Red Bridge Professional Bldg 400 E Red Bridge Rd 46,318 SF 86% Leased Office Building Kansas City, MO 64131 $4,048,168 CAD ($87.40 CAD/SF)

EXECUTIVE SUMMARY
Midwest CRE Advisors presents the Red Bridge Professional Building, a compelling value-add medical office investment opportunity in South Kansas City. This 45,000+ SF suburban office building offers stable income with significant upside potential through operational improvements and lease renewals.
Situated in a supply-constrained market with growing infrastructure investment, including the major renovation of the Red Bridge Shopping Center redevelopment directly across the street, this property represents an attractive acquisition for investors seeking durable income with near-term NOI growth potential.
The building currently has a substantial opportunity to increase rents to market levels and fill existing vacancies.
PROPERTY DETAILS
Building Specifications
Total Square Footage: 45,000+ SF
Stories: 3
Construction: Steel frame with brick exterior
Parking Ratio: 4.2 spaces per 1,000 SF
Elevators: 2 passenger elevators
HVAC: Central air with individual unit controls
Site Features
Lot Size: 2.30 acres
Parking: 140 surface spaces
Landscaping: Mature trees and professional landscaping
Signage: Monument sign and building identification
Access: Direct access from Red Bridge Road
Primary Tenant Categories:
Medical/Dental Practices (60% of occupied space)
Professional Services (25% of occupied space)
Other Services (15% of occupied space)
MARKET OVERVIEW
Kansas City Office Market (2024)
Average Sale Price: $132.80/SF
Cap Rates: 6.3% - 8.4%
Vacancy Rate: 18.19% overall
South KC Submarket: 21.22% vacancy, $21.69/SF avg rent
Red Bridge Submarket Advantages
No new office construction creating supply constraint
Major retail investment $19M shopping center renovation
Strong demographics with median household income of $72,000+
Excellent highway access via I-435 and major arterials
Area Development Activity
Red Bridge Shopping Center: Major renovation by Lane4 Property Group
New residential development: Multiple single-family projects within 2 miles
Infrastructure improvements: Road upgrades and utility enhancements
Fiber optic deployment: Enhanced connectivity for tenants
DEMOGRAPHICS (3-MILE RADIUS)
Population: 50,227
Households: 21,754
Median Household Income: $80,032
Average Household Income: $94,500
Population Growth: +2.1% annually
Employment: Strong healthcare, professional services, and government sectors
INVESTMENT STRATEGY
Value Creation Plan
Immediate rent increases on below-market leases
Lease-up vacant space at market rates
Building improvements to justify higher rents
Lease term extensions to improve stability
Exit strategy via sale to income-focused buyer
Complete MEP upgrades through energy audit findings
LOCATION ADVANTAGES
Accessibility
I-435 access: 2 miles
I-49 corridor: 3 miles
Downtown Kansas City: 15 minutes
Kansas City International Airport: 25 minutes
Area Amenities
Red Bridge Shopping Center: Directly across street
Dining and retail: Walking distance
Minor Park: Recreation and golf course nearby
Public transportation: Bus routes on Red Bridge Road
OFFERING TERMS
Asking Price: $2,900,000
Price per SF: $64
Listing Type: Exclusive listing
Possession: At closing
Financing: Buyer to arrange
Investment Highlights
Immediate Value Creation Opportunities
Below-market rents across multiple tenants with renewal potential
23% vacancy providing immediate lease-up upside
Short-term lease rollover enabling rapid rent increases
Established medical/professional tenant base
Market Catalysts
Major Red Bridge Shopping Center renovation directly across street
Supply-constrained South KC submarket with limited new construction
Growing infrastructure investment enhancing area accessibility
Stable demographics supporting medical office demand
Financial Upside
Current NOI: $230,000
Stabilized NOI Potential: $350,000 - $400,000
Projected IRR: 25-30% over 4-5 years
Ability to capitalize on utility savings
Acquisition below replacement cost ($190-$220/SF new construction)