Office
2311 Redwood Avenue, Independence, MO 64057
For Sale
Contact for pricing
The building dates to 1985 and is positioned at 2311 Redwood Avenue.
Property Size9,212 SF
Price / SF$259.99
Days on Market98
Property Features for 2311 Redwood Avenue
General Information
Standard status
Size
Property subtype
Net Operating Income
Site & Location
Neighborhood
Building Details
Year Built
Year Renovated
Tenancy
Listing Agency:
Opes Commercial Real Estate LLC
Listed By:
Nate Prather
Source:
Crexi
Added: Aug 5
Changed: Oct 26
Last Checked: Nov 8 at 7:40AM
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 Opes Commercial Real Estate LLC
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Investment Insights
Based on property information with market context.
This office building contains a stated property size of 9,212 and was constructed in 1985. The property is located at 2311 Redwood Avenue in Independence, Missouri 64057.
Key Highlights
- 9,212 stated property size
- Constructed in 1985
- 2311 Redwood Avenue, Independence, MO 64057
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$140,944
Cap Rate
5.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,818,880
$2.8M
Cap Rate 7%
$2,013,486
$2.0M
Cap Rate 9%
$1,566,044
$1.6M
Market Conditions
NOI Build-Up for 9,212 SF
Gross rent
$221.1K $24.00/SF
− Vacancy
−$33.2K −$3.60/SF
EGI
$187.9K $20.40/SF
− OpEx
−$47.0K −$5.10/SF
NOI
$140.9K $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 Rate 5%
$2,818,880
Cap Rate 7%
$2,013,486
Cap Rate 9%
$1,566,044
Alternative Uses
Best Use
Office B
$2.01M
$1.76M – $2.35M
NOI $140,944 @ 7.0% cap · market cap 5.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.72M
$2.38M – $3.18M
NOI $190,578 @ 7.0% cap · market cap 7.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
353
Businesses Nearby
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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
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Market
Properties on Market for Office buildings in Jackson County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - The building dates to 1985 and is positioned at 2311 Redwood Avenue.
Where is this office building located?
The property is located at 2311 Redwood Avenue Independence, MO.
What is the asking price?
The asking price for this property is $2,395,000.
What are key features of this property?
This property features: 9,212 stated property size; Constructed in 1985; 2311 Redwood Avenue, Independence, MO 64057
