Industrial Flex
For Sale
Contact for pricing
1700 E Old State Route 210, Liberty, MO 64068
Includes a dedicated industrial shop and separate office building.
Property Size17,400 SF
Lot Size6.35 Acres
Price / SF$126.44
Days on Market244
Property Features for 1700 E Old State Route 210
General Information
Standard status
Active
Size
17,400 SF
Lot size
6.35 Acres
Property subtype
INDUSTRIAL
Warehouse & Industrial
Warehouse Space
2,900 SF
Office Build-Out
14,200 SF
Additional Details
Asking Price
$2,200,000
Building Details
Year Built
1989
Buildings
2
Listing Agency:
CBRE | Kansas City
(816) 756-3535
Listed By:
Mike Mitchelson · License #00047222
(913) 302-3564
Source:
Moodyscre
Added: Jan 21
Changed: Sep 7
Last Checked: Sep 21 at 11:20AM
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 CBRE | Kansas City
Investment Insights
Based on property information with market context.
This flex property includes 17,400+/- SF across an industrial shop building and a separate office building. The industrial component totals 2,900+/- SF, while the office building contains 14,200+/- SF. Built in 1989, the improvements are situated on 6.35+/- acres at 1700 E Old State Route 210 in Liberty, Missouri. The property is offered for sale.
Key Highlights
- 17,400+/- SF total property size
- 14,200+/- SF office building
- 2,900+/- SF industrial (shop) building
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
$67,679
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
3.08%
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%
$1,353,580
$1.4M
Cap Rate 7%
$966,843
$966.8K
Cap Rate 9%
$751,989
$752.0K
Market Conditions
NOI Build-Up for 17,400 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
$102.3K $5.88/SF
− Vacancy
−$5.6K −$0.32/SF
EGI
$96.7K $5.56/SF
− OpEx
−$29.0K −$1.67/SF
NOI
$67.7K $3.89/SF
Area
Clay County, MO
Vacancy
5.50%
Lease Rate
$5.88 /SF/Yr
Expense Ratio
30.00%
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%
$1,353,580
Cap Rate 7%
$966,843
Cap Rate 9%
$751,989
Alternative Uses
Best Use
Office B
$3.50M
$3.06M – $4.08M
NOI $244,954 @ 7.0% cap · market cap 11.13%
Second Best
Flex RnD
$3.38M
$2.95M – $3.94M
NOI $236,336 @ 7.0% cap · market cap 10.74%
Theoretical Best
Office A
$5.33M
$4.66M – $6.22M
NOI $372,917 @ 7.0% cap · market cap 16.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
35
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 64068, MO
37,222
Population
14,656
Households
2.5
Avg Household Size
39
Median Age
39%
College-Educated
97%
High-School Grad
84.8 sq mi
ZIP Area
439
Density / Sq Mi
$95,425
Median Household Income
$51,642
Median Earnings
$1,172
Median Rent
$268,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Includes a dedicated industrial shop and separate office building.
Where is this flex space located?
The property is located at 1700 E Old State Route 210 Liberty, MO.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 17,400+/- SF total property size; 14,200+/- SF office building; 2,900+/- SF industrial (shop) building
