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    420 SW Longview Blvd Lees Summit, MO 64081

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    For Sale
    $1,825,000

    Retail property with two tenants and long-term leases.

    Property size:
    4,925 SF
    Lot size:
    0.16 Acres

    Property Features for 420 SW Longview Blvd

    General Information

    Size
    4,925 SF
    Lot size
    0.16 Acres

    Source: NAI Heartland | Kansas City Agent Russell Pearson

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

    Overview

    Retail Investment Opportunity

    This retail property features two first-generation tenants with 10-year leases, of which approximately 9 to 10 years remain. The property generates a net operating income (NOI) of $125,052 and has a cap rate of 6.85%. The leases include annual rent increases of 2.5%. On-site management is provided.
    Insight Report Location Intelligence

    Current Use by Public Records

    Accurso Aesthetics Medical Spa

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Auto Repair Shop Clothing Store Hotel & Motel Pharmacy Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Lees Summit
    County
    Cass
    State
    Missouri
    Longitude
    -94.4496189
    Latitude
    38.9109925

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    FAQs

    What type of property is this?
    Strip mall - Retail property with two tenants and long-term leases.
    Where is this strip mall located?
    The property is located at 420 SW Longview Blvd 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); - Enjoy a solid investment with $125,052 NOI; - 6.85% Cap Rate
    (913) 362-1000
    Request Owner's contact information
    420 SW Longview Blvd Lees Summit, MO 64081
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    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
    420 SW Longview Blvd Lees Summit, MO 64081
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