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    Property profile & analytics

    3251 3Rd St Lee's Summit, MO 64081

    • Commercial real estate
    • 0.66 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US48-0398286
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 3251 3Rd St

    Lot size
    0.66 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 0.66-acre commercial land parcel presents a rare opportunity in Lee's Summit, Missouri. Located at 3251 and 3225 SW 3rd Street, this fully improved and entitled pad site boasts all utilities readily available on-site. Benefit from its strategic location, shadowed by a new B&B Movie Theater and adjacent to established businesses such as Taco Bell and McDonald's. This is the last remaining first-tier site within this thriving development, offering unparalleled visibility and accessibility. The property features a pre-installed access drive and a significant portion of the parking lot is already complete, saving considerable time and expense for future development. Enjoy proximity to recreational amenities like Longview Lake and the Fred Arbanas Golf Course, enhancing the appeal to both businesses and employees. Situated in a rapidly expanding area of Lee's Summit, this property represents a compelling investment opportunity with significant potential for growth and return. The asking price is $700,000. The property is located in Jackson County, Missouri, zip code 64081.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lee's Summit
    County
    Jackson
    State
    Missouri
    Longitude
    -94.4418476
    Latitude
    38.9127138

    Comparable in this City

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      Commercial Lots For Sale

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    • $750,000

      Commercial Land with Utilities

      Land with utilities and traffic signal access in place.
      1321 SE Oldham Pkwy, Lees Summit, MO 64081
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    • $235,000
      0.34 Acres

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      Flat 0.34 acre lot near Longview Mansion in Lee's Summit.
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    • $350,000

      Lee's Summit Estate Lot - Half Acre+

      Prime residential land, build your dream home!
      1240 Corinthian Ln, Lee's Summit, MO 64081
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    • Contact for pricing
      14.18 Acres

      Lee's Summit Commercial Land

      Retail, Office, Medical Opportunity
      0 O'brien Rd, Lee's Summit, MO 64081
      View Details

    Similar Nearby for Sale

    • $350,000

      Lee's Summit Estate Lot - Half Acre+

      Prime residential land, build your dream home!
      1240 Corinthian Ln, Lee's Summit, MO 64081
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      14.18 Acres

      Lee's Summit Commercial Land

      Retail, Office, Medical Opportunity
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    • $335,000

      Lee's Summit Lakefront Land

      Prime lakefront lot, custom build opportunity.
      1209 Corinthian Ln, Lee's Summit, MO 64081
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      0.08 Acres

      Residential Land in Lee's Summit

      Residential land for sale, not buildable per city.
      727 10Th St, Lees Summit, MO 64081
      View Details
    • $325,000
      0.47 Acres

      Residential Land in New Longview

      Half-acre lot backing up to New Longview Lake.
      1225 SW Corinthian Ln, Lees Summit, MO 64081
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    • $105,000

      Lee's Summit Residential Lot

      Build Your Dream Home in Longview!
      1109 Corinthian Ln, Lee's Summit, MO 64081
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    Similar Nearby for Lease

    • $22 SF/Yr
      32,006 SF

      Lee's Summit Office Space for Lease

      Class A Office, Mixed-Use, 10,383 SF Vacant
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    • $16 SF/Yr
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      Lee's Summit Retail/Office Space

      Retail and office spaces available in Lee's Summit, Missouri.
      450 SW Ward Rd, Lees Summit, MO 64081
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    • Contact for pricing
      1,200 SF

      Retail Space in Lee's Summit

      Retail space available for lease in Lee's Summit, MO.
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    • $35 SF/Yr
      35,000 SF

      Paragon Star Office Space, Lee's Summit

      Class A Office, Lee's Summit, MO. Fully Vacant.
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    • $18 SF/Yr
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      Move-in Ready Office Suites

      Move-in ready office suites for lease in central location.
      600 NW Murray Rd, Lees Summit, MO 64081
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    • $35 SF/Yr
      35,000 SF

      Available Office Space in Lee's Summit

      35,000 SF office space available for lease in Lee's Summit.
      & I-470 View High Dr, Lees Summit, MO 64081
      View Details
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    3251 3Rd St
    Lee's Summit, MO 64081
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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