Industrial Warehouse with Outside
For Sale
Contact for pricing
401 SE Fleetway Dr, Lees Summit, MO 64081
The property includes a fenced, lit compacted-gravel area for outside storage.
Property Size8,100 SF
Lot Size2.00 Acres
Price / SF$172.22
Days on Market58
Property Features for 401 SE Fleetway Dr
General Information
Standard status
Active
Size
8,100 SF
Lot size
2.00 Acres
Property subtype
Industrial
Zoning
PI – Planned Industrial
Lease Type
Net
Site & Location
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Additional Details
Drive-In Doors
2
Building Details
Year Built
1998
Buildings
1
Building Size
8,100 SF
Listing Agency:
NAI Heartland
Listed By:
Jon England · License #KS 00221043
(913) 890-2002
Source:
Crexi
Added: Aug 12
Changed: Sep 15
Last Checked: Oct 7 at 12:57PM
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 NAI Heartland
Investment Insights
Based on property information with market context.
This 8,100 SF industrial warehouse occupies an approximately 2.004-acre site and includes two drive-in loading doors measuring 12’W x 14’H. The exterior storage area is fenced, lighted, and surfaced with compacted gravel, providing a defined outdoor component to the property. Built in 1998, the building is designated PI—Planned Industrial.
The property is positioned at the signalized corner of Bailey Rd and Hamblen Rd in Lee’s Summit, Missouri. Its combination of warehouse space, secured exterior storage, and direct drive-in loading access provides a straightforward industrial configuration.
The property is positioned at the signalized corner of Bailey Rd and Hamblen Rd in Lee’s Summit, Missouri. Its combination of warehouse space, secured exterior storage, and direct drive-in loading access provides a straightforward industrial configuration.
Key Highlights
- 8,100 SF industrial building on an approximately 2.004‑acre site
- Fenced and lit compacted gravel outside storage area
- Two (2) 12’W x 14’H drive‑in loading doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$82,587
Cap Rate
5.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,651,740
$1.7M
Cap Rate 7%
$1,179,814
$1.2M
Cap Rate 9%
$917,633
$917.6K
Market Conditions
NOI Build-Up for 8,100 SF
Gross rent
$102.1K $12.60/SF
− Vacancy
−$4.9K −$0.60/SF
EGI
$97.2K $12.00/SF
− OpEx
−$14.6K −$1.80/SF
NOI
$82.6K $10.20/SF
Area
Lees Summit, MO
Vacancy
4.80%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,651,740
Cap Rate 7%
$1,179,814
Cap Rate 9%
$917,633
Alternative Uses
Best Use
Warehouse
$1.18M
$1.03M – $1.38M
NOI $82,587 @ 7.0% cap · market cap 5.92%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.06M
$1.80M – $2.40M
NOI $143,905 @ 7.0% cap · market cap 10.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Drive-in doors
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
431
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
Vacancy Rate% for Industrial in Midwest region
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Similar Off Market Nearby
- Jefferson Street Storage — 5 SW Industrial Dr, Lee's Summit, MO 64081
- WISE RENTALS — 1603 SW Jefferson St, Lee's Summit, MO 64081
- Monroe Self Storage Facility — 1610 SE Summit St, Lee's Summit, MO 64081
- Studdard Relocation Services — 412 SE Fleetway Cir, Lee's Summit, MO 64081
- StorageMart — 465 se oldham pkwy, lee's summit, mo 64081
Frequently Asked Questions
What type of property is this?
Warehouse - The property includes a fenced, lit compacted-gravel area for outside storage.
Where is this warehouse located?
The property is located at 401 SE Fleetway Dr Lees Summit, MO.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: 8,100 SF industrial building on an approximately 2.004‑acre site; Fenced and lit compacted gravel outside storage area; Two (2) 12’W x 14’H drive‑in loading doors
