Highway Frontage Multi-Building Commercial
1900 W Us Highway 69, Excelsior Springs, MO 64024
For Sale
$950,000
Multi-building commercial property with highway frontage and easy access.
Property Size2,700 SF
Lot Size1.43 Acres
Price / SF$351.85
Days on Market1217
Property Features for 1900 W Us Highway 69
General Information
Standard status
Size
Lot size
Taxes and HOA fees
Annual Taxes
Listing Agency:
RE/MAX Area Real Estate
Listed By:
SimmonsSales Team
(816) 630-4000
Source:
Exprealty
Added: Jul 12, 2023
Changed: Oct 26
Last Checked: Nov 8 at 6:40AM
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 RE/MAX Area Real Estate
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Investment Insights
Based on property information with market context.
Located just off Highway 69, this property offers convenient access. The site includes multiple buildings situated on 1.43 acres. The main building, spanning 2,700 square feet (36x75), faces the highway. The shop area features three 11-foot-wide by 12-foot-high insulated motorized overhead doors, along with a storage area above two bays and two 200-amp breaker boxes. Approximately 1,400 square feet of office space includes a kitchen area and a full bathroom with a shower. Behind the main building is a storage building with sliding metal doors and another 4-bay storage building, with two bays having garage doors. A 750 square foot office building, accessible from the back entrance, includes a mini kitchen, full bath, and storage area. The property has two entrances and offers opportunities for various uses.
Key Highlights
- Prime location with easy access to 69 Hwy.
- Multiple buildings on 1.43 acres, offering diverse usage possibilities.
- Main 2,700 sq ft building features a shop area with three 11'x12' motorized overhead doors and a 1,400 sq ft office space with kitchen and full bath.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,010
Cap Rate
4.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$760,200
$760.2K
Cap Rate 7%
$543,000
$543.0K
Cap Rate 9%
$422,333
$422.3K
Market Conditions
NOI Build-Up for 2,700 SF
Gross rent
$58.3K $21.60/SF
− Vacancy
−$7.6K −$2.83/SF
EGI
$50.7K $18.77/SF
− OpEx
−$12.7K −$4.69/SF
NOI
$38.0K $14.08/SF
Area
Clay County, MO
Vacancy
13.10%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$760,200
Cap Rate 7%
$543,000
Cap Rate 9%
$422,333
Alternative Uses
Best Use
Office B
$543.0K
$475.1K – $633.5K
NOI $38,010 @ 7.0% cap · market cap 4.00%
Second Best
Retail
$365.8K
$320.1K – $426.8K
NOI $25,607 @ 7.0% cap · market cap 2.70%
Theoretical Best
Office A
$826.7K
$723.3K – $964.4K
NOI $57,866 @ 7.0% cap · market cap 6.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
186
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Demographics for 64024, MO
15,575
Population
6,165
Households
2.5
Avg Household Size
42
Median Age
15%
College-Educated
89%
High-School Grad
70.4 sq mi
ZIP Area
221
Density / Sq Mi
$80,781
Median Household Income
$41,964
Median Earnings
$916
Median Rent
$185,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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- BSD Mobile Windshield Repair of Holt — 2000 W Jesse James Rd, Excelsior Springs, MO 64024
Frequently Asked Questions
What type of property is this?
Auto shop - Multi-building commercial property with highway frontage and easy access.
Where is this auto shop located?
The property is located at 1900 W Us Highway 69 Excelsior Springs, MO.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Prime location with easy access to 69 Hwy.; Multiple buildings on 1.43 acres, offering diverse usage possibilities.; Main 2,700 sq ft building features a shop area with three 11'x12' motorized overhead doors and a 1,400 sq ft office space with kitchen and full bath.
