Three-Property Self Storage
For Sale
Contact for pricing
1201 North 130th Street, Kansas City, KS 66109
Kansas City MSA portfolio with climate-controlled and non-climate units, surface parking, and merchandise sales.
Property Size130,625 SF
Price / SF$130.45
Days on Market60
Property Features for 1201 North 130th Street
General Information
Standard status
Active
Size
130,625 SF
Class
B
Property subtype
Self Storage
Occupancy
90%
Investment Type
Value Add
Net Operating Income
$1,143,153
Listing Agency:
Colliers - Nashville, Tennessee
(615) 850-2774
Listed By:
Ashley Compton · License #TN 77340
Source:
Crexi
Added: Jul 3
Changed: Aug 30
Last Checked: Aug 30 at 3:24AM
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 Colliers - Nashville, Tennessee
Investment Insights
Based on property information with market context.
This self-storage portfolio includes three facilities totaling approximately 130,625 rentable square feet and 1,059 units across the Kansas City Metropolitan Statistical Area. The properties are located at State Ave and Delaware in Kansas City, Kansas, and in Raytown, Missouri. Unit composition includes approximately 13% climate-controlled space and 87% non-climate space, supplemented by surface parking and merchandise sales.
The portfolio reports approximately 90.4% physical occupancy and 114.6% economic occupancy. State Ave is described as a stabilized facility, while Raytown includes ongoing capital improvements. The Delaware property combines climate-controlled and non-climate units with a dedicated expansion parcel. The facilities are positioned within approximately 20 to 30 minutes of one another, supporting coordinated operations across the Kansas and Missouri portions of the metro.
The portfolio reports approximately 90.4% physical occupancy and 114.6% economic occupancy. State Ave is described as a stabilized facility, while Raytown includes ongoing capital improvements. The Delaware property combines climate-controlled and non-climate units with a dedicated expansion parcel. The facilities are positioned within approximately 20 to 30 minutes of one another, supporting coordinated operations across the Kansas and Missouri portions of the metro.
Key Highlights
- Three facilities totaling approximately 130,625 rentable square feet across 1,059 units
- Portfolio spans Kansas City, Kansas, and Raytown, Missouri, within the Kansas City MSA
- Approximately 90.4% physical occupancy and 114.6% economic occupancy
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
$1,211,364
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
7.11%
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%
$24,227,280
$24.2M
Cap Rate 7%
$17,305,200
$17.3M
Cap Rate 9%
$13,459,600
$13.5M
Market Conditions
NOI Build-Up for 130,625 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
$1.88M $14.40/SF
− Vacancy
−$150.5K −$1.15/SF
EGI
$1.73M $13.25/SF
− OpEx
−$519.2K −$3.97/SF
NOI
$1.21M $9.27/SF
Area
Kansas City, KS
Vacancy
8.00%
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%
$24,227,280
Cap Rate 7%
$17,305,200
Cap Rate 9%
$13,459,600
Alternative Uses
Best Use
Self Storage
$17.31M
$15.14M – $20.19M
NOI $1,211,364 @ 7.0% cap · market cap 7.11%
Second Best
Warehouse
$13.49M
$11.80M – $15.74M
NOI $944,321 @ 7.0% cap · market cap 5.54%
Theoretical Best
Office A
$21.64M
$18.94M – $25.25M
NOI $1,514,857 @ 7.0% cap · market cap 8.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
54
Businesses Nearby
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
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Self storage facility - Kansas City MSA portfolio with climate-controlled and non-climate units, surface parking, and merchandise sales.
Where is this self storage facility located?
The property is located at 1201 North 130th Street Kansas City, KS.
What is the asking price?
The asking price for this property is $17,040,000.
What are key features of this property?
This property features: Three facilities totaling approximately 130,625 rentable square feet across 1,059 units; Portfolio spans Kansas City, Kansas, and Raytown, Missouri, within the Kansas City MSA; Approximately 90.4% physical occupancy and 114.6% economic occupancy
