Four-Unit Flex Building with Warehouse
5016 E 24th St, Kansas City, MO 64127
For Sale
Contact for pricing
Vacant commercial space offers garage and warehouse areas, with flexibility to establish occupancy from the outset.
Property Size4,500 SF
Price / SF$133.33
Days on Market20
Property Features for 5016 E 24th St
General Information
Standard status
Size
Property subtype
Property Condition
Severity
Evidence
Site & Location
Neighborhood
Additional Details
Drive-In Doors
Property Use
Building Details
Buildings
Building Size
Tenancy
Listing Agency:
Realty ONE Group Encompass
Listed By:
Steve Fennell jr. · License MO #7698227
Source:
Crexi
Added: Oct 21
Changed: Nov 8
Last Checked: Nov 8 at 6:20PM
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 Realty ONE Group Encompass
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Investment Insights
Based on property information with market context.
This 4,500-square-foot flex building contains four commercial units, including garage and warehouse space. Two drive-in, grade-level doors serve the building. The property is vacant and needs minimal renovation; the owner is willing to complete renovation work for a purchaser.
Located in the South Blue Valley area of Kansas City, Missouri, the commercially zoned property is at 5016 E 24th St.
Located in the South Blue Valley area of Kansas City, Missouri, the commercially zoned property is at 5016 E 24th St.
Key Highlights
- 4,500 SF building configured as four commercial units
- Two drive‑in, grade‑level doors
- Garage and warehouse space within the flex building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,002
Cap Rate
6.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$720,040
$720.0K
Cap Rate 7%
$514,314
$514.3K
Cap Rate 9%
$400,022
$400.0K
Market Conditions
NOI Build-Up for 4,500 SF
Gross rent
$44.8K $9.96/SF
− Vacancy
−$2.5K −$0.55/SF
EGI
$42.4K $9.41/SF
− OpEx
−$6.4K −$1.41/SF
NOI
$36.0K $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 Rate 5%
$720,040
Cap Rate 7%
$514,314
Cap Rate 9%
$400,022
Alternative Uses
Best Use
Warehouse
$514.3K
$450.0K – $600.0K
NOI $36,002 @ 7.0% cap · market cap 6.00%
Second Best
Flex RnD
$503.6K
$440.7K – $587.6K
NOI $35,254 @ 7.0% cap · market cap 5.88%
Theoretical Best
Office A
$1.07M
$937.9K – $1.25M
NOI $75,030 @ 7.0% cap · market cap 12.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
2
Drive-in doors
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
246
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 64127, MO
17,191
Population
8,884
Households
1.9
Avg Household Size
34
Median Age
7%
College-Educated
72%
High-School Grad
4.2 sq mi
ZIP Area
4,093
Density / Sq Mi
$32,179
Median Household Income
$29,382
Median Earnings
$886
Median Rent
$59,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Flex space in Kansas City
Vacancy Rate% for Industrial in Kansas City, MO
Frequently Asked Questions
What type of property is this?
Flex space - Vacant commercial space offers garage and warehouse areas, with flexibility to establish occupancy from the outset.
Where is this flex space located?
The property is located at 5016 E 24th St Kansas City, MO.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 4,500 SF building configured as four commercial units; Two drive‑in, grade‑level doors; Garage and warehouse space within the flex building
