Lee's Summit Retail
For Sale
$1,400,000
959 SE Oldham Parkway, Lees Summit, MO 64081
SINGLE_FAMILY - Lee's Summit, MO
Property Size5,800 SF
Lot Size0.59 Acres
Price / SF$241.38
Days on Market274
Property Features for 959 SE Oldham Parkway
General Information
Property type
Residential
Property subtype
Retail
Zoning
049
Parking features
Parking Lot
Subdivision
Bridgehampton
Directions
From SE Route 291 and 50 Hwy. South on SE Route 291 and continue South on SE Hamblen Rd to SE Oldham Parkway, left on SE Oldham Parkway. East on SE Oldham Parkway, property is to the right before SE Bridgehampton Way.
Standard status
Active
APN
61-630-05-25-02-0-00-000
Size
5,800 SF
Lot size
0.59 Acres
Taxes and HOA fees
Tax Description
Lot 2, BRIDGEHAMPTON, 1ST PLAT, BLOCK 1, LOTS 1-3, a subdivision in Lee's Summit, Jackson Gounty, Missouri EXCEPT that part deeded to the City of Lee's Summit, as shown on Quit-Clalm Deed filed 03/02/1999 as Document No. 199910D17043., further described as follows: Commencing at the Southeast corner of said Lot 2, thence North 02 Degrees 06 Minutes 40 Seconds East 119.25 feet, along the West Right of Way of Bridgehampton Way, to the True Point of Beginning, thence North 54 Degrees 51 Minutes 54 Seconds West 89.45 feet, to a point on the North line of said Lot 2, thence South 87 Degrees 53 Minutes 20 Seconds East 75.00 feet, along said North line, thence South 02 Degrees 06 Minutes 40 Seconds West 48.75 feet, along the West Right of Way line of Bridgehampton Way to the True Point of Beginning
Tax Annual Amount
29125
Legal Description
Lot 2, BRIDGEHAMPTON, 1ST PLAT, BLOCK 1, LOTS 1-3, a subdivision in Lee's Summit, Jackson Gounty, Missouri EXCEPT that part deeded to the City of Lee's Summit, as shown on Quit-Clalm Deed filed 03/02/1999 as Document No. 199910D17043., further described as follows: Commencing at the Southeast corner of said Lot 2, thence North 02 Degrees 06 Minutes 40 Seconds East 119.25 feet, along the West Right of Way of Bridgehampton Way, to the True Point of Beginning, thence North 54 Degrees 51 Minutes 54 Seconds West 89.45 feet, to a point on the North line of said Lot 2, thence South 87 Degrees 53 Minutes 20 Seconds East 75.00 feet, along said North line, thence South 02 Degrees 06 Minutes 40 Seconds West 48.75 feet, along the West Right of Way line of Bridgehampton Way to the True Point of Beginning
Utilities
Utilities
Water Available
Building Details
Floors in Building
1
Listing Agency:
RE/MAX Heritage · RE/MAX International
(816) 587-2323
Listed By:
Chelbi Williamson
(816) 651-0999
Added: Nov 4, 2025
Changed: May 13
Last Checked: Aug 5 at 8:06PM
MLS# 2585251
Copyright © 2026 Heartland Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This is a 5,800 sq. ft. retail building on a 0.59-acre lot. The property is located in a desirable commercial area of Lee's Summit, conveniently situated just off Highway 50. This location provides outstanding visibility, easy access, and steady traffic. The building has been freshly painted outside, presenting a clean, professional appearance. The property is currently occupied by a reliable tenant, providing immediate rental income for the new owner. This property is suitable for long-term investment stability and growth.
Key Highlights
- Prime retail investment opportunity in a desirable Lee's Summit commercial area.
- Located just off Highway 50, offering outstanding visibility, easy access, and steady traffic.
- Currently occupied by a reliable tenant, providing immediate rental income.
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 |
5,800 SF · lease $22.20/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.18M
$1.03M – $1.37M
NOI $82,471 @ 7.0% cap · market cap 5.89%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.47M
$1.29M – $1.72M
NOI $103,043 @ 7.0% cap · market cap 7.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
581
Businesses Nearby
142k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 43%
Home Improvements & Furnishings 28%
Groceries 18%
Dining 8%
QuikTrip
Shops & Services
55,665 visits/mo
0.5 miles
The Home Depot
Home Improvements & Furnishings
40,308 visits/mo
0.4 miles
Aldi
Groceries
25,021 visits/mo
0.5 miles
Perkins Restaurant & Bakery
Dining
7,761 visits/mo
0.5 miles
LaMar's Donuts and Coffee
Dining
4,018 visits/mo
0.5 miles
Demographics for 64081, MO
24,903
Population
10,778
Households
2.3
Avg Household Size
43
Median Age
51%
College-Educated
98%
High-School Grad
13.0 sq mi
ZIP Area
1,916
Density / Sq Mi
$103,490
Median Household Income
$61,338
Median Earnings
$1,449
Median Rent
$333,400
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - 5,800 sq. ft. retail building on 0.59 acres.
Where is this retail space located?
The property is located at 959 SE Oldham Parkway Lees Summit, MO.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Prime retail investment opportunity in a desirable Lee's Summit commercial area.; Located just off Highway 50, offering outstanding visibility, easy access, and steady traffic.; Currently occupied by a reliable tenant, providing immediate rental income.
