959 SE Oldham Parkway, Lees Summit, MO 64081
Retail building on a 0.59-acre lot with highway-adjacent access and exterior updates, currently occupied.
- Added:
- Jul 1, 2026
- Days on Market:
- 5
- Last Refresh:
- Jul 4 at 4:18 am
Property Features for 959 SE Oldham Parkway
General Information
- Standard status
- Active
- Size
- 5,800 SF
- Lot size
- 0.59 Acres
- Property subtype
- Commercial
Listing office RE/MAX Heritage (816) 587-2323
Listing date Jul 1, 2026
Source Coloniallistings
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 RE/MAX Heritage
HighLights
- 5,800 SF retail building on a 0.59‑acre lot in Lee's Summit
- Located just off Highway 50 with highway‑adjacent access
- Exterior freshly painted for an updated appearance
- Currently occupied, providing immediate rental income for the new owner
Overview
Located just off Highway 50 in Lee’s Summit, the building benefits from convenient access and visibility from a heavily traveled corridor, supporting everyday customer traffic. Its positioning nearby major roadway access can be advantageous for retail users seeking straightforward arrival and clear exposure.
For buyers considering a retail investment, this asset offers a simple, single-building format with on-site occupancy already in place. The exterior condition update and highway-adjacent access make it practical for operators and investors looking for a property that can support continued retail use with minimal immediate exterior work. The current tenant occupancy may appeal to those seeking a more immediate transition into ownership while planning for the long term.
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 | $128.8k | $22.20 |
| − Vacancy | −$10.9k | −$1.89 |
| EGI | $117.8k | $20.31 |
| − OpEx | −$35.3k | −$6.09 |
| NOI | $82.5k | $14.22 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lees Summit
- County
- Cass
- State
- Missouri
- Longitude
- -94.3543461
- Latitude
- 38.9017948
