Steel-Frame Manufacturing
New
For Sale
$788,000
1211 158th St, Basehor, KS 66007
Commercial building with an interior office and retail suite, positioned on a substantial suburban site.
Property Size6,426 SF
Lot Size0.89 Acres
Price / SF$123.20
Days on Market1
Property Features for 1211 158th St
General Information
Standard status
Active
Size
6,426 SF
Class
C
Lot size
0.89 Acres
Property subtype
Industrial - Manufacturing
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Clear Height
12 ft
Office Build-Out
1,600 SF
Building Details
Building Size
6,426 SF
Year Built
1977
Units
1
Construction
metal/steel frame
Listing Agency:
Select Sites
Listed By:
Cherise Sedlock · License #00053403
(816) 560-4450
Source:
Commercialcafe
Added: Sep 21
Last Checked: Sep 21 at 3:44AM
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 Select Sites
Investment Insights
Based on property information with market context.
This 6,396-square-foot manufacturing property in Basehor includes a metal-and-steel frame commercial building constructed in 1977. The structure rests on a 4-to-6-inch concrete slab and features 12-foot ceilings, with an approximately 1,600-square-foot interior office and retail suite. The property occupies approximately 0.89 acres and includes space for operations and parking.
Located at 1211 158th St, the property provides access to K-7 Highway and the Kansas City metropolitan area. Basehor is within Leavenworth County and served by Basehor-Linwood USD 458. The office and retail component is currently available for lease under an NNN structure, adding an additional use within the building.
Located at 1211 158th St, the property provides access to K-7 Highway and the Kansas City metropolitan area. Basehor is within Leavenworth County and served by Basehor-Linwood USD 458. The office and retail component is currently available for lease under an NNN structure, adding an additional use within the building.
Key Highlights
- 6,396‑square‑foot commercial building on approximately 0.89 acres
- Metal/steel frame construction built in 1977
- 12‑foot ceilings on a 4‑to‑6‑inch concrete slab
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
$61,828
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
7.85%
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%
$1,236,560
$1.2M
Cap Rate 7%
$883,257
$883.3K
Cap Rate 9%
$686,978
$687.0K
Market Conditions
NOI Build-Up for 6,396 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
$92.1K $14.40/SF
− Vacancy
−$3.8K −$0.59/SF
EGI
$88.3K $13.81/SF
− OpEx
−$26.5K −$4.14/SF
NOI
$61.8K $9.67/SF
Area
Wyandotte County, KS
Vacancy
4.10%
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%
$1,236,560
Cap Rate 7%
$883,257
Cap Rate 9%
$686,978
Alternative Uses
Best Use
Retail
$883.3K
$772.9K – $1.03M
NOI $61,828 @ 7.0% cap · market cap 7.85%
Second Best
Industrial
$376.1K
$329.1K – $438.8K
NOI $26,326 @ 7.0% cap · market cap 3.34%
Theoretical Best
Office A
$1.43M
$1.25M – $1.67M
NOI $100,336 @ 7.0% cap · market cap 12.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
12 ft
Clear height
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
226
Businesses Nearby
Explore this area
Business Placement
Demographics for 66007, KS
9,875
Population
3,706
Households
2.7
Avg Household Size
41
Median Age
40%
College-Educated
97%
High-School Grad
31.4 sq mi
ZIP Area
314
Density / Sq Mi
$108,698
Median Household Income
$62,679
Median Earnings
$1,173
Median Rent
$353,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Commercial building with an interior office and retail suite, positioned on a substantial suburban site.
Where is this manufacturing property located?
The property is located at 1211 158th St Basehor, KS.
What is the asking price?
The asking price for this property is $788,000.
What are key features of this property?
This property features: 6,396‑square‑foot commercial building on approximately 0.89 acres; Metal/steel frame construction built in 1977; 12‑foot ceilings on a 4‑to‑6‑inch concrete slab
