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

    3500 S Sterling Ave Independence, MO 64052

    View on Map
    Loading data...
    Loading data...
    Loading data...
    Pending
    Contact for pricing

    All brick building in prime location with great visibility.

    Property size:
    1,508 SF
    Lot size:
    0.17 Acres

    Property Features for 3500 S Sterling Ave

    General Information

    Standard status
    Pending
    Size
    1,508 SF
    Lot size
    0.17 Acres

    Building Details

    Year built
    1960

    We can help!

    Listing Contact
    Nicki Thiessen
    Source: Exitrealty

    Listing Agency: Real Estate Professionals, LLC Listing Agent: Nicki Thiessen

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

    Learn more

    Overview

    Prime Location Brick Building

    This all-brick building, formerly a fire station, presents an opportunity for business owners seeking a location with high visibility. The property features a large garage, a bathroom, and two oversized spaces suitable for offices, storage, merchandise display, or workspace. The office is equipped with air conditioning, and both the office and garage have heating. The garage includes heavy-duty storage shelving and a tall overhead garage door opener. Both offices provide direct access to the garage. Paved parking is available to the south of the building. Exterior features include a built-in brick flower bed at the front entrance and signage facing the busy street. The building has a total size of 1508 square feet.
    Location Intelligence

    Current Use by Public Records

    Specialty properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Independence
    County
    Jackson
    State
    Missouri
    Longitude
    -94.4473244
    Latitude
    39.0583716

    Nearby Similar for Sale

    • $155,000
      2,184 SF

      Multi-Tenant Retail/Office Building For Sale

      Retail/office building with flexible layout, excellent access, and income potential.
      3305 S Blue Ridge Cut Off, Independence, MO 64055
      View Details
    • New
      $545,000
      0.37 Acres

      Fully Occupied Independence Corner Property

      High-visibility commercial property with diverse tenant mix in Independence, MO.
      11413-11417 E 23Rd St, Independence, MO 64052
      View Details
    • $425,000
      Pending

      Independence Duplex: Leased Investment Opportunity

      Well-maintained duplex in a desirable neighborhood, fully leased and ready!
      2829 Trenchard Dr, Independence, MO 64057
      View Details
    • $3,380,000
      1.27 Acres

      Turnkey Restaurant and Real Estate

      Fully operational restaurant with real estate, high visibility, easy access.
      19800 E Valley View Pkwy, Independence, MO 64057
      View Details
    • New
      $225,000
      Pending

      New Duplex in Tybrook Estates

      Modern 3-bedroom duplex built in 2022, convenient location.
      21111 E 8Th St S, Independence, MO 64056
      View Details
    • New
      $210,000
      Pending

      Turnkey Duplex in Independence, MO

      Turnkey duplex with recent upgrades and reliable tenants in place.
      524 E Walnut St, Independence, MO 64050
      View Details
    • New
      $274,900
      0.20 Acres

      Independence Tri-Plex Investor Opportunity

      Well-maintained, fully rented tri-plex in Independence, Missouri.
      1000 W Linden Ave, Independence, MO 64052
      View Details
    • New
      $1,199,000
      0.77 Acres

      Income-Producing Multifamily Property

      Strong cash flow with upside opportunity in Independence, Missouri.
      11601 E Us Highway 24, Independence, MO 64054
      View Details
    • New
      $265,000
      0.29 Acres

      Independence Duplex Investment Opportunity

      Side-by-side duplex in Independence School District with rental income.
      1611 S Claremont St, Independence, MO 64052
      View Details
    • New
      $200,000
      0.22 Acres

      Updated Duplex in Independence, MO

      Updated duplex with tenant, new roof scheduled, large lot.
      2004/2006 S Hawthorne Ave, Independence, MO 64052
      View Details
    • New
      $200,000
      0.19 Acres

      Turn-Key Duplex in High-Demand Area

      Duplex with reliable tenants and move-in ready unit.
      1313-1315 S Franklin Ave, Independence, MO 64052
      View Details
    • New
      $300,000
      Pending

      Updated Ranch Home in Independence

      Well-maintained ranch home with updated interiors and new HVAC system.
      3609 S Bolger Ct, Independence, MO 64055
      View Details

    FAQs

    What type of property is this?
    Specialty property - All brick building in prime location with great visibility.
    Where is this specialty property located?
    The property is located at 3500 S Sterling Ave Independence, MO.
    What are key features of this property?
    This property features: - Prime location with high visibility suitable for various business types.; - All-brick building offering durability and potential for customization.; - Large garage with tall overhead door and heavy-duty storage shelving.
    (816) 609-7000
    Request Owner's contact information
    3500 S Sterling Ave Independence, MO 64052
    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.
    3500 S Sterling Ave
    Independence, MO 64052
    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
    3500 S Sterling Ave Independence, MO 64052
    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!
    Listing Contact
    Nicki Thiessen
    Real Estate License ID: 2016016912
    (816) 609-7000
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!