Renovated Office Condo
For Sale
$145,000
1924 Copper Oaks Circle, Blue Springs, MO 64015
Renovated office condo with an open layout and kitchenette, located in Blue Springs’ Copper Oaks professional corridor.
Property Size1,000 SF
Price / SF$145
Days on Market35
Property Features for 1924 Copper Oaks Circle
General Information
Standard status
Active
Size
1,000 SF
Property subtype
Commercial
Zoning
Com
Taxes and HOA fees
Annual Taxes
$3,111
Amenities
kitchenette/break room
Building Details
Year Built
1988
Listing Agency:
1st Class Real Estate KC
(816) 919-0044
Listed By:
Alex Zachgo
Source:
Coloniallistings
Added: Jul 20
Changed: Aug 23
Last Checked: Aug 23 at 7:04AM
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 1st Class Real Estate KC
Investment Insights
Based on property information with market context.
A renovated office condo offering approximately 1,000 SF of flexible, open floor plan space designed for a variety of office layouts. The unit includes a kitchenette/break room and updates throughout, so the space is ready for furniture and immediate occupancy.
The property is located within Blue Springs’ established Copper Oaks professional corridor, positioning it among other office-oriented businesses.
This offering is suited to owner-users seeking a low-overhead alternative to leasing, and also to investors looking for a stabilized office asset.
The property is located within Blue Springs’ established Copper Oaks professional corridor, positioning it among other office-oriented businesses.
This offering is suited to owner-users seeking a low-overhead alternative to leasing, and also to investors looking for a stabilized office asset.
Key Highlights
- 1,000 SF renovated office condo in Blue Springs’ Copper Oaks professional corridor
- Open floor plan provides a flexible layout for business needs
- Includes a kitchenette/break room
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
$11,553
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
7.97%
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%
$231,060
$231.1K
Cap Rate 7%
$165,043
$165.0K
Cap Rate 9%
$128,367
$128.4K
Market Conditions
NOI Build-Up for 1,000 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
$18.4K $18.36/SF
− Vacancy
−$3.0K −$2.96/SF
EGI
$15.4K $15.40/SF
− OpEx
−$3.9K −$3.85/SF
NOI
$11.6K $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%
$231,060
Cap Rate 7%
$165,043
Cap Rate 9%
$128,367
Alternative Uses
Best Use
Office B
$165.0K
$144.4K – $192.6K
NOI $11,553 @ 7.0% cap · market cap 7.97%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$263.0K
$230.1K – $306.8K
NOI $18,410 @ 7.0% cap · market cap 12.70%
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
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Renovated office condo with an open layout and kitchenette, located in Blue Springs’ Copper Oaks professional corridor.
Where is this office units located?
The property is located at 1924 Copper Oaks Circle Blue Springs, MO.
What is the asking price?
The asking price for this property is $145,000.
What are key features of this property?
This property features: 1,000 SF renovated office condo in Blue Springs’ Copper Oaks professional corridor; Open floor plan provides a flexible layout for business needs; Includes a kitchenette/break room
