Retail Space with Exterior
For Sale
Contact for pricing
213 N Madison Street, Raymore, MO 64083
A dedicated delivery door supports receiving and day-to-day retail operations.
Property Size5,400 SF
Lot Size0.44 Acres
Price / SF$0.00
Days on Market25
Property Features for 213 N Madison Street
General Information
Standard status
Active
Size
5,400 SF
Lot size
0.44 Acres
Property subtype
Retail
Additional Details
Pylon Signage
Yes
Building Details
Year Built
1983
Listing Agency:
RE/MAX Heritage
(816) 783-5800
Listed By:
Steele Chamberlain · License #2016039889
(816) 935-0219
Source:
Legendaryapartmentbrokers
Added: Oct 8
Changed: Oct 29
Last Checked: Oct 29 at 2:45PM
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 RE/MAX Heritage
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Investment Insights
Based on property information with market context.
Located at 213 N Madison Street in Raymore, Missouri, this retail property contains 5,400 square feet and was built in 1983. The interior includes a private restroom, and the site measures 0.44 acres (19,210 square feet).
Exterior features include a building sign and a pole sign. A dedicated delivery door provides access for deliveries. The property is situated along Madison Street.
Exterior features include a building sign and a pole sign. A dedicated delivery door provides access for deliveries. The property is situated along Madison Street.
Key Highlights
- 5,400‑square‑foot retail space
- 0.44‑acre lot (19,210 square feet)
- Built in 1983
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,581
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,051,620
$1.1M
Cap Rate 7%
$751,157
$751.2K
Cap Rate 9%
$584,233
$584.2K
Market Conditions
NOI Build-Up for 5,400 SF
Gross rent
$77.8K $14.40/SF
− Vacancy
−$2.6K −$0.49/SF
EGI
$75.1K $13.91/SF
− OpEx
−$22.5K −$4.17/SF
NOI
$52.6K $9.74/SF
Area
Cass County, MO
Vacancy
3.40%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,051,620
Cap Rate 7%
$751,157
Cap Rate 9%
$584,233
Alternative Uses
Best Use
Retail
$751.2K
$657.3K – $876.4K
NOI $52,581 @ 7.0% cap · market cap 525,810.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.22M
$1.07M – $1.42M
NOI $85,225 @ 7.0% cap · market cap 852,250.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Current Use
Location Intelligence
Trade Area within ½ mile
413
Businesses Nearby
34k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 70%
Dining 30%
Casey's General Store
Shops & Services
10,570 visits/mo
0.1 miles
SONIC Drive In
Dining
10,202 visits/mo
0.2 miles
Dollar General
Shops & Services
7,593 visits/mo
0.1 miles
Conoco
Shops & Services
3,058 visits/mo
0.1 miles
O'Reilly Auto Parts
Shops & Services
2,704 visits/mo
0.1 miles
Demographics for 64083, MO
24,945
Population
10,058
Households
2.5
Avg Household Size
40
Median Age
37%
College-Educated
95%
High-School Grad
25.7 sq mi
ZIP Area
971
Density / Sq Mi
$99,575
Median Household Income
$53,042
Median Earnings
$1,262
Median Rent
$316,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - A dedicated delivery door supports receiving and day-to-day retail operations.
Where is this retail space located?
The property is located at 213 N Madison Street Raymore, MO.
What are key features of this property?
This property features: 5,400‑square‑foot retail space; 0.44‑acre lot (19,210 square feet); Built in 1983
