This exceptional two-story, Class B commercial property at 200 NE Douglas Street in Lee's Summit, Missouri, offers a unique blend of office and retail space, ideal for a variety of businesses. Built in 1991, this 12,534 sq ft lot boasts pristine curb appeal, highlighted by mature landscaping including magnolia trees, rhododendrons, and cherry trees. The property features a large marquee sign, water fountain, charming gingerbread trim, and extensive exterior lighting. Security is paramount with an alarm system, fire alarm, flood alarm, security cameras, and key card access. The interior is equally impressive, featuring a showroom with high, LED-lit vaulted ceilings and custom woodwork. Large, tinted windows provide privacy and climate control. The open office area can be easily adapted to suit various business needs, currently configured with 8-10 desks/offices. Two half-baths cater to employees and clients. The interior charm continues with fluted crown molding, large pillars, and a striking 8-foot fireplace. Abundant natural light floods the space through large curved windows. Multiple storage closets provide ample storage. Upstairs, a loft area offers additional office space, a full kitchen, a full bathroom with a shower/tub combination, and washer/dryer hookups. Recent upgrades include a newer roof (approximately 10 years old), a furnace (approximately 5 years old), a 5-ton AC unit, and redone ductwork. The crawl space has also been updated with new gravel. This meticulously maintained property presents a rare opportunity for a discerning buyer seeking a beautiful and functional commercial space in a desirable location. The property includes an attached storage shed and a covered back deck. The 11-zone sprinkler system ensures lush landscaping year-round. Two main entrances provide convenient access.
Flack Mark E ...DentistDr. Randall E. ...Oral SurgeonCarlyle Elizabeth UAttorneyPendo Management, LLCAppraiserEdward Jones - Financial ...Financial Consultant
Retail property - Prime Office & Retail Space, $869,000
Where is this retail property located?
The property is located at 200 Douglas St Lee's Summit, MO.
What is the asking price?
The asking price for this property is $869,000.
Request Owner's contact information
200 Douglas St Lee's Summit, MO 64063
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.
200 Douglas St Lee's Summit, MO 64063
Message sent successfully
Error
Email to Your Friends
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
200 Douglas St Lee's Summit, MO 64063
More about this listing
200 Douglas St, Lee's Summit, MO
Contact
Brian Davidson
Your message was sent
Please view email to read information.
Check the junk/spam folder if no email is in the inbox.
Error
Your message wasn't sent. Try again
Request price
200 Douglas St, Lee's Summit, MO
Contact
Brian Davidson
Your message was sent
Please view email to read information.
Check the junk/spam folder if no email is in the inbox.
Error
Your message wasn't sent. Try again
Property Records & Analytics
200 Douglas St, Lee's Summit, MO
Your message was sent
Please view email to read information.
Check the junk/spam folder if no email is in the inbox.
Error
Your message wasn't sent. Try again
Request Owner's contact information
200 Douglas St, Lee's Summit, MO
Your message was sent
Please view email to read information.
Check the junk/spam folder if no email is in the inbox.
Error
Your message wasn't sent. Try again
Current Estimation by Request
200 Douglas St, Lee's Summit, MO
Your message was sent
Please view email to read information.
Check the junk/spam folder if no email is in the inbox.
Error
Your message wasn't sent. Try again
Send Message
to 200 Douglas St Lee's Summit, MO 64063
200 Douglas St, Lee's Summit, MO
Contact
Brian Davidson
Your message was sent
Please view email to read information.
Check the junk/spam folder if no email is in the inbox.
Error
Your message wasn't sent. Try again
Thank You
You are Unsubscribed From Notifications
We can help!
Listing Contact
Brian Davidson
Google sign-in failed. Please try again or use another login method.