Flex Space with
For Sale
$599,000
3516 Blue Ridge Cut Off N/a, Kansas City, MO 64133
Reverse two-story commercial building with concrete and brick construction, multiple access points, and B3-2 zoning.
Property Size10,932 SF
Lot Size1.07 Acres
Price / SF$54.79
Days on Market331
Property Features for 3516 Blue Ridge Cut Off N/a
General Information
Standard status
Active
Size
10,932 SF
Lot size
1.07 Acres
Property subtype
Retail
Zoning
B3-2
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
3
Parking.
Paved Driveway, Lot.
Building Details
Year Built
1962
Stories
2
Construction
concrete and brick
Listing Agency:
Cates Auction & Realty Co Inc
(816) 781-1134
Listed By:
Alex Forster · License #02046445
(816) 781-1134
Source:
Xome
Added: Oct 4, 2025
Changed: Aug 30
Last Checked: Aug 30 at 2:28PM
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 Cates Auction & Realty Co Inc
Investment Insights
Based on property information with market context.
This flex commercial property occupies 1.07± acres and includes 10,932± square feet in a reverse two-story configuration. Originally constructed in 1962, the building combines concrete and brick construction with broad interior areas and multiple access points. The layout provides a substantial base for adaptive commercial use, subject to applicable approvals and requirements.
An expansive paved parking lot serves the property, with two curb cuts supporting site access. The asset is located near the Truman Sports Complex and offers connectivity to I-70, I-435, and U.S. Highway 40. B3-2 zoning and the existing building configuration add practical flexibility for a range of commercial plans.
An expansive paved parking lot serves the property, with two curb cuts supporting site access. The asset is located near the Truman Sports Complex and offers connectivity to I-70, I-435, and U.S. Highway 40. B3-2 zoning and the existing building configuration add practical flexibility for a range of commercial plans.
Key Highlights
- 1.07± acres with 10,932± square feet of building area
- 1962 construction with solid concrete and brick exterior
- Reverse two‑story layout with multiple access points
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
$45,125
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
7.53%
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%
$902,500
$902.5K
Cap Rate 7%
$644,643
$644.6K
Cap Rate 9%
$501,389
$501.4K
Market Conditions
NOI Build-Up for 10,932 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
$68.2K $6.24/SF
− Vacancy
−$3.8K −$0.34/SF
EGI
$64.5K $5.90/SF
− OpEx
−$19.3K −$1.77/SF
NOI
$45.1K $4.13/SF
Area
ZIP 64133
Vacancy
5.50%
Lease Rate
$6.24 /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%
$902,500
Cap Rate 7%
$644,643
Cap Rate 9%
$501,389
Alternative Uses
Best Use
Flex RnD
$906.3K
$793.0K – $1.06M
NOI $63,441 @ 7.0% cap · market cap 10.59%
Second Best
Industrial
$644.6K
$564.1K – $752.1K
NOI $45,125 @ 7.0% cap · market cap 7.53%
Theoretical Best
Office A
$2.59M
$2.27M – $3.02M
NOI $181,289 @ 7.0% cap · market cap 30.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
269
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 64133, MO
35,259
Population
16,435
Households
2.1
Avg Household Size
41
Median Age
23%
College-Educated
93%
High-School Grad
17.0 sq mi
ZIP Area
2,074
Density / Sq Mi
$66,816
Median Household Income
$40,874
Median Earnings
$1,185
Median Rent
$165,700
Median Home Value
Market
Vacancy Rate% for Industrial in Kansas City, MO
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Flex space - Reverse two-story commercial building with concrete and brick construction, multiple access points, and B3-2 zoning.
Where is this flex space located?
The property is located at 3516 Blue Ridge Cut Off N/a Kansas City, MO.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 1.07± acres with 10,932± square feet of building area; 1962 construction with solid concrete and brick exterior; Reverse two‑story layout with multiple access points
