Retail Building Near Highway
For Sale
$1,400,000
959 SE Oldham Parkway, Lees Summit, MO 64081
Retail building on a 0.59-acre lot with highway-adjacent access and exterior updates, currently occupied.
Property Size5,800 SF
Lot Size0.59 Acres
Price / SF$241.38
Days on Market36
Property Features for 959 SE Oldham Parkway
General Information
Standard status
Active
Size
5,800 SF
Lot size
0.59 Acres
Property subtype
Commercial
Additional Details
Business Included
Yes
Highway Access
Yes
Listing Agency:
RE/MAX Heritage
(816) 587-2323
Listed By:
Chelbi Williamson
(816) 587-2323
Source:
Coloniallistings
Added: Jul 1
Changed: Jul 10
Last Checked: Jul 17 at 10:41AM
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 RE/MAX Heritage
Investment Insights
Based on property information with market context.
This for-sale retail building totals 5,800 square feet on a 0.59-acre lot. The exterior has been freshly painted, providing a clean, professional appearance. The property is currently occupied, offering an income-producing setup for a new owner.
Located just off Highway 50 in Lee’s Summit, the building benefits from convenient access and visibility from a heavily traveled corridor, supporting everyday customer traffic. Its positioning nearby major roadway access can be advantageous for retail users seeking straightforward arrival and clear exposure.
For buyers considering a retail investment, this asset offers a simple, single-building format with on-site occupancy already in place. The exterior condition update and highway-adjacent access make it practical for operators and investors looking for a property that can support continued retail use with minimal immediate exterior work. The current tenant occupancy may appeal to those seeking a more immediate transition into ownership while planning for the long term.
Located just off Highway 50 in Lee’s Summit, the building benefits from convenient access and visibility from a heavily traveled corridor, supporting everyday customer traffic. Its positioning nearby major roadway access can be advantageous for retail users seeking straightforward arrival and clear exposure.
For buyers considering a retail investment, this asset offers a simple, single-building format with on-site occupancy already in place. The exterior condition update and highway-adjacent access make it practical for operators and investors looking for a property that can support continued retail use with minimal immediate exterior work. The current tenant occupancy may appeal to those seeking a more immediate transition into ownership while planning for the long term.
Key Highlights
- 5,800 SF retail building on a 0.59‑acre lot in Lee's Summit
- Located just off Highway 50 with highway‑adjacent access
- Exterior freshly painted for an updated appearance
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $128.8k | $22.20 |
| − Vacancy | −$10.9k | −$1.89 |
| EGI | $117.8k | $20.31 |
| − OpEx | −$35.3k | −$6.09 |
| NOI | $82.5k | $14.22 |
5,800 SF · lease $22.20/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.18M
$1.03M – $1.37M
NOI $82,471 @ 7.0% cap · market cap 5.89%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.47M
$1.29M – $1.72M
NOI $103,043 @ 7.0% cap · market cap 7.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
581
Businesses Nearby
142k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 43%
Home Improvements & Furnishings 28%
Groceries 18%
Dining 8%
QuikTrip
Shops & Services
55,665 visits/mo
0.5 miles
The Home Depot
Home Improvements & Furnishings
40,308 visits/mo
0.4 miles
Aldi
Groceries
25,021 visits/mo
0.5 miles
Perkins Restaurant & Bakery
Dining
7,761 visits/mo
0.5 miles
LaMar's Donuts and Coffee
Dining
4,018 visits/mo
0.5 miles
Demographics for 64081, MO
24,903
Population
10,778
Households
2.3
Avg Household Size
43
Median Age
51%
College-Educated
98%
High-School Grad
13.0 sq mi
ZIP Area
1,916
Density / Sq Mi
$103,490
Median Household Income
$61,338
Median Earnings
$1,449
Median Rent
$333,400
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail building on a 0.59-acre lot with highway-adjacent access and exterior updates, currently occupied.
Where is this retail space located?
The property is located at 959 SE Oldham Parkway Lees Summit, MO.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 5,800 SF retail building on a 0.59‑acre lot in Lee's Summit; Located just off Highway 50 with highway‑adjacent access; Exterior freshly painted for an updated appearance
