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    Versatile Commercial Property Near I-70 Title is generated by Realmo AI

    3812 Bennington Avenue, Kansas City, MO 64129

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    Claim this Listing
    For Sale
    $459,999

    COMMERCIAL - Kansas City, MO

    Property size:
    7,500 SF
    Lot size:
    0.22 Acres
    Price / SF:
    $61/SF
    Added:
    Dec 4, 2025
    Days on Market:
    160
    Last Refresh:
    May 13 at 3:06 am

    Property Features for 3812 Bennington Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    M 1-5
    Parking features
    Paved or Surfaced, On Street
    Interior features
    Storage, Private Restroom
    Exterior features
    Delivery Door(s)
    Standard status
    Active
    APN
    31-120-24-16-00-0-00-000
    Size
    7,500 SF
    Lot size
    0.22 Acres

    Taxes and HOA fees

    Tax Description
    LEEDS S 1/2 OF LOT 4 BLK 4 ALL OF LOT 5 BLK 4
    Tax Annual Amount
    2717

    Utilities

    Utilities
    Water Available

    Building Details

    Year built
    1953
    Floors in Building
    1
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Wes Schlobohm

    Listing agent Wes Schlobohm License #B2004021433

    Listing office Keller Williams Legacy Partner 7070 Renner Rd Ste 100, Shawnee, MO

    Listing date Dec 4, 2025

    MLS# 2582692

    Copyright © 2026 Heartland Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • M 1‑5 zoning allows for cannabis, auto dealership & repair, machine shop, etc.
    • 7500 sq. ft. layout with one large shop (3500 sq. ft.), one medium shop (2500 sq. ft.), and one small shop (900 sq. ft.)
    • Recent upgrades: new overhead door (2025), new TPO roof (2024), new LED shop and exterior lights (2024), new sub‑panels (2024), and new insulation (2024).
    • Can be divided into two units.
    • Centrally located off I‑70 & 435.
    • Low property taxes.

    Overview

    This commercial property, centrally located off I-70 and 435, offers 7500 square feet of space. The layout includes a 3500 sq ft large shop, a 2500 sq ft medium shop, a 900 sq ft small shop, one shop office, and two front offices. There are also two bathrooms. The property can be divided into two units. Recent improvements include a new overhead door in 2025, a new mechanical TPO roof on the flat portions in 2024, new LED shop lights and exterior lights in 2024, new sub-panels in 2024, and new insulation in 2024. A 200 amp panel was installed in 2018, and tuck pointing and painting were completed in 2018. The offices have central HVAC, gas heat, and rooftop A/C installed in 2020. The shops are equipped with three overhead gas shop heaters. Plumbing has been updated with PEX plumbing and a hot water tank. The property is zoned M 1-5, which allows for cannabis-related businesses, auto dealerships and repair shops, and machine shops. The property is situated across the street from a proposed 600,000 sq ft new industrial warehouse site. The lot size is 0.2166 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Midland Mold Supply Factory

    Suggested Use

    Real Estate Agency Restaurant Law Firm Building Supply Auto Repair Shop Gym & Fitness Center Big Box & Wholesale Store Skin Care Clinic Accounting Firm Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Kansas City
    County
    Platte
    State
    Missouri
    Longitude
    -94.507756
    Latitude
    39.055141

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    FAQs

    What type of property is this?
    Flex space - Centrally located commercial property suitable for various business uses.
    Where is this flex space located?
    The property is located at 3812 Bennington Avenue Kansas City, MO.
    What is the asking price?
    The asking price for this property is $459,999.
    What are key features of this property?
    This property features: M 1‑5 zoning allows for cannabis, auto dealership & repair, machine shop, etc.; **7500 sq. ft. layout with one large shop (3500 sq. ft.), one medium shop (2500 sq. ft.), and one small shop (900 sq. ft.)**; Recent upgrades: new overhead door (2025), new TPO roof (2024), new LED shop and exterior lights (2024), new sub‑panels (2024), and new insulation (2024).
    (816) 564-3574
    We can help!
    Listing Contact
    Wes Schlobohm
    Real Estate License ID: B2004021433
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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