Versatile Medical/Office Space
For Sale
$525,000
Pending
1900 NW Copper Oaks Circle, Blue Springs, MO 64015
Adaptable space suitable for medical or general office use.
Property Size4,000 SF
Lot Size0.08 Acres
Days on Market873
Property Features for 1900 NW Copper Oaks Circle
General Information
Standard status
Pending
Size
4,000 SF
Lot size
0.08 Acres
Property subtype
Commercial/Industrial
Taxes and HOA fees
Annual Taxes
$9,816
Building Details
Year Built
1987
Listing Agency:
Sutton-Sound Realty
(519) 377-7534
Listed By:
MIKE SMITH · License #2016037946
(519) 377-7534
Source:
Exitrealty
Added: Mar 22, 2024
Changed: Aug 8
Last Checked: Jul 23 at 4:40AM
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 Sutton-Sound Realty
Investment Insights
Based on property information with market context.
This 4,000-square-foot space offers flexibility for various businesses, previously used as a medical spa and medical office. The property features numerous office spaces and conference rooms. Higher-end finishes include Venetian plastered walls and tiled floors throughout. Ample parking is available for both clients and employees.
Key Highlights
- Flexible space suitable for various businesses (previously medical spa/office).
- Numerous office spaces and conference rooms.
- Ample parking for clients and employees.
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
$46,212
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
8.80%
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%
$924,240
$924.2K
Cap Rate 7%
$660,171
$660.2K
Cap Rate 9%
$513,467
$513.5K
Market Conditions
NOI Build-Up for 4,000 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
$73.4K $18.36/SF
− Vacancy
−$11.8K −$2.96/SF
EGI
$61.6K $15.40/SF
− OpEx
−$15.4K −$3.85/SF
NOI
$46.2K $11.55/SF
Area
Jackson County, MO
Vacancy
16.10%
Lease Rate
$18.36 /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%
$924,240
Cap Rate 7%
$660,171
Cap Rate 9%
$513,467
Alternative Uses
Best Use
Office B
$660.2K
$577.7K – $770.2K
NOI $46,212 @ 7.0% cap · market cap 8.80%
Second Best
Healthcare Medical
$130.3K
$114.1K – $152.1K
NOI $9,124 @ 7.0% cap · market cap 1.74%
Theoretical Best
Warehouse
$1.05M
$920.5K – $1.23M
NOI $73,642 @ 7.0% cap · market cap 14.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
623
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 64015, MO
33,063
Population
13,147
Households
2.5
Avg Household Size
39
Median Age
34%
College-Educated
96%
High-School Grad
19.6 sq mi
ZIP Area
1,687
Density / Sq Mi
$81,242
Median Household Income
$51,065
Median Earnings
$1,148
Median Rent
$249,500
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 - Adaptable space suitable for medical or general office use.
Where is this medical office space located?
The property is located at 1900 NW Copper Oaks Circle Blue Springs, MO.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Flexible space suitable for various businesses (previously medical spa/office).; Numerous office spaces and conference rooms.; Ample parking for clients and employees.
