Commercial Land With Existing
For Sale
$700,000
12300 Blue Ridge Extension, Grandview, MO 64030
COMMERCIAL - Grandview, MO
Property Size6,542 SF
Lot Size1.37 Acres
Price / SF$107
Days on Market626
Property Features for 12300 Blue Ridge Extension
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C
Parking features
Parking Lot
Directions
From I-49, Take Blue Ridge Blvd/Blue Ridge Ext to the west. Location will be on your right.
Subdivision
203 - South K.C. Mo/Grandview Area
Standard status
Active
APN
64-810-02-20-00-0-00-000
Lot size
1.37 Acres
Taxes and HOA fees
Tax Description
TRUMANS BLUE RIDGE HGTS LOTS 5, & 6 (EX S 6.44 ')
Tax Annual Amount
20922
Legal Description
TRUMANS BLUE RIDGE HGTS LOTS 5, & 6 (EX S 6.44 ')
Utilities
Utilities
Water Available
Building Details
Year built
1987
Floors in Building
1
Listing Agency:
Real Broker, LLC
(785) 329-9077
Listed By:
Melissa Rousselo · License #SP00233585
(816) 830-4336
Added: Dec 7, 2024
Changed: Aug 4
Last Checked: Aug 25 at 7:06PM
MLS# 2522508
Copyright © 2026 Heartland Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1.37-acre commercial property includes an existing building constructed in 1987 that is down to the studs, allowing the interior to be reworked for a new project. The site is zoned C and has water available. A large parking lot accommodates about 100 vehicles, with access points at both the front and rear of the property.
The property is located at 12300 Blue Ridge Extension in Grandview, Missouri. Its existing improvements and open interior condition provide a physical starting point for redevelopment, while the available parking and dual entrances support practical site access.
The property is located at 12300 Blue Ridge Extension in Grandview, Missouri. Its existing improvements and open interior condition provide a physical starting point for redevelopment, while the available parking and dual entrances support practical site access.
Key Highlights
- 1.37‑acre commercial land parcel in Grandview, MO
- Existing 6,542 sqft building is down to the studs
- C zoning with water available
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$63,306
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.04%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,266,120
$1.3M
Cap Rate 7%
$904,371
$904.4K
Cap Rate 9%
$703,400
$703.4K
Market Conditions
NOI Build-Up for 6,542 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$94.2K $14.40/SF
− Vacancy
−$3.8K −$0.58/SF
EGI
$90.4K $13.82/SF
− OpEx
−$27.1K −$4.15/SF
NOI
$63.3K $9.68/SF
Area
Jackson County, MO
Vacancy
4.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,266,120
Cap Rate 7%
$904,371
Cap Rate 9%
$703,400
Alternative Uses
Best Use
Retail
$904.4K
$791.3K – $1.06M
NOI $63,306 @ 7.0% cap · market cap 9.04%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.72M
$1.51M – $2.01M
NOI $120,441 @ 7.0% cap · market cap 17.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
607
Businesses Nearby
187k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 57%
Shops & Services 26%
Apparel 14%
Home Improvements & Furnishings 2%
McDonald's
Dining
23,892 visits/mo
0.2 miles
Burlington
Apparel
22,412 visits/mo
0.3 miles
Whataburger
Dining
15,665 visits/mo
0.4 miles
Chipotle Mexican Grill
Dining
13,921 visits/mo
0.4 miles
Dutch Bros. Coffee
Dining
10,898 visits/mo
0.2 miles
Demographics for 64030, MO
26,154
Population
11,869
Households
2.2
Avg Household Size
35
Median Age
24%
College-Educated
89%
High-School Grad
14.5 sq mi
ZIP Area
1,804
Density / Sq Mi
$53,207
Median Household Income
$37,600
Median Earnings
$1,003
Median Rent
$171,700
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial land - C-zoned commercial land includes a partially built-out structure and water availability for redevelopment planning.
Where is this commercial land located?
The property is located at 12300 Blue Ridge Extension Grandview, MO.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: 1.37‑acre commercial land parcel in Grandview, MO; Existing 6,542 sqft building is down to the studs; C zoning with water available
