Renovated Flex Space with
For Sale
$1,100,000
7511 LEAVENWORTH Road, Kansas City, KS 66109
Business Opportunity, Kansas City, KS
Property Size7,075 SF
Lot Size1.82 Acres
Price / SF$155.48
Days on Market50
Property Features for 7511 LEAVENWORTH Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-1
Parking features
Parking Lot, Garage
Interior features
Private Restroom, Public Restroom
Exterior features
Building Sign, Storage
Directions
Heading E on Levenworth Rd. from I-435. The property will be on the right
Subdivision
419 - N=Mo Rvr;S=Parallel;E=59th St;W=I-435
Standard status
Active
APN
928502
Lot size
1.82 Acres
Taxes and HOA fees
Tax Description
SEC-32 TWP-10 RNG-24, S32, T10, R24, ACRES 1.780000, 378AB1 BEG 30FT S OF NE COR; S 231FT, W 66FT, S 399FT, W 99FT, N 630FT, E 165FT TO POB CONTG 1.78AC M/L
Tax Annual Amount
18982
Legal Description
SEC-32 TWP-10 RNG-24, S32, T10, R24, ACRES 1.780000, 378AB1 BEG 30FT S OF NE COR; S 231FT, W 66FT, S 399FT, W 99FT, N 630FT, E 165FT TO POB CONTG 1.78AC M/L
Utilities
Utilities
Water Available
Amenities
secured fencing
dual gated access
commercial signage
storm shelter/safe room
Building Details
Floors in Building
2
Additional Structures
Storage
Listing Agency:
EXP Realty LLC
(913) 451-6767
Listed By:
Carlos Maderos · License #00248042
(913) 608-2670
Added: Aug 7
Changed: Sep 4
Last Checked: Sep 25 at 10:06PM
MLS# 2635746
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.
Investment Insights
Based on property information with market context.
This approximately 7,075 SF flex facility offers a two-level configuration that combines finished office and showroom areas with shop and warehouse space. The upper floor includes a showroom, private offices, conference space, kitchen/lunchroom, and updated finishes. The lower level adds multiple overhead garage doors, vehicle lifts, a paint booth, offices, storage, a restroom, and a storm shelter/safe room.
Renovations completed in 2024 include LED lighting, HVAC, windows, doors, plumbing, flooring, overhead doors, roofing, and interior and exterior paint. The property also features secured fencing, dual gated entrances, commercial signage, extensive paved parking, and approximately 1.82 acres of land. Water is available, and the rear portion provides additional land for potential construction or expansion subject to applicable approvals.
Renovations completed in 2024 include LED lighting, HVAC, windows, doors, plumbing, flooring, overhead doors, roofing, and interior and exterior paint. The property also features secured fencing, dual gated entrances, commercial signage, extensive paved parking, and approximately 1.82 acres of land. Water is available, and the rear portion provides additional land for potential construction or expansion subject to applicable approvals.
Key Highlights
- Approximately 7,075 SF flex facility with office, showroom, shop, and warehouse areas
- Renovated in 2024 with updates to HVAC, roofing, plumbing, windows, doors, lighting, and flooring
- Approximately 1.82 acres of land, including rear area for potential expansion subject to approvals
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$70,393
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.40%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,407,860
$1.4M
Cap Rate 7%
$1,005,614
$1.0M
Cap Rate 9%
$782,144
$782.1K
Market Conditions
NOI Build-Up for 7,075 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$127.4K $18.00/SF
− Vacancy
−$33.5K −$4.73/SF
EGI
$93.9K $13.27/SF
− OpEx
−$23.5K −$3.32/SF
NOI
$70.4K $9.95/SF
Area
Kansas City, KS
Vacancy
26.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,407,860
Cap Rate 7%
$1,005,614
Cap Rate 9%
$782,144
Alternative Uses
Best Use
Office B
$1.01M
$879.9K – $1.17M
NOI $70,393 @ 7.0% cap · market cap 6.40%
Second Best
Retail
$977.0K
$854.9K – $1.14M
NOI $68,392 @ 7.0% cap · market cap 6.22%
Theoretical Best
Office A
$1.17M
$1.03M – $1.37M
NOI $82,049 @ 7.0% cap · market cap 7.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
109
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 66109, KS
26,160
Population
10,206
Households
2.6
Avg Household Size
38
Median Age
33%
College-Educated
90%
High-School Grad
45.9 sq mi
ZIP Area
570
Density / Sq Mi
$101,830
Median Household Income
$50,342
Median Earnings
$1,626
Median Rent
$255,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Two-level commercial facility combines office, showroom, shop, and warehouse areas with gated access and paved parking.
Where is this flex space located?
The property is located at 7511 LEAVENWORTH Road Kansas City, KS.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Approximately 7,075 SF flex facility with office, showroom, shop, and warehouse areas; Renovated in 2024 with updates to HVAC, roofing, plumbing, windows, doors, lighting, and flooring; Approximately 1.82 acres of land, including rear area for potential expansion subject to approvals
