Office Building With Industrial
For Sale
Contact for pricing
3200 Manchester Trafficway, Kansas City, MO 64129
Office building with M1-5 and LI zoning, wet sprinklers, and substantial three-phase electrical service.
Property Size24,500 SF
Lot Size9.00 Acres
Price / SF$173.47
Days on Market131
Property Features for 3200 Manchester Trafficway
General Information
Standard status
Active
Size
24,500 SF
Class
B
Lot size
9.00 Acres
Property subtype
Office
Zoning
M1-5 & LI
Additional Details
Sprinkler System
Yes
Building Details
Year Built
1975
Year Renovated
1999
Buildings
2
Stories
1
Building Size
24,500 SF
Listing Agency:
Newmark
(816) 718-3626
Listed By:
Mark Long · License #MO 1999093857
Source:
Crexi
Added: Apr 22
Changed: Aug 30
Last Checked: Aug 30 at 1:04AM
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 Newmark
Investment Insights
Based on property information with market context.
The property is an office building containing approximately 24,500 square feet on approximately 9 acres. Constructed in 1975, it includes an additional office area added in 1999. Building infrastructure includes a wet sprinkler system, 1,200A three-phase power, and 16-foot clear ceiling height.
Located at 3200 Manchester Trafficway in Kansas City, Missouri, the property carries M1-5 and LI zoning. The combination of office improvements, industrial-oriented zoning, substantial electrical capacity, sprinkler protection, and elevated clear height supports a range of commercial operating requirements.
Located at 3200 Manchester Trafficway in Kansas City, Missouri, the property carries M1-5 and LI zoning. The combination of office improvements, industrial-oriented zoning, substantial electrical capacity, sprinkler protection, and elevated clear height supports a range of commercial operating requirements.
Key Highlights
- ±24,500 SF building
- ±9 Acres of land
- M1‑5 and LI zoning
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
$346,141
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
8.14%
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%
$6,922,820
$6.9M
Cap Rate 7%
$4,944,871
$4.9M
Cap Rate 9%
$3,846,011
$3.8M
Market Conditions
NOI Build-Up for 24,500 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
$552.7K $22.56/SF
− Vacancy
−$91.2K −$3.72/SF
EGI
$461.5K $18.84/SF
− OpEx
−$115.4K −$4.71/SF
NOI
$346.1K $14.13/SF
Area
Kansas City, MO
Vacancy
16.50%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
25.00%
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%
$6,922,820
Cap Rate 7%
$4,944,871
Cap Rate 9%
$3,846,011
Alternative Uses
Best Use
Office B
$4.94M
$4.33M – $5.77M
NOI $346,141 @ 7.0% cap · market cap 8.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.84M
$5.11M – $6.81M
NOI $408,495 @ 7.0% cap · market cap 9.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
102
Businesses Nearby
Explore this area
Business Placement
Demographics for 64129, MO
8,767
Population
4,002
Households
2.2
Avg Household Size
36
Median Age
15%
College-Educated
93%
High-School Grad
10.3 sq mi
ZIP Area
851
Density / Sq Mi
$52,243
Median Household Income
$38,182
Median Earnings
$1,116
Median Rent
$112,000
Median Home Value
Market
Vacancy Rate% for Office in Kansas City, MO
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Office building with M1-5 and LI zoning, wet sprinklers, and substantial three-phase electrical service.
Where is this office building located?
The property is located at 3200 Manchester Trafficway Kansas City, MO.
What is the asking price?
The asking price for this property is $4,250,000.
What are key features of this property?
This property features: ±24,500 SF building; ±9 Acres of land; M1‑5 and LI zoning
