4218 Roanoke RdKansas City, MO 64111

Property Details for 4218 Roanoke Rd

Year built

1972

Construction

WOOD

Lot size

0.50 AC

Property size (Sq ft)

6,464 SF

Property type

Office buildings

APN

30-340-26-60

APU

303402660

Description

This exceptional 13,951 square foot Class B medical office building, constructed in 1985 and extensively renovated in 2024, presents a unique investment opportunity. Located at 4218 Roanoke Rd, the property boasts excellent visibility and convenient access. The building features a single, three-story structure with 26 total parking spaces, offering ample parking for patients and staff. Two suites are currently available, offering flexible space options. Suite 203 encompasses 1,008 square feet, while Suite 205 provides 2,076 square feet. These suites can be combined to create a contiguous space of 3,084 square feet, ideal for expanding practices or accommodating larger teams. The building benefits from a recent major exterior renovation completed in early 2024, ensuring a modern and attractive aesthetic. Furthermore, two new HVAC units were installed in 2020, guaranteeing efficient and comfortable climate control. The lease rate is $16.00 per square foot, net of janitorial services. This property offers a blend of established infrastructure and recent upgrades, making it an attractive option for medical professionals seeking a well-maintained and conveniently located office space. The minimum divisible space is 1,008 square feet, providing flexibility for various practice sizes. Covered and surface parking is available, enhancing convenience for patients and staff. This is a rare opportunity to secure prime medical office space in a highly desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,211,664

  6.5%

  $1,118,459

  7%

  $1,038,569

• Comparable approach

  Method

  Valuation

  Relative Method

  $462,370

  Geo Method

  $462,370

• Alternative Use

  Use

  Valuation

  Residential

  $1,386,889

  Hospitality

  $1,270,383

  Educational

  $1,056,944

  Medical

  $1,093,293

  Retail

  $1,644,134

Location Insight

City

Kansas City

County

Jackson

State

Missouri

Latitude

39.0518

Longitude

-94.5976

CBSA code

28140

CBSA name

KANSAS CITY, MO-KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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