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 Market207
Property Features for 19 Elmwood Avenue
General Information
Standard status
Active
Size
31,700 SF
Property subtype
Industrial
Listing Agency:
CBRE
Listed By:
Ben Whetstone · License #00247020
(816) 756-3535
Source:
Cbre
Added: Mar 25
Changed: Oct 6
Last Checked: Oct 16 at 6:27AM
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
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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 / Yr
$229,167
Cap Rate
8.81%
Suggested Prices Based on Cap Rates
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
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 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.
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Open Analytics
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
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- 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
