Updated Flex Space with
For Sale
$365,000
5629 Raytown Road, Kansas City, MO 64133
COMMERCIAL - Kansas City, MO
Property Size4,950 SF
Lot Size0.24 Acres
Price / SF$73.74
Days on Market51
Property Features for 5629 Raytown Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
NC
Parking
10
Parking features
Parking Lot
Interior features
Private Restroom
Exterior features
Delivery Door(s), Display Window
Directions
From KC, Take I-70 east until you reach the Blue Ridge Cutoff exit, take right at light and follow until Raytown Rd. Take a left at Raytown Road and continue until you see the property and signs on the left hand side (east).
Subdivision
205 - Raytown Area
Standard status
Active
APN
32-840-03-20-00-0-00-000
Lot size
0.24 Acres
Taxes and HOA fees
Tax Description
SEC-32 TWP-49 RNG-32 PT OF NE 1/4 OF SE 1/4 DAF: BEG AT INTE RSEC OF W LI OF CHICAGO, ROCK ISLAND & PACIFIC RR & S LI OF SD 1/4 1/4 TH N 94.4' TO TRU POB TH N 106.09' TH S 83 DEG W
Tax Annual Amount
9685
Legal Description
SEC-32 TWP-49 RNG-32 PT OF NE 1/4 OF SE 1/4 DAF: BEG AT INTE RSEC OF W LI OF CHICAGO, ROCK ISLAND & PACIFIC RR & S LI OF SD 1/4 1/4 TH N 94.4' TO TRU POB TH N 106.09' TH S 83 DEG W
Utilities
Utilities
Water Available
Building Details
Year built
1970
Floors in Building
1
Listing Agency:
Cates Auction & Realty Co Inc
(816) 781-1134
Listed By:
Jeff Cates · License #2005030145
(816) 868-4321
Added: Jun 22
Changed: Aug 4
Last Checked: Aug 11 at 11:06PM
MLS# 2627468
Copyright © 2026 Heartland Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 4,950+/- SF finished flex building occupies a 10,603+/- SF lot and was built in 1970, with updates completed in 2025/2026. Improvements include a 2025 roof, four rooftop cooling units, a new 400-amp electrical panel, 3-phase power service, LED lighting, security lighting, large windows, polished concrete floors, and an open floorplan. The building also includes a private restroom, built-in gantry crane, 12' clear ceilings, a 12'W x 9'H drive-in door, and an 8'W x 9'H dock-high door.
The property fronts Raytown Road, where traffic is reported at 2,500+ vehicles per day. Eight surface parking spaces are provided, with access to I-70, I-435, Hwy 350, and Truman Sports Complex. NC zoning, identified as Neighborhood Commercial, applies to the site.
The property fronts Raytown Road, where traffic is reported at 2,500+ vehicles per day. Eight surface parking spaces are provided, with access to I-70, I-435, Hwy 350, and Truman Sports Complex. NC zoning, identified as Neighborhood Commercial, applies to the site.
Key Highlights
- 4,950+/- SF finished flex building on a 10,603+/- SF lot
- 12' clear height with a 12'W x 9'H drive‑in door and 8'W x 9'H dock‑high door
- New 400‑amp electrical panel with 3‑phase power service
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
$28,726
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
7.87%
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%
$574,520
$574.5K
Cap Rate 7%
$410,371
$410.4K
Cap Rate 9%
$319,178
$319.2K
Market Conditions
NOI Build-Up for 4,950 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
$47.5K $9.60/SF
− Vacancy
−$3.3K −$0.67/SF
EGI
$44.2K $8.93/SF
− OpEx
−$15.5K −$3.12/SF
NOI
$28.7K $5.80/SF
Area
ZIP 64133
Vacancy
7.00%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
35.00%
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%
$574,520
Cap Rate 7%
$410,371
Cap Rate 9%
$319,178
Alternative Uses
Best Use
Flex RnD
$410.4K
$359.1K – $478.8K
NOI $28,726 @ 7.0% cap · market cap 7.87%
Second Best
Warehouse
$354.4K
$310.1K – $413.5K
NOI $24,811 @ 7.0% cap · market cap 6.80%
Theoretical Best
Office A
$1.17M
$1.03M – $1.37M
NOI $82,087 @ 7.0% cap · market cap 22.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
12 ft
Clear height
1
Dock-high doors
1
Drive-in doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
123
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 64133, MO
35,259
Population
16,435
Households
2.1
Avg Household Size
41
Median Age
23%
College-Educated
93%
High-School Grad
17.0 sq mi
ZIP Area
2,074
Density / Sq Mi
$66,816
Median Household Income
$40,874
Median Earnings
$1,185
Median Rent
$165,700
Median Home Value
Market
Vacancy Rate% for Industrial in Kansas City, MO
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Finished commercial building offers open-plan interiors, upgraded systems, and direct delivery access.
Where is this flex space located?
The property is located at 5629 Raytown Road Kansas City, MO.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: 4,950+/- SF finished flex building on a 10,603+/- SF lot; 12' clear height with a 12'W x 9'H drive‑in door and 8'W x 9'H dock‑high door; New 400‑amp electrical panel with 3‑phase power service
