Fenced Warehouse With Outdoor
For Sale
$1,500,000
3425 Terrace St, Kansas City, MO 64111
Vacant industrial space includes secured outdoor storage and multiple loading options.
Property Size7,000 SF
Lot Size2.29 Acres
Price / SF$214.29
Days on Market26
Property Features for 3425 Terrace St
General Information
Standard status
Active
Size
7,000 SF
Lot size
2.29 Acres
Zoning
M1-5
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Utilities to Site
Yes
Warehouse & Industrial
Clear Height
25 ft
Warehouse Space
7,000 SF
Dock-High Doors
1
Drive-In Doors
2
Additional Details
Asking Price
$1,500,000
Land Use
industrial
Building Details
Year Built
1974
Buildings
1
Building Size
7,000 SF
Listing Agency:
Midwest CRE Advisors, LLC
Listed By:
Logan Freeman · License #2017044342
Source:
Francishomegroup
Added: Sep 2
Changed: Sep 15
Last Checked: Sep 26 at 12:13PM
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 Midwest CRE Advisors, LLC
Investment Insights
Based on property information with market context.
The property includes a 7,000-square-foot industrial warehouse on fenced industrial land. Building features include 25-foot clear height, one dock-high door, two drive-in doors, concrete floors with drains, and existing natural gas and electric service. Constructed in 1974, the facility is vacant and available for immediate occupancy.
M1-5 zoning supports its industrial setting, while access to I-35, I-70, I-29, and I-49 connects the property with major regional routes. The combination of enclosed warehouse space and secured outdoor area provides a functional configuration for operations requiring storage, loading, or equipment staging.
M1-5 zoning supports its industrial setting, while access to I-35, I-70, I-29, and I-49 connects the property with major regional routes. The combination of enclosed warehouse space and secured outdoor area provides a functional configuration for operations requiring storage, loading, or equipment staging.
Key Highlights
- 7,000 SF industrial warehouse on a fenced site
- 25' clear height
- One dock‑high door and two drive‑in doors
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
$56,003
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
3.73%
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%
$1,120,060
$1.1M
Cap Rate 7%
$800,043
$800.0K
Cap Rate 9%
$622,256
$622.3K
Market Conditions
NOI Build-Up for 7,000 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
$69.7K $9.96/SF
− Vacancy
−$3.8K −$0.55/SF
EGI
$65.9K $9.41/SF
− OpEx
−$9.9K −$1.41/SF
NOI
$56.0K $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%
$1,120,060
Cap Rate 7%
$800,043
Cap Rate 9%
$622,256
Alternative Uses
Best Use
Warehouse
$800.0K
$700.0K – $933.4K
NOI $56,003 @ 7.0% cap · market cap 3.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.67M
$1.46M – $1.95M
NOI $116,713 @ 7.0% cap · market cap 7.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
25 ft
Clear height
1
Dock-high doors
2
Drive-in doors
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,269
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 64111, MO
17,112
Population
12,430
Households
1.4
Avg Household Size
33
Median Age
64%
College-Educated
96%
High-School Grad
2.7 sq mi
ZIP Area
6,338
Density / Sq Mi
$61,802
Median Household Income
$49,942
Median Earnings
$1,184
Median Rent
$269,500
Median Home Value
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?
Warehouse - Vacant industrial space includes secured outdoor storage and multiple loading options.
Where is this warehouse located?
The property is located at 3425 Terrace St Kansas City, MO.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 7,000 SF industrial warehouse on a fenced site; 25' clear height; One dock‑high door and two drive‑in doors
