Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    11303 E Truman Rd Independence, MO 64050

    View on Map
    Sponsored
    For Sale
    $275,000

    COMMERCIAL - Independence, MO

    Lot size:
    0.10 Acres
    Days on Market:
    57
    Last Refresh:
    Mar 13 at 7:06 am

    Property Features for 11303 E Truman Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    C-2
    APN
    27-140-02-04-00-0-00-000
    Parking
    15
    Parking features
    Parking Lot, Garage
    Lot size
    0.10 Acres

    Utilities

    Utilities
    Water Available

    Building Details

    Year built
    1928
    Floors in Building
    1

    We can help!

    Listing Contact
    Claudia Mercado

    Keller Williams Realty Partners, Inc (913) 906-5400

    Listing agent Claudia Mercado (913) 906-5400

    Listing date Jan 15, 2026

    MLS# 2596198

    Copyright © 2026 Heartland Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Remodeled Commercial Property on Truman

    This commercial property is located in Independence, Missouri, next door to a popular gas and convenience store, offering high-traffic visibility. The interior has been completely remodeled with ceramic tile flooring throughout, fresh paint inside and out, a new roof, and a new HVAC system. Key features include two restrooms and a large open retail area with a private office/storage space. The layout is flexible and ready to accommodate various business needs. Ample paved parking is available on the side and in the back. An adjacent lot is included in the sale, ideal for future expansion or extra parking. The property is zoned C-2 and is suitable for retail, restaurant, office, event venue, or service-based businesses. The lot size is approximately 0.1019 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bill's Auto Repair Auto Repair Shop

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Independence
    County
    Jackson
    State
    Missouri
    Longitude
    -94.444183
    Latitude
    39.094574

    Nearby Similar for Sale

    • $155,000
      2,184 SF

      Multi-Tenant Retail/Office Building For Sale

      Retail/office building with flexible layout, excellent access, and income potential.
      3305 S Blue Ridge Cut Off, Independence, MO 64055
      View Details
    • $190,000
      0.22 Acres

      Renovated Commercial Space, High-Traffic Location

      Move-in ready commercial space suitable for various business opportunities.
      625 W 23Rd St, Independence, MO 64055
      View Details
    • $850,000
      4,000 SF

      Turn-Key Daycare Opportunity

      Licensed childcare space with multiple classrooms and kitchen facilities.
      2901 M 291 Frontage Rd, Independence, MO 64057
      View Details
    • $250,000
      0.20 Acres

      Remodeled Commercial Space on High-Traffic Street

      Affordable, remodeled commercial space with high visibility on 23rd Street.
      307 E 23Rd St, Independence, MO 64055
      View Details
    • $365,000
      3,456 SF

      Independence Commercial Building For Sale

      3,456 SF commercial building in high-traffic area.
      13717 E 39Th St, Independence, MO 64055
      View Details
    • New
      $545,000
      0.37 Acres

      Fully Occupied Independence Corner Property

      High-visibility commercial property with diverse tenant mix in Independence, MO.
      11413-11417 E 23Rd St, Independence, MO 64052
      View Details
    • New
      $200,000
      0.22 Acres

      Updated Duplex in Independence, MO

      Updated duplex with tenant, new roof scheduled, large lot.
      2004/2006 S Hawthorne Ave, Independence, MO 64052
      View Details
    • $775,000
      11,000 SF

      Updated Retail Space, Independence, MO

      Updated retail space with customization options and highway accessibility.
      4541 S Noland Rd, Independence, MO 64055
      View Details
    • New
      $1,199,000
      0.77 Acres

      Income-Producing Multifamily Property

      Strong cash flow with upside opportunity in Independence, Missouri.
      11601 E Us Highway 24, Independence, MO 64054
      View Details
    • $3,380,000
      1.27 Acres

      Turnkey Restaurant and Real Estate

      Fully operational restaurant with real estate, high visibility, easy access.
      19800 E Valley View Pkwy, Independence, MO 64057
      View Details
    • $475,000
      3,600 SF

      Commercial Building with Nine Units

      Commercial building with nine units on a busy corner.
      3501 S Sterling Ave, Independence, MO 64052
      View Details
    • $1,300,000
      0.30 Acres

      Downtown Independence Commercial Building For Sale

      Well-maintained commercial building in Downtown Independence, suitable for various uses.
      120 S Liberty St, Independence, MO 64050
      View Details

    FAQs

    What type of property is this?
    Retail space - High-traffic location, remodeled interior, and expansion potential.
    Where is this retail space located?
    The property is located at 11303 E Truman Rd Independence, MO.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: - High-traffic location next to a popular gas and convenience store ensures excellent visibility and exposure.; - **Completely remodeled interior** with new ceramic tile flooring, fresh paint, new roof, and new HVAC system.; - Adjacent lot included, providing opportunity for future expansion or additional parking.
    (816) 405-6730
    Request Owner's contact information
    11303 E Truman Rd Independence, MO 64050
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    11303 E Truman Rd
    Independence, MO 64050
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    11303 E Truman Rd Independence, MO 64050
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Claudia Mercado
    (816) 405-6730 (913) 906-5400
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!