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

    256 E Broadway Ave Excelsior Springs, MO 64024

    View on Map
    Sponsored
    For Sale
    Pending
    $89,900

    COMMERCIAL - Excelsior Springs, MO

    Lot size:
    0.25 Acres
    Days on Market:
    8
    Last Refresh:
    Mar 7 at 6:06 am

    Property Features for 256 E Broadway Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Pending
    Zoning
    C-2
    APN
    12-311-00-22-015.00
    Lot size
    0.25 Acres

    Utilities

    Utilities
    Natural Gas Available
    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    SimmonsSales Team

    RE/MAX Area Real Estate (816) 820-2463

    Listing agent SimmonsSales Team (816) 630-4000

    Listing date Feb 28, 2026

    MLS# 2574512 Listing URL

    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

    Prime Downtown Commercial Parcel

    Located in the heart of Excelsior Springs' downtown district, this 0.2539-acre commercial parcel presents an opportunity for development. Zoned commercial, the property is surrounded by established restaurants, boutiques, wine bars, and shopping destinations. With frontage on Broadway Avenue and Penn Street, the property offers visibility and walkability, near the Hall of Waters, downtown Trolley & Wine Tour routes, and annual festivals. The lot is clear, level, and ready for development, suitable for mixed-use retail, restaurant, boutique hotel, or upper-story residential units. The site has infrastructure nearby and alley access at the rear. The property is positioned to capture the demand for dining, lodging, and lifestyle experiences.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Excelsior Springs
    County
    Clay
    State
    Missouri
    Longitude
    -94.220852
    Latitude
    39.342496

    Nearby Similar for Sale

    • $950,000
      2,700 SF

      Versatile Commercial Property Near Highway

      Multiple buildings on 1.43 acres with highway access.
      1900 W Us 69 Hwy, Excelsior Springs, MO 64024
      View Details
    • $175,000
      2,460 SF

      Downtown Excelsior Springs Brick Building

      Solid brick building in downtown Excelsior Springs with flexible layout.
      321 W Broadway Ave, Excelsior Springs, MO 64024
      View Details
    • $465,000
      0.37 Acres

      Historic Downtown Excelsior Springs Investment

      Multi-unit commercial property in thriving downtown Excelsior Springs.
      453-463 S Thompson Ave, Excelsior Springs, MO 64024
      View Details
    • $221,400
      0.11 Acres

      Historic Landmark in Downtown Excelsior

      Two-story commercial building with tenant in revitalized historic district.
      117 W Broadway Ave, Excelsior Springs, MO 64024
      View Details
    • Contact for pricing

      Historic Downtown Mixed-Use Building

      Mixed-use building with commercial storefronts and luxury loft apartments.
      101 W Broadway St, Excelsior Springs, MO 64024
      View Details
    • Contact for pricing

      Medical Building with Finished Basement

      Medical building with walkout basement on 1.59 acres.
      1006 N Jesse James Rd, Excelsior Springs, MO 64024
      View Details
    • $309,000
      0.11 Acres

      Renovated Triplex in Excelsior Springs

      Income-producing triplex with renovated units and parking.
      435 Benton Ave, Excelsior Springs, MO 64024
      View Details
    • $565,000
      0.11 Acres

      Mixed-Use Building in Downtown Excelsior

      100% occupied mixed-use building with commercial and residential units.
      101 W Broadway Ave, Excelsior Springs, MO 64024
      View Details
    • $550,000
      0.16 Acres

      Excelsior Springs Commercial Storefront Property

      Combined storefronts in historic district with owner financing available.
      451 S Thompson Ave, Excelsior Springs, MO 64024
      View Details
    • $597,795

      Downtown Excelsior Springs Retail Gem

      Historic building, 7,500+ sq ft, multiple uses
      110-114 Broadway Ave, Excelsior Springs, MO 64024
      View Details
    • $1,250,000
      3.57 Acres

      Excelsior Springs Hotel Development Site

      Prime 3.57-acre hotel site, revitalized area.
      0 Vintage Dr, Excelsior Springs, MO 64024
      View Details
    • Contact for pricing

      Highway Frontage Multi-Building Commercial Property

      Multi-building commercial property with highway frontage and easy access.
      1900 W Us Highway 69, Excelsior Springs, MO 64024
      View Details

    FAQs

    What type of property is this?
    Commercial land - 0.25-acre commercial parcel in thriving downtown Excelsior Springs, MO.
    Where is this commercial land located?
    The property is located at 256 E Broadway Ave Excelsior Springs, MO.
    What is the asking price?
    The asking price for this property is $89,900.
    What are key features of this property?
    This property features: - Prime commercial location in the heart of Excelsior Springs' award-winning downtown district.; - **High visibility corner lot** on Broadway Avenue and Penn Street, ensuring maximum exposure.; - Zoned commercial and ready for development, suitable for mixed-use, retail, restaurant, or hospitality projects.
    (816) 630-4000
    Request Owner's contact information
    256 E Broadway Ave Excelsior Springs, MO 64024
    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.
    256 E Broadway Ave
    Excelsior Springs, MO 64024
    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
    256 E Broadway Ave Excelsior Springs, MO 64024
    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
    SimmonsSales Team
    (816) 630-4000 (816) 820-2463
    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!