Two-Building Portfolio in Kansas
For Sale
Contact for pricing
4219-4225 NE Antioch Rd, Kansas City, MO 64117
Two service buildings with cell tower lease near I-35.
Property Size9,047 SF
Price / SF$149.22
Days on Market601
Property Features for 4219-4225 NE Antioch Rd
General Information
Standard status
Active
Size
9,047 SF
Property subtype
Industrial, Mixed Use, Office, Retail
Zoning
Commercial – B4-5
Occupancy
33%
Lease Type
Modified Gross
Building Details
Buildings
2
Stories
1
Tenancy
Multi
Listing Agency:
Midwest Capital Realty Advisors, LLC
(816) 769-5507
Listed By:
Richard Lanning · License #MO 00034742
Source:
Crexi
Added: Dec 18, 2024
Changed: Aug 8
Last Checked: Aug 10 at 10:32AM
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
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 = 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
$99,540
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
7.37%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
190
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Office in Kansas City, MO
Questions? Ask Rey
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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.
