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    253 Stewart Rd Liberty, MO 64068

    For Sale
    $5,133,400

    High-yield retail property in Liberty, MO.

    Description

    Added:
    Feb 13, 2025
    Days on Market:
    306
    This exceptional single-story retail building, constructed in 2016, presents a compelling investment opportunity situated within the thriving Liberty Commons shopping center in Liberty, Missouri. Boasting 16,000 square feet on a 16,988 square foot lot (Legal: Liberty Commons 3rd Plat Lt 6C), the property is currently leased to Off Broadway Shoe Warehouse, generating substantial monthly rental income. The current lease agreement, extending through 2028, provides a 6% annual return, yielding $308,004 annually ($25,667 monthly). Two extension options are available, increasing the annual return to 6.6% ($338,880 annually, $28,240 monthly) from 2028-2033 and 6.93% ($355,824 annually, $31,067 monthly) from 2033-2038. The tenant is responsible for property taxes ($101,413 annually), assessments, insurance, utilities, maintenance, and repairs of non-structural components and HVAC. The landlord's responsibilities encompass the building structure and roof. Benefiting from its location within the Kansas City Metro area, with a population exceeding 2 million, and a five-mile radius encompassing over 82,000 residents, this property offers strong potential for long-term growth and consistent cash flow. The 2016 construction date ensures the building is in excellent condition. This is a turnkey investment ready for immediate income generation.

    Property Features for 253 Stewart Rd

    General Information

    Property type
    Retail properties

    Building Details

    Year Built
    2016
    Stories
    1

    HighLights

    • $5,133,400 asking price for a retail property.
    • Located in Liberty Commons shopping center, Liberty, MO (64068).
    • 16,000 square foot building, built in 2016, on a 16,988 square foot lot.
    • Currently leased to Off Broadway Shoe Warehouse, generating $308,004 in annual rent (2022‑2028).
    • Lease includes options for extensions with increasing annual returns (6.6% and 6.93%).
    • Tenant responsible for most operating expenses; Landlord responsible for structure and roof.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Off Broadway Shoe ... Shoe Store Rapid Commercial Plumbing Plumber

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Liberty
    County
    Clay
    State
    Missouri
    Longitude
    -94.4538009
    Latitude
    39.2420126

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    FAQs

    What type of property is this?
    Retail property - High-yield retail property in Liberty, MO.
    Where is this retail property located?
    The property is located at 253 Stewart Rd Liberty, MO.
    What is the asking price?
    The asking price for this property is $5,133,400.
    What are key features of this property?
    This property features: $5,133,400 asking price for a retail property.; Located in Liberty Commons shopping center, Liberty, MO (64068).; 16,000 square foot building, built in 2016, on a 16,988 square foot lot.
    Request Owner's contact information
    253 Stewart Rd Liberty, MO 64068
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    Liberty, MO 64068
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    Realmo Value Estimation

    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.

    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.

    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
    253 Stewart Rd Liberty, MO 64068
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