Industrial Flex Building with Multiple
For Sale
$4,875,000
1315 W 12th St., Kansas City, MO 64101
Flex-ready industrial property offers covered dock capacity, outdoor storage, and clear heights well suited for light manufacturing uses.
Property Size52,324 SF
Lot Size1.12 Acres
Price / SF$93.31
Days on Market93
Property Features for 1315 W 12th St.
General Information
Standard status
Active
Size
52,324 SF
Lot size
1.12 Acres
Property subtype
Industrial
Warehouse & Industrial
Clear Height
17 ft
Dock-High Doors
8
Drive-In Doors
2
Sprinkler System
Yes
Additional Details
Highway Access
Yes
Building Details
Building Size
52,324 SF
Year Built
1970
Year Renovated
2021
Stories
2
Listing Agency:
Clemons Real Estate
Listed By:
Kim Ansari, CCIM · License #00042291
(913) 522-9374
Source:
Clemonsrealestate
Added: Jun 2
Changed: Aug 27
Last Checked: Sep 1 at 5:49PM
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
Investment Insights
Based on property information with market context.
This industrial/flex building includes both dock-enabled loading and space for manufacturing and office use. The property was built in 1970 and renovated in 2021, and it features a dry sprinkler system. Loading is designed for flexible operations with an angulated 4-position covered interior dock, an exterior 4-position covered dock, and two drive-ins. Clear heights are reported at 17.5' on the first floor and 14.5' on the second floor.
Set in the heart of the West Bottoms, the building is positioned for strong highway visibility and access. The site includes 1.12 acres of land and 23,000 SF of outdoor storage and staging yard, supporting inventory, staging, and day-to-day operational needs.
The configuration makes this a strong fit for industrial tenants looking for on-site loading capability plus functional outdoor staging, or for owner-occupants evaluating a manufacturing setup with office space. Buyers and developers may also consider the building as a redevelopment candidate given its established industrial improvements and current availability for occupancy in October 2026.
Set in the heart of the West Bottoms, the building is positioned for strong highway visibility and access. The site includes 1.12 acres of land and 23,000 SF of outdoor storage and staging yard, supporting inventory, staging, and day-to-day operational needs.
The configuration makes this a strong fit for industrial tenants looking for on-site loading capability plus functional outdoor staging, or for owner-occupants evaluating a manufacturing setup with office space. Buyers and developers may also consider the building as a redevelopment candidate given its established industrial improvements and current availability for occupancy in October 2026.
Key Highlights
- 52,243 SF industrial/flex space on 1.12 acres, built in 1970 and renovated in 2021 for manufacturing and office use
- Dock capacity: 4 interior covered docks plus 4 exterior covered docks, including an angulated 4‑position interior dock
- Covered loading includes 2 drive‑ins and covered exterior/drive‑in access for deliveries and logistics
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
$417,963
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
8.57%
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%
$8,359,260
$8.4M
Cap Rate 7%
$5,970,900
$6.0M
Cap Rate 9%
$4,644,033
$4.6M
Market Conditions
NOI Build-Up for 52,243 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
$520.3K $9.96/SF
− Vacancy
−$28.6K −$0.55/SF
EGI
$491.7K $9.41/SF
− OpEx
−$73.8K −$1.41/SF
NOI
$418.0K $8.00/SF
Area
Kansas City, MO
Vacancy
5.50%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
15.00%
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%
$8,359,260
Cap Rate 7%
$5,970,900
Cap Rate 9%
$4,644,033
Alternative Uses
Best Use
Warehouse
$5.97M
$5.22M – $6.97M
NOI $417,963 @ 7.0% cap · market cap 8.57%
Second Best
Flex RnD
$5.85M
$5.12M – $6.82M
NOI $409,288 @ 7.0% cap · market cap 8.40%
Theoretical Best
Office A
$12.44M
$10.89M – $14.52M
NOI $871,062 @ 7.0% cap · market cap 17.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
17 ft
Clear height
8
Dock-high doors
2
Drive-in doors
Yes
Sprinkler system
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,294
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 64101, MO
270
Population
126
Households
2.1
Avg Household Size
36
Median Age
30%
College-Educated
85%
High-School Grad
0.4 sq mi
ZIP Area
675
Density / Sq Mi
$1,270
Median Rent
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-ready industrial property offers covered dock capacity, outdoor storage, and clear heights well suited for light manufacturing uses.
Where is this flex space located?
The property is located at 1315 W 12th St. Kansas City, MO.
What is the asking price?
The asking price for this property is $4,875,000.
What are key features of this property?
This property features: 52,243 SF industrial/flex space on 1.12 acres, built in 1970 and renovated in 2021 for manufacturing and office use; Dock capacity: 4 interior covered docks plus 4 exterior covered docks, including an angulated 4‑position interior dock; Covered loading includes 2 drive‑ins and covered exterior/drive‑in access for deliveries and logistics
