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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    8600 Underground Dr Kansas City, MO 64161

    • Commercial real estate
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US48-1483866
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • TBX KCMO INC / Freight Service / Logistics Company
    • Mid-America Merchandising / Marketing & Advertising
    • SC Vending Services LLC / Big Box & Wholesale Store
    • DuraStar-Everest Casters and Wheels / Industrial Manufacturer / Production Facility
    • Full Line Vending / Big Box & Wholesale Store

    Property Details for 8600 Underground Dr

    Property type
    Commercial real estate

    Description

    This exceptional 54,000-square-foot industrial space is located within the Hunt Midwest SubTropolis, the world's largest underground business complex. Situated at 8600 NE Underground Drive, Pillar #413, in Kansas City, Missouri's Clay County (zip code 64161), this single-tenant property offers a unique and secure environment. Originally part of the Bethany Falls limestone mine, SubTropolis has been expertly repurposed into a state-of-the-art commercial underground storage facility. The property's underground location provides exceptional climate control, minimizing energy costs and offering consistent temperatures year-round. This significant advantage translates to substantial operational savings for businesses seeking a stable and efficient workspace. The property's single-tenant occupancy ensures ease of management and streamlined operations. Its strategic location within the Kansas City metropolitan area provides convenient access to major transportation routes and a skilled workforce. This remarkable property presents a rare opportunity to secure a large, secure, and energy-efficient industrial space in a highly sought-after location. The property's unique characteristics make it ideal for businesses requiring climate-controlled storage, manufacturing, or other specialized operations. Interested parties are encouraged to inquire for further details and to schedule a viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Kansas City
    County
    Clay
    State
    Missouri
    Longitude
    -94.4884375
    Latitude
    39.1565082

    Comparable in this City

    • $6 SF/Yr
      11,234 SF

      Kansas City Warehouse Space Available

      11,234 SF warehouse space for lease in Kansas City.
      3621-3631 N Kimball Dr, Kansas City, MO 64161
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    • $1.60 SF/Yr

      Land for Lease in Kansas

      Land available for lease in Kansas City, Missouri.
      Atlantic St, Kansas City, MO 64161
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    • $20 SF/Yr
      6,000 SF

      Office Space in Kansas City

      6,000 SF office space available for rent.
      105 E 6Th St, Kansas City, MO 64161
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    • $13 SF/Yr
      6,547 SF

      Office Space in Kansas City

      6,547 square feet of office space available for rent.
      1608 Locust St, Kansas City, MO 64161
      View Details

    Similar Nearby for Sale

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      Randolph, MO Warehouse Investment

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      11,622 SF

      Available Warehouse with Office Space

      Warehouse with office space for sale in Kansas City.
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      27,180 SF

      Flex Space in Industrial Park

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      Land For Sale Kansas City

      Land available for sale in Kansas City, Missouri.
      N Kimball Dr, Kansas City, MO 64161
      View Details

    Similar Nearby for Lease

    • $6 SF/Yr
      11,234 SF

      Kansas City Warehouse Space Available

      11,234 SF warehouse space for lease in Kansas City.
      3621-3631 N Kimball Dr, Kansas City, MO 64161
      View Details
    • $1.60 SF/Yr

      Land for Lease in Kansas

      Land available for lease in Kansas City, Missouri.
      Atlantic St, Kansas City, MO 64161
      View Details
    • $20 SF/Yr
      6,000 SF

      Office Space in Kansas City

      6,000 SF office space available for rent.
      105 E 6Th St, Kansas City, MO 64161
      View Details
    • $13 SF/Yr
      6,547 SF

      Office Space in Kansas City

      6,547 square feet of office space available for rent.
      1608 Locust St, Kansas City, MO 64161
      View Details
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    8600 Underground Dr
    Kansas City, MO 64161
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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