Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Land Near Truman Marketplace Title is generated by Realmo AI

    12000 S US Highway 71, Grandview, MO

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Commercial land with high visibility near a retail center.

    Type:LAND
    Lot size:
    0.40 Acres
    Added:
    Feb 21, 2025
    Days on Market:
    465
    Last Refresh:
    May 20 at 9:35 pm

    Property Features for 12000 S US Highway 71

    General Information

    Standard status
    Active
    Lot size
    0.40 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Matt Pepper

    Listing agent Matt Pepper

    Listing office Curry Real Estate Services

    Listing date Feb 21, 2025

    Source Moodyscre

    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 Curry Real Estate Services

    HighLights

    • Approximately 88,000 Vehicles Daily Along 71 Highway
    • Near newly redeveloped Truman Marketplace retail power center
    • Excellent Visibility
    • Outer road conversion to two‑way traffic planed

    Overview

    This commercial land benefits from its proximity to the newly redeveloped Truman Marketplace retail power center. The location offers excellent visibility and sees approximately 88,000 vehicles daily along Highway 71. The outer road is planned for conversion to a two-way traffic pattern.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Grandview
    County
    Jackson
    State
    Missouri
    Longitude
    -94.5249
    Latitude
    38.9062

    Nearby Similar for Sale

    • $725,000
      2,000 SF

      Highway Frontage Commercial Property

      One-acre commercial property with office and highway frontage.
      13130 S US Hwy 71, Grandview, MO 64030
      View Details
    • $1,500,000

      Turnkey Laundromat Investment Opportunity

      Profitable laundromat with loyal customer base and growth potential.
      1607 Little Avenue, Grandview, MO 64030
      View Details
    • $336,000

      Grandview Duplex For Sale

      Income-producing duplex in Grandview, MO, with fenced yards.
      1926 High Grove Road, Grandview, MO 64030
      View Details
    • $85,000

      Grandview Land in Creekwood Subdivision

      Two lots to build your dream home in Grandview, MO.
      6712 & 6800 E 122nd Street, Grandview, MO 64030
      View Details
    • $213,600

      Established Automotive Business Opportunity

      Long-standing automotive business for sale in Grandview, Missouri.
      12109 Merritt, Grandview, MO 64030
      View Details
    • $147,000

      Grandview Land Mixed-Use Opportunity

      3 acres zoned PD for mixed-use development in Grandview, MO.
      8203 Outer Belt Road, Grandview, MO 64030
      View Details
    • $42,500

      Residential Land in Creekwood Subdivision

      Homesite in Grandview's Creekwood Subdivision, close to amenities.
      12200 Craig Drive, Grandview, MO 64030
      View Details
    • $1,253,000

      Prime Land with Development Potential

      25 acres of undeveloped land with dual road frontage.
      E 147th Street, Grandview, MO 64030
      View Details
    • $199,000

      Grandview Duplex Investment Opportunity

      Occupied duplex in Grandview, MO, with immediate income potential.
      5701 E 139 Terrace, Grandview, MO 64030
      View Details
    • Contact for pricing
      2,944 SF

      Redevelopment Opportunity on Blue Ridge

      Former Hardee’s on Blue Ridge Blvd in Grandview, Missouri.
      12195 Blue Ridge Blvd, Grandview, MO 64030
      View Details
    • $995,000
      2,000 SF

      Retail Space with Dedicated Parking

      Retail space available May 1st with dedicated parking.
      12142 Blue Ridge Ext, Grandview, MO
      View Details
    • $9,600,000

      121-Unit Multifamily Complex in Grandview

      Stabilized asset with assumable loan in Grandview, Missouri.
      13901 Grandboro Lane, Grandview, MO 64030
      View Details

    FAQs

    What type of property is this?
    Land - Commercial land with high visibility near a retail center.
    Where is this land located?
    The property is located at 12000 S US Highway 71 Grandview, MO.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: Approximately 88,000 Vehicles Daily Along 71 Highway; Near newly redeveloped Truman Marketplace retail power center; Excellent Visibility
    (816) 414-5200 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Matt Pepper
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    12000 S US Highway 71, Grandview, MO
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!