Flex Space with Clear-Span
For Sale
Contact for pricing
1006 E Linwood Blvd, Kansas City, MO 64109
Flex space offering large clear-span space, dedicated parking, and garage door loading into a former studio.
Property Size7,435 SF
Price / SF$155
Days on Market40
Property Features for 1006 E Linwood Blvd
General Information
Standard status
Active
Size
7,435 SF
Total Parking Spaces
27
Property subtype
INDUSTRIAL
Site & Location
Road Access
Yes
Fenced Yard
Yes
Utilities to Site
Yes
Warehouse & Industrial
Clear Span
Yes
Warehouse Space
6,435 SF
Drive-In Doors
1
Listing Agency:
Block Real Estate Services
(816) 410-9584
Listed By:
Christel Highland · License #2003018426
Source:
Moodyscre
Added: Jul 3
Changed: Aug 8
Last Checked: Aug 10 at 10:42AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Block Real Estate Services
Investment Insights
Based on property information with market context.
This flex space includes 7,435 SF total area with 6,435 SF of clear span space. The building has 27 dedicated parking spaces plus additional off-street parking for tenant and visitor use.
The loading setup includes a garage door that loads directly into the former scenic studio for Paul Messner Puppets. The property also presents a large signage opportunity on Linwood Blvd.
Recent improvements include new electrical and plumbing, along with a full roof solar panel installation intended to result in minimal electricity costs. A bonus fenced backyard with pear trees adds outdoor space for tenant use or break-area potential.
The loading setup includes a garage door that loads directly into the former scenic studio for Paul Messner Puppets. The property also presents a large signage opportunity on Linwood Blvd.
Recent improvements include new electrical and plumbing, along with a full roof solar panel installation intended to result in minimal electricity costs. A bonus fenced backyard with pear trees adds outdoor space for tenant use or break-area potential.
Key Highlights
- 7,435 SF flex space with 6,435 SF clear span
- 6,435 SF clear span space for flexible tenant layouts
- 27 dedicated parking spaces plus off‑street parking
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
$59,483
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
5.16%
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%
$1,189,660
$1.2M
Cap Rate 7%
$849,757
$849.8K
Cap Rate 9%
$660,922
$660.9K
Market Conditions
NOI Build-Up for 7,435 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
$74.1K $9.96/SF
− Vacancy
−$4.1K −$0.55/SF
EGI
$70.0K $9.41/SF
− OpEx
−$10.5K −$1.41/SF
NOI
$59.5K $8.00/SF
Area
Kansas City, MO
Vacancy
5.50%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
15.00%
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%
$1,189,660
Cap Rate 7%
$849,757
Cap Rate 9%
$660,922
Alternative Uses
Best Use
Warehouse
$849.8K
$743.5K – $991.4K
NOI $59,483 @ 7.0% cap · market cap 5.16%
Second Best
Flex RnD
$832.1K
$728.1K – $970.8K
NOI $58,248 @ 7.0% cap · market cap 5.05%
Theoretical Best
Office A
$1.77M
$1.55M – $2.07M
NOI $123,966 @ 7.0% cap · market cap 10.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
Yes
Fenced yard
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,076
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 64109, MO
10,290
Population
6,103
Households
1.7
Avg Household Size
34
Median Age
35%
College-Educated
85%
High-School Grad
2.1 sq mi
ZIP Area
4,900
Density / Sq Mi
$42,861
Median Household Income
$38,585
Median Earnings
$919
Median Rent
$240,000
Median Home Value
Market
Vacancy Rate% for Industrial in Kansas City, MO
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Flex space offering large clear-span space, dedicated parking, and garage door loading into a former studio.
Where is this flex space located?
The property is located at 1006 E Linwood Blvd Kansas City, MO.
What is the asking price?
The asking price for this property is $1,152,425.
What are key features of this property?
This property features: 7,435 SF flex space with 6,435 SF clear span; 6,435 SF clear span space for flexible tenant layouts; 27 dedicated parking spaces plus off‑street parking
