Two-Building Portfolio in Kansas
4219-4225 NE Antioch Rd, Kansas City, MO 64117
For Sale
Contact for pricing
Two service buildings with cell tower lease near I-35.
Property Size9,047 SF
Price / SF$149.22
Days on Market693
Property Features for 4219-4225 NE Antioch Rd
General Information
Standard status
Size
Property subtype
Zoning
Occupancy
Lease Type
Site & Location
Neighborhood
Building Details
Buildings
Stories
Tenancy
Listing Agency:
Midwest Capital Realty Advisors, LLC
Listed By:
Richard Lanning · License MO #00034742
(816) 769-5507
Source:
Crexi
Added: Dec 18, 2024
Changed: Nov 2
Last Checked: Nov 10 at 7:21AM
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 Midwest Capital Realty Advisors, LLC
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Investment Insights
Based on property information with market context.
This offering features a two-building portfolio in Kansas City's Northland, situated near the intersection of NE Antioch Road and Interstate 35. The portfolio includes a 6,000-square-foot service building and a 3,047-square-foot service building. Additionally, a cell tower lease is in place, generating approximately $27,416 in annual gross revenue. The properties, totaling 9,047 square feet, are available as a collective purchase or can be divided into two separate offerings. One offering includes the 3,047-square-foot service building with the cell tower lease, while the other consists of the 6,000-square-foot building.
Key Highlights
- Prime two‑building portfolio in Kansas City’s Northland.
- Located near the intersection of NE Antioch Road and Interstate 35.
- 6,000‑square‑foot service building included.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$99,540
Cap Rate
7.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,990,800
$2.0M
Cap Rate 7%
$1,422,000
$1.4M
Cap Rate 9%
$1,106,000
$1.1M
Market Conditions
NOI Build-Up for 9,047 SF
Gross rent
$177.0K $19.56/SF
− Vacancy
−$17.7K −$1.96/SF
EGI
$159.3K $17.60/SF
− OpEx
−$59.7K −$6.60/SF
NOI
$99.5K $11.00/SF
Area
Kansas City, MO
Vacancy
10.00%
Lease Rate
$19.56 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,990,800
Cap Rate 7%
$1,422,000
Cap Rate 9%
$1,106,000
Alternative Uses
Best Use
Office B
$1.83M
$1.60M – $2.13M
NOI $127,818 @ 7.0% cap · market cap 9.47%
Second Best
Mixed Use
$1.42M
$1.24M – $1.66M
NOI $99,540 @ 7.0% cap · market cap 7.37%
Theoretical Best
Office A
$2.15M
$1.89M – $2.51M
NOI $150,843 @ 7.0% cap · market cap 11.17%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
190
Businesses Nearby
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Business Placement
Demographics for 64117, MO
15,155
Population
7,091
Households
2.1
Avg Household Size
35
Median Age
21%
College-Educated
89%
High-School Grad
6.0 sq mi
ZIP Area
2,526
Density / Sq Mi
$59,219
Median Household Income
$41,738
Median Earnings
$1,034
Median Rent
$173,500
Median Home Value
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Market
Properties on Market for Mixed-use properties in Kansas City
Vacancy Rate% for Office in Kansas City, MO
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two service buildings with cell tower lease near I-35.
Where is this mixed-use property located?
The property is located at 4219-4225 NE Antioch Rd Kansas City, MO.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Prime two‑building portfolio in Kansas City’s Northland.; Located near the intersection of NE Antioch Road and Interstate 35.; 6,000‑square‑foot service building included.
