Flex Space with Drive-In
For Sale
Contact for pricing
704 Blue Ridge Boulevard, Grandview, MO 64030
Office and maintenance configuration combines private offices, bullpen space, and functional shop access.
Property Size3,000 SF
Lot Size0.68 Acres
Price / SF$175
Days on Market8
Property Features for 704 Blue Ridge Boulevard
General Information
Standard status
Active
Size
3,000 SF
Lot size
0.68 Acres
Property subtype
Office, Industrial
Warehouse & Industrial
Office Build-Out
1,500 SF
Drive-In Doors
6
Additional Details
Road Access
Yes
Service Bays
3
Amenities
private offices
bullpen area
drive-in doors
drive-through bays
floor drains
Building Details
Buildings
1
Building Size
3,000 SF
Listing Agency:
Fischer Weiler Industrial LLC
Listed By:
Henry Weiler · License #2017024308
Source:
Crexi
Added: Sep 15
Changed: Sep 18
Last Checked: Sep 21 at 4:15AM
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 Fischer Weiler Industrial LLC
Investment Insights
Based on property information with market context.
This flex-space property combines an office component with an adjoining maintenance shop on a 0.68-acre parcel. The building totals approximately 3,000 square feet, including approximately 1,500 square feet of office area with two private offices and a bullpen, plus approximately 1,500 square feet of shop space.
The shop is arranged for vehicle-oriented operations, with six 10-foot drive-in doors, three drive-through bays, and floor drains. Located at 704 Blue Ridge Boulevard in Grandview, Missouri, the property offers a combined office and service-building format suited to users requiring both administrative space and enclosed work areas.
The shop is arranged for vehicle-oriented operations, with six 10-foot drive-in doors, three drive-through bays, and floor drains. Located at 704 Blue Ridge Boulevard in Grandview, Missouri, the property offers a combined office and service-building format suited to users requiring both administrative space and enclosed work areas.
Key Highlights
- Approximately 3,000 square foot flex‑space building
- Approximately 1,500 square feet of office space with two private offices and a bullpen
- Approximately 1,500 square feet of shop space
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
$45,485
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
8.66%
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%
$909,700
$909.7K
Cap Rate 7%
$649,786
$649.8K
Cap Rate 9%
$505,389
$505.4K
Market Conditions
NOI Build-Up for 3,000 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
$68.8K $22.92/SF
− Vacancy
−$3.8K −$1.26/SF
EGI
$65.0K $21.66/SF
− OpEx
−$19.5K −$6.50/SF
NOI
$45.5K $15.16/SF
Area
Jackson County, MO
Vacancy
5.50%
Lease Rate
$22.92 /SF/Yr
Expense Ratio
30.00%
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%
$909,700
Cap Rate 7%
$649,786
Cap Rate 9%
$505,389
Alternative Uses
Best Use
Industrial
$649.8K
$568.6K – $758.1K
NOI $45,485 @ 7.0% cap · market cap 8.66%
Second Best
Retail
$414.7K
$362.9K – $483.8K
NOI $29,030 @ 7.0% cap · market cap 5.53%
Theoretical Best
Warehouse
$789.0K
$690.4K – $920.5K
NOI $55,231 @ 7.0% cap · market cap 10.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
6
Drive-in doors
3
Service bays
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
375
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 64030, MO
26,154
Population
11,869
Households
2.2
Avg Household Size
35
Median Age
24%
College-Educated
89%
High-School Grad
14.5 sq mi
ZIP Area
1,804
Density / Sq Mi
$53,207
Median Household Income
$37,600
Median Earnings
$1,003
Median Rent
$171,700
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Joe Accurso Catering — 718 Main St, Grandview, MO 64030
Frequently Asked Questions
What type of property is this?
Flex space - Office and maintenance configuration combines private offices, bullpen space, and functional shop access.
Where is this flex space located?
The property is located at 704 Blue Ridge Boulevard Grandview, MO.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Approximately 3,000 square foot flex‑space building; Approximately 1,500 square feet of office space with two private offices and a bullpen; Approximately 1,500 square feet of shop space
