Medical/Office Space For
For Sale
$4,000,000
1741 NE Douglas St Lee's, Lees Summit, MO 64086
Commercial real estate suitable for medical or office use.
Property Size17,307 SF
Days on Market94
Property Features for 1741 NE Douglas St Lee's
General Information
Standard status
Active
Size
17,307 SF
Property subtype
8/17/2026
Building Details
Building Size
17,307 SF
Year Built
2026
Listing Agency:
Cushman & Wakefield - Kansas City, Missouri
(816) 412-0271
Listed By:
Suzanne Dimmel
(816) 412-0271
Source:
Cushmanwakefield
Added: May 21
Changed: Aug 21
Last Checked: Aug 20 at 5:00AM
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 Cushman & Wakefield - Kansas City, Missouri
Investment Insights
Based on property information with market context.
This commercial real estate is suitable for medical or office space. The property is available for sale.
Key Highlights
- Suitable for medical or office use.
- Commercial real estate opportunity.
- New Construction: Built in 2026.
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
$208,349
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
5.21%
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%
$4,166,980
$4.2M
Cap Rate 7%
$2,976,414
$3.0M
Cap Rate 9%
$2,314,989
$2.3M
Market Conditions
NOI Build-Up for 17,307 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
$394.6K $22.80/SF
− Vacancy
−$47.4K −$2.74/SF
EGI
$347.2K $20.06/SF
− OpEx
−$138.9K −$8.03/SF
NOI
$208.3K $12.04/SF
Area
Lees Summit, MO
Vacancy
12.00%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
40.00%
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%
$4,166,980
Cap Rate 7%
$2,976,414
Cap Rate 9%
$2,314,989
Alternative Uses
Best Use
Healthcare Medical
$2.98M
$2.60M – $3.47M
NOI $208,349 @ 7.0% cap · market cap 5.21%
Second Best
Office B
$2.61M
$2.29M – $3.05M
NOI $182,944 @ 7.0% cap · market cap 4.57%
Theoretical Best
Specialty Retail
$4.39M
$3.84M – $5.12M
NOI $307,476 @ 7.0% cap · market cap 7.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
851
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 64086, MO
23,957
Population
9,992
Households
2.4
Avg Household Size
38
Median Age
49%
College-Educated
96%
High-School Grad
37.8 sq mi
ZIP Area
634
Density / Sq Mi
$107,098
Median Household Income
$56,470
Median Earnings
$1,417
Median Rent
$288,400
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?
Medical Office Space - Commercial real estate suitable for medical or office use.
Where is this medical office space located?
The property is located at 1741 NE Douglas St Lee's Lees Summit, MO.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: Suitable for medical or office use.; Commercial real estate opportunity.; New Construction: Built in 2026.
