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    1602-1730 7 Hwy Blue Springs, MO 64014

    Sponsored
    For Lease
    Contact for pricing

    Prime Blue Springs retail space available. Multiple units, flexible sizes.

    Lot size:
    25,383 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    413
    Keystone Plaza, located at 1602-1730 South 7 Highway in Blue Springs, Missouri, presents a compelling retail investment opportunity. This 25,383 square foot shopping center, built in 1993, is zoned for General Business and situated in the Eastern Jackson County submarket. The property offers flexible space options, with a minimum divisible unit size of 800 square feet and a maximum contiguous space of 4,500 square feet. Currently, there are 8,935 square feet of vacant space available, providing excellent potential for new tenants. The center's location in the thriving Blue Springs community, within Jackson County, offers high visibility and accessibility. This is an ideal opportunity for businesses seeking a well-established location in a busy commercial area. The property's multiple tenancy structure allows for diverse business combinations, creating a vibrant and attractive shopping destination. The zip code is 64014. Serious inquiries are encouraged.

    Property Features for 1602-1730 7 Hwy

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    25,383 SF

    Building Details

    Year Built
    1993

    Unit(s) available at that property

    Space
    Suite 1614
    Size
    800 SF
    Space
    Suite 1702
    Size
    1,185 SF
    Space
    Suites 1618-1622
    Size
    2,450 SF
    Space
    Suites 1602-1610
    Size
    4,500 SF

    We can help!

    Listing Contact
    Kim Bartalos
    Kim Bartalos

    Learn more

    HighLights

    • 25,383 SF shopping center for sale or lease.
    • 800 SF retail space available.
    • 1,185 SF retail space available.
    • 2,450 SF retail space available.
    • 4,500 SF retail space available with existing office build‑out.
    • Strong tenant mix including Pizza Hut, Great Clips, and Once Upon a Smile.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Blue Springs
    County
    Jackson
    State
    Missouri
    Longitude
    -94.27270084
    Latitude
    39.00017715

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    FAQs

    What type of property is this?
    Lifestyle center - Prime Blue Springs retail space available. Multiple units, flexible sizes.
    Where is this lifestyle center located?
    The property is located at 1602-1730 7 Hwy Blue Springs, MO.
    What are key features of this property?
    This property features: 25,383 SF shopping center for sale or lease.; 800 SF retail space available.; 1,185 SF retail space available.
    Request Owner's contact information
    1602-1730 7 Hwy Blue Springs, MO 64014
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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
    1602-1730 7 Hwy Blue Springs, MO 64014
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    We can help!
    Listing Contact
    Kim Bartalos
    Kim Bartalos
    Real Estate License ID: MO 1999112092
    Learn more
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