Unique Recreational Property with
For Sale
Contact for pricing
6205 S Chiles Road, Blue Springs, MO 64014
29-acre property featuring a warehouse, ponds, and recreational amenities.
Property Size7,000 SF
Lot Size29.00 Acres
Price / SF$534.29
Days on Market639
Property Features for 6205 S Chiles Road
General Information
Standard status
Active
Size
7,000 SF
Lot size
29.00 Acres
Property subtype
Land, Special Purpose, Multifamily
Zoning
AG
Listing Agency:
Realty Executives
Listed By:
Marty Siess
Source:
Crexi
Added: Nov 20, 2024
Changed: Aug 8
Last Checked: Aug 20 at 7:30AM
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 Executives
Investment Insights
Based on property information with market context.
This unique 29-acre property offers a blend of recreational opportunities and functional structures. The property includes a 7,000+ sq. ft. warehouse with commercially installed concrete floors, insulated with spray foam, and equipped with two bathrooms, a shower, and a kitchenette. The warehouse's insulation maintains a temperature range of 42-82 degrees. A covered concrete dock overlooks two fully stocked ponds. Additionally, there is a 1,536 sq. ft. pond building featuring two bathrooms, a shower, and a 48’ x 16’ covered patio. The property also features a butterfly garden and flagstone patio with plants, a flowing creek, and native stone accents. Over a mile of private roads wind through the trees and connect to every building and the pond. The property is designed for activities such as hunting, shooting, fishing, hiking, horseback riding, and ATV exploration. The property originally had 2 homes and the seller added everything else over the last 7 years to elevate the property to extraordinary levels.
Key Highlights
- 29‑acre estate blending luxury, recreation, and nature.
- 7,000+ Sq. Ft. insulated warehouse** with concrete floors, bathrooms, shower, and kitchenette.
- Covered concrete dock overlooking two fully stocked ponds.**
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
$128,873
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
3.45%
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%
$2,577,460
$2.6M
Cap Rate 7%
$1,841,043
$1.8M
Cap Rate 9%
$1,431,922
$1.4M
Market Conditions
NOI Build-Up for 7,000 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
$160.4K $22.92/SF
− Vacancy
−$8.8K −$1.26/SF
EGI
$151.6K $21.66/SF
− OpEx
−$22.7K −$3.25/SF
NOI
$128.9K $18.41/SF
Area
Jackson County, MO
Vacancy
5.50%
Lease Rate
$22.92 /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%
$2,577,460
Cap Rate 7%
$1,841,043
Cap Rate 9%
$1,431,922
Alternative Uses
Best Use
Warehouse
$1.84M
$1.61M – $2.15M
NOI $128,873 @ 7.0% cap · market cap 3.45%
Second Best
Industrial
$1.52M
$1.33M – $1.77M
NOI $106,131 @ 7.0% cap · market cap 2.84%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
102
Businesses Nearby
Explore this area
Business Placement
Demographics for 64014, MO
27,993
Population
11,068
Households
2.5
Avg Household Size
36
Median Age
36%
College-Educated
95%
High-School Grad
11.2 sq mi
ZIP Area
2,499
Density / Sq Mi
$84,187
Median Household Income
$49,462
Median Earnings
$1,301
Median Rent
$233,200
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?
Recreation land - 29-acre property featuring a warehouse, ponds, and recreational amenities.
Where is this recreation land located?
The property is located at 6205 S Chiles Road Blue Springs, MO.
What is the asking price?
The asking price for this property is $3,740,000.
What are key features of this property?
This property features: 29‑acre estate blending luxury, recreation, and nature.; 7,000+ Sq. Ft. insulated warehouse** with concrete floors, bathrooms, shower, and kitchenette.; Covered concrete dock overlooking two fully stocked ponds.**
