Renovated Standalone Office
For Sale
Contact for pricing
307 E 23rd Street, Independence, MO 64055
C-2 space includes work areas, a break room, restrooms, and lower-level utility storage.
Property Size2,208 SF
Price / SF$1.13
Days on Market70
Property Features for 307 E 23rd Street
General Information
Standard status
Active
Size
2,208 SF
Property subtype
Office
Zoning
C-2
Site & Location
Neighborhood
Benton
Road Access
Yes
Additional Details
Condition
Newly Renovated
Amenities
Multiple office/work areas
kitchen/break room
restrooms
lower-level storage/utility space
existing freestanding pole sign
Building Details
Buildings
1
Listing Agency:
Platinum Realty LLC
(888) 220-0988
Listed By:
Derold Fletcher
(913) 201-8784
Source:
Legendaryapartmentbrokers
Added: Aug 21
Changed: Oct 28
Last Checked: Oct 28 at 3:59PM
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 Platinum Realty LLC
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Investment Insights
Based on property information with market context.
This 2,208-square-foot standalone office building has been renovated and contains multiple office or work areas, a kitchen and break room, and restrooms. Lower-level space provides storage and utility functions, and a freestanding pole sign is already in place. The C-2 property is suited to office, medical, retail, service, or light commercial use.
The building fronts a commercial corridor carrying approximately 14,385 vehicles per day. Noland Road and Lee's Summit Road are nearby, along with a gas station.
The building fronts a commercial corridor carrying approximately 14,385 vehicles per day. Noland Road and Lee's Summit Road are nearby, along with a gas station.
Key Highlights
- 2,208‑square‑foot standalone office building
- Renovated interior with multiple office or work areas
- C‑2 zoning; office, medical, retail, service, and light commercial uses noted
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,782
Suggested Prices Based on Cap Rates
Cap Rate 5%
$675,640
$675.6K
Cap Rate 7%
$482,600
$482.6K
Cap Rate 9%
$375,356
$375.4K
Market Conditions
NOI Build-Up for 2,208 SF
Gross rent
$53.0K $24.00/SF
− Vacancy
−$7.9K −$3.60/SF
EGI
$45.0K $20.40/SF
− OpEx
−$11.3K −$5.10/SF
NOI
$33.8K $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%
$675,640
Cap Rate 7%
$482,600
Cap Rate 9%
$375,356
Alternative Uses
Best Use
Office B
$482.6K
$422.3K – $563.0K
NOI $33,782 @ 7.0% cap · market cap 1,359.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$652.6K
$571.0K – $761.3K
NOI $45,679 @ 7.0% cap · market cap 1,838.19%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
372
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - C-2 space includes work areas, a break room, restrooms, and lower-level utility storage.
Where is this office building located?
The property is located at 307 E 23rd Street Independence, MO.
What are key features of this property?
This property features: 2,208‑square‑foot standalone office building; Renovated interior with multiple office or work areas; C‑2 zoning; office, medical, retail, service, and light commercial uses noted
