Freestanding Office
For Sale
$4,250,000
3171 Carnegie Drive, Lees Summit, MO 64064
For sale office building at 3171 NE Carnegie Dr in Lee's Summit, MO, in Jackson County.
Property Size15,000 SF
Days on Market79
Property Features for 3171 Carnegie Drive
General Information
Standard status
Active
Size
15,000 SF
Zoning
Office
Taxes and HOA fees
Annual Taxes
$62,213
Amenities
Parking Lot
Building Details
Building Size
15,000 SF
Year Built
2007
Stories
2
Listing Agency:
Peak Real Estate Partners, LLC
Listed By:
Nicholas Ambrosio
(913) 439-9332
Source:
Evrealestate
Added: Jun 19
Changed: Aug 24
Last Checked: Sep 4 at 4:47AM
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 Peak Real Estate Partners, LLC
Investment Insights
Based on property information with market context.
This freestanding office building is offered for sale at 3171 NE Carnegie Dr in Lee’s Summit, Missouri. The property is categorized as an office building and office space within the provided listing information.
Access directions noted include taking I-470 E to the 83rd St/NE Strother Rd area in Lee’s Summit and taking exit 11 from I-470 E. From there, continue on 83rd St/NE Strother Rd to the destination at 3171 NE Carnegie Dr.
Further interior layout, size, and condition details are not provided in the supplied information, so interested parties should request the full offering package for specifics on the building’s configuration and improvements.
Access directions noted include taking I-470 E to the 83rd St/NE Strother Rd area in Lee’s Summit and taking exit 11 from I-470 E. From there, continue on 83rd St/NE Strother Rd to the destination at 3171 NE Carnegie Dr.
Further interior layout, size, and condition details are not provided in the supplied information, so interested parties should request the full offering package for specifics on the building’s configuration and improvements.
Key Highlights
- Office building for sale at 3171 NE Carnegie Dr, Lee's Summit, MO 64064 (Jackson County).
- Year built: 2007.
- Parking lot on‑site.
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
$158,557
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
3.73%
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%
$3,171,140
$3.2M
Cap Rate 7%
$2,265,100
$2.3M
Cap Rate 9%
$1,761,744
$1.8M
Market Conditions
NOI Build-Up for 15,000 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
$261.0K $17.40/SF
− Vacancy
−$49.6K −$3.31/SF
EGI
$211.4K $14.09/SF
− OpEx
−$52.9K −$3.52/SF
NOI
$158.6K $10.57/SF
Area
Lees Summit, MO
Vacancy
19.00%
Lease Rate
$17.40 /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%
$3,171,140
Cap Rate 7%
$2,265,100
Cap Rate 9%
$1,761,744
Alternative Uses
Best Use
Office B
$2.27M
$1.98M – $2.64M
NOI $158,557 @ 7.0% cap · market cap 3.73%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.81M
$3.33M – $4.44M
NOI $266,490 @ 7.0% cap · market cap 6.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
447
Businesses Nearby
Explore this area
Business Placement
Demographics for 64064, MO
19,717
Population
7,870
Households
2.5
Avg Household Size
41
Median Age
53%
College-Educated
98%
High-School Grad
19.0 sq mi
ZIP Area
1,038
Density / Sq Mi
$120,341
Median Household Income
$62,190
Median Earnings
$1,416
Median Rent
$375,800
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 - For sale office building at 3171 NE Carnegie Dr in Lee's Summit, MO, in Jackson County.
Where is this office building located?
The property is located at 3171 Carnegie Drive Lees Summit, MO.
What is the asking price?
The asking price for this property is $4,250,000.
What are key features of this property?
This property features: Office building for sale at 3171 NE Carnegie Dr, Lee's Summit, MO 64064 (Jackson County).; Year built: 2007.; Parking lot on‑site.
