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    Demisable Industrial Flex Building Title is generated by Realmo AI

    3122-3140 Gillham Plaza, Kansas City, MO 64109

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    For Sale
    $6,000,000

    Industrial warehouse and manufacturing opportunity with multiple storefront-ready entrances and dock-high loading for multi-tenant flexibility.

    Type:Industrial
    Added:
    Jun 2, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 3 at 2:29 am

    Property Features for 3122-3140 Gillham Plaza

    General Information

    Standard status
    Active
    Property subtype
    Industrial

    Building Details

    Year Built
    1952

    We can help!

    Listing Contact
    Quinn Hahs
    Quinn Hahs

    Listing agent Quinn Hahs License #MO #2022040834

    Listing office Clemons Real Estate

    Listing date Jun 2, 2026

    Source Clemonsrealestate

    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 Clemons Real Estate

    HighLights

    • Industrial warehouse/manufacturing building built in 1952
    • Can be demised into 3 to 4 spaces with separate storefront entrances
    • Two separate dock‑high loading areas on opposite ends of the building
    • 70 parking spaces and 6 dock‑high doors
    • 1200 amp/480 volt and 1600 amp/208 volt electrical service
    • Includes modern office finishes and potential for retail storefronts and outdoor patio space

    Overview

    This industrial/flex building is well suited for warehouse and/or manufacturing use and offers a layout designed for flexible occupancy. The property can be demised into three to four separate spaces, each with its own storefront entrance and modern office finishes, allowing businesses to operate independently while sharing the overall asset. Two separate dock-high loading areas are positioned on opposite ends of the building, supporting efficient logistics and making the building practical for multi-tenant use.

    The site includes substantial parking, with 70 spaces, along with six dock-high doors to support active loading and receiving. The building is described as being within walking distance to the streetcar line. The surrounding area is also noted as having redevelopment projects already underway within a half-mile radius, which may support future demand for warehouse, manufacturing, and related services.

    For tenants or owners, the combination of demisable space, storefront access, and dock-high distribution makes this a strong fit for operators seeking flexible space allocation or a multi-tenant strategy. It also presents potential for redevelopment scenarios that could incorporate retail storefronts and outdoor patio use, subject to applicable approvals.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Corporate Caterer's — 2631 Holmes St, Kansas City, MO 64108
    • Happy Belly Food Truck — 2976 Gillham Rd, Kansas City, MO 64108

    Location Insight

    • Map
    • Local Demand
    City
    Kansas City
    County
    Platte
    State
    Missouri
    Longitude
    -94.5796415
    Latitude
    39.0697137

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    FAQs

    What type of property is this?
    Flex space - Industrial warehouse and manufacturing opportunity with multiple storefront-ready entrances and dock-high loading for multi-tenant flexibility.
    Where is this flex space located?
    The property is located at 3122-3140 Gillham Plaza Kansas City, MO.
    What is the asking price?
    The asking price for this property is $6,000,000.
    What are key features of this property?
    This property features: Industrial warehouse/manufacturing building built in 1952; Can be demised into 3 to 4 spaces with separate storefront entrances; Two separate dock‑high loading areas on opposite ends of the building
    (913) 481-5727
    We can help!
    Listing Contact
    Quinn Hahs
    Quinn Hahs
    Real Estate License ID: MO #2022040834
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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