Medical Office Space with Paved
For Sale
$920,000
10800 E 77th Terrace, Raytown, MO 64138
Built in 2002, the property includes a paved parking area.
Property Size3,481 SF
Days on Market115
Property Features for 10800 E 77th Terrace
General Information
Standard status
Active
Size
3,481 SF
Zoning
OFC
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$24,020
Amenities
Parking Lot, Paved
Building Details
Building Size
3,481 SF
Year Built
2002
Stories
2
Listing Agency:
Real Broker, LLC
Listed By:
Richey Real Estate Group
(816) 284-6147
Source:
Evrealestate
Added: Jun 12
Changed: Oct 3
Last Checked: Oct 2 at 8:10PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Real Broker, LLC
Investment Insights
Based on property information with market context.
This medical office property was built in 2002 and has a paved parking lot. The site is zoned OFC.
At 10800 E 77th Terrace in Raytown, the property can be reached from I-70 by traveling south on Raytown Rd and turning east onto E 77th Terrace.
At 10800 E 77th Terrace in Raytown, the property can be reached from I-70 by traveling south on Raytown Rd and turning east onto E 77th Terrace.
Key Highlights
- Medical office space built in 2002
- Paved parking lot
- OFC zoning
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$40,216
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.37%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$804,320
$804.3K
Cap Rate 7%
$574,514
$574.5K
Cap Rate 9%
$446,844
$446.8K
Market Conditions
NOI Build-Up for 3,481 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$63.9K $18.36/SF
− Vacancy
−$10.3K −$2.96/SF
EGI
$53.6K $15.40/SF
− OpEx
−$13.4K −$3.85/SF
NOI
$40.2K $11.55/SF
Area
Jackson County, MO
Vacancy
16.10%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$804,320
Cap Rate 7%
$574,514
Cap Rate 9%
$446,844
Alternative Uses
Best Use
Office B
$574.5K
$502.7K – $670.3K
NOI $40,216 @ 7.0% cap · market cap 4.37%
Second Best
Healthcare Medical
$113.4K
$99.3K – $132.3K
NOI $7,940 @ 7.0% cap · market cap 0.86%
Theoretical Best
Warehouse
$915.5K
$801.1K – $1.07M
NOI $64,087 @ 7.0% cap · market cap 6.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
314
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 64138, MO
25,565
Population
11,273
Households
2.3
Avg Household Size
38
Median Age
22%
College-Educated
92%
High-School Grad
13.3 sq mi
ZIP Area
1,922
Density / Sq Mi
$54,619
Median Household Income
$39,210
Median Earnings
$1,127
Median Rent
$164,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Built in 2002, the property includes a paved parking area.
Where is this medical office space located?
The property is located at 10800 E 77th Terrace Raytown, MO.
What is the asking price?
The asking price for this property is $920,000.
What are key features of this property?
This property features: Medical office space built in 2002; Paved parking lot; OFC zoning
