Office Building with
1600 SW Market Street, Lees Summit, MO 64081
For Sale
$1,350,000
Commercial Sale, Lee's Summit, MO
Property Size10,848 SF
Lot Size1.60 Acres
Price / SF$124.45
Days on Market229
Property Features for 1600 SW Market Street
General Information
Property type
Property subtype
Zoning
Parking features
Directions
Subdivision
Standard status
APN
Lot size
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Amenities
conference rooms
full kitchen
Building Details
Year built
Floors in Building
Listing Agency:
RE/MAX Innovations · RE/MAX International
(816) 454-6540
Listed By:
Robin Clark · License MO #2003019739
(816) 200-6513
Added: Mar 26
Changed: Oct 16
Last Checked: Nov 9 at 7:06PM
MLS# 2609477
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.
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Investment Insights
Based on property information with market context.
This office property at 1600 SW Market Street includes 17 private offices, six full bathrooms, multiple conference rooms, a showroom, warehouse area, full kitchen, and substantial storage. The layout also includes a lower level and an expansive rear portion of the site. Paved parking supports the building, while water is available at the property. Built in 1950, the asset is zoned COMM and sits on approximately 1.6 acres.
The property is located in Lee's Summit, Missouri, near the Highway 50 and 291 interchange. Its stated configuration supports a range of commercial formats, including headquarters, professional or medical offices, educational and training operations, engineering firms, financial services, and multi-tenant occupancy.
The property is located in Lee's Summit, Missouri, near the Highway 50 and 291 interchange. Its stated configuration supports a range of commercial formats, including headquarters, professional or medical offices, educational and training operations, engineering firms, financial services, and multi-tenant occupancy.
Key Highlights
- Approximately 1.6 acres in Lee's Summit, MO
- 17 private offices and 6 full bathrooms
- Showroom, warehouse area, kitchen, storage, and multiple conference rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$114,669
Cap Rate
8.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,293,380
$2.3M
Cap Rate 7%
$1,638,129
$1.6M
Cap Rate 9%
$1,274,100
$1.3M
Market Conditions
NOI Build-Up for 10,848 SF
Gross rent
$188.8K $17.40/SF
− Vacancy
−$35.9K −$3.31/SF
EGI
$152.9K $14.09/SF
− OpEx
−$38.2K −$3.52/SF
NOI
$114.7K $10.57/SF
Area
Lees Summit, MO
Vacancy
19.00%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,293,380
Cap Rate 7%
$1,638,129
Cap Rate 9%
$1,274,100
Alternative Uses
Best Use
Flex RnD
$1.79M
$1.57M – $2.09M
NOI $125,229 @ 7.0% cap · market cap 9.28%
Second Best
Office B
$1.64M
$1.43M – $1.91M
NOI $114,669 @ 7.0% cap · market cap 8.49%
Theoretical Best
Specialty Retail
$2.75M
$2.41M – $3.21M
NOI $192,726 @ 7.0% cap · market cap 14.28%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
255
Businesses Nearby
Explore this area
Business Placement
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
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Market
Properties on Market for Office buildings in Jackson County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Commercially zoned property combines private offices, warehouse space, conference rooms, and paved parking.
Where is this office building located?
The property is located at 1600 SW Market Street Lees Summit, MO.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Approximately 1.6 acres in Lee's Summit, MO; 17 private offices and 6 full bathrooms; Showroom, warehouse area, kitchen, storage, and multiple conference rooms
