Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    3rd St & Vw High Dr Lees Summit, MO 64081

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Commercial lots available for retail, office, restaurant, and medical uses.

    Property size:
    8 SF
    Lot size:
    8.73 Acres

    Property Features for 3rd St & Vw High Dr

    General Information

    Size
    8 SF
    Lot size
    8.73 Acres

    We can help!

    Listing Contact
    Russell Pearson, Ccim
    Source: Naiglobal

    Listing Agent: Russell Pearson, Ccim

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Commercial Lots For Sale

    Commercial lots are available for sale or build-to-suit, ranging in size from 0.32 to 2.03 acres. The 8-acre property is suitable for retail, office, restaurant, activity plaza, and medical uses. Current tenants include Longview Community College, B&B Theatres, CVS, McDonalds, and Taco Bell.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Lees Summit
    County
    Cass
    State
    Missouri
    Longitude
    -94.4035
    Latitude
    38.9066

    Nearby Similar for Sale

    • $700,000
      0.28 Acres

      Twin Villa Near Downtown

      Two-story twin villa near downtown Lee's Summit.
      205-207 NW Orchard Ct, Lees Summit, MO 64063
      View Details
    • $4,500,000
      0.25 Acres

      Established Venue in Lee's Summit

      Thriving event space in a desirable Kansas City area city.
      308 SE Douglas St, Lees Summit, MO 64063
      View Details
    • $1,300,000
      1.60 Acres

      Versatile Commercial Property in Lee's Summit

      Remodeled commercial property with offices, warehouse, showroom, and expansion potential.
      1600 SW Market St, Lees Summit, MO 64081
      View Details
    • $700,000
      0.28 Acres

      Twin Villa Near Downtown

      Two-story twin villa with modern amenities and low-maintenance living.
      211-213 NW Orchard Ct, Lees Summit, MO 64063
      View Details
    • $235,000
      Pending

      Lee's Summit Duplex with Updates

      Move-in ready duplex in Lee's Summit near schools and shopping.
      703 NE Swann Cir, Lees Summit, MO 64086
      View Details
    • $590,000
      0.08 Acres

      Lee's Summit Fourplex Investment Opportunity

      Fourplex in Lee's Summit with income potential and renovation opportunity.
      116-122 NE Greystone Dr, Lees Summit, MO 64086
      View Details
    • $430,000
      Pending

      Lee's Summit Income-Producing Duplex

      Well-maintained duplex in Lee's Summit, offering steady income.
      314 Melody Ln, Lees Summit, MO 64063
      View Details
    • $450,000
      Pending

      Prime Office Condo Opportunity

      Well-located office/medical condo in Lee's Summit business corridor.
      232 NE Tudor Rd, Lees Summit, MO 64086
      View Details
    • $349,579
      1,649 SF

      Ranch-Style Duplex in Lee's Summit

      Spacious ranch duplex with open layout and optional finished lower level.
      1218 SE Windbreak Dr, Lees Summit, MO 64081
      View Details
    • $345,862
      1,649 SF

      Ranch-Style Duplex in Lee's Summit

      Spacious ranch duplex with open layout and optional finished basement.
      1216 SE Windbreak Dr, Lees Summit, MO 64081
      View Details
    • $349,579
      1,649 SF

      Lee's Summit Twin Home Ranch

      Ranch layout with open-concept kitchen, dining, and living area.
      1206 SE Windbreak Dr, Lees Summit, MO 64081
      View Details
    • $342,867
      1,649 SF

      Ranch-Style Duplex in Lee's Summit

      Spacious duplex with open layout, perfect for relaxation and entertainment.
      1204 SE Windbreak Dr, Lees Summit, MO 64081
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial lots available for retail, office, restaurant, and medical uses.
    Where is this commercial land located?
    The property is located at 3rd St & Vw High Dr Lees Summit, MO.
    What are key features of this property?
    This property features: - Commercial lots available for sale or build-to-suit, offering flexibility.; - Diverse range of permitted uses: Retail, Office, Restaurant, Activity Plaza, and Medical.; - Located near Longview Community College, attracting potential customers.
    (913) 890-2015
    Request Owner's contact information
    3rd St & Vw High Dr Lees Summit, MO 64081
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3rd St & Vw High Dr
    Lees Summit, MO 64081
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    3rd St & Vw High Dr Lees Summit, MO 64081
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Russell Pearson, Ccim
    (913) 890-2015
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.