Shopping Center
For Sale
Contact for pricing
4600 S Noland Rd, Independence, MO 64055
Retail center property with established tenants and a regional customer draw.
Property Size7,908 SF
Price / SF$224.20
Days on Market1357
Property Features for 4600 S Noland Rd
General Information
Standard status
Active
Size
7,908 SF
Property subtype
RETAIL
Listing Agency:
Block & Company, Inc.
(816) 753-6000
Listed By:
David Block · License #BR00015006
(816) 412-7400
Source:
Moodyscre
Added: Jan 27, 2023
Changed: Oct 8
Last Checked: Oct 14 at 8:20PM
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.
Building 4 measures 7,908 square feet within a 300,000-square-foot retail center. The broader offering includes existing buildings from 3,000 to 127,458 square feet, as well as .70-acre and .77-acre pad sites. The center’s tenant roster includes Olive Garden, Next Level Soccer Training, America’s Best Contacts & Eye Glasses, Pancho’s Mexican Restaurant, and Athletico.
The property is located at 4600 S Noland Rd in Independence, Missouri. The intersection carries over 60,000 cars per day, and nearby tenants include Starbucks, HyVee, Furniture Deals, and Old Time Pottery. The center serves an established population base and draws from the surrounding region.
The property is located at 4600 S Noland Rd in Independence, Missouri. The intersection carries over 60,000 cars per day, and nearby tenants include Starbucks, HyVee, Furniture Deals, and Old Time Pottery. The center serves an established population base and draws from the surrounding region.
Key Highlights
- 7,908‑square‑foot Building 4 within the center
- 300,000‑square‑foot retail center
- Intersection carries over 60,000 cars per day
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$95,655
Cap Rate
5.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,913,100
$1.9M
Cap Rate 7%
$1,366,500
$1.4M
Cap Rate 9%
$1,062,833
$1.1M
Market Conditions
NOI Build-Up for 7,908 SF
Gross rent
$142.3K $18.00/SF
− Vacancy
−$5.7K −$0.72/SF
EGI
$136.7K $17.28/SF
− OpEx
−$41.0K −$5.18/SF
NOI
$95.7K $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%
$1,913,100
Cap Rate 7%
$1,366,500
Cap Rate 9%
$1,062,833
Alternative Uses
Best Use
Retail
$1.37M
$1.20M – $1.59M
NOI $95,655 @ 7.0% cap · market cap 5.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.34M
$2.05M – $2.73M
NOI $163,601 @ 7.0% cap · market cap 9.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
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
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Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- Dollar & plus — 4374 s noland rd, independence, mo 64055
Frequently Asked Questions
What type of property is this?
Shopping center - Retail center property with established tenants and a regional customer draw.
Where is this shopping center located?
The property is located at 4600 S Noland Rd Independence, MO.
What is the asking price?
The asking price for this property is $1,772,953.
What are key features of this property?
This property features: 7,908‑square‑foot Building 4 within the center; 300,000‑square‑foot retail center; Intersection carries over 60,000 cars per day
