Industrial Flex Property with Office
For Sale
$899,000
4702 Eastern Ave, Kansas City, MO 64129
M1-5 zoning supports office, warehouse, storage, and industrial functions.
Property Size8,000 SF
Price / SF$112.38
Days on Market15
Property Features for 4702 Eastern Ave
General Information
Standard status
Active
Size
8,000 SF
Zoning
M1-5
Warehouse & Industrial
Clear Height
16 ft
Office Build-Out
2,350 SF
Drive-In Doors
2
Power
400 amps
Three-Phase Power
Yes
Building Details
Year Built
1980
Listing Agency:
RE/MAX Elite, REALTORS
(816) 651-5591
Listed By:
Genia Birchfield · License #2019014535
Source:
Movingtokc
Added: Aug 16
Changed: Aug 29
Last Checked: Aug 25 at 5:12AM
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 RE/MAX Elite, REALTORS
Investment Insights
Based on property information with market context.
This 8,000 SF flex facility combines approximately 2,350 SF of updated office area with heated warehouse and storage space. The office component includes six private offices, a kitchenette with appliances, cabinet storage, a full bathroom with shower, two half bathrooms, a dressing room, sound room, sound wiring, and a water filtration system. Built-in storage extends throughout the warehouse area.
Two oversized overhead doors accommodate equipment and deliveries, including a 12’ x 18’ front-entry door and a 10’ x 12’ rear/side-entry door. Clear height reaches approximately 16 feet at the tallest point. Electrical service includes 200-amp single-phase and 400-amp three-phase capacity. The property also has a radon mitigation system, M1-5 zoning, and a 1980 construction date. Located at 4702 Eastern Ave in Kansas City, Missouri.
Two oversized overhead doors accommodate equipment and deliveries, including a 12’ x 18’ front-entry door and a 10’ x 12’ rear/side-entry door. Clear height reaches approximately 16 feet at the tallest point. Electrical service includes 200-amp single-phase and 400-amp three-phase capacity. The property also has a radon mitigation system, M1-5 zoning, and a 1980 construction date. Located at 4702 Eastern Ave in Kansas City, Missouri.
Key Highlights
- 8,000 SF industrial flex facility with approximately 2,350 SF of updated office space
- Six private offices, including three with natural light
- Heated warehouse and storage area with extensive built‑in storage
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
$64,003
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
7.12%
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%
$1,280,060
$1.3M
Cap Rate 7%
$914,329
$914.3K
Cap Rate 9%
$711,144
$711.1K
Market Conditions
NOI Build-Up for 8,000 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
$79.7K $9.96/SF
− Vacancy
−$4.4K −$0.55/SF
EGI
$75.3K $9.41/SF
− OpEx
−$11.3K −$1.41/SF
NOI
$64.0K $8.00/SF
Area
Kansas City, MO
Vacancy
5.50%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
15.00%
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%
$1,280,060
Cap Rate 7%
$914,329
Cap Rate 9%
$711,144
Alternative Uses
Best Use
Office B
$1.61M
$1.41M – $1.88M
NOI $113,026 @ 7.0% cap · market cap 12.57%
Second Best
Warehouse
$914.3K
$800.0K – $1.07M
NOI $64,003 @ 7.0% cap · market cap 7.12%
Theoretical Best
Office A
$1.91M
$1.67M – $2.22M
NOI $133,386 @ 7.0% cap · market cap 14.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
16 ft
Clear height
2
Drive-in doors
Location Intelligence
Trade Area within ½ mile
86
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 64129, MO
8,767
Population
4,002
Households
2.2
Avg Household Size
36
Median Age
15%
College-Educated
93%
High-School Grad
10.3 sq mi
ZIP Area
851
Density / Sq Mi
$52,243
Median Household Income
$38,182
Median Earnings
$1,116
Median Rent
$112,000
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?
Flex space - M1-5 zoning supports office, warehouse, storage, and industrial functions.
Where is this flex space located?
The property is located at 4702 Eastern Ave Kansas City, MO.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 8,000 SF industrial flex facility with approximately 2,350 SF of updated office space; Six private offices, including three with natural light; Heated warehouse and storage area with extensive built‑in storage
