Fenced Flex Space with Dock
New
For Sale
$1,250,000
701 Squire Court, Grain Valley, MO 64029
Commercial Sale, Grain Valley, MO
Property Size2,800 SF
Lot Size1.21 Acres
Price / SF$446.43
Days on Market4
Property Features for 701 Squire Court
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
LI
Parking features
Garage, Parking Lot
Interior features
Storage, In-Law Floorplan, Private Restroom
Exterior features
Delivery Door(s), Storage
Directions
From I-70: Take the Grain Valley exit south, continue straight onto S Buckner Tarsney Rd/N Main St/Rte AA, Turn left onto James D Rollo Dr, turn left onto Squire Ct.
Subdivision
207 - Blue Springs, Buckner, Oak Grove, Grain Val
Standard status
Active
APN
37-800-01-37-00-0-00-000
Lot size
1.21 Acres
Taxes and HOA fees
Tax Description
REPLAT OF SQUIRE CENTER LOTS 7-11---LOT 10 and REPLAT OF SQUIRE CENTER LOTS 7-11---LOT 11
Tax Annual Amount
17869
Legal Description
REPLAT OF SQUIRE CENTER LOTS 7-11---LOT 10 and REPLAT OF SQUIRE CENTER LOTS 7-11---LOT 11
Utilities
Utilities
Water Available
Amenities
kitchen
laundry hookups
Building Details
Year built
1998
Floors in Building
2
Additional Structures
Storage
Listing Agency:
RE/MAX Heritage · RE/MAX International
(816) 224-8484
Listed By:
Joey Zarrillo · License #2018009798
(816) 447-0058
Added: Sep 8
Changed: Sep 10
Last Checked: Sep 11 at 1:06PM
MLS# 2640931
Copyright © 2026 Heartland Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This LI-zoned flex property occupies 1.21 acres and includes a large shop, storage areas, and approximately 2,800 SF of office space. The building provides four restrooms, a kitchen, laundry hookups, and additional second-floor area that can accommodate more offices or living space. Two entrances, two drive-in doors, and two dock doors support varied loading and access requirements. The property was built in 1998 and includes a parking lot and garage.
The fully fenced site includes an open gravel area with underground 3-phase power, water, and air. Utilities can be separated for two businesses, adding operational flexibility for an owner-user or multi-business configuration. Water is available, and the property is located in Grain Valley, Missouri.
The fully fenced site includes an open gravel area with underground 3-phase power, water, and air. Utilities can be separated for two businesses, adding operational flexibility for an owner-user or multi-business configuration. Water is available, and the property is located in Grain Valley, Missouri.
Key Highlights
- 1.21‑acre fully fenced LI‑zoned property
- Approximately 2,800 SF of office space
- 2 drive‑in doors and 2 dock doors
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$51,549
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.12%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,030,980
$1.0M
Cap Rate 7%
$736,414
$736.4K
Cap Rate 9%
$572,767
$572.8K
Market Conditions
NOI Build-Up for 2,800 SF
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.
Gross rent
$64.2K $22.92/SF
− Vacancy
−$3.5K −$1.26/SF
EGI
$60.6K $21.66/SF
− OpEx
−$9.1K −$3.25/SF
NOI
$51.5K $18.41/SF
Area
Jackson County, MO
Vacancy
5.50%
Lease Rate
$22.92 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,030,980
Cap Rate 7%
$736,414
Cap Rate 9%
$572,767
Alternative Uses
Best Use
Warehouse
$736.4K
$644.4K – $859.2K
NOI $51,549 @ 7.0% cap · market cap 4.12%
Second Best
Industrial
$606.5K
$530.7K – $707.5K
NOI $42,452 @ 7.0% cap · market cap 3.40%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Dock-high doors
2
Drive-in doors
Yes
Fenced yard
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
362
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 64029, MO
20,054
Population
8,185
Households
2.5
Avg Household Size
36
Median Age
30%
College-Educated
95%
High-School Grad
31.8 sq mi
ZIP Area
631
Density / Sq Mi
$89,074
Median Household Income
$50,332
Median Earnings
$1,369
Median Rent
$284,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Fenced commercial property combines office, shop, storage, and utility infrastructure for flexible business operations.
Where is this flex space located?
The property is located at 701 Squire Court Grain Valley, MO.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 1.21‑acre fully fenced LI‑zoned property; Approximately 2,800 SF of office space; 2 drive‑in doors and 2 dock doors
