Medical Office Building with Walkout Lower
For Sale
$999,000
10800 E 77th Ter, Raytown, MO 64152
Single-tenant dental and medical office on 1.27 acres with ADA entrance and 18 surface parking spaces.
Property Size3,481 SF
Lot Size1.27 Acres
Price / SF$286.99
Days on Market88
Property Features for 10800 E 77th Ter
General Information
Standard status
Active
Size
3,481 SF
Total Parking Spaces
18
Lot size
1.27 Acres
Additional Details
Office Units
1
Amenities
ADA-accessible entrance
building signage
Building Details
Year Built
2002
Year Renovated
2021
Buildings
1
Tenancy
Single
Owner Occupied
No
Listing Agency:
Real Broker, LLC-MO
(816) 284-6147
Listed By:
Richey Real Estate Group
(816) 284-6147
Source:
Exprealty
Added: May 4
Changed: Jul 30
Last Checked: Jul 30 at 6:35PM
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-MO
Investment Insights
Based on property information with market context.
This income-producing, single-tenant dental and medical office investment is configured for clinical use with supporting office and lower-level space. The building provides approximately 3,481 finished square feet, including a 2,070-square-foot main clinical level and a 1,411-square-foot finished walkout lower level. The property sits on approximately 1.27 acres and features an ADA-accessible entrance, building signage, and 18 surface parking spaces.
Originally constructed in 2002 and renovated and expanded in 2021, the improvements include a modernized facade, updated interior, a building addition, resurfaced and restriped parking lot, and HVAC and furnace systems installed in 2021. The layout was designed specifically for dental and medical operations.
The property is leased to Apex Missouri Management, LLC through October 9, 2030. The lease is structured as a modified net lease, with the tenant paying utilities and reimbursing real estate taxes, property insurance, and operating expenses. Two additional five-year tenant renewal options are included, each with a 10% base-rent increase at the beginning of the exercised option period. Sale includes the real estate subject to the existing lease; the tenant’s business, equipment, personal property, and trade fixtures are excluded.
Originally constructed in 2002 and renovated and expanded in 2021, the improvements include a modernized facade, updated interior, a building addition, resurfaced and restriped parking lot, and HVAC and furnace systems installed in 2021. The layout was designed specifically for dental and medical operations.
The property is leased to Apex Missouri Management, LLC through October 9, 2030. The lease is structured as a modified net lease, with the tenant paying utilities and reimbursing real estate taxes, property insurance, and operating expenses. Two additional five-year tenant renewal options are included, each with a 10% base-rent increase at the beginning of the exercised option period. Sale includes the real estate subject to the existing lease; the tenant’s business, equipment, personal property, and trade fixtures are excluded.
Key Highlights
- 3,481 SF medical office with 2,070 SF main clinical level and 1,411 SF finished walkout lower level
- Single‑tenant lease to Apex Missouri Management, LLC through October 9, 2030
- Modified net lease: tenant pays utilities and reimburses real estate taxes, property insurance, and operating expenses
Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $83.5k | $24.00 |
| − Vacancy | −$8.8k | −$2.52 |
| EGI | $74.8k | $21.48 |
| − OpEx | −$29.9k | −$8.59 |
| NOI | $44.9k | $12.89 |
3,481 SF · lease $24.00/SF/yr · vacancy 10.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$640.9K
$560.8K – $747.7K
NOI $44,863 @ 7.0% cap · market cap 4.49%
Second Best
Office B
$622.7K
$544.8K – $726.4K
NOI $43,586 @ 7.0% cap · market cap 4.36%
Theoretical Best
Warehouse
$2.60M
$2.27M – $3.03M
NOI $181,859 @ 7.0% cap · market cap 18.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Office units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
329
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 64152, MO
29,623
Population
12,525
Households
2.4
Avg Household Size
38
Median Age
51%
College-Educated
97%
High-School Grad
30.9 sq mi
ZIP Area
959
Density / Sq Mi
$110,421
Median Household Income
$51,231
Median Earnings
$1,236
Median Rent
$333,700
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Single-tenant dental and medical office on 1.27 acres with ADA entrance and 18 surface parking spaces.
Where is this medical office space located?
The property is located at 10800 E 77th Ter Raytown, MO.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: 3,481 SF medical office with 2,070 SF main clinical level and 1,411 SF finished walkout lower level; Single‑tenant lease to Apex Missouri Management, LLC through October 9, 2030; Modified net lease: tenant pays utilities and reimburses real estate taxes, property insurance, and operating expenses
