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    1600 Coronado Dr Blue Springs, MO 64014

    For Sale
    $7,250,000

    Fully Leased Class A Office, High Cap Rate

    Property size:
    41,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional Class A office building presents a compelling investment opportunity in Blue Springs, Missouri. The property, located at 1600 NE Coronado Dr, boasts 41,400 square feet of space across three stories, situated on a generous 3.95-acre lot. Built in 1998 and renovated in 2005, the building offers a mix of creative, executive, and traditional office spaces, currently 100% occupied by a single national tenant under a double net (NN) lease expiring July 1, 2027. The lease provides a stable income stream with a strong 6.60% capitalization rate. The asking price is $7,250,000, translating to $175.12 per square foot based on the 37,000 square feet of net rentable area. Ample parking is available with 120 spaces. This well-maintained property offers a secure investment with excellent long-term potential, strategically located near I-70, Adams Dairy, and Highway 7, providing convenient access to major transportation routes and amenities. The property's strong tenant occupancy and favorable lease terms make it an attractive addition to any investment portfolio. The building's versatile layout and prime location in Jackson County, MO, 64014, ensure continued high demand.

    Property Features for 1600 Coronado Dr

    General Information

    Property type
    Office space
    Square Feet
    41,400 SF
    Class
    A
    Lot Size
    172,062 SF

    Building Details

    Year Built/Renovated
    1998/2005
    Stories
    3

    HighLights

    • National tenant, fully leased.
    • $7,250,000 asking price, 6.6% cap rate.
    • Five‑year, double‑net lease expiring July 2027.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    TAB Office Equipment Supplier MedSuppGuide by Heartland ... Health Insurance Agency Heartland Financial Group Marketing Agency Briscoe Erica L Attorney ATM Atm

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Blue Springs
    County
    Jackson
    State
    Missouri
    Longitude
    -94.240223959586
    Latitude
    39.025979182507

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    FAQs

    What type of property is this?
    Office space - Fully Leased Class A Office, High Cap Rate
    Where is this office space located?
    The property is located at 1600 Coronado Dr Blue Springs, MO.
    What is the asking price?
    The asking price for this property is $7,250,000.
    What are key features of this property?
    This property features: National tenant, fully leased.; $7,250,000 asking price, 6.6% cap rate.; Five-year, double-net lease expiring July 2027.
    Request Owner's contact information
    1600 Coronado Dr Blue Springs, MO 64014
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    Blue Springs, MO 64014
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    Realmo Value Estimation

    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.

    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.

    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
    1600 Coronado Dr Blue Springs, MO 64014
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