Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2707 M 297 Hwy Independence, MO 64057

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    High-traffic C-2 zoned land, ideal for retail.

    Property Features for 2707 M 297 Hwy

    General Information

    Property type
    Land

    We can help!

    Listing Contact
    Jim Thome
    Jim Thome

    Listing Agency: ReeceNichols - Leawood Listing Agent: Jim Thome

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional commercial land parcel, encompassing 41,519 square feet, is strategically located at 2707 and 2801 S M 297 Highway in Independence, Jackson County, Missouri, zip code 64057. The property is zoned C-2, making it suitable for a variety of commercial uses. Priced affordably at $150,000, or $1.45 per acre, this represents a significant opportunity for investors and developers. The land boasts an existing curb cut, simplifying development plans and reducing initial infrastructure costs. Its location on a busy highway ensures high visibility and accessibility, attracting significant foot and vehicle traffic. This prime location offers excellent potential for retail businesses seeking a high-traffic area with strong visibility. The property's size and zoning provide ample flexibility for various commercial ventures. Don't miss this chance to acquire a valuable piece of commercial real estate in a thriving Missouri market.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Independence
    County
    Jackson
    State
    Missouri
    Longitude
    -94.3462373
    Latitude
    39.0632021

    Nearby Similar for Sale

    • $1,000,000
      Pending

      Independence, MO Commercial Building

      Commercial building with laundromat and mini mart for sale.
      10215 E Truman Rd, Independence, MO 64052
      View Details
    • $3,380,000
      1.27 Acres

      Turnkey Restaurant and Real Estate

      Fully operational restaurant with real estate, high visibility, easy access.
      19800 E Valley View Pkwy, Independence, MO 64057
      View Details
    • $815,000
      13,096 SF

      Historic Independence Square Retail Building

      Commercial building in historic Independence Square with investment potential.
      111 N Main St, Independence, MO 64050
      View Details
    • $205,000
      0.22 Acres

      Updated Duplex in Independence, MO

      Updated duplex with tenant, new roof scheduled, large lot.
      2004/2006 S Hawthorne Ave, Independence, MO 64052
      View Details
    • $189,900
      1,150 SF

      Independence Duplex with Solar Panels

      Independence duplex featuring solar panels, three bedrooms, and a garage.
      18608 E Arrowhead Pl, Independence, MO 64056
      View Details
    • $265,000
      Pending

      Independence, MO Multifamily Property

      Multifamily property for sale in Independence, Missouri.
      2910 N River Ter, Independence, MO 64050
      View Details
    • Contact for pricing
      200,000 SF

      Medical Suites Near Centerpoint Medical

      Divisible medical suites with hospital access and ample parking.
      19550 E 39Th St, Independence, MO 64057
      View Details
    • Contact for pricing
      7,232 SF

      Retail Investment Property For Sale

      7,232 SF fully occupied retail building for sale.
      13900 E Us Highway 40, Independence, MO 64055
      View Details
    • Contact for pricing
      4,989 SF

      Retail Space Near Independence Center

      4,989 SF retail space with easy access and high visibility.
      17620 E 39Th St S, Independence, MO 64055
      View Details
    • Contact for pricing
      3,000 SF

      Retail Building in High-Traffic Area

      3,000 SF building on a shopping center pad.
      13720 E Us Highway 40, Independence, MO 64055
      View Details
    • Contact for pricing
      1,890 SF

      Auto Repair & Sales Building

      1,890 SF building on 0.36 acre lot for sale.
      4230 Washington Ave, Independence, MO 64055
      View Details
    • Contact for pricing
      2,223 SF

      Restaurant Property Near Menards

      Restaurant property with drive-thru, constructed in 2018.
      4049 Little Blue Pkwy, Independence, MO 64057
      View Details

    FAQs

    What type of property is this?
    Land - High-traffic C-2 zoned land, ideal for retail.
    Where is this land located?
    The property is located at 2707 M 297 Hwy Independence, MO.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: 41,519 SF commercial land parcel on Hwy 291 in Independence, MO.; C-2 zoning allows for diverse commercial uses.; Existing curb cut reduces development costs.
    (913) 548-8700 Call to check price and availability
    Request Owner's contact information
    2707 M 297 Hwy Independence, MO 64057
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2707 M 297 Hwy
    Independence, MO 64057
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    2707 M 297 Hwy Independence, MO 64057
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jim Thome
    Jim Thome
    (913) 548-8700 (913) 652-4300
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!