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

    12195 Blue Ridge Ext Grandview, MO

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Former Hardee's on Blue Ridge Blvd in Grandview, Missouri.

    Type:RETAIL
    Property size:
    2,944 SF
    Lot size:
    1.04 Acres
    Price / SF:
    $662/SF
    Added:
    May 31, 2024
    Days on Market:
    699
    Last Refresh:
    Apr 5 at 10:56 pm

    Property Features for 12195 Blue Ridge Ext

    General Information

    Standard status
    Active
    Size
    2,944 SF
    Lot size
    1.04 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Brad Deerr
    Brad Deerr

    Listing agent Brad Deerr License #KS:00241363,MO:2018021348

    Listing office Marcus & Millichap | Kansas City

    Listing date May 31, 2024

    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 Marcus & Millichap | Kansas City

    Overview

    Former Restaurant Redevelopment Opportunity

    The subject property, formerly a single-tenant Hardee’s, is located on Blue Ridge Boulevard in Grandview, Missouri. It presents a redevelopment opportunity with direct frontage on this main arterial, which experiences average daily traffic counts exceeding 14,565 vehicles per day. The property is part of Truman’s Marketplace, a 52-acre regional power center anchored by Ross, TJ Maxx, and Petco, along with numerous other retailers. The property offers excellent visibility and quick access to Interstate 49. It is situated less than 15 miles from Kansas City, Missouri. The property size is 2,944 square feet.
    Location Intelligence

    Current Use by Public Records

    Drive through restaurants

    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
    -94.5305
    Latitude
    38.9022

    Nearby Similar for Sale

    • $725,000

      Highway Frontage Commercial Property

      One-acre commercial property with office and highway frontage.
      13130 S US Hwy 71, Grandview, MO 64030
      View Details
    • $365,000

      Turnkey Duplex Investment Opportunity

      Well-maintained duplex in Grandview, MO, generating immediate cash flow.
      7820 E 130Th Court, Grandview, MO 64030
      View Details
    • $700,000

      Grandview Commercial Space on Blue Ridge

      Commercial space in Grandview, high visibility, high traffic exposure.
      12300 Blue Ridge Extension, Grandview, MO 64030
      View Details
    • $174,900

      Established Automotive Business Opportunity

      Turnkey automotive service business for sale in Grandview, Missouri.
      12109 Merritt, Grandview, MO 64030
      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
    • 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
    • $4,950
      4,800 SF

      Industrial Building with Fenced Yard

      4,800 SF industrial building with office and fenced yard.
      12604 6th Street, Grandview, MO 64030
      View Details
    • $5,804,195
      14,490 SF

      Retail Property in Grandview, MO

      Retail property available for sale in Grandview, Missouri.
      1515 Main St, Grandview, MO
      View Details
    • $995,000
      12,800 SF

      Grandview Retail Strip Center

      Retail center for sale in high-traffic Grandview location.
      12138 Blue Ridge Blvd, Grandview, MO 64030
      View Details
    • Contact for pricing
      309,050 SF

      Grocery-Anchored Retail Center For Sale

      Dominant shopping hub with strong tenants and future development potential.
      12220 15 Street, Grandview, MO
      View Details
    • $2,381,000
      3,228 SF

      Retail NNN Ground Lease

      Retail property with 5.25% CAP rate in Kansas City.
      12424 US-71, Grandview, MO 64030
      View Details
    • $1,750,000
      12,000 SF

      Retail Property on S 71

      Retail property with high visibility and large parking lot.
      12414 S US Hwy 71, Grandview, MO
      View Details

    FAQs

    What type of property is this?
    Drive through restaurant - Former Hardee's on Blue Ridge Blvd in Grandview, Missouri.
    Where is this drive through restaurant located?
    The property is located at 12195 Blue Ridge Ext Grandview, MO.
    What is the asking price?
    The asking price for this property is $1,950,000.
    What are key features of this property?
    This property features: Redevelopment opportunity on Blue Ridge Boulevard.; Located within Truman’s Marketplace, a 52‑acre regional power center.; High traffic counts: over 14,565 vehicles per day.
    (816) 410-1010 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Brad Deerr
    Brad Deerr
    Real Estate License ID: KS:00241363,MO:2018021348
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!