Updated Flex Space
For Sale
Contact for pricing
5629 Raytown Road, Raytown, MO 64133
Open commercial layout with loading access, 3-phase power, and surface parking supports varied business operations.
Property Size4,950 SF
Lot Size0.24 Acres
Price / SF$76.57
Days on Market70
Property Features for 5629 Raytown Road
General Information
Standard status
Active
Size
4,950 SF
Total Parking Spaces
8
Lot size
0.24 Acres
Property subtype
Industrial
Zoning
Neighborhood Commercial Zoning
Investment Type
Owner/User
Warehouse & Industrial
Clear Height
12 ft
Dock-High Doors
1
Drive-In Doors
1
Power
400 amps
Three-Phase Power
Yes
Additional Details
Road Access
Yes
Building Details
Year Built
1970
Year Renovated
2025
Buildings
1
Building Size
4,950 SF
Construction
cinderblock and brick
Listing Agency:
Cates Auction & Realty Co Inc
(816) 781-1134
Listed By:
Jeffrey Cates · License #CA 02046445
Source:
Crexi
Added: Jun 22
Changed: Aug 30
Last Checked: Aug 30 at 5:37PM
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 Cates Auction & Realty Co Inc
Investment Insights
Based on property information with market context.
This flex space property provides 4,950 square feet within a 10,603-square-foot site at 5629 Raytown Road in Raytown, Missouri. Originally constructed in 1970 and renovated during 2025/2026, the building combines an open interior arrangement with 12-foot clear heights, polished concrete flooring, and cinderblock and brick construction. Improvements include a new roof, two rooftop cooling units, a 400-amp electrical panel, 3-phase power, LED lighting, security lighting, and larger windows.
Operational features include a 12-foot-wide by 9-foot-high drive-in roll-up door, an 8-foot-wide by 9-foot-high dock-high door, and a built-in gantry crane. The site provides eight surface parking spaces and Neighborhood Commercial zoning. Raytown Road exposure carries traffic counts of 2,500+ vehicles per day, while the property is near I-70, I-435, Highway 350, and the Truman Sports Complex.
Operational features include a 12-foot-wide by 9-foot-high drive-in roll-up door, an 8-foot-wide by 9-foot-high dock-high door, and a built-in gantry crane. The site provides eight surface parking spaces and Neighborhood Commercial zoning. Raytown Road exposure carries traffic counts of 2,500+ vehicles per day, while the property is near I-70, I-435, Highway 350, and the Truman Sports Complex.
Key Highlights
- 4,950± SF building on a 10,603± SF lot
- 12' clear height with polished concrete floors
- New 12'W x 9'H drive‑in roll‑up door
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
7.58%
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 7.58%
Second Best
Warehouse
$354.4K
$310.1K – $413.5K
NOI $24,811 @ 7.0% cap · market cap 6.55%
Theoretical Best
Office A
$1.17M
$1.03M – $1.37M
NOI $82,087 @ 7.0% cap · market cap 21.66%
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
Paved road access
Location Intelligence
Trade Area within ½ mile
257
Businesses Nearby
Under-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 Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Open commercial layout with loading access, 3-phase power, and surface parking supports varied business operations.
Where is this flex space located?
The property is located at 5629 Raytown Road Raytown, MO.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: 4,950± SF building on a 10,603± SF lot; 12' clear height with polished concrete floors; New 12'W x 9'H drive‑in roll‑up door
