Single-Story Office
For Sale
$3,100,000
20101 E JACKSON Drive, Independence, MO 64057
Commercial Sale, Independence, MO
Property Size16,086 SF
Lot Size1.60 Acres
Price / SF$192.71
Days on Market161
Property Features for 20101 E JACKSON Drive
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
C-2
Parking features
Parking Lot
Directions
From I 70, Take Exit 17 toward Little Blue Parkway/39th St/ Mall Entrance. Turn Right onto S little Blue Parkway. Turn Left onto E Jackson Drive, in .2 miles turn Left into property.
Subdivision
206 - Independence Area
Standard status
Active
APN
34-100-03-32-00-0-00-000
Lot size
1.60 Acres
Taxes and HOA fees
Tax Annual Amount
53000
Utilities
Utilities
Water Available
Amenities
interior courtyard
monument signage
Building Details
Year built
2002
Floors in Building
1
Listing Agency:
Platinum Realty LLC
(888) 220-0988
Listed By:
Jolene Desmond · License #2018017027
(816) 808-4894
Added: Mar 13
Changed: Aug 19
Last Checked: Aug 20 at 11:06AM
MLS# 2607061
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.
Investment Insights
Based on property information with market context.
Built in 2002, this single-story brick office building sits on 1.6 acres and includes an interior courtyard, monument signage, a sprinkler system, and a parking lot. The property is zoned C-2 and has water available. Medical service-related tenants occupy 6,980 square feet through 2027 and 2028, with options to renew. Another 9,106 square feet is vacant and available for an owner occupant or lease-up, subject to the stated re-tenancy condition.
The property is located at 20101 E Jackson Drive in Independence, Missouri, just north of Interstate 70 with freeway visibility. Major retail and entertainment destinations are within 1.5 miles, while the Independence Events Center is west of the property. I-470 provides access toward Lee’s Summit and southern Jackson County. Capital improvements include HVAC installed in 2020, a 50-year slate roof completed in 2022, new hot water heaters from 2022, and a resurfaced parking lot completed in 2022.
The property is located at 20101 E Jackson Drive in Independence, Missouri, just north of Interstate 70 with freeway visibility. Major retail and entertainment destinations are within 1.5 miles, while the Independence Events Center is west of the property. I-470 provides access toward Lee’s Summit and southern Jackson County. Capital improvements include HVAC installed in 2020, a 50-year slate roof completed in 2022, new hot water heaters from 2022, and a resurfaced parking lot completed in 2022.
Key Highlights
- 6,980 SF occupied by medical service‑related tenants through 2027 and 2028, with options to renew
- 9,106 SF vacant for an owner occupant or lease‑up, subject to the stated re‑tenancy condition
- 1.6‑acre office property zoned C‑2
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
$246,116
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
7.94%
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%
$4,922,320
$4.9M
Cap Rate 7%
$3,515,943
$3.5M
Cap Rate 9%
$2,734,622
$2.7M
Market Conditions
NOI Build-Up for 16,086 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
$386.1K $24.00/SF
− Vacancy
−$57.9K −$3.60/SF
EGI
$328.2K $20.40/SF
− OpEx
−$82.0K −$5.10/SF
NOI
$246.1K $15.30/SF
Area
Independence, MO
Vacancy
15.00%
Lease Rate
$24.00 /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%
$4,922,320
Cap Rate 7%
$3,515,943
Cap Rate 9%
$2,734,622
Alternative Uses
Best Use
Office B
$3.52M
$3.08M – $4.10M
NOI $246,116 @ 7.0% cap · market cap 7.94%
Second Best
Healthcare Medical
$3.39M
$2.96M – $3.95M
NOI $236,966 @ 7.0% cap · market cap 7.64%
Theoretical Best
Office A
$4.75M
$4.16M – $5.55M
NOI $332,787 @ 7.0% cap · market cap 10.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Sprinkler system
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
427
Businesses Nearby
Explore this area
Business Placement
Demographics for 64057, MO
14,830
Population
6,652
Households
2.2
Avg Household Size
44
Median Age
29%
College-Educated
94%
High-School Grad
14.7 sq mi
ZIP Area
1,009
Density / Sq Mi
$71,441
Median Household Income
$44,391
Median Earnings
$1,139
Median Rent
$235,700
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 - C-2-zoned office property with medical service occupancy, available space, and direct visibility from I-70.
Where is this office building located?
The property is located at 20101 E JACKSON Drive Independence, MO.
What is the asking price?
The asking price for this property is $3,100,000.
What are key features of this property?
This property features: 6,980 SF occupied by medical service‑related tenants through 2027 and 2028, with options to renew; 9,106 SF vacant for an owner occupant or lease‑up, subject to the stated re‑tenancy condition; 1.6‑acre office property zoned C‑2
