Renovated Multi-Story Office
For Sale
Contact for pricing
201 E PARTRIDGE AVE, Independence, MO 64055
Renovated office property combines leased occupancy with shell space and a Class A floor ready for occupancy.
Property Size15,626 SF
Lot Size1.26 Acres
Price / SF$166.39
Days on Market14
Property Features for 201 E PARTRIDGE AVE
General Information
Standard status
Active
Size
15,626 SF
Total Parking Spaces
60
Lot size
1.26 Acres
Property subtype
Office
Occupancy
50%
Lease Type
NNN
Building Details
Year Built
1986
Year Renovated
2021
Buildings
1
Stories
3
Units
4
Tenancy
Multi
Parking Ratio
4 per 1,000 SF
Listing Agency:
Haith & Company Realtors
(913) 888-3456
Listed By:
Josh Haith · License #2011012354
Source:
Crexi
Added: Jul 24
Changed: Aug 5
Last Checked: Aug 6 at 3:49AM
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 Haith & Company Realtors
Investment Insights
Based on property information with market context.
This four-floor office building was constructed in 1986 and underwent extensive renovations completed in 2021. Each floor contains 7,575 SF, including common areas. The third floor is available for lease as shell space, while the fourth floor is finished to Class A office standards and ready for occupancy.
The property occupies a 1.26 +/- acre lot at 201 E Partridge Avenue in Independence, Missouri, with a parking ratio of 4.0 / 1,000. The building is 50% leased through January 31, 2027, providing an existing occupancy component alongside available office space.
The property occupies a 1.26 +/- acre lot at 201 E Partridge Avenue in Independence, Missouri, with a parking ratio of 4.0 / 1,000. The building is 50% leased through January 31, 2027, providing an existing occupancy component alongside available office space.
Key Highlights
- Four‑floor office building with 7,575 SF per floor, including common areas
- 1.26 +/- acre lot at 201 E Partridge Avenue, Independence, MO
- Extensive renovations completed in 2021; original construction dates to 1986
Financial Insights For Office B
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 | $375.0k | $24.00 |
| − Vacancy | −$56.3k | −$3.60 |
| EGI | $318.8k | $20.40 |
| − OpEx | −$79.7k | −$5.10 |
| NOI | $239.1k | $15.30 |
15,626 SF · lease $24.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.42M
$2.99M – $3.98M
NOI $239,078 @ 7.0% cap · market cap 9.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.62M
$4.04M – $5.39M
NOI $323,271 @ 7.0% cap · market cap 12.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
50%
Occupancy
Location Intelligence
Trade Area within ½ mile
278
Businesses Nearby
Explore this area
Business Placement
Demographics for 64055, MO
36,225
Population
16,900
Households
2.1
Avg Household Size
44
Median Age
24%
College-Educated
93%
High-School Grad
12.5 sq mi
ZIP Area
2,898
Density / Sq Mi
$64,646
Median Household Income
$42,121
Median Earnings
$1,098
Median Rent
$173,400
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?
Office building - Renovated office property combines leased occupancy with shell space and a Class A floor ready for occupancy.
Where is this office building located?
The property is located at 201 E PARTRIDGE AVE Independence, MO.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: Four‑floor office building with 7,575 SF per floor, including common areas; 1.26 +/- acre lot at 201 E Partridge Avenue, Independence, MO; Extensive renovations completed in 2021; original construction dates to 1986
