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 Market435
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: Oct 20 at 8:46PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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 / Yr
$76,283
Cap Rate
4.77%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
186
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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.
