Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    4228 Hocker Ave Independence, MO 64055

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4228 Hocker Ave Independence, MO 64055

    View on Map
    • Office properties & Spaces
    • 10,500 SF
    • 0.76 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • BizListPro / Marketing & Advertising
    • Patbizbroker / Business Broker
    • PGS Worldwide / Construction Company / General Contractor

    Property Details for 4228 Hocker Ave

    Year built
    1985
    Lot size
    0.76 lot acres
    Property size
    10,500 SF
    Property type
    Office properties & Spaces

    Description

    This 10,500 square foot, three-story Class B office building in Independence, Missouri, is available for $595,000. Located at 4228 S. Hocker Ave., this vacant property sits on a 0.76-acre lot (APN: 33-240-10-18-00-0-00-000) and offers significant potential. Built in 1985, the building is easily divisible into three 3,500 square foot floors, each with separate entrances. The lower level features 12 private offices, two bathrooms, a kitchen, two storage rooms, an open bullpen, and a conference area. The main floor includes three executive offices (one with a private bathroom), five private offices, two bathrooms, a kitchen, and an open bullpen. The upper floor offers two executive offices, ten private offices, two bathrooms, a kitchen, and a large conference room. Amenities include grade-level entry to the lower level from the rear, a parking lot entry to the second floor, and stairwells on both the front and rear of the building. The roof has an estimated useful life of 10-15 years. Annual HOA fees are $3,200, and annual insurance costs are $2,500. 2023 property taxes totaled $8,669. This property presents a unique opportunity for investors or businesses seeking a versatile and well-located office space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Independence
    County
    Jackson
    State
    Missouri
    Longitude
    -94.4082
    Latitude
    39.0428

    Comparable in this City

    • Value Estimation by Request
      2,076 SF

      19045 Vly Vw Pkwy

      CONDOMINIUM OFFICES • 2,076 SF
      19045 Vly Vw Pkwy, Independence, MO 64055-7030
      View Details
    • Value Estimation by Request
      3,324 SF

      19045 Vly Vw Pkwy

      CONDOMINIUM OFFICES • 3,324 SF
      19045 Vly Vw Pkwy, Independence, MO 64055-7030
      View Details
    • Value Estimation by Request
      2,700 SF

      19201 Vly Vw Pkwy

      CONDOMINIUM OFFICES • 2,700 SF
      19201 Vly Vw Pkwy, Independence, MO 64055-6910
      View Details
    • Value Estimation by Request
      1,224 SF

      4317 Riv Blvd Ste A

      CONDOMINIUM OFFICES • 1,224 SF
      4317 Riv Blvd Ste A, Independence, MO 64055-4586
      View Details
    • Value Estimation by Request
      0.13 Acres

      911 23Rd St

      Office properties & Spaces • 0.13 Acres
      911 23Rd St, Independence, MO 64055
      View Details
    • Value Estimation by Request

      911 23Rd St

      Office properties & Spaces
      911 23Rd St, Independence, MO 64055
      View Details

    Similar Nearby for Sale

    • $449,000
      0.17 Acres

      Prime Office Building, Independence, MO

      High-visibility office, ample parking, owner financing possible.
      129 23Rd St, Independence, MO 64055
      View Details
    • $149,900
      0.13 Acres

      Prime Independence Office Space

      Charming Office, Ideal Location, $149,900
      911 23Rd St, Independence, MO 64055
      View Details
    • Contact for pricing
      2,184 SF

      Multi-Tenant Retail/Office Building For Sale

      2,184 SF multi-tenant retail/office building on 8,757 SF lot.
      3305 Blue Ridge Cut Off, Independence, MO 64055
      View Details
    • $365,000
      3,456 SF

      Independence Commercial Building For Sale

      3,456 SF commercial building in high-traffic area.
      13717 E 39Th St, Independence, MO 64055
      View Details
    • Contact for pricing
      10,500 SF

      Independence Office Building For Sale

      Three-story office building with divisible floors and separate entrances.
      4228 S Hocker Dr, Independence, MO 64055
      View Details
    • Contact for pricing
      37,080 SF

      Office Building Sale Leaseback Opportunity

      Office building with leaseback opportunity and available leasable space.
      3640 S Noland Rd, Independence, MO 64055
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Office Space for Lease

      Office space available for lease in Independence, Missouri.
      4911 S Arrowhead Dr, Independence, MO 64055
      View Details
    • Contact for pricing

      Renovated Office Space Available

      Newly renovated office space with conference room and cubicles.
      13801A E Us Highway 40, Independence, MO 64055
      View Details
    • Contact for pricing
      1,361 SF

      Office Space with Private Restroom

      Office space featuring private offices, restroom, and designated storage.
      14405 E 42Nd St S, Independence, MO 64055
      View Details
    • Contact for pricing
      2,357 SF

      Office Space Near I-70/I-470

      Centrally located office space with good highway visibility.
      4721-4731 S Cliff Ave, Independence, MO 64055
      View Details
    • Contact for pricing
      1,600 SF

      Retail/Medical Space on Highway 40

      Retail or medical spaces available for lease on Highway 40.
      17000 E Us Highway 40, Independence, MO 64055
      View Details
    • $18 SF/Yr
      43,560 SF

      Independence Office/Retail Space Available

      Office/retail space available June 1, 2026, in Independence, MO.
      18920 E Vly Vw Unit H Pkwy, Independence, MO 64055
      View Details
    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.
    4228 Hocker Ave
    Independence, MO 64055
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!