Highway Business District
For Sale
Contact for pricing
702 E 1st St, Concordia, MO
16,151 SF warehouse on 4.03 AC for sale.
Property Size16,151 SF
Lot Size4.03 Acres
Price / SF$99.07
Days on Market390
Property Features for 702 E 1st St
General Information
Standard status
Active
Size
16,151 SF
Lot size
4.03 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Colliers | Kansas City
(816) 531-5303
Listed By:
Jack Higgins · License #00241790
(816) 556-1170
Source:
Moodyscre
Added: Aug 14, 2025
Changed: Jul 6
Last Checked: Sep 7 at 12:28PM
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 Colliers | Kansas City
Investment Insights
Based on property information with market context.
This 16,151 square foot building includes 4,500 square feet of office space and is situated on a 4.03-acre lot. Constructed in 1978 and renovated in 2011, the property is zoned B-2: Highway Business District. It features clear heights ranging from 14 to 30 feet and is equipped with 7 drive-in doors. Additionally, there are two outbuildings on the property, totaling 2,500 square feet, each with drive-in doors. The location benefits from high traffic volume, with approximately 56,000 vehicles passing by daily along I-70.
Key Highlights
- High traffic location: Approximately 56,000 vehicles per day.
- Significant building size: 16,151± SF building with 4,500± SF of office space.
- Large land area: 4.03 AC property.
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
$76,283
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
4.77%
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%
$1,525,660
$1.5M
Cap Rate 7%
$1,089,757
$1.1M
Cap Rate 9%
$847,589
$847.6K
Market Conditions
NOI Build-Up for 16,151 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
$95.0K $5.88/SF
− Vacancy
−$5.2K −$0.32/SF
EGI
$89.7K $5.56/SF
− OpEx
−$13.5K −$0.83/SF
NOI
$76.3K $4.72/SF
Area
Lafayette County, MO
Vacancy
5.50%
Lease Rate
$5.88 /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%
$1,525,660
Cap Rate 7%
$1,089,757
Cap Rate 9%
$847,589
Alternative Uses
Best Use
Warehouse
$1.09M
$953.5K – $1.27M
NOI $76,283 @ 7.0% cap · market cap 4.77%
Second Best
Industrial
$897.4K
$785.3K – $1.05M
NOI $62,821 @ 7.0% cap · market cap 3.93%
Theoretical Best
Retail
$3.57M
$3.12M – $4.16M
NOI $249,804 @ 7.0% cap · market cap 15.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
186
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Mid Missouri Agri Services — Central Park, 618 S Gordon St, Concordia, MO 64020
Frequently Asked Questions
What type of property is this?
Warehouse - 16,151 SF warehouse on 4.03 AC for sale.
Where is this warehouse located?
The property is located at 702 E 1st St Concordia, MO.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: High traffic location: Approximately 56,000 vehicles per day.; Significant building size: **16,151± SF building** with 4,500± SF of office space.; Large land area: 4.03 AC property.
