713 Rte 291, Lees Summit, MO
Retail property with high visibility and traffic, pad site opportunity.
- Added:
- Mar 21, 2025
- Days on Market:
- 452
- Last Refresh:
- May 20 at 9:29 pm
Property Features for 713 Rte 291
General Information
- Standard status
- Active
- Size
- 5,476 SF
- Lot size
- 0.70 Acres
- Property subtype
- RETAIL
Listing agent Bill Maas, CCIM License #SP00232153
Listing office Block & Company, Inc. (816) 753-6000
Listing date Mar 21, 2025
Source Moodyscre
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.
HighLights
- Prime location
- High visibility and traffic
- New intersection coming in 2024 with frontage on Blue Parkway and 7th Terrace
- Pad site opportunity
- Five bays
Overview
Local 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 | $121.6k | $22.20 |
| − Vacancy | −$10.3k | −$1.89 |
| EGI | $111.2k | $20.31 |
| − OpEx | −$33.4k | −$6.09 |
| NOI | $77.9k | $14.22 |
Alternative Uses
Current Use by Public Records
Map
- City
- Lees Summit
- County
- Cass
- State
- Missouri
- Longitude
- -94.4594
- Latitude
- 38.7984
