Fully Leased Retail
For Sale
Contact for pricing
4540 S Noland Rd, Independence, MO 64055
This fully leased retail storefront is positioned alongside major grocery retailers for strong everyday visibility.
Property Size4,290 SF
Price / SF$161.74
Days on Market314
Property Features for 4540 S Noland Rd
General Information
Standard status
Active
Size
4,290 SF
Property subtype
RETAIL
Occupancy
100%
Site & Location
Neighborhood
South Crysler
Listing Agency:
Block & Company, Inc.
(816) 753-6000
Listed By:
Dakota Grizzle · License #00245828
(816) 412-7395
Source:
Moodyscre
Added: Dec 19, 2025
Changed: Oct 25
Last Checked: Oct 28 at 5:04AM
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 Block & Company, Inc.
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Investment Insights
Based on property information with market context.
This fully leased retail storefront is situated within a shadow center format next to a New Price Chopper and offers strong visibility for a daily shopping environment. The space is part of a retail concentration at a busy intersection in Independence, MO.
The property is located across from Hy-Vee Grocery Store and is surrounded by more than 700,000 square feet of retail at the intersection. Public remarks also reference great visibility and high traffic counts, supporting the center’s consumer draw for retail tenants and investors.
The property is located across from Hy-Vee Grocery Store and is surrounded by more than 700,000 square feet of retail at the intersection. Public remarks also reference great visibility and high traffic counts, supporting the center’s consumer draw for retail tenants and investors.
Key Highlights
- Fully leased retail storefront
- Located across from Hy‑Vee Grocery Store
- Shadow center to a New Price Chopper next door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,892
Cap Rate
7.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,037,840
$1.0M
Cap Rate 7%
$741,314
$741.3K
Cap Rate 9%
$576,578
$576.6K
Market Conditions
NOI Build-Up for 4,290 SF
Gross rent
$77.2K $18.00/SF
− Vacancy
−$3.1K −$0.72/SF
EGI
$74.1K $17.28/SF
− OpEx
−$22.2K −$5.18/SF
NOI
$51.9K $12.10/SF
Area
Independence, MO
Vacancy
4.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,037,840
Cap Rate 7%
$741,314
Cap Rate 9%
$576,578
Alternative Uses
Best Use
Retail
$741.3K
$648.7K – $864.9K
NOI $51,892 @ 7.0% cap · market cap 7.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,752 @ 7.0% cap · market cap 12.79%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
602
Businesses Nearby
260k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 36%
Shops & Services 34%
Groceries 22%
Home Improvements & Furnishings 7%
Hy-Vee
Groceries
56,459 visits/mo
0.1 miles
Dollar Tree
Shops & Services
53,819 visits/mo
0.3 miles
McDonald's
Dining
25,343 visits/mo
0.4 miles
Olive Garden
Dining
17,591 visits/mo
0.1 miles
Harbor Freight Tools
Home Improvements & Furnishings
15,961 visits/mo
0.3 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Blue Vue Flowers — 12820 East 47th St S A, Independence, MO 64055
Frequently Asked Questions
What type of property is this?
Storefront property - This fully leased retail storefront is positioned alongside major grocery retailers for strong everyday visibility.
Where is this storefront property located?
The property is located at 4540 S Noland Rd Independence, MO.
What is the asking price?
The asking price for this property is $693,875.
What are key features of this property?
This property features: Fully leased retail storefront; Located across from Hy‑Vee Grocery Store; Shadow center to a New Price Chopper next door
