Secured Warehouse with Fenced
For Sale
$2,600,000
19 Elmwood Avenue, Kansas City, KS 66103
Warehouse with fenced lot, 2,500 SF office, and dock doors.
Property Size31,700 SF
Price / SF$82.02
Days on Market162
Property Features for 19 Elmwood Avenue
General Information
Standard status
Active
Size
31,700 SF
Property subtype
Industrial
Listing Agency:
CBRE - Kansas City
Listed By:
Ben Whetstone · License #00247020
(816) 756-3535
Source:
Cbre
Added: Mar 25
Changed: Aug 19
Last Checked: Sep 1 at 2:41PM
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 commercial property features a fully fenced and paved secured lot. The warehouse component includes 2,500 square feet of office space. The structure has a clear height of 23 feet and is equipped with 3 dock doors and 1 drive-in door. The property is suitable for warehouse and industrial use.
Key Highlights
- Fully fenced, paved, and secured lot
- Benefit from the 23' clear height
- Features 3 dock 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
$229,167
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
8.81%
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%
$4,583,340
$4.6M
Cap Rate 7%
$3,273,814
$3.3M
Cap Rate 9%
$2,546,300
$2.5M
Market Conditions
NOI Build-Up for 31,700 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
$285.3K $9.00/SF
− Vacancy
−$15.7K −$0.50/SF
EGI
$269.6K $8.50/SF
− OpEx
−$40.4K −$1.28/SF
NOI
$229.2K $7.23/SF
Area
Kansas City, KS
Vacancy
5.50%
Lease Rate
$9.00 /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%
$4,583,340
Cap Rate 7%
$3,273,814
Cap Rate 9%
$2,546,300
Alternative Uses
Best Use
Warehouse
$3.27M
$2.86M – $3.82M
NOI $229,167 @ 7.0% cap · market cap 8.81%
Second Best
Industrial
$2.70M
$2.36M – $3.15M
NOI $188,726 @ 7.0% cap · market cap 7.26%
Theoretical Best
Office A
$5.25M
$4.60M – $6.13M
NOI $367,625 @ 7.0% cap · market cap 14.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
635
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 66103, KS
12,741
Population
6,971
Households
1.8
Avg Household Size
33
Median Age
32%
College-Educated
88%
High-School Grad
4.7 sq mi
ZIP Area
2,711
Density / Sq Mi
$49,403
Median Household Income
$39,673
Median Earnings
$1,166
Median Rent
$119,400
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Extra Space Storage — 500 Southwest Blvd, Kansas City, KS 66103, United States
- Katy Elevator — 340 Southwest Blvd, Kansas City, KS 66103
- StorageMart — 195 Southwest Blvd, Kansas City, KS 66103
- Terrace Storage Units — 3175 Terrace St, Kansas City, MO 64111
- Kansas City Downtown Underground — 1501 w 31st st, kansas city, mo 64111
Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse with fenced lot, 2,500 SF office, and dock doors.
Where is this warehouse located?
The property is located at 19 Elmwood Avenue Kansas City, KS.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: Fully fenced, paved, and secured lot; Benefit from the 23' clear height; Features 3 dock doors
