Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Northeast Douglas St Lees Summit, MO 64086

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Shopping center space near hospital and high school in Lee's Summit.

    We can help!

    Listing Contact
    Lindy Beyer
    Source: Cbre

    Listing Agent: Lindy Beyer

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

    Learn more

    Overview

    Neighborhood Shopping Center Near Hospital

    This 59,451 square foot shopping center is located on Douglas Street in Lee's Summit, Missouri, with over 23,000 vehicles per day. The property is directly across from St. Luke’s East Hospital, which contains 238 beds, and has close access to I-470. It is also located near Lee’s Summit North High School. Lee's Summit is a suburban city east of Kansas City, primarily in Jackson County, featuring family-friendly neighborhoods and a revitalized historic downtown. The city balances urban conveniences with outdoor recreation and is known for its strong school system.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Similar Places Nearby

    PINE TREE PLAZA, Southside Plaza Shopping Center

    Map

    City
    Lees Summit
    County
    Cass
    State
    Missouri
    Longitude
    -94.3784519
    Latitude
    38.915087

    Nearby Similar for Lease

    • New
      $2,500 /Mo
      1,590 SF

      Downtown Lee's Summit Retail Space

      Retail space in downtown Lee's Summit with private parking.
      213 SE Douglas St, Lees Summit, MO 64063
      View Details
    • Sponsored
      Contact for pricing

      Business Exchange Building

      Discover many ways to work your way in IL, Oak Brook - Oak Brook Pointe
      200 Missouri Rd, Lees Summit, MO 64086
      View Details
    • Contact for pricing
      4,594 SF

      Retail Space in Summit Fair

      Retail space available in open-air lifestyle center.
      880-930 NW Blue Pkwy, Lees Summit, MO 64086
      View Details
    • $23 SF/Yr
      1,793 SF

      Medical Office Space For Rent

      Class A medical office space adjacent to Lee’s Summit Medical Center.
      2100 SE Shenandoah Dr, Lees Summit, MO 64063
      View Details
    • $18 SF/Yr
      2,070 SF

      Move-in Ready Office Suites

      Move-in ready office suites for lease in central location.
      600 NW Murray Rd, Lees Summit, MO 64081
      View Details
    • Contact for pricing
      996 SF

      Lee's Summit Retail/Office Space

      Retail and office spaces available in Lee's Summit, Missouri.
      450 SW Ward Rd, Lees Summit, MO 64081
      View Details
    • Contact for pricing
      1,975 SF

      Retail Space Near I-470

      Retail space available in neighborhood retail center near major intersection.
      3680 NE Akin Dr, Lees Summit, MO
      View Details
    • Contact for pricing
      1,047 SF

      Lees Summit Office Space

      Office space available for lease in Lees Summit, Missouri.
      1901 NW Blue Pkwy, Lees Summit, MO 64086
      View Details
    • Contact for pricing
      1,104 SF

      Lees Summit Office Space

      Office space available for lease in Lees Summit, Missouri.
      100 NE Douglas St, Lees Summit, MO 64063
      View Details
    • Contact for pricing
      2,846 SF

      Retail Space with Outdoor Patios

      Retail space with high visibility and easy highway access.
      211 SE State Route 291, Lees Summit, MO 64063
      View Details
    • Contact for pricing
      6,560 SF

      Medical Office Space For Lease

      Class B medical office building with attractive clinic setting.
      3601 NE Ralph Powell Rd, Lees Summit, MO 64064
      View Details
    • $12 SF/Yr
      8,100 SF

      Lees Summit Office Space Available

      8,100 RSF office space with private and executive offices.
      1009 SE Browning Ave, Lees Summit, MO 64081
      View Details

    FAQs

    What type of property is this?
    Shopping center - Shopping center space near hospital and high school in Lee's Summit.
    Where is this shopping center located?
    The property is located at Northeast Douglas St Lees Summit, MO.
    What are key features of this property?
    This property features: - Directly across from St. Luke’s East Hospital (238 beds); - High traffic location: Over 23,000 Vehicles Per Day (VPD); - Prime neighborhood shopping center location
    Request Owner's contact information
    Northeast Douglas St Lees Summit, MO 64086
    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.
    Northeast Douglas St
    Lees Summit, MO 64086
    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
    Northeast Douglas St Lees Summit, MO 64086
    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
    Lindy Beyer
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!