Current Use by Public Records
- Warehouses
Property Details for 18410 Us-169 Hwy
- Year built
- 2002
- Lot size
- 3.76 lot acres
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
This exceptional Class A industrial property, located at 18410 US-169 Highway in Smithville, Missouri (zip code 64089), presents a compelling sale-leaseback opportunity. The property consists of two, single-story buildings totaling 11,000 square feet on a 3.76-acre lot, zoned I-1. Built in 2002 and renovated in 2013, the property boasts a 21'6" ceiling height, five 15'6" high drive-in doors, and ample parking. Currently 100% occupied with a leaseback agreement in place until August 21, 2024, this investment offers a strong, immediate return. The Net Operating Income (NOI) is $122,722, resulting in a 7.00% capitalization rate. The asking price is $1,750,000. Its prime location on US-169 Highway provides excellent visibility and accessibility, making it ideal for various commercial activities, including manufacturing, warehousing, distribution, and logistics. The existing tenant, a reputable company, is committed to a long-term leaseback, ensuring a stable income stream for the new owner. This property offers a rare combination of high yield, strong tenant occupancy, and a desirable location in a thriving market. The property's modern design and robust infrastructure make it a highly attractive investment for both seasoned and new commercial real estate investors.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Smithville
- County
- Clay
- State
- Missouri
- Longitude
- -94.5859
- Latitude
- 39.427
