Highway Frontage Multi-Building Commercial
For Sale
$950,000
1900 W Us Highway 69, Excelsior Springs, MO 64024
Multi-building commercial property with highway frontage and easy access.
Property Size2,700 SF
Lot Size1.43 Acres
Price / SF$351.85
Days on Market768
Property Features for 1900 W Us Highway 69
General Information
Standard status
Active
Size
2,700 SF
Lot size
1.43 Acres
Taxes and HOA fees
Annual Taxes
$2,934
Listing Agency:
RE/MAX Area Real Estate
(816) 630-4000
Listed By:
SimmonsSales Team
(816) 630-4000
Source:
Exprealty
Added: Jul 15, 2024
Changed: Aug 11
Last Checked: Aug 20 at 12:34PM
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 RE/MAX Area Real Estate
Investment Insights
Based on property information with market context.
Located just off Highway 69, this property offers convenient access. The site includes multiple buildings situated on 1.43 acres. The main building, spanning 2,700 square feet (36x75), faces the highway. The shop area features three 11-foot-wide by 12-foot-high insulated motorized overhead doors, along with a storage area above two bays and two 200-amp breaker boxes. Approximately 1,400 square feet of office space includes a kitchen area and a full bathroom with a shower. Behind the main building is a storage building with sliding metal doors and another 4-bay storage building, with two bays having garage doors. A 750 square foot office building, accessible from the back entrance, includes a mini kitchen, full bath, and storage area. The property has two entrances and offers opportunities for various uses.
Key Highlights
- Prime location with easy access to 69 Hwy.
- Multiple buildings on 1.43 acres, offering diverse usage possibilities.
- Main 2,700 sq ft building features a shop area with three 11'x12' motorized overhead doors and a 1,400 sq ft office space with kitchen and full bath.
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
$38,010
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
4.00%
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%
$760,200
$760.2K
Cap Rate 7%
$543,000
$543.0K
Cap Rate 9%
$422,333
$422.3K
Market Conditions
NOI Build-Up for 2,700 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
$58.3K $21.60/SF
− Vacancy
−$7.6K −$2.83/SF
EGI
$50.7K $18.77/SF
− OpEx
−$12.7K −$4.69/SF
NOI
$38.0K $14.08/SF
Area
Clay County, MO
Vacancy
13.10%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
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%
$760,200
Cap Rate 7%
$543,000
Cap Rate 9%
$422,333
Alternative Uses
Best Use
Office B
$543.0K
$475.1K – $633.5K
NOI $38,010 @ 7.0% cap · market cap 4.00%
Second Best
Retail
$365.8K
$320.1K – $426.8K
NOI $25,607 @ 7.0% cap · market cap 2.70%
Theoretical Best
Office A
$826.7K
$723.3K – $964.4K
NOI $57,866 @ 7.0% cap · market cap 6.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
186
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 64024, MO
15,575
Population
6,165
Households
2.5
Avg Household Size
42
Median Age
15%
College-Educated
89%
High-School Grad
70.4 sq mi
ZIP Area
221
Density / Sq Mi
$80,781
Median Household Income
$41,964
Median Earnings
$916
Median Rent
$185,200
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Auto shop - Multi-building commercial property with highway frontage and easy access.
Where is this auto shop located?
The property is located at 1900 W Us Highway 69 Excelsior Springs, MO.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Prime location with easy access to 69 Hwy.; Multiple buildings on 1.43 acres, offering diverse usage possibilities.; Main 2,700 sq ft building features a shop area with three 11'x12' motorized overhead doors and a 1,400 sq ft office space with kitchen and full bath.
