Prime Commercial Location Near
For Sale
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20101 E JACKSON Drive, Independence, MO 64057
Strategic location with easy highway access and high visibility.
Property Size16,086 SF
Price / SF$196.05
Days on Market540
Property Features for 20101 E JACKSON Drive
General Information
Standard status
Active
Size
16,086 SF
Class
B
Property subtype
Office
Zoning
O-1
Building Details
Year Built
2002
Listing Agency:
Platinum Realty
(816) 808-4894
Listed By:
Samantha Zellmer · License #MO 2020030766 KS 00245623
Source:
Crexi
Added: Feb 18, 2025
Changed: Aug 8
Last Checked: Jul 21 at 10:36AM
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 Platinum Realty
Investment Insights
Based on property information with market context.
This property benefits from a strategic location just north of Interstate 70, situated one mile east of the I-70/I-470 interchange. The Little Blue Parkway exit ramp provides convenient highway access for businesses and customers. The surrounding area is a well-established commercial hub, initially anchored by the Independence Center shopping district. Major retailers, including a home supply store, sporting goods store, and a big box store, are located within 1.5 miles and are accessible without using the interstate. To the west, the Independence Events Center, opened in 2009, hosts over 100 event days annually, featuring minor league hockey and soccer games, concerts, trade shows, and community events. The venue also includes an indoor public ice rink and dedicated parking, which contributes to consistent foot traffic in the area. The I-70 and Little Blue Parkway corridor is characterized by a dynamic mix of residential and commercial growth, attracting residents from Independence and Kansas City, as well as the suburbs of Blue Springs and Grain Valley. Furthermore, I-470 offers seamless access to Lee’s Summit and other affluent communities in southern Jackson County, enhancing the area’s economic vitality. The property is suitable for businesses aiming to capitalize on a high-traffic, high-visibility environment with strong retail and entertainment anchors. The property size is 16086 square feet.
Key Highlights
- Strategic location with immediate access to I‑70 and I‑470 via Little Blue Parkway.
- Situated in a well‑established and growing commercial hub.
- Proximity to major retailers (home supply, sporting goods, big box, entertainment) within 1.5 miles.
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
$246,116
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
7.80%
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%
$4,922,320
$4.9M
Cap Rate 7%
$3,515,943
$3.5M
Cap Rate 9%
$2,734,622
$2.7M
Market Conditions
NOI Build-Up for 16,086 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
$386.1K $24.00/SF
− Vacancy
−$57.9K −$3.60/SF
EGI
$328.2K $20.40/SF
− OpEx
−$82.0K −$5.10/SF
NOI
$246.1K $15.30/SF
Area
Independence, MO
Vacancy
15.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
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%
$4,922,320
Cap Rate 7%
$3,515,943
Cap Rate 9%
$2,734,622
Alternative Uses
Best Use
Office B
$3.52M
$3.08M – $4.10M
NOI $246,116 @ 7.0% cap · market cap 7.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.75M
$4.16M – $5.55M
NOI $332,787 @ 7.0% cap · market cap 10.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
679
Businesses Nearby
Explore this area
Business Placement
Demographics for 64057, MO
14,830
Population
6,652
Households
2.2
Avg Household Size
44
Median Age
29%
College-Educated
94%
High-School Grad
14.7 sq mi
ZIP Area
1,009
Density / Sq Mi
$71,441
Median Household Income
$44,391
Median Earnings
$1,139
Median Rent
$235,700
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Strategic location with easy highway access and high visibility.
Where is this office building located?
The property is located at 20101 E JACKSON Drive Independence, MO.
What is the asking price?
The asking price for this property is $3,153,694.
What are key features of this property?
This property features: Strategic location with immediate access to I‑70 and I‑470 via Little Blue Parkway.; Situated in a well‑established and growing commercial hub.; Proximity to major retailers (home supply, sporting goods, big box, entertainment) within 1.5 miles.
