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

    342 NE Victoria Dr Lees Summit, MO 64086

    View on Map
    Sponsored
    For Sale
    $85,000

    LAND - Lee's Summit, MO

    Lot size:
    0.34 Acres
    Days on Market:
    44
    Last Refresh:
    Mar 14 at 11:06 am

    Property Features for 342 NE Victoria Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Vegetation
    Cleared, Partially Wooded
    Zoning
    RES
    APN
    999999
    Lot size
    0.34 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Destination Home Team

    Reece & Nichols Realtors, INc (816) 524-7272

    Listing agent Destination Home Team (816) 525-7000

    Listing date Jan 29, 2026

    MLS# 2596744 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

    Lee's Summit Land Opportunity

    This 0.342-acre flat corner lot presents a rare opportunity for building in Lee's Summit. Located across the street from Meadow Lane Elementary and minutes from shopping, dining, and highway access, the property offers a blank canvas for a new home. A major upgrade has been completed by improving the sewer line to allow for easier utility access, adding immediate value and reducing future build costs. With no HOA restrictions, the property provides flexibility for design, layout, and lifestyle. This centrally located lot combines convenience, accessibility, and potential for builders or future homeowners.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lees Summit
    County
    Cass
    State
    Missouri
    Longitude
    -94.36476616
    Latitude
    38.93858323

    Nearby Similar for Sale

    • New
      $1,800,000
      0.59 Acres

      Lee's Summit Retail Investment

      Prime retail building on 0.59 acres, ideal for investors.
      959 SE Oldham Pkwy, Lees Summit, MO 64081
      View Details
    • New
      $700,000
      0.28 Acres

      New Twin Villa in Lee's Summit

      Move-in ready twin villa near Downtown Lee's Summit.
      211-213 NW Orchard Ct, Lees Summit, MO 64063
      View Details
    • New
      $750,000
      0.28 Acres

      New Twin Villa Community

      Twin villas near Downtown Lee's Summit with modern amenities.
      217-219 NW Orchard Ct, Lees Summit, MO 64063
      View Details
    • $1,300,000
      1.60 Acres

      Versatile Commercial Property in Lee's Summit

      Remodeled commercial property with offices, warehouse, showroom, and expansion potential.
      1600 SW Market St, Lees Summit, MO 64081
      View Details
    • $4,250,000
      0.25 Acres

      Established Venue in Lee's Summit

      Thriving event space business and real estate opportunity for sale.
      308 SE Douglas St, Lees Summit, MO 64063
      View Details
    • $590,000
      0.08 Acres

      Lee's Summit Fourplex Investment Opportunity

      Fourplex with income potential in a convenient location.
      116-122 NE Greystone Dr, Lees Summit, MO 64086
      View Details
    • $340,000
      0.29 Acres

      Lee's Summit Duplex For Sale

      Duplex in high-demand location with recent upgrades and tenant occupancy.
      612 NE Florence Ave, Lees Summit, MO 64063
      View Details
    • $4,000,000
      3.52 Acres

      Lee's Summit Commercial Automotive Property

      Two buildings designed for high-volume automotive operations in Lee's Summit.
      1500-1502 SW Market St, Lees Summit, MO 64081
      View Details
    • $325,000
      Pending

      Lee's Summit Duplex Investment

      Turn-key, fully leased duplex in Lee's Summit, Missouri.
      209-211 NW Monroe St, Lees Summit, MO 64063
      View Details
    • $415,000
      Pending

      Remodeled Duplex in Lee's Summit

      Modern, remodeled duplex near dining and parks in Lee's Summit.
      941 3Rd St, Lees Summit, MO 64063
      View Details
    • $445,000
      Pending

      Lee's Summit Duplex For Sale

      Well-maintained duplex in Lee's Summit with leases in place.
      817-821 NE Independence Ct, Lees Summit, MO 64063
      View Details
    • $305,000
      Pending

      Free Standing Building For Sale

      Free standing building with six rooms, suitable for retail.
      704 NW Obrien Rd, Lees Summit, MO 64063
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Corner lot near school, shopping, and highway access.
    Where is this residential land & home lot located?
    The property is located at 342 NE Victoria Dr Lees Summit, MO.
    What is the asking price?
    The asking price for this property is $85,000.
    What are key features of this property?
    This property features: - Prime location in the heart of Lee's Summit, directly across from Meadow Lane Elementary.; - .342-acre flat corner lot offers a true blank canvas for building a dream home.; - Sewer line has been improved, adding immediate value and reducing future build costs.
    (816) 533-2500
    Request Owner's contact information
    342 NE Victoria Dr Lees Summit, MO 64086
    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.
    342 NE Victoria Dr
    Lees Summit, MO 64086
    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
    342 NE Victoria Dr Lees Summit, MO 64086
    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
    Destination Home Team
    (816) 533-2500 (816) 524-7272 (816) 525-7000
    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!