Multi-Building Flex
For Sale
Contact for pricing
1108 SW US-40, Blue Springs, MO 64014
Service and retail configuration with SO zoning and flexible month-to-month tenancy.
Property Size7,500 SF
Lot Size0.49 Acres
Price / SF$130
Days on Market134
Property Features for 1108 SW US-40
General Information
Standard status
Active
Size
7,500 SF
Lot size
0.49 Acres
Property subtype
Retail
Zoning
SO
Lease Type
Gross
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Renovated
1991
Tenancy
Multi
Listing Agency:
Reece Commercial
Listed By:
Bryan Hunter · License #2013010204
Source:
Crexi
Added: Apr 20
Changed: Aug 30
Last Checked: Aug 30 at 7:16PM
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 Reece Commercial
Investment Insights
Based on property information with market context.
This 7,500-square-foot commercial property comprises multiple buildings on a 0.49-acre site. The current configuration combines an automotive service operation with retail space, creating a practical blend of service and customer-facing areas. Both occupancies are leased on a month-to-month basis, allowing flexibility for continued operation or future repositioning.
The property fronts the eastbound side of US 40 Highway at 1108 SW US-40 in Blue Springs, Missouri. It is located within the city’s Service/Office District, identified as SO zoning. Permitted uses stated for the district include auto repair, retail, professional services, and light commercial or industrial applications.
The property fronts the eastbound side of US 40 Highway at 1108 SW US-40 in Blue Springs, Missouri. It is located within the city’s Service/Office District, identified as SO zoning. Permitted uses stated for the district include auto repair, retail, professional services, and light commercial or industrial applications.
Key Highlights
- 7,500 SF commercial property across multiple buildings
- 0.49‑acre site with frontage on eastbound US 40 Highway
- Current configuration includes automotive service and retail occupancies
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
$72,576
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
7.44%
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%
$1,451,520
$1.5M
Cap Rate 7%
$1,036,800
$1.0M
Cap Rate 9%
$806,400
$806.4K
Market Conditions
NOI Build-Up for 7,500 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
$108.0K $14.40/SF
− Vacancy
−$4.3K −$0.58/SF
EGI
$103.7K $13.82/SF
− OpEx
−$31.1K −$4.15/SF
NOI
$72.6K $9.68/SF
Area
Jackson County, MO
Vacancy
4.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
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%
$1,451,520
Cap Rate 7%
$1,036,800
Cap Rate 9%
$806,400
Alternative Uses
Best Use
Industrial
$1.62M
$1.42M – $1.90M
NOI $113,712 @ 7.0% cap · market cap 11.66%
Second Best
Retail
$1.04M
$907.2K – $1.21M
NOI $72,576 @ 7.0% cap · market cap 7.44%
Theoretical Best
Warehouse
$1.97M
$1.73M – $2.30M
NOI $138,079 @ 7.0% cap · market cap 14.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
767
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 64014, MO
27,993
Population
11,068
Households
2.5
Avg Household Size
36
Median Age
36%
College-Educated
95%
High-School Grad
11.2 sq mi
ZIP Area
2,499
Density / Sq Mi
$84,187
Median Household Income
$49,462
Median Earnings
$1,301
Median Rent
$233,200
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Service and retail configuration with SO zoning and flexible month-to-month tenancy.
Where is this flex space located?
The property is located at 1108 SW US-40 Blue Springs, MO.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: 7,500 SF commercial property across multiple buildings; 0.49‑acre site with frontage on eastbound US 40 Highway; Current configuration includes automotive service and retail occupancies
