Industrial Service Building with Drive-In
1245 State Ave Kansas City, KS 66102
1245 State Ave, Kansas City, KS, 66102
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For Sale
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Industrial service building with four drive-in doors, 15' clear height, and office/reception plus expansive service bays.
Property Size6,770 SF
Lot Size0.56 Acres
Price / SF$140.32
Days on Market146
Property Features for 1245 State Ave
General Information
- Standard status
- Active
- Size
- 6,770 SF
- Lot size
- 0.56 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1975
Listing agency
Windfield Real Estate
(816) 612-5191
Listed by
Andrew Danner · License #MO
Source
Crexi
Added: Feb 27 Updated: Jul 23 at 12:27AM Checked: Jul 23 at 12:27AM
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 Windfield Real Estate
Investment Insights
Based on property information with market context.
1245 State Ave is a fully operational industrial service building built with masonry construction and designed for service-based operations. The facility includes four drive-in doors, approximately 15' clear height, and a versatile two-level layout with office/reception on the main floor and expansive open service bay areas below. Dedicated surface parking supports daily customer and workforce access.
The property sits on 0.56 acres along State Ave with direct frontage and prominent signage visibility. It is located at a signalized intersection of State Ave and N 13th St, in the Central KC KS/Fairfax Submarket. The listing reports about 8,500 vehicles passing daily and notes a Walk Score of 77 (Very Walkable). Kansas City International Airport is approximately 26 minutes away.
Zoned MP-2 (Manufacturing/Processing), the building is currently 100% occupied. Reported submarket vacancy is sub-3%, and the asset is offered for sale and lease.
The property sits on 0.56 acres along State Ave with direct frontage and prominent signage visibility. It is located at a signalized intersection of State Ave and N 13th St, in the Central KC KS/Fairfax Submarket. The listing reports about 8,500 vehicles passing daily and notes a Walk Score of 77 (Very Walkable). Kansas City International Airport is approximately 26 minutes away.
Zoned MP-2 (Manufacturing/Processing), the building is currently 100% occupied. Reported submarket vacancy is sub-3%, and the asset is offered for sale and lease.
Key Highlights
- 1975‑built industrial service building on 0.56 acres with direct frontage on State Ave and prominent signage
- 4 drive‑in doors and 15' clear height with expansive open service‑bay areas
- Two‑level layout with office/reception on the main floor plus service bay space below
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $60.9k | $9.00 |
| − Vacancy | −$3.4k | −$0.50 |
| EGI | $57.6k | $8.50 |
| − OpEx | −$8.6k | −$1.28 |
| NOI | $48.9k | $7.23 |
6,770 SF · lease $9.00/SF/yr · vacancy 5.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$699.2K
$611.8K – $815.7K
NOI $48,942 @ 7.0% cap · market cap 5.15%
Second Best
Industrial
$575.8K
$503.8K – $671.8K
NOI $40,305 @ 7.0% cap · market cap 4.24%
Theoretical Best
Office A
$1.12M
$981.4K – $1.31M
NOI $78,512 @ 7.0% cap · market cap 8.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Complete Headlight Solutions
Auto Parts Store
USAA Car Insurance
Financial Advisor
Similar For Sale Nearby
Similar Off Market Nearby
- Secure Storage Minnesota — 1719 Minnesota Ave, Kansas City, KS 66102
- Khaotic Concept Racing — 1950 Garfield Ave, Kansas City, KS 66104
FAQs
What type of property is this?
Warehouse - Industrial service building with four drive-in doors, 15' clear height, and office/reception plus expansive service bays.
Where is this warehouse located?
The property is located at 1245 State Ave Kansas City, KS.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 1975‑built industrial service building on 0.56 acres with direct frontage on State Ave and prominent signage; 4 drive‑in doors and 15' clear height with expansive open service‑bay areas; Two‑level layout with office/reception on the main floor plus service bay space below
