Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    110 Hospital Dr Smithville, MO 64089

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    High-traffic, mixed-use development land.

    Property Features for 110 Hospital Dr

    General Information

    Property type
    Land
    Lot Size
    29,621 SF

    We can help!

    Listing Contact
    Lindy Meyer Beyer
    Lindy Meyer Beyer

    Listing Agency: Cadence Commercial Real Estate Listing Agent: Lindy Meyer Beyer

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional commercial land parcel, located at 110 Hospital Dr in Smithville, Missouri (zip code 64089), presents a unique investment opportunity. The property, ranging from 0.68 to 1.1 acres, is part of a new 30+ acre development anchored by a Price Chopper grocery store, the only one in Smithville. The grocery store's projected opening was in 2020. Four pad sites are available, ranging in size from 0.85 to 2.57 acres, offering immediate development potential. The location boasts full access to a lighted intersection, ensuring high visibility and significant traffic flow. Its strategic position across the street from Saint Luke's Northland Hospital provides a strong foundation for a variety of uses. This stable tertiary market draws from numerous surrounding smaller communities. The property is ideally suited for a mixed-use development incorporating multifamily, medical office, and retail components, situated conveniently north of the Price Chopper. The land is classified as Commercial and Mixed Use. This is a prime location for businesses seeking high visibility and access to a strong customer base in a growing community. The property's location in Clay County, Missouri offers excellent access and visibility. This is an exceptional opportunity to capitalize on the growth and development in the Smithville area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hildebrand Estivo Dental ... Dental Office Michael Estivo Dental Office Dr. Michael Estivo ... Dental Office

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Smithville
    County
    Clay
    State
    Missouri
    Longitude
    -94.5826959
    Latitude
    39.3783466

    Nearby Similar for Sale

    • $849,420
      5.00 Acres

      Smithville Industrial Park Lot

      5-Acre Industrial Lot - Prime Location
      0000 Industrial Dr, Smithville, MO 64089
      View Details
    • $850,000
      8.00 Acres

      Smithville Commercial Land - Hwy 169

      8 Acres, High Visibility, Prime Location
      8 Ac +/- 169 Hwy, Smithville, MO 64089
      View Details
    • $2,000,000
      21.94 Acres

      Smithville Commercial Land - 21 Acres

      Prime Smithville commercial land, B-3 zoning.
      0 92 Hwy, Smithville, MO 64089
      View Details

    FAQs

    What type of property is this?
    Land - High-traffic, mixed-use development land.
    Where is this land located?
    The property is located at 110 Hospital Dr Smithville, MO.
    What are key features of this property?
    This property features: New 30+ acre development anchored by Smithville's only Price Chopper grocery store.; Four pad sites available, 0.85 to 2.57 acres, delivered Q4 2019.; High-traffic location with full access to a lighted intersection, ensuring excellent visibility.
    (913) 747-3306 Call to check price and availability
    Request Owner's contact information
    110 Hospital Dr Smithville, MO 64089
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    110 Hospital Dr
    Smithville, MO 64089
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    110 Hospital Dr Smithville, MO 64089
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Lindy Meyer Beyer
    Lindy Meyer Beyer
    Real Estate License ID: SP00234269
    (913) 747-3306
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!