Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3800 S Elizabeth St Independence, MO 64057

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    2700 SF medical office with multiple exam/office rooms.

    Property size:
    1,200 SF
    Lot size:
    1.50 Acres

    Property Features for 3800 S Elizabeth St

    General Information

    Size
    1,200 SF
    Lot size
    1.50 Acres

    We can help!

    Listing Contact
    Darla Russell
    Darla Russell
    Source: Moodyscre

    Listing Agency: Keller Williams Realty Partner Listing Agent: Darla Russell

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

    Learn more

    Property Insight Report

    Overview

    Medical Office Space Available

    This property offers 2700 square feet of space, previously used as a medical office. The layout includes six rooms suitable for exam rooms or private offices. A large office area connects to one of the exam rooms. Restroom and storage rooms are also present.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Brad Wilkins - State ... Insurance Agency Monelli's Hair Salon Done Virtuously Salon ... Hair Salon Scrub Hub (Bike/Boat/Book/etc) Store ChiroTHIN KC Weight Loss Service

    Suggested Use

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

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

    Similar Places Nearby

    Banfield Pet Hospital

    Location Insight

    • Map
    • Local Demand
    City
    Independence
    County
    Jackson
    State
    Missouri
    Longitude
    -94.3612934
    Latitude
    39.0494709

    Nearby Similar for Lease

    • $19 SF/Yr
      69,696 SF

      Move-in Ready Commercial Spaces Available

      Exceptional spaces for lease near I-70 and Independence Center.
      20101 E Jackson. Dr, Independence, MO 64057
      View Details
    • $12 SF/Yr
      14,810 SF

      Flexible Commercial Space with Overhead Doors

      Adaptable commercial space with open layout and convenient highway access.
      17003 E Us 24 Hwy, Independence, MO 64056
      View Details
    • $18 SF/Yr
      213,444 SF

      Eastland Center Retail Space Available

      Prime retail space in high-traffic area near I-70 and MO-291.
      18900 E Valley View Pkwy, Independence, MO 64055
      View Details
    • Contact for pricing
      9,598 SF

      Restaurant Space Near Bass Pro

      Fully equipped restaurant space with high visibility and traffic.
      18201 Bass Pro Dr, Independence, MO 64055
      View Details
    • Contact for pricing
      779 SF

      Retail Space in Independence Center

      Retail spaces available for lease in a super-regional shopping mall.
      18801-18813 E 39Th St S, Independence, MO 64057
      View Details
    • Contact for pricing
      258,000 SF

      Available Warehouse/Distribution/Manufacturing Space

      Warehouse, distribution, and manufacturing space available for lease.
      1600 N State Rt 291, Independence, MO
      View Details
    • Contact for pricing
      11,842 SF

      Prime Independence Retail Investment

      High-traffic retail center, strong tenants.
      18680 East 39th St S, Independence, MO 64057
      View Details
    • Contact for pricing
      150,816 SF

      Prime Independence Center Space

      Massive Retail/Office/Industrial Space Available
      18777 39Th St, Independence, MO 64057
      View Details
    • $14 SF/Yr
      95,681 SF

      Independence Industrial Portfolio

      Seven Buildings, 95,681 SF Available
      625 Willis Ave, Independence, MO 64052
      View Details
    • Contact for pricing
      12,748 SF

      Prime Independence Industrial Space

      12,748 SF Flex Space - For Lease
      300 Main St, Independence, MO 64050
      View Details
    • Contact for pricing
      2,000 SF

      Retail Space Near Highway 291

      Retail space available near major retailers and medical center.
      19130 E 39Th St S D, Independence, MO 64057
      View Details
    • Contact for pricing
      2,228 SF

      Retail Space Near Highway 291

      Retail space available near major retailers and high-traffic areas.
      18800-19120 E 39Th St S, Independence, MO 64057
      View Details

    FAQs

    What type of property is this?
    Medical office - 2700 SF medical office with multiple exam/office rooms.
    Where is this medical office located?
    The property is located at 3800 S Elizabeth St Independence, MO.
    What is the lease rate?
    The lease rate is $19 SF/Yr.
    What are key features of this property?
    This property features: - 2700 sq ft of versatile space suitable for office or medical use.; - Six rooms adaptable as exam rooms or private offices.; - Large office connected to an exam room.
    (913) 213-9133 Call to check price and availability
    Request Owner's contact information
    3800 S Elizabeth St Independence, MO 64057
    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.
    3800 S Elizabeth St
    Independence, MO 64057
    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
    3800 S Elizabeth St Independence, MO 64057
    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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Darla Russell
    Darla Russell
    Real Estate License ID: 00239071
    (913) 213-9133 (913) 322-7500 (913) 906-5449
    Learn more
    Google sign-in failed. Please try again or use another login method.