Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    409 S State Rte 291 Liberty, MO

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    7,000 SF retail building undergoing complete renovation, Liberty, MO.

    Type:RETAIL
    Property size:
    1,548 SF
    Lot size:
    1.22 Acres
    Added:
    Nov 13, 2025
    Days on Market:
    167
    Last Refresh:
    Apr 5 at 10:34 pm

    Property Features for 409 S State Rte 291

    General Information

    Standard status
    Active
    Size
    1,548 SF
    Lot size
    1.22 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 409 S State Rte 291 Contact us

    We can help!

    Listing Contact
    Jayme Miller
    Jayme Miller

    Listing agent Jayme Miller License #2015005684

    Listing office JLL | Kansas City

    Listing date Nov 13, 2025

    Source Moodyscre

    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 JLL | Kansas City

    Overview

    Renovated Retail Space Available

    The property features a 7,000 square foot building currently undergoing a complete renovation. This includes a new parking lot, windows, and façade. While currently a single-tenant building, plans are in place to convert it into a multi-tenant space with a variety of suite sizes. Spaces will be delivered in white box condition. The scheduled delivery is anticipated for late 4Q2025. The property is located in the Liberty submarket.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Frevert True Value ... Building Supply

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Liberty
    County
    Clay
    State
    Missouri
    Longitude
    -94.4478
    Latitude
    39.2515

    Nearby Similar for Lease

    • Contact for pricing

      Office/Retail Space in Liberty, MO

      New office/retail building in Oakwood Business Park, Liberty, MO.
      850 Haines Drive, Liberty, MO 64068
      View Details
    • $21 SF/Yr

      Retail Space in Liberty, Missouri

      Small retail space with ample parking and great visibility.
      603 S State Route 291, Liberty, MO
      View Details
    • Contact for pricing

      Adaptable Commercial Space in Liberty

      Modern commercial property suitable for manufacturing, distribution, or warehousing.
      3251 East Heartland Drive, Liberty, MO 64068
      View Details
    • $15 SF/Yr

      Adaptable Church Space Available

      9,000 SF church space with flexible layout.
      1908 Plumbers Way, Liberty, MO
      View Details
    • $21 SF/Yr

      Liberty Office Space For Rent

      Professional office space with high visibility in Liberty, Missouri.
      N Church Rd, Liberty, MO
      View Details
    • $14 SF/Yr

      Liberty Office Space For Rent

      Office space in Liberty, MO, featuring private offices and restrooms.
      4 Westowne St, Liberty, MO
      View Details
    • $2,950/Mo

      Liberty Office Space For Rent

      Office space available for lease in Liberty, Missouri.
      38 Westwoods Dr, Liberty, MO
      View Details
    • $4 SF/Yr

      Liberty Warehouse with Ample Parking

      Industrial spaces available near Ford Assembly Plant with heavy electrical.
      405 S Leonard St, Liberty, MO
      View Details
    • Contact for pricing

      Liberty Warehouse Space Available

      95,250 square foot warehouse space for lease.
      3155 West Heartland Drive, Liberty, MO, 64068
      View Details
    • Contact for pricing

      Liberty Logistics Park Warehouse Space

      Warehouse space available for rent in Liberty Logistics Park.
      Liberty Logistics Park, Lot 3, Liberty, MO 64068
      View Details
    • Contact for pricing

      Liberty Warehouse Space Available

      317,151 square foot warehouse space for lease.
      1401 Shepherd Rd, Liberty, MO
      View Details
    • Contact for pricing

      Versatile Office or Retail Space

      790 SF office/retail space in Liberty, available September 2026.
      1170 W Kansas St, Liberty, MO 64068
      View Details

    FAQs

    What type of property is this?
    Retail space - 7,000 SF retail building undergoing complete renovation, Liberty, MO.
    Where is this retail space located?
    The property is located at 409 S State Rte 291 Liberty, MO.
    What are key features of this property?
    This property features: 7,000 SF building undergoing complete renovation including parking lot, windows, and façade.; Planned multi‑tenant building with flexible suite sizes.; Spaces delivered in white box condition.
    (913) 469-4600 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jayme Miller
    Jayme Miller
    Real Estate License ID: 2015005684
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!