Air-Conditioned Flex R&D
For Sale
Contact for pricing
801 NW Commerce Dr, Lees Summit, MO 64086
Flex/R&D building with heavy power, full air conditioning, and sprinklers on approximately 1.25 acres.
Property Size17,993 SF
Lot Size1.25 Acres
Price / SF$100.04
Days on Market86
Property Features for 801 NW Commerce Dr
General Information
Standard status
Active
Size
17,993 SF
Lot size
1.25 Acres
Property subtype
Industrial
Zoning
CP2
Warehouse & Industrial
Heavy Power
Yes
Sprinkler System
Yes
Building Details
Year Built
1991
Year Renovated
2007
Listing Agency:
NAI Heartland
Listed By:
Evan Calkins · License #Kansas
(913) 362-1000
Source:
Crexi
Added: Jun 15
Changed: Sep 8
Last Checked: Sep 8 at 8:56AM
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 NAI Heartland
Investment Insights
Based on property information with market context.
This flex-style industrial facility offers approximately 17,993 SF built in 1991 and renovated in 2007. The space is described as high-tech/R&D with fully air-conditioned interior areas, plus heavy power to support more demanding electrical needs. The building is also sprinklered.
The property includes approximately 1.25 acres and is identified with CP2 zoning in the provided information.
If you’re evaluating a site for R&D and related industrial uses, this facility’s combination of full air conditioning, heavy power, and sprinkler protection is a practical starting point for fit and planning.
The property includes approximately 1.25 acres and is identified with CP2 zoning in the provided information.
If you’re evaluating a site for R&D and related industrial uses, this facility’s combination of full air conditioning, heavy power, and sprinkler protection is a practical starting point for fit and planning.
Key Highlights
- ±17,993 SF flex/R&D building
- Built in 1991; renovated in 2007
- High tech/R&D space with heavy power
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
$157,943
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
8.77%
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%
$3,158,860
$3.2M
Cap Rate 7%
$2,256,329
$2.3M
Cap Rate 9%
$1,754,922
$1.8M
Market Conditions
NOI Build-Up for 17,993 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
$237.5K $13.20/SF
− Vacancy
−$11.9K −$0.66/SF
EGI
$225.6K $12.54/SF
− OpEx
−$67.7K −$3.76/SF
NOI
$157.9K $8.78/SF
Area
Lees Summit, MO
Vacancy
5.00%
Lease Rate
$13.20 /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%
$3,158,860
Cap Rate 7%
$2,256,329
Cap Rate 9%
$1,754,922
Alternative Uses
Best Use
Industrial
$2.26M
$1.97M – $2.63M
NOI $157,943 @ 7.0% cap · market cap 8.77%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.57M
$4.00M – $5.33M
NOI $319,664 @ 7.0% cap · market cap 17.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Heavy power
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
668
Businesses Nearby
Explore this area
Business Placement
Demographics for 64086, MO
23,957
Population
9,992
Households
2.4
Avg Household Size
38
Median Age
49%
College-Educated
96%
High-School Grad
37.8 sq mi
ZIP Area
634
Density / Sq Mi
$107,098
Median Household Income
$56,470
Median Earnings
$1,417
Median Rent
$288,400
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Manufacturing property - Flex/R&D building with heavy power, full air conditioning, and sprinklers on approximately 1.25 acres.
Where is this manufacturing property located?
The property is located at 801 NW Commerce Dr Lees Summit, MO.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: ±17,993 SF flex/R&D building; Built in 1991; renovated in 2007; High tech/R&D space with heavy power
