zip code of 64114, this property benefits from its convenient access to key transportation routes and amenities. Previously occupied by Reese Nichols, this building is ready for its next chapter, offering a sophisticated and functional workspace for a discerning tenant or investor. The asking price for this turnkey executive office space is $2,500,000.

• CAP approach

  CAP return

  Valuation

  6%

  $840,517

  6.5%

  $775,862

  7%

  $720,443

• Comparable approach

  Method

  Valuation

  Relative Method

  $320,741

  Geo Method

  $320,741

• Alternative Use

  Use

  Valuation

  Residential

  $962,068

  Hospitality

  $881,249

  Educational

  $733,189

  Medical

  $758,405

  Retail

  $1,140,516

Location Insight

City

Kansas City

County

Jackson

State

Missouri

Latitude

38.9997

Longitude

-94.5913

CBSA code

28140

CBSA name

KANSAS CITY, MO-KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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