Office
New
For Sale
$3,300,000
700 NE R D Mize Road, Blue Springs, MO 64014
The property is fully occupied, with C2 zoning and access to I-70.
Property Size23,860 SF
Lot Size2.26 Acres
Price / SF$138.31
Days on Market4
Property Features for 700 NE R D Mize Road
General Information
Standard status
Active
Size
23,860 SF
Total Parking Spaces
115
Lot size
2.26 Acres
Property subtype
Commercial
Zoning
C2
Occupancy
100%
Additional Details
Highway Access
Yes
Property Use
Office
Amenities
Elevator
Private Restroom
Public Restroom
Building Details
Year Built
2000
Buildings
1
Stories
2
Building Size
23,860 SF
Listing Agency:
Weichert Realtors - Generations
Listed By:
Autum Baker
(816) 373-0227
Source:
Fishburnrealtyllc
Added: Oct 23
Changed: Oct 26
Last Checked: Oct 26 at 3:52AM
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 Weichert Realtors - Generations
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office property contains 23,860 square feet on a 2.26-acre site. Built in 2000, the building has been remodeled and is fully occupied. The property is zoned C2.
Located in Blue Springs, the site has access to I-70 and sits along a commercial corridor.
Located in Blue Springs, the site has access to I-70 and sits along a commercial corridor.
Key Highlights
- 23,860‑SF office building
- 2.26‑acre site in Blue Springs
- 100% occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$275,655
Cap Rate
8.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,513,100
$5.5M
Cap Rate 7%
$3,937,929
$3.9M
Cap Rate 9%
$3,062,833
$3.1M
Market Conditions
NOI Build-Up for 23,860 SF
Gross rent
$438.1K $18.36/SF
− Vacancy
−$70.5K −$2.96/SF
EGI
$367.5K $15.40/SF
− OpEx
−$91.9K −$3.85/SF
NOI
$275.7K $11.55/SF
Area
Jackson County, MO
Vacancy
16.10%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,513,100
Cap Rate 7%
$3,937,929
Cap Rate 9%
$3,062,833
Alternative Uses
Best Use
Office B
$3.94M
$3.45M – $4.59M
NOI $275,655 @ 7.0% cap · market cap 8.35%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$6.28M
$5.49M – $7.32M
NOI $439,274 @ 7.0% cap · market cap 13.31%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
375
Businesses Nearby
Explore this area
Business Placement
Demographics for 64014, MO
27,993
Population
11,068
Households
2.5
Avg Household Size
36
Median Age
36%
College-Educated
95%
High-School Grad
11.2 sq mi
ZIP Area
2,499
Density / Sq Mi
$84,187
Median Household Income
$49,462
Median Earnings
$1,301
Median Rent
$233,200
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - The property is fully occupied, with C2 zoning and access to I-70.
Where is this office building located?
The property is located at 700 NE R D Mize Road Blue Springs, MO.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: 23,860‑SF office building; 2.26‑acre site in Blue Springs; 100% occupied
