Spacious Industrial Building For
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200 N 6th St, Kansas City, KS 66101
25,000+ SF industrial building with drive-in and dock doors.
Property Size25,478 SF
Lot Size1.00 Acre
Price / SF$88.31
Days on Market923
Property Features for 200 N 6th St
General Information
Standard status
Active
Size
25,478 SF
Lot size
1.00 Acre
Property subtype
Industrial
Listing Agency:
BHGRE Commercial
Listed By:
Thom Knowles, Director of Commercial Real Estate Services
Source:
Crexi
Added: Feb 22, 2024
Changed: Jul 6
Last Checked: Aug 31 at 6:22AM
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 BHGRE Commercial
Investment Insights
Based on property information with market context.
Located off 6th Street, this expansive three-story brick building offers over 25,000 square feet of space. Situated on over an acre of land, the property includes an elevator servicing all three floors, a drive-in door, and a dock door. It features two parking lots: a lower lot suitable for outside storage and an upper lot for employees and guests. The building is equipped with heavy power, including 400 amp 240 volt 3 phase and 200 amp 240 amp 3 phase and single phase. The property provides easy access to I-70 via Central Avenue and presents opportunities for various commercial ventures. Floor plans are available.
Key Highlights
- Over 25,000 sq ft 3‑story brick building on over an acre of land.
- Elevator servicing all 3 floors.
- Drive‑in door and dock door for easy loading/unloading.
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
$151,683
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
6.74%
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%
$3,033,660
$3.0M
Cap Rate 7%
$2,166,900
$2.2M
Cap Rate 9%
$1,685,367
$1.7M
Market Conditions
NOI Build-Up for 25,478 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
$229.3K $9.00/SF
− Vacancy
−$12.6K −$0.50/SF
EGI
$216.7K $8.50/SF
− OpEx
−$65.0K −$2.55/SF
NOI
$151.7K $5.95/SF
Area
Kansas City, KS
Vacancy
5.50%
Lease Rate
$9.00 /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%
$3,033,660
Cap Rate 7%
$2,166,900
Cap Rate 9%
$1,685,367
Alternative Uses
Best Use
Industrial
$2.17M
$1.90M – $2.53M
NOI $151,683 @ 7.0% cap · market cap 6.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.22M
$3.69M – $4.92M
NOI $295,468 @ 7.0% cap · market cap 13.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
471
Businesses Nearby
Explore this area
Business Placement
Demographics for 66101, KS
13,785
Population
5,995
Households
2.3
Avg Household Size
33
Median Age
15%
College-Educated
68%
High-School Grad
3.2 sq mi
ZIP Area
4,308
Density / Sq Mi
$38,819
Median Household Income
$31,654
Median Earnings
$789
Median Rent
$77,300
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?
Industrial property - 25,000+ SF industrial building with drive-in and dock doors.
Where is this industrial property located?
The property is located at 200 N 6th St Kansas City, KS.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Over 25,000 sq ft 3‑story brick building on over an acre of land.; Elevator servicing all 3 floors.; Drive‑in door and dock door for easy loading/unloading.
