Flex Space with Drive-In
207 Southeast 16th Street Terrace, Lees Summit, MO 64081
For Sale
Contact for pricing
Two buildings occupy a fenced industrial property with access to Route 291 and Highway 50.
Property Size5,070 SF
Lot Size1.04 Acres
Price / SF$147.93
Days on Market50
Property Features for 207 Southeast 16th Street Terrace
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Highway Access
Road Access
Fenced Yard
Additional Details
Drive-In Doors
Amenities
5 Drive-In Loading Doors
Building Details
Buildings
Listing Agency:
Block Real Estate Services, LL
Listed By:
Christel Highland
(816) 410-9584
Source:
Crexi
Added: Sep 21
Changed: Nov 6
Last Checked: Nov 8 at 6:43AM
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 Block Real Estate Services, LL
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Investment Insights
Based on property information with market context.
The flex property comprises two buildings with a combined 5,070 square feet. The 1.04-acre site is fenced and includes five drive-in loading doors. Equipment may be included in a sale.
Key Highlights
- Two buildings totaling 5,070 SF
- 1.04‑acre fenced parcel
- Five drive‑in loading doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,528
Cap Rate
7.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,170,560
$1.2M
Cap Rate 7%
$836,114
$836.1K
Cap Rate 9%
$650,311
$650.3K
Market Conditions
NOI Build-Up for 5,070 SF
Gross rent
$97.3K $19.20/SF
− Vacancy
−$7.3K −$1.44/SF
EGI
$90.0K $17.76/SF
− OpEx
−$31.5K −$6.22/SF
NOI
$58.5K $11.54/SF
Area
Lees Summit, MO
Vacancy
7.50%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,170,560
Cap Rate 7%
$836,114
Cap Rate 9%
$650,311
Alternative Uses
Best Use
Retail
$1.03M
$901.1K – $1.20M
NOI $72,091 @ 7.0% cap · market cap 9.61%
Second Best
Flex RnD
$836.1K
$731.6K – $975.5K
NOI $58,528 @ 7.0% cap · market cap 7.80%
Theoretical Best
Specialty Retail
$1.29M
$1.13M – $1.50M
NOI $90,074 @ 7.0% cap · market cap 12.01%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
5
Drive-in doors
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
339
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 64081, MO
24,903
Population
10,778
Households
2.3
Avg Household Size
43
Median Age
51%
College-Educated
98%
High-School Grad
13.0 sq mi
ZIP Area
1,916
Density / Sq Mi
$103,490
Median Household Income
$61,338
Median Earnings
$1,449
Median Rent
$333,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Flex space in Jackson County
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Two buildings occupy a fenced industrial property with access to Route 291 and Highway 50.
Where is this flex space located?
The property is located at 207 Southeast 16th Street Terrace Lees Summit, MO.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Two buildings totaling 5,070 SF; 1.04‑acre fenced parcel; Five drive‑in loading doors
