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    Lees Summit, MO 64081

    For Sale
    $1,825,000

    Mixed-use building in New Longview Commercial District with two long-term leases.

    Property size:
    4,925 SF

    Property Features for

    General Information

    Size
    4,925 SF

    Building Details

    Year built
    2023

    Source: Russell Pearson, CCIM Agent Russell Pearson, CCIM

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

    Overview

    Modern Mixed-Use NNN Leased Building

    The property at 420 SW Longview Blvd is a mixed-use building offering 4,925 square feet across two stories. It features private entries for both levels, signage, and ample parking. Located in the New Longview Commercial District, a new urbanism community, the property benefits from walkability and community-centric values. The location is in Lee’s Summit, Missouri. The property has two first-generation 10-year leases with 9-10 years remaining. The net operating income is $125,052, with 2.5% annual rent increases and a 6.85% capitalization rate. On-site management is available.
    Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lees Summit
    County
    Cass
    State
    Missouri
    Longitude
    -94.4035
    Latitude
    38.9066

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    FAQs

    What type of property is this?
    Retail space - Mixed-use building in New Longview Commercial District with two long-term leases.
    Where is this retail space located?
    The property is located at Lees Summit, MO.
    What is the asking price?
    The asking price for this property is $1,825,000.
    What are key features of this property?
    This property features: - Two 1st-Gen 10-Year Leases (9-10 Years Remaining); - $125,052 Net Operating Income (NOI); - Attractive 6.85% Cap Rate
    (913) 890-2015
    Request Owner's contact information
    Lees Summit, MO 64081
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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
    Lees Summit, MO 64081
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