Commercial Building Near 58
For Sale
Contact for pricing
401 W Foxwood Drive, Raymore, MO 64083
All-brick building with ample space and high visibility.
Property Size4,000 SF
Lot Size0.94 Acres
Price / SF$187.50
Days on Market674
Property Features for 401 W Foxwood Drive
General Information
Standard status
Active
Size
4,000 SF
Total Parking Spaces
24
Lot size
0.94 Acres
Property subtype
Office
Zoning
COM
Building Details
Year Built
1995
Stories
1
Listing Agency:
Integrity Group Real Estate
(816) 745-0055
Listed By:
Pam Hatcher · License #2005016544
Source:
Crexi
Added: Oct 17, 2024
Changed: Aug 15
Last Checked: Aug 20 at 7:24PM
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 Integrity Group Real Estate
Investment Insights
Based on property information with market context.
Located at the intersection of 58 Hwy and Madison, this all-brick building offers excellent visibility and accessibility. The property is situated on a lot of approximately 0.938 acres. The building features 4,000 square feet of space with an additional 1,904 square foot basement. The interior layout includes 7 private offices, a library, a conference room, storage closets, a kitchen, 2 full bathrooms, and 3 half bathrooms. There are 24 dedicated asphalt parking spots. The property is positioned in a high-traffic location and is surrounded by numerous subdivisions and businesses. It is suitable for professional offices, medical practices, or retail businesses.
Key Highlights
- High‑traffic location at the intersection of 58 Hwy and Madison provides excellent visibility and accessibility.
- Spacious 0.938‑acre lot with a 4,000 sq ft building and a 1,904 sq ft basement offers ample space.
- Includes 7 private offices, a library, a conference room, kitchen, and multiple bathrooms (2 full, 3 half).
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
$44,388
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
5.92%
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%
$887,760
$887.8K
Cap Rate 7%
$634,114
$634.1K
Cap Rate 9%
$493,200
$493.2K
Market Conditions
NOI Build-Up for 4,000 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
$72.0K $18.00/SF
− Vacancy
−$12.8K −$3.20/SF
EGI
$59.2K $14.80/SF
− OpEx
−$14.8K −$3.70/SF
NOI
$44.4K $11.10/SF
Area
Cass County, MO
Vacancy
17.80%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
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%
$887,760
Cap Rate 7%
$634,114
Cap Rate 9%
$493,200
Alternative Uses
Best Use
Office B
$634.1K
$554.9K – $739.8K
NOI $44,388 @ 7.0% cap · market cap 5.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$901.9K
$789.1K – $1.05M
NOI $63,130 @ 7.0% cap · market cap 8.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
277
Businesses Nearby
Explore this area
Business Placement
Demographics for 64083, MO
24,945
Population
10,058
Households
2.5
Avg Household Size
40
Median Age
37%
College-Educated
95%
High-School Grad
25.7 sq mi
ZIP Area
971
Density / Sq Mi
$99,575
Median Household Income
$53,042
Median Earnings
$1,262
Median Rent
$316,100
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - All-brick building with ample space and high visibility.
Where is this office building located?
The property is located at 401 W Foxwood Drive Raymore, MO.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: High‑traffic location at the intersection of 58 Hwy and Madison provides excellent visibility and accessibility.; Spacious 0.938‑acre lot with a **4,000 sq ft building** and a 1,904 sq ft basement offers ample space.; Includes 7 private offices, a library, a conference room, kitchen, and multiple bathrooms (2 full, 3 half).
