Auto Shop with 4 Service
For Sale
Contact for pricing
5500 Leavenworth Road, Kansas City, KS 66104
A masonry, single-story facility occupies a corner site with on-site parking.
Property Size3,450 SF
Lot Size0.35 Acres
Price / SF$188.41
Days on Market9
Property Features for 5500 Leavenworth Road
General Information
Standard status
Active
Size
3,450 SF
Total Parking Spaces
26
Lot size
0.35 Acres
Property subtype
Retail
Site & Location
Traffic Count
19,000 vehicles/day
Road Access
Yes
Additional Details
Business Included
Yes
Service Bays
4
Building Details
Year Built
1956
Year Renovated
2011
Buildings
1
Stories
1
Construction
masonry
Listing Agency:
LS Commercial Real Estate Services Inc
Listed By:
John Smith · License #MO 1999131308
Source:
Crexi
Added: Sep 18
Changed: Sep 25
Last Checked: Sep 24 at 2:26PM
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 LS Commercial Real Estate Services Inc
Investment Insights
Based on property information with market context.
This single-story masonry auto shop contains 3,450 square feet and four drive-in service bays. Built in 1956 and renovated in 2011, it sits on a 0.35-acre parcel with 26 parking spaces. The property is not leased to a third-party tenant. The owner is also willing to sell the operating auto service business, either with the real estate or separately.
The site fronts Leavenworth Road in Kansas City, Kansas, with 104 feet of road frontage. It is located at a corner carrying more than 19,000 combined vehicles per day.
The site fronts Leavenworth Road in Kansas City, Kansas, with 104 feet of road frontage. It is located at a corner carrying more than 19,000 combined vehicles per day.
Key Highlights
- Four drive‑in service bays in a single‑story masonry building
- 3,450‑square‑foot building, built in 1956 and renovated in 2011
- 0.35‑acre corner site with 104 feet of frontage on Leavenworth Road
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
$33,350
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
5.13%
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%
$667,000
$667.0K
Cap Rate 7%
$476,429
$476.4K
Cap Rate 9%
$370,556
$370.6K
Market Conditions
NOI Build-Up for 3,450 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
$49.7K $14.40/SF
− Vacancy
−$2.0K −$0.59/SF
EGI
$47.6K $13.81/SF
− OpEx
−$14.3K −$4.14/SF
NOI
$33.4K $9.67/SF
Area
Kansas City, KS
Vacancy
4.10%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
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%
$667,000
Cap Rate 7%
$476,429
Cap Rate 9%
$370,556
Alternative Uses
Best Use
Retail
$476.4K
$416.9K – $555.8K
NOI $33,350 @ 7.0% cap · market cap 5.13%
Second Best
Industrial
$293.4K
$256.8K – $342.3K
NOI $20,540 @ 7.0% cap · market cap 3.16%
Theoretical Best
Office A
$571.6K
$500.1K – $666.8K
NOI $40,010 @ 7.0% cap · market cap 6.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
4
Service bays
19,000 VPD
Traffic count
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
115
Businesses Nearby
19k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 65%
Shops & Services 35%
SONIC Drive In
Dining
7,720 visits/mo
0.2 miles
Church's Chicken
Dining
4,346 visits/mo
0.1 miles
Phillips 66
Shops & Services
4,136 visits/mo
0.1 miles
BP
Shops & Services
2,313 visits/mo
0.2 miles
Demographics for 66104, KS
27,509
Population
11,088
Households
2.5
Avg Household Size
34
Median Age
12%
College-Educated
79%
High-School Grad
16.2 sq mi
ZIP Area
1,698
Density / Sq Mi
$56,745
Median Household Income
$32,325
Median Earnings
$996
Median Rent
$117,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- Transmission Solutions — 5922 Leavenworth Rd, Kansas City, KS 66104
- C & L Automotives — 5415 Leavenworth Rd, Kansas City, KS 66104
- AUTO TECH TRANSMISSIONS — 5500 Leavenworth Rd, Kansas City, KS 66104
- Handy Options Inc. — 5415 Leavenworth Rd, Kansas City, KS 66104
- Keith's Transmission Services — 5000 Leavenworth Rd, Kansas City, KS 66104
Frequently Asked Questions
What type of property is this?
Auto shop - A masonry, single-story facility occupies a corner site with on-site parking.
Where is this auto shop located?
The property is located at 5500 Leavenworth Road Kansas City, KS.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Four drive‑in service bays in a single‑story masonry building; 3,450‑square‑foot building, built in 1956 and renovated in 2011; 0.35‑acre corner site with 104 feet of frontage on Leavenworth Road
