Flex Office/Warehouse Near
For Sale
$599,000
3000 East Truman Road, Kansas City, MO 64127
Flex office/warehouse building with quick access to I-70.
Property Size5,846 SF
Days on Market169
Property Features for 3000 East Truman Road
General Information
Standard status
Active
Size
5,846 SF
Property subtype
Industrial
Building Details
Building Size
5,846 SF
Listing Agency:
Lee & Associates - Kansas City
(913) 484-3453
Listed By:
Hunter Seabaugh · License #KS #00239481
(913) 484-3453
Source:
Lee-associates
Added: Mar 6
Changed: Aug 14
Last Checked: Aug 22 at 3:43AM
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 Lee & Associates - Kansas City
Investment Insights
Based on property information with market context.
This flex office/warehouse building offers convenient access to I-70. The property is located at 3000 East Truman Road, Kansas City, MO 64127.
Key Highlights
- Flex office/warehouse building
- Quick access to I‑70
- Nearby highway access
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
$45,799
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
7.65%
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%
$915,980
$916.0K
Cap Rate 7%
$654,271
$654.3K
Cap Rate 9%
$508,878
$508.9K
Market Conditions
NOI Build-Up for 5,846 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
$75.8K $12.96/SF
− Vacancy
−$5.3K −$0.91/SF
EGI
$70.5K $12.05/SF
− OpEx
−$24.7K −$4.22/SF
NOI
$45.8K $7.83/SF
Area
Kansas City, MO
Vacancy
7.00%
Lease Rate
$12.96 /SF/Yr
Expense Ratio
35.00%
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%
$915,980
Cap Rate 7%
$654,271
Cap Rate 9%
$508,878
Alternative Uses
Best Use
Flex RnD
$654.3K
$572.5K – $763.3K
NOI $45,799 @ 7.0% cap · market cap 7.65%
Second Best
Industrial
$550.2K
$481.5K – $642.0K
NOI $38,517 @ 7.0% cap · market cap 6.43%
Theoretical Best
Office A
$1.39M
$1.22M – $1.62M
NOI $97,472 @ 7.0% cap · market cap 16.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
614
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 64127, MO
17,191
Population
8,884
Households
1.9
Avg Household Size
34
Median Age
7%
College-Educated
72%
High-School Grad
4.2 sq mi
ZIP Area
4,093
Density / Sq Mi
$32,179
Median Household Income
$29,382
Median Earnings
$886
Median Rent
$59,300
Median Home Value
Market
Vacancy Rate% for Industrial in Kansas City, MO
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Flex office/warehouse building with quick access to I-70.
Where is this flex space located?
The property is located at 3000 East Truman Road Kansas City, MO.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Flex office/warehouse building; Quick access to I‑70; Nearby highway access
