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Tenant-Occupied Retail Building

959 SE Oldham Parkway, Lees Summit, MO 64081

For Sale
$1,300,000
Pending

Commercial Sale, Lee's Summit, MO

Property Size5,800 SF
Lot Size0.59 Acres
Days on Market371

Property Features for 959 SE Oldham Parkway

General Information

Property type Commercial Sale
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 Pending
APN 61-630-05-25-02-0-00-000
Lot size 0.59 Acres

Additional Details

Tenant in Place Yes

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
Buildings 1
Listing Agency: RE/MAX Heritage · RE/MAX International
Listed By: Chelbi Williamson
Added: Nov 4, 2025 Changed: Nov 9 Last Checked: Nov 9 at 7:06PM
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.

Rey
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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 retail building sits on a 0.59-acre lot and is occupied by a long-term tenant. A recently installed TPO roofing system includes a 20-year manufacturer's material warranty and a 5-year workmanship warranty. The exterior has also been freshly painted, and the property includes a parking lot.

The site is just off Highway 50 in Lee's Summit. Water is available.

Key Highlights

  • Long‑term tenant in place
  • 0.59‑acre lot
  • TPO roof with 20‑year manufacturer's material warranty and 5‑year workmanship warranty

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$82,471
Cap Rate
6.34%
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 (±1% cap)
NOI $82,471 @ 7.0% cap · market cap 6.34%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.47M
$1.29M – $1.72M (±1% cap)
NOI $103,043 @ 7.0% cap · market cap 7.93%
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

NAPA Auto Parts Auto Parts Store

Suggested Use

Top Pick Real Estate Agency Dental Office Restaurant Hair Salon Pharmacy Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access

Location Intelligence

Trade Area within ½ mile

581
Businesses Nearby
142k
Monthly Visits Nearby
Under-served
Demand for This Use

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

Properties on Market for Storefront properties in Jackson County

Jul
Aug
Sep
Oct

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Similar Off Market Nearby

  • Gleason's Flowers and Gifts — 705B SE Melody Ln #120, Lee's Summit, MO 64063
  • Annie Sue's Flowers — 537 SE Melody Ln, Lee's Summit, MO 64063

Frequently Asked Questions

What type of property is this?
Storefront property - A recently installed TPO roof carries separate material and workmanship warranties.
Where is this storefront property 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 $1,300,000.
What are key features of this property?
This property features: Long‑term tenant in place; 0.59‑acre lot; TPO roof with 20‑year manufacturer's material warranty and 5‑year workmanship warranty
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