Martin City Flex Building For
For Sale
Contact for pricing
13137 wornall, Kansas City, MO 64145
Two-story office/showroom/flex building in Kansas City, Missouri.
Property Size4,800 SF
Price / SF$133.13
Days on Market468
Property Features for 13137 wornall
General Information
Standard status
Active
Size
4,800 SF
Class
C
Property subtype
Industrial, Office
Zoning
B-4, R-7.5
Investment Type
Owner/User
Building Details
Year Built
1958
Stories
2
Listing Agency:
INVEST Commercial Real Estate LLC
Listed By:
janet wilkerson · License #KS 49374
Source:
Crexi
Added: Apr 30, 2025
Changed: Aug 8
Last Checked: Aug 10 at 3:22PM
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 INVEST Commercial Real Estate LLC
Investment Insights
Based on property information with market context.
This two-story office/showroom/flex building is available for sale in Martin City, Kansas City, Missouri. The property is located within an opportunity zone and offers various potential uses for businesses seeking ownership in the south Kansas City submarket. The building has a size of 4,800 square feet.
Key Highlights
- Two‑story office/showroom/flex building - a great opportunity for your business.
- Located in Martin City (Kansas City, MO).
- Situated in an Opportunity Zone.
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
$52,812
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
8.26%
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%
$1,056,240
$1.1M
Cap Rate 7%
$754,457
$754.5K
Cap Rate 9%
$586,800
$586.8K
Market Conditions
NOI Build-Up for 4,800 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
$93.9K $19.56/SF
− Vacancy
−$9.4K −$1.96/SF
EGI
$84.5K $17.60/SF
− OpEx
−$31.7K −$6.60/SF
NOI
$52.8K $11.00/SF
Area
Kansas City, MO
Vacancy
10.00%
Lease Rate
$19.56 /SF/Yr
Expense Ratio
37.50%
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%
$1,056,240
Cap Rate 7%
$754,457
Cap Rate 9%
$586,800
Alternative Uses
Best Use
Office B
$968.8K
$847.7K – $1.13M
NOI $67,815 @ 7.0% cap · market cap 10.61%
Second Best
Mixed Use
$754.5K
$660.2K – $880.2K
NOI $52,812 @ 7.0% cap · market cap 8.26%
Theoretical Best
Office A
$1.14M
$1.00M – $1.33M
NOI $80,032 @ 7.0% cap · market cap 12.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
351
Businesses Nearby
Explore this area
Business Placement
Demographics for 64145, MO
5,518
Population
2,134
Households
2.6
Avg Household Size
53
Median Age
57%
College-Educated
98%
High-School Grad
5.6 sq mi
ZIP Area
985
Density / Sq Mi
$95,439
Median Household Income
$51,290
Median Earnings
$1,735
Median Rent
$350,100
Median Home Value
Market
Vacancy Rate% for Office in Kansas City, MO
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-story office/showroom/flex building in Kansas City, Missouri.
Where is this mixed-use property located?
The property is located at 13137 wornall Kansas City, MO.
What is the asking price?
The asking price for this property is $639,000.
What are key features of this property?
This property features: Two‑story office/showroom/flex building - a great opportunity for your business.; Located in Martin City (Kansas City, MO).; Situated in an Opportunity Zone.
