Medical Office Building with
New
For Sale
$2,050,000
350 Greenwich Drive SW, Lees Summit, MO 64082
A three-story professional facility includes private offices, flexible rooms, and a large conference area.
Property Size8,000 SF
Price / SF$256.25
Days on Market2
Property Features for 350 Greenwich Drive SW
General Information
Standard status
Active
Size
8,000 SF
Total Parking Spaces
40
Elevators
Yes
Property subtype
Commercial
Zoning
CP2
Additional Details
Condition
Move-in Ready
Currently Operating
Yes
Property Use
Medical Office
Medical Specialty
chiropractic
Amenities
Storage
Elevator
Private Restroom
Public Restroom
Building Sign
Building Details
Year Built
2008
Buildings
1
Stories
3
Building Size
8,000 SF
Tenancy
Single
Listing Agency:
Keller Williams Platinum Prtnr
Listed By:
Mr.D Davidson
(816) 525-7000
Source:
Fishburnrealtyllc
Added: Oct 23
Last Checked: Oct 23 at 4:07PM
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 Keller Williams Platinum Prtnr
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Investment Insights
Based on property information with market context.
Built in 2008, this three-story medical office property contains approximately 8,000 SF and is served by an elevator. Its layout includes 10 private offices, 6 multipurpose rooms, and a large conference room. The building is currently used for chiropractic and wellness services, with CP2 zoning.
An adjacent 2000 sf unit is occupied by a long-term nail salon tenant. The property is located at 350 Greenwich Drive SW in Lee's Summit, Missouri.
An adjacent 2000 sf unit is occupied by a long-term nail salon tenant. The property is located at 350 Greenwich Drive SW in Lee's Summit, Missouri.
Key Highlights
- Three‑story building with elevator access
- Approximately 8,000 SF of medical office space
- 10 private offices, 6 multipurpose rooms, and a large conference room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$96,307
Cap Rate
4.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,926,140
$1.9M
Cap Rate 7%
$1,375,814
$1.4M
Cap Rate 9%
$1,070,078
$1.1M
Market Conditions
NOI Build-Up for 8,000 SF
Gross rent
$182.4K $22.80/SF
− Vacancy
−$21.9K −$2.74/SF
EGI
$160.5K $20.06/SF
− OpEx
−$64.2K −$8.03/SF
NOI
$96.3K $12.04/SF
Area
Lees Summit, MO
Vacancy
12.00%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,926,140
Cap Rate 7%
$1,375,814
Cap Rate 9%
$1,070,078
Alternative Uses
Best Use
Healthcare Medical
$1.38M
$1.20M – $1.61M
NOI $96,307 @ 7.0% cap · market cap 4.70%
Second Best
Mixed Use
$1.35M
$1.18M – $1.58M
NOI $94,500 @ 7.0% cap · market cap 4.61%
Theoretical Best
Specialty Retail
$2.03M
$1.78M – $2.37M
NOI $142,128 @ 7.0% cap · market cap 6.93%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
332
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 64082, MO
17,973
Population
6,735
Households
2.7
Avg Household Size
38
Median Age
56%
College-Educated
98%
High-School Grad
20.5 sq mi
ZIP Area
877
Density / Sq Mi
$132,310
Median Household Income
$67,869
Median Earnings
$1,738
Median Rent
$380,800
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Similar Off Market Nearby
- Moonlight Animal Hospital — 821 sw lemans ln, lee's summit, mo 64082
Frequently Asked Questions
What type of property is this?
Medical Office Space - A three-story professional facility includes private offices, flexible rooms, and a large conference area.
Where is this medical office space located?
The property is located at 350 Greenwich Drive SW Lees Summit, MO.
What is the asking price?
The asking price for this property is $2,050,000.
What are key features of this property?
This property features: Three‑story building with elevator access; Approximately 8,000 SF of medical office space; 10 private offices, 6 multipurpose rooms, and a large conference room
