Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Lee's Summit Commercial Land Title is generated by Realmo AI

    NE Strother Road, Lees Summit, MO 64064

    View on Map
    Claim this Listing
    For Sale
    $235,000

    COMMERCIAL - Lee's Summit, MO

    Lot size:
    0.98 Acres
    Added:
    Nov 11, 2025
    Days on Market:
    191
    Last Refresh:
    May 21 at 8:06 pm

    Property Features for NE Strother Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Ag
    Standard status
    Active
    APN
    43-830-99-02-03-0-00-000
    Lot size
    0.98 Acres

    Taxes and HOA fees

    Tax Description
    SEC-17 TWP-48 RNG-31---PT SW 1/4 DAF: BEG SW COR TH E 1132' MOL TH N 20' MOL TO TRU POB TH N 16 DEG 46 MIN 40 SEC W ALG CURV RI RAD 320' ARC DIST 238.55' TH N 77 DEG 41 MIN 18 SEC
    Tax Annual Amount
    6

    Utilities

    Utilities
    Water Available

    We can help!

    Listing Contact
    Cristy Roecker
    Cristy Roecker

    Listing agent Cristy Roecker License #1999144099

    Listing office ReeceNichols- Leawood Town Center 11601 Granada, Leawood, MO

    Listing date Nov 11, 2025

    MLS# 2579175

    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.

    HighLights

    • Prime location with access to major roads and highways.
    • Zoned Agriculture, Master planned Industrial.
    • All utilities available.
    • One of the last available locations off of Stother Road Interchange.
    • Growing part of Lee's Summit.
    • Adjacent to the Lee's Summit Municipal Airport.

    Overview

    This commercial land is located in a growing part of Lee's Summit, Missouri, with access to major roads and highways. It is situated adjacent to the Lee's Summit Municipal Airport and is one of the last available locations off the Strother Road Interchange. The property is zoned Agriculture but master planned for Industrial use. All utilities are available. The lot size is 0.98 acres.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Lees Summit
    County
    Cass
    State
    Missouri
    Longitude
    -94.366907
    Latitude
    38.968447

    Nearby Similar for Sale

    • $999,950
      600 SF

      Lee's Summit Commercial Opportunity

      Downtown Lee's Summit property with salon and office space.
      203 SW Jefferson Street, Lee's Summit, MO 64063
      View Details
    • $2,050,000
      8,000 SF

      Multi-Level Professional Building For Sale

      Move-in ready medical/professional office with long-term tenant income.
      350 Greenwich Drive SW, Lee's Summit, MO 64082
      View Details
    • $1,400,000
      5,800 SF

      Lee's Summit Retail Investment

      5,800 sq. ft. retail building on 0.59 acres.
      959 SE Oldham Parkway, Lee's Summit, MO 64081
      View Details
    • $1,250,000

      Remodeled Commercial Property on 1.6 Acres

      High-visibility commercial property with offices, warehouse, and showroom.
      1600 SW Market Street, Lee's Summit, MO 64081
      View Details
    • $750,000

      New Twin Villa Community

      Two-story twin villas near Downtown Lee's Summit.
      223-225 NW Orchard Court, Lee's Summit, MO 64063
      View Details
    • $690,000

      New Twin Villa Community

      Twin villas near Downtown Lee's Summit with low-maintenance living.
      216-218 NW Orchard Court, Lee's Summit, MO 64063
      View Details
    • $600,000

      Versatile Commercial Property in Lee's Summit

      High-visibility commercial property suitable for office, retail, or service businesses.
      813 SW Oldham Boulevard, Lee's Summit, MO 64063
      View Details
    • $525,000

      Updated Duplex in Lee's Summit

      Updated duplex with spacious kitchens, fireplaces, and large backyards.
      1108 and 1110 SE 8th Street, Lee's Summit, MO 64063
      View Details
    • $700,000

      New Twin Villa Community

      Two-story twin villas near Downtown Lee's Summit.
      211-213 NW Orchard Court, Lee's Summit, MO 64063
      View Details
    • $450,000
      3,207 SF

      Lee's Summit Duplex with Allowance

      Three-bedroom duplex with allowance in desirable Lee's Summit subdivision.
      1520 SW Antiquity Drive, Lee's Summit, MO 64081
      View Details
    • $287,000
      2,404 SF

      Lee's Summit Duplex For Sale

      Charming duplex with finished basement and updated master bath.
      3907 SW Chartwell Court, Lee's Summit, MO 64082
      View Details
    • $225,000
      1,788 SF

      Updated Townhome Duplex

      Clean, updated ranch-style townhome with low-maintenance living.
      749 SE CLAREMONT Street, Lee's Summit, MO 64063
      View Details

    FAQs

    What type of property is this?
    Land - Prime location near airport, utilities available, master planned industrial.
    Where is this land located?
    The property is located at NE Strother Road Lees Summit, MO.
    What is the asking price?
    The asking price for this property is $235,000.
    What are key features of this property?
    This property features: Prime location with access to major roads and highways.; Zoned Agriculture, Master planned Industrial.; All utilities available.
    (816) 213-0434
    We can help!
    Listing Contact
    Cristy Roecker
    Cristy Roecker
    Real Estate License ID: 1999144099
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    NE Strother Road, Lee's Summit, MO 64064
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!