Fully Leased Retail
4540 S Noland Rd Independence, MO 64055
For Sale
Contact for pricing
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 Market223
Property Features for 4540 S Noland Rd
General Information
Standard status
Active
Size
4,290 SF
Property subtype
RETAIL
Listing Agency:
Block & Company, Inc.
(816) 412-7395
Listed By:
Dakota Grizzle · License #MO2010028352
Source:
Moodyscre
Added: Dec 19, 2025
Changed: Jul 26
Last Checked: Jul 29 at 3:32PM
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.
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 For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $77.2k | $18.00 |
| − Vacancy | −$3.1k | −$0.72 |
| EGI | $74.1k | $17.28 |
| − OpEx | −$22.2k | −$5.18 |
| NOI | $51.9k | $12.10 |
4,290 SF · lease $18.00/SF/yr · vacancy 4.00% · expense 30.00%
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.
Property Analytics
Location Intelligence
Current Use
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
