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

    802 NE Banner Drive Lees Summit, MO 64086

    View on Map
    New
    Pending
    $369,900

    MULTI_FAMILY - Lee's Summit, MO

    Lot size:
    0.28 Acres
    Added:
    Mar 26, 2026
    Days on Market:
    7
    Last Refresh:
    Apr 1 at 8:06 am

    Property Features for 802 NE Banner Drive

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    Multi
    Parking
    4
    Parking features
    Garage
    Appliances
    Microwave, Refrigerator, Electric Range
    Standard status
    Pending
    APN
    52-730-15-06-00-0-00-000
    Lot size
    0.28 Acres

    Taxes and HOA fees

    TaxDescription
    BANNER GROVE ESTATES LOT 5
    TaxAnnualAmount
    3179

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Cooling system
    Electric
    Water source
    Public

    Building Details

    Year built
    1981
    Floors in Building
    2
    Number of units
    2
    Building materials
    Frame
    Roof type
    Composition

    We can help!

    Listing Contact
    Christina Hill
    Christina Hill

    Listing agent Christina Hill License #2014028595

    Listing office KW KANSAS CITY METRO 4200 Somerset No. 101, Prairie Village, MO

    Listing date Mar 26, 2026

    MLS# 2608714

    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.

    Overview

    Lee's Summit Duplex Investment

    This duplex presents a value-add investment opportunity in Lee's Summit, Missouri. The property features two-bedroom units with attached garages. Currently, the property generates $2,085 per month, or $25,020 annually, in income. Rental data suggests comparable units average between $1,325 and $1,375 per month, indicating potential for increased revenue. The property is located near downtown Lee's Summit, parks, and commuter routes, which may contribute to tenant demand and rental stability. The lot size is approximately 0.2798 acres. The seller also owns the neighboring duplex and a nearby fourplex and may consider portfolio purchase opportunities. The property's zoning is designated as Multi.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Lees Summit
    County
    Cass
    State
    Missouri
    Longitude
    -94.355277
    Latitude
    38.926857

    Nearby Similar for Sale

    • $1,250,000

      Remodeled Commercial Property on 1.6 Acres

      High-visibility commercial property with offices, warehouse, and showroom.
      1600 SW Market Street, Lee's Summit, MO 64081
      View Details
    • $750,000

      New Twin Villa Community

      Twin villas near Downtown Lee's Summit with modern amenities.
      217-219 NW Orchard Court, Lee's Summit, MO 64063
      View Details
    • $700,000

      New Twin Villa in Lee's Summit

      Move-in ready twin villa near Downtown Lee's Summit.
      211-213 NW Orchard Court, Lee's Summit, MO 64063
      View Details
    • $415,000
      2,804 SF

      Lee's Summit Ranch Duplex

      Well-maintained duplex with finished basement and HOA benefits.
      507 Ashurst Court, Lee's Summit, MO 64081
      View Details
    • $340,000

      Lee's Summit Duplex For Sale

      Duplex in high-demand location with recent upgrades and tenant occupancy.
      612 NE Florence Avenue, Lee's Summit, MO 64063
      View Details
    • $382,000

      Lee's Summit Duplex Backing Park

      Side-by-side duplex with updates, backing to Banner Park.
      701 NE Banner Drive, Lee's Summit, MO 64086
      View Details
    • $1,500,000

      Lee's Summit Retail Investment

      Prime retail building on 0.59 acres in Lee's Summit.
      959 SE Oldham Parkway, Lee's Summit, MO 64081
      View Details
    • $419,000

      Well-Maintained Duplex in Lee's Summit

      Duplex in prime location with strong rental appeal.
      3831 Grant Street, Lee's Summit, MO 64064
      View Details
    • $445,000

      Lee's Summit Duplex For Sale

      Well-maintained duplex in Lee's Summit with leases in place.
      817-821 NE Independence Court, Lee's Summit, MO 64063
      View Details
    • $4,000,000

      Lee's Summit Commercial Automotive Property

      Two buildings designed for high-volume automotive operations in Lee's Summit.
      1500-1502 SW Market Street, Lee's Summit, MO 64081
      View Details
    • $590,000

      Lee's Summit Fourplex Investment Opportunity

      Fourplex with income potential in a convenient location.
      116-122 NE Greystone Drive, Lee's Summit, MO 64086
      View Details
    • $440,000

      Lee's Summit Duplex Investment

      Well-maintained duplex in a desirable Lee's Summit location.
      3819 and 3821 Colonial Drive, Lee's Summit, MO 64064
      View Details

    FAQs

    What type of property is this?
    Duplex - Value-add duplex in Lee's Summit with upside potential.
    Where is this duplex located?
    The property is located at 802 NE Banner Drive Lees Summit, MO.
    What is the asking price?
    The asking price for this property is $369,900.
    What are key features of this property?
    This property features: Value‑add investment opportunity with below‑market rents.; Immediate upside potential to increase revenue based on comparable rental data ($1,325-$1,375/month).; Generates $2,085/month ($25,020 annually) in current income.
    (816) 914-8221
    We can help!
    Listing Contact
    Christina Hill
    Christina Hill
    Real Estate License ID: 2014028595
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!