Two-Story Office
For Sale
$3,500,000
113 Blue Jay Dr, Liberty, MO 64068
Commercial Sale, Liberty, MO
Property Size12,550 SF
Lot Size1.01 Acres
Price / SF$278.88
Days on Market41
Property Features for 113 Blue Jay Dr
General Information
Property type
Commercial Sale
Property subtype
Other
High school district
000000
Standard status
Active
APN
000000-000.000-0000-009.000
Size
12,550 SF
Lot size
1.01 Acres
Building Details
Year built
1987
Floors in Building
2
Listing Agency:
The OConnor Agency - United Country Real Estate
Listed By:
Bruce Witt
(816) 632-3721
Added: Aug 3
Changed: Sep 10
Last Checked: Sep 12 at 4:06PM
MLS# 11971972
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The property comprises a 12,550-square-foot, two-story office building on 1.01 acres of C-2-zoned commercial land. Interior access between floors is provided by an elevator and two stairways. The building was remodeled 10 years ago and includes HVAC improvements along with security enhancements featuring magnetic locks.
Positioned on Blue Jay Drive, the property has 239" of road frontage and is directly adjacent to the Liberty High School campus. The building is currently 100% leased, offering an occupied office asset with established improvements and controlled access features.
Positioned on Blue Jay Drive, the property has 239" of road frontage and is directly adjacent to the Liberty High School campus. The building is currently 100% leased, offering an occupied office asset with established improvements and controlled access features.
Key Highlights
- 12,550 square feet of finished office space
- Two‑story building with elevator and 2 stairways
- Situated on 1.01 acres zoned C‑2
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
$176,676
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
5.05%
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%
$3,533,520
$3.5M
Cap Rate 7%
$2,523,943
$2.5M
Cap Rate 9%
$1,963,067
$2.0M
Market Conditions
NOI Build-Up for 12,550 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
$271.1K $21.60/SF
− Vacancy
−$35.5K −$2.83/SF
EGI
$235.6K $18.77/SF
− OpEx
−$58.9K −$4.69/SF
NOI
$176.7K $14.08/SF
Area
Clay County, MO
Vacancy
13.10%
Lease Rate
$21.60 /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%
$3,533,520
Cap Rate 7%
$2,523,943
Cap Rate 9%
$1,963,067
Alternative Uses
Best Use
Office B
$2.52M
$2.21M – $2.94M
NOI $176,676 @ 7.0% cap · market cap 5.05%
Second Best
Healthcare Medical
$2.25M
$1.97M – $2.62M
NOI $157,348 @ 7.0% cap · market cap 4.50%
Theoretical Best
Office A
$3.84M
$3.36M – $4.48M
NOI $268,972 @ 7.0% cap · market cap 7.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,003
Businesses Nearby
Explore this area
Business Placement
Demographics for 64068, MO
37,222
Population
14,656
Households
2.5
Avg Household Size
39
Median Age
39%
College-Educated
97%
High-School Grad
84.8 sq mi
ZIP Area
439
Density / Sq Mi
$95,425
Median Household Income
$51,642
Median Earnings
$1,172
Median Rent
$268,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office building - C-2-zoned office property with elevator access, upgraded HVAC, and 100% leased occupancy.
Where is this office building located?
The property is located at 113 Blue Jay Dr Liberty, MO.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 12,550 square feet of finished office space; Two‑story building with elevator and 2 stairways; Situated on 1.01 acres zoned C‑2
