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    Medical Office Building with Walkout Basement Title is generated by Realmo AI

    1006 N Jesse James Road, Excelsior Springs, MO 64024

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    Claim this Listing
    For Sale
    $550,000

    SINGLE_FAMILY - Excelsior Springs, MO

    Type:Office
    Property size:
    3,637 SF
    Lot size:
    1.59 Acres
    Price / SF:
    $151/SF
    Added:
    Apr 9, 2025
    Days on Market:
    422
    Last Refresh:
    Jun 4 at 8:06 pm

    Property Features for 1006 N Jesse James Road

    General Information

    Property type
    Residential
    Property subtype
    Office
    Zoning
    C-3
    Parking features
    Parking Lot
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    APN
    12-306-00-25-034.00
    Lot size
    1.59 Acres

    Utilities

    Utilities
    Water Available

    Building Details

    Year built
    1996
    Floors in Building
    2

    We can help!

    Listing Contact
    Hightower Heritage Team

    Listing agent Hightower Heritage Team

    Listing office Jason Mitchell Real Estate Mis 225 N Jesse James Rd, Excelsior Sorings, MO

    Listing date Apr 9, 2025

    MLS# 2542755

    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.

    HighLights

    • 3,637 SF main level medical building with a partially finished 2,817 SF full walkout basement
    • Built in 1996 and set on approximately 1.59 acres
    • Main floor includes 8 patient rooms, x‑ray room, lab area, and reception area
    • Two separate waiting rooms plus four offices and two restrooms on the main level
    • Lower level offers three restrooms, a kitchenette, and garage entrance with walkout doors
    • Parking in front and rear; accessible approach with ramp; water available

    Overview

    This medical office building totals 3,637 square feet on the main level, plus a full walkout basement with 2,817 square feet that is partially finished. The main floor includes eight patient rooms, an x-ray room, four offices, a lab area, two separated waiting rooms, two restrooms, and a reception area. The lower level provides three restrooms and a kitchenette, with a garage entrance as well as walkout doors. The building was constructed in 1996 and sits on approximately 1.59 acres.

    The property offers parking in both the front and rear, supporting convenient access for patients, staff, and visitors. Zoned C-3, the building may be suitable for a range of commercial and healthcare-related uses consistent with local requirements.

    For healthcare operators and medical tenants, the existing layout provides dedicated exam space, support areas, and separate waiting rooms. The combination of main-level patient areas and a usable lower level with walkout access can support expanded clinical workflow or additional administrative and support functions, depending on the user’s needs and applicable code requirements.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical centers

    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
    Excelsior Springs
    County
    Clay
    State
    Missouri
    Longitude
    -94.236641
    Latitude
    39.351768

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    FAQs

    What type of property is this?
    Medical center - Built in 1996, this medical facility offers patient rooms, offices, and a partially finished walkout lower level.
    Where is this medical center located?
    The property is located at 1006 N Jesse James Road Excelsior Springs, MO.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: 3,637 SF main level medical building with a partially finished 2,817 SF full walkout basement; Built in 1996 and set on approximately 1.59 acres; Main floor includes 8 patient rooms, x‑ray room, lab area, and reception area
    (816) 679-6057
    We can help!
    Listing Contact
    Hightower Heritage Team
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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.

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