Manufacturing Property with Heavy
New
For Sale
Contact for pricing
3255 Harvester Rd, Kansas City, KS 66115
Industrial facility with updated offices, dock loading, fenced paving, and M-3 heavy industrial zoning.
Property Size38,628 SF
Price / SF$69.77
Days on Market3
Property Features for 3255 Harvester Rd
General Information
Standard status
Active
Size
38,628 SF
Property subtype
INDUSTRIAL
Zoning
M-3
Warehouse & Industrial
Clear Height
19.3 ft
Mezzanine
6,400 SF
Dock-High Doors
6
Column Spacing
39 x 19 ft
Power
3,600 amps
Voltage
240 V
Heavy Power
Yes
Sprinkler System
Yes
Additional Details
Fenced Yard
Yes
Building Details
Year Built
1954
Listing Agency:
Kessinger Hunter Commercial Real Estate
(816) 842-2690
Listed By:
Matthew Severns
(913) 787-7636
Source:
Moodyscre
Added: Sep 3
Changed: Sep 4
Last Checked: Sep 4 at 2:54PM
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 Kessinger Hunter Commercial Real Estate
Investment Insights
Based on property information with market context.
Located at 3255 Harvester Rd in Kansas City, Kansas, this 38,628-square-foot manufacturing and warehouse facility is configured for industrial operations. The property includes recently updated office areas, a 6,400±-square-foot mezzanine, six dock-high loading positions, and a fenced, paved lot. Warehouse features include 12′ to 19′ 3″ clear heights, 39′ x 19′ column spacing, motion-sensor LED lighting, a Cambridge warehouse heating unit, and a wet sprinkler system.
The facility is supported by 3,600 Amp, 240V heavy power and carries M-3 Heavy Industrial District zoning. Built in 1954, the property also includes two metal maintenance buildings that are excluded from the stated total square footage.
The facility is supported by 3,600 Amp, 240V heavy power and carries M-3 Heavy Industrial District zoning. Built in 1954, the property also includes two metal maintenance buildings that are excluded from the stated total square footage.
Key Highlights
- 38,628 SF manufacturing and warehouse facility
- 6,400± SF mezzanine storage area
- Six dock‑high loading positions
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
$229,972
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
8.53%
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%
$4,599,440
$4.6M
Cap Rate 7%
$3,285,314
$3.3M
Cap Rate 9%
$2,555,244
$2.6M
Market Conditions
NOI Build-Up for 38,628 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
$347.7K $9.00/SF
− Vacancy
−$19.1K −$0.50/SF
EGI
$328.5K $8.50/SF
− OpEx
−$98.6K −$2.55/SF
NOI
$230.0K $5.95/SF
Area
Kansas City, KS
Vacancy
5.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
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%
$4,599,440
Cap Rate 7%
$3,285,314
Cap Rate 9%
$2,555,244
Alternative Uses
Best Use
Warehouse
$3.99M
$3.49M – $4.65M
NOI $279,251 @ 7.0% cap · market cap 10.36%
Second Best
Industrial
$3.29M
$2.87M – $3.83M
NOI $229,972 @ 7.0% cap · market cap 8.53%
Theoretical Best
Office A
$6.40M
$5.60M – $7.47M
NOI $447,969 @ 7.0% cap · market cap 16.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
19 ft
Clear height
6
Dock-high doors
Yes
Heavy power
Yes
Sprinkler system
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
141
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Manufacturing property - Industrial facility with updated offices, dock loading, fenced paving, and M-3 heavy industrial zoning.
Where is this manufacturing property located?
The property is located at 3255 Harvester Rd Kansas City, KS.
What is the asking price?
The asking price for this property is $2,695,000.
What are key features of this property?
This property features: 38,628 SF manufacturing and warehouse facility; 6,400± SF mezzanine storage area; Six dock‑high loading positions
