Tenant-Occupied Retail
New
For Sale
$1,400,000
959 SE Oldham Parkway, Lees Summit, MO 64081
An established tenant occupies the building, with a recently installed roof and refreshed exterior paint.
Property Size5,800 SF
Lot Size0.59 Acres
Price / SF$241.38
Days on Market2
Property Features for 959 SE Oldham Parkway
General Information
Standard status
Active
Size
5,800 SF
Lot size
0.59 Acres
Property subtype
Commercial
Zoning
049
Additional Details
Highway Access
Yes
Tenant in Place
Yes
Building Details
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
RE/MAX Heritage
Listed By:
Chelbi Williamson
(816) 587-2323
Source:
Fishburnrealtyllc
Added: Oct 23
Last Checked: Oct 23 at 3:14PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 5,800-square-foot retail building sits on a 0.59-acre parcel at 959 SE Oldham Parkway in Lee’s Summit. The property is occupied by a long-term tenant. Recent work includes installation of a TPO roofing system and fresh exterior paint; the roof carries a 20-year manufacturer’s material warranty and a 5-year workmanship warranty.
The site is just off Highway 50. Zoning is listed as 049.
The site is just off Highway 50. Zoning is listed as 049.
Key Highlights
- 5,800‑square‑foot retail building on a 0.59‑acre lot
- Occupied by a long‑term tenant
- Recently installed TPO roof with a 20‑year manufacturer’s material warranty and 5‑year workmanship warranty
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$82,471
Cap Rate
5.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,649,420
$1.6M
Cap Rate 7%
$1,178,157
$1.2M
Cap Rate 9%
$916,344
$916.3K
Market Conditions
NOI Build-Up for 5,800 SF
Gross rent
$128.8K $22.20/SF
− Vacancy
−$10.9K −$1.89/SF
EGI
$117.8K $20.31/SF
− OpEx
−$35.3K −$6.09/SF
NOI
$82.5K $14.22/SF
Area
Lees Summit, MO
Vacancy
8.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,649,420
Cap Rate 7%
$1,178,157
Cap Rate 9%
$916,344
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - An established tenant occupies the building, with a recently installed roof and refreshed exterior paint.
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: 5,800‑square‑foot retail building on a 0.59‑acre lot; Occupied by a long‑term tenant; Recently installed TPO roof with a 20‑year manufacturer’s material warranty and 5‑year workmanship warranty
