Industrial Warehouse with Drive-In
For Sale
Contact for pricing
10947 Kaw Dr, Kansas City, KS 66111
Steel-frame warehouse with multiple drive-in doors, dock access, substantial power, and clear heights suited to industrial operations.
Property Size11,250 SF
Price / SF$126.67
Days on Market175
Property Features for 10947 Kaw Dr
General Information
Standard status
Active
Size
11,250 SF
Property subtype
INDUSTRIAL
Listing Agency:
NAI Heartland | Kansas City
(913) 991-2348
Listed By:
Joe O'Neill
(913) 991-2348
Source:
Moodyscre
Added: Mar 10
Changed: Aug 30
Last Checked: Aug 30 at 8:06PM
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 NAI Heartland | Kansas City
Investment Insights
Based on property information with market context.
This approximately 11,250-square-foot warehouse occupies about 0.75 acres and was built around 2009. The steel-frame structure features insulated metal and EIFS exterior siding, five front-loading drive-in doors, and a rear-loading dock-high door. Clear height ranges from 13 to 15 feet, supporting a range of warehouse and industrial functions.
Electrical service includes four incoming panels, each estimated at 200-amp, 240-volt, three-phase power. The property is located at 10947 Kaw Dr in Kansas City, Kansas. Tenants occupy the building, and tours should be coordinated without interrupting their operations.
Electrical service includes four incoming panels, each estimated at 200-amp, 240-volt, three-phase power. The property is located at 10947 Kaw Dr in Kansas City, Kansas. Tenants occupy the building, and tours should be coordinated without interrupting their operations.
Key Highlights
- Approximately 11,250 SF industrial building on ± 0.75 AC
- Five 12’W x 14’H front‑load drive‑in doors
- One rear‑load dock‑high door
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
$81,329
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
5.71%
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%
$1,626,580
$1.6M
Cap Rate 7%
$1,161,843
$1.2M
Cap Rate 9%
$903,656
$903.7K
Market Conditions
NOI Build-Up for 11,250 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
$101.3K $9.00/SF
− Vacancy
−$5.6K −$0.50/SF
EGI
$95.7K $8.50/SF
− OpEx
−$14.4K −$1.28/SF
NOI
$81.3K $7.23/SF
Area
Kansas City, KS
Vacancy
5.50%
Lease Rate
$9.00 /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%
$1,626,580
Cap Rate 7%
$1,161,843
Cap Rate 9%
$903,656
Alternative Uses
Best Use
Warehouse
$1.16M
$1.02M – $1.36M
NOI $81,329 @ 7.0% cap · market cap 5.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.86M
$1.63M – $2.17M
NOI $130,466 @ 7.0% cap · market cap 9.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
79
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 66111, KS
10,506
Population
4,200
Households
2.5
Avg Household Size
38
Median Age
19%
College-Educated
87%
High-School Grad
23.2 sq mi
ZIP Area
453
Density / Sq Mi
$67,117
Median Household Income
$36,974
Median Earnings
$989
Median Rent
$131,800
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Steel-frame warehouse with multiple drive-in doors, dock access, substantial power, and clear heights suited to industrial operations.
Where is this warehouse located?
The property is located at 10947 Kaw Dr Kansas City, KS.
What is the asking price?
The asking price for this property is $1,425,000.
What are key features of this property?
This property features: Approximately 11,250 SF industrial building on ± 0.75 AC; Five 12’W x 14’H front‑load drive‑in doors; One rear‑load dock‑high door
