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    Flex Warehouse with Overhead Doors Title is generated by Realmo AI

    1900 W US 69 Highway, Excelsior Springs, MO 64024

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    For Sale
    $950,000

    COMMERCIAL - Excelsior Springs, MO

    Property size:
    2,700 SF
    Lot size:
    1.43 Acres
    Price / SF:
    $351/SF
    Added:
    Jul 12, 2023
    Days on Market:
    1061
    Last Refresh:
    Jun 6 at 7:06 am

    Property Features for 1900 W US 69 Highway

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    M-2
    Parking features
    Parking Lot, Paved or Surfaced, Garage
    Interior features
    Storage, Private Restroom, Public Restroom
    Exterior features
    Building Sign
    Standard status
    Active
    APN
    12-212-00-05-004.00
    Size
    2,700 SF
    Lot size
    1.43 Acres

    Taxes and HOA fees

    Tax Description
    Lot 1A MODOT Hwy barn.
    Tax Annual Amount
    2934

    Utilities

    Utilities
    Water Available

    Building Details

    Year built
    1955
    Additional Structures
    Storage

    We can help!

    Listing Contact
    SimmonsSales Team

    Listing agent SimmonsSales Team

    Listing office RE/MAX Area Real Estate 1350 N Jesse James Rd, Excelsior Springs, MO

    Listing date Jul 12, 2023

    MLS# 2444804

    Copyright © 2026 Heartland Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 2,700 SF (36x75) main building faces Hwy 69 on 1.43 acres with multiple onsite structures
    • Shop area includes 3 insulated, motorized overhead doors (each 11‑ft wide x 12‑ft high)
    • Approximately 1,400 SF office space with kitchen area and full bath with shower inside the main building
    • Includes additional storage: 750 SF office building and two storage buildings with sliding metal doors and 4‑bay storage (2 with garage doors)
    • Parking lot with paved/surfaced parking plus garage parking; 2, 200‑amp breaker boxes serving the shop/office
    • Utilities include water available; setup includes public restrooms and private restroom; includes building sign

    Overview

    The property consists of multiple buildings on 1.43 acres, anchored by a spacious 2,700-square-foot (36x75) structure that faces US 69 Highway. The shop area features three 11-foot-wide by 12-foot-high insulated, motorized overhead doors, with storage area above two bays. Electrical service includes two 200-amp breaker boxes. An approximately 1,400-square-foot office area includes a kitchen and a full bath with a shower.

    Behind the main building are additional storage improvements, including a storage building with sliding metal doors and a separate four-bay storage building with two garage doors. A 750-square-foot office building sits further back and is accessible from a back entrance, with a mini kitchen, full bath, and storage area.

    Zoned M-2, this configuration suits users who need a combination of warehouse or shop space and dedicated office support. With multiple buildings, multiple overhead/service openings, and two entrances, the site can support a variety of operations while allowing room to organize workflows across the shop and storage areas. Seller is also considering trades and may consider short-term owner financing or a possible carryback.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Map

    City
    Excelsior Springs
    County
    Clay
    State
    Missouri
    Longitude
    -94.252828
    Latitude
    39.339756

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    FAQs

    What type of property is this?
    Flex space - Flex warehouse with insulated motorized overhead doors plus office space in a multi-building yard on M-2.
    Where is this flex space located?
    The property is located at 1900 W US 69 Highway Excelsior Springs, MO.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: 2,700 SF (36x75) main building faces Hwy 69 on 1.43 acres with multiple onsite structures; Shop area includes 3 insulated, motorized overhead doors (each 11‑ft wide x 12‑ft high); Approximately 1,400 SF office space with kitchen area and full bath with shower inside the main building
    (816) 630-4000
    We can help!
    Listing Contact
    SimmonsSales Team
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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