Industrial Flex Building with
For Sale
Contact for pricing
1315 W 12th St, Kansas City, MO 64102
Industrial flex property includes renovated manufacturing/office space, 17.5'–14.5' clear heights, docks, drive-ins, and outdoor storage yard.
Property Size52,324 SF
Lot Size1.12 Acres
Price / SF$93.17
Days on Market234
Property Features for 1315 W 12th St
General Information
Standard status
Active
Size
52,324 SF
Lot size
1.12 Acres
Property subtype
INDUSTRIAL
Site & Location
Highway Access
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Dock-High Doors
8
Drive-In Doors
2
Heavy Power
Yes
Sprinkler System
Yes
Building Details
Year Built
1970
Year Renovated
2021
Stories
2
Listing Agency:
Clemons Real Estate
(816) 621-2130
Listed By:
Kim Ansari, CCIM · License #00042291
(913) 522-9374
Source:
Moodyscre
Added: Jan 19
Changed: Aug 17
Last Checked: Sep 9 at 5:46PM
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 property offers approximately 52,243 SF of manufacturing and office space, built in 1970 and renovated in 2021. The site also includes approximately 23,000 SF of outdoor storage and staging yard, supporting warehousing, production, or operations requiring outdoor footprint. Loading features include two drive-ins, four interior docks, and four exterior docks. Clear heights are 17.5' on the first floor and 14.5' on the second floor. The building has a dry sprinkler system and heavy power.
The property is described as having an iconic location in Kansas City with excellent highway access in the Heart of the West Bottoms.
Occupancy is available beginning October 2026.
The property is described as having an iconic location in Kansas City with excellent highway access in the Heart of the West Bottoms.
Occupancy is available beginning October 2026.
Key Highlights
- 52,243 SF industrial/flex building on 1.12 acres in the West Bottoms with highway access
- Renovated in 2021 for manufacturing and office space; built in 1970
- 17.5' clear height (1st floor) and 14.5' (2nd floor) with dry sprinkler system and heavy power
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
$409,923
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
8.41%
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%
$8,198,460
$8.2M
Cap Rate 7%
$5,856,043
$5.9M
Cap Rate 9%
$4,554,700
$4.6M
Market Conditions
NOI Build-Up for 52,324 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
$678.1K $12.96/SF
− Vacancy
−$47.5K −$0.91/SF
EGI
$630.7K $12.05/SF
− OpEx
−$220.7K −$4.22/SF
NOI
$409.9K $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%
$8,198,460
Cap Rate 7%
$5,856,043
Cap Rate 9%
$4,554,700
Alternative Uses
Best Use
Flex RnD
$5.86M
$5.12M – $6.83M
NOI $409,923 @ 7.0% cap · market cap 8.41%
Second Best
Industrial
$4.92M
$4.31M – $5.75M
NOI $344,739 @ 7.0% cap · market cap 7.07%
Theoretical Best
Office A
$12.46M
$10.91M – $14.54M
NOI $872,413 @ 7.0% cap · market cap 17.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
8
Dock-high doors
2
Drive-in doors
Yes
Heavy power
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 64102, MO
15
Population
16
Households
0.9
Avg Household Size
42
Median Age
100%
College-Educated
100%
High-School Grad
0.3 sq mi
ZIP Area
50
Density / Sq Mi
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Kansas City, MO
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial flex property includes renovated manufacturing/office space, 17.5'–14.5' clear heights, docks, drive-ins, and outdoor storage yard.
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 building on 1.12 acres in the West Bottoms with highway access; Renovated in 2021 for manufacturing and office space; built in 1970; 17.5' clear height (1st floor) and 14.5' (2nd floor) with dry sprinkler system and heavy power
