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    17020 Us Highway 40 Independence, MO 64055

    • Neighborhood centers
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Dr. Darrell W. Davis, DDS / Dental Office
    • Davis Family Dentistry / Dental Office
    • Chad VanderPol: Allstate Insurance / Insurance Agency
    • Dr. Charles D. Donohoe, MD / Physician / Medical Clinic
    • Jackson County Audiology / Medical Clinic

    Property Details for 17020 Us Highway 40

    Property type
    Neighborhood centers
    Property subtype
    Retail properties & Spaces

    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
    -94.3799
    Latitude
    39.0354

    Comparable in this City

    • Value Estimation by Request
      11,465 SF

      3503-3545 Noland Rd

      Neighborhood centers • 11,465 SF
      3503-3545 Noland Rd, Independence, MO 64055
      View Details
    • Value Estimation by Request
      28,314 SF

      14100-14330 Noland Rd

      Lifestyle centers • 28,314 SF
      14100-14330 Noland Rd, Independence, MO 64055
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    • Value Estimation
      $550,000
      20,577 SF

      1520 23rd St S Ste M

      SHOPPING CENTER, STRIP CENTER • 20,577 SF
      1520 23rd St S Ste M, Independence, MO 64055-1600
      View Details
    • Value Estimation by Request
      4,320 SF

      1312 Noland Rd

      SHOPPING CENTER, STRIP CENTER • 4,320 SF
      1312 Noland Rd, Independence, MO 64055-1304
      View Details
    • Value Estimation by Request
      2,196 SF

      11315 Us Hwy 40th A Ste A

      SHOPPING CENTER, STRIP CENTER • 2,196 SF
      11315 Us Hwy 40th A Ste A, Independence, MO 64055-6048
      View Details
    • Value Estimation by Request
      1,681 SF

      13701 35th S St

      SHOPPING CENTER, STRIP CENTER • 1,681 SF
      13701 35th S St, Independence, MO 64055-2436
      View Details

    Similar Nearby for Sale

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      Prime Independence Commercial Space

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    • $550,000

      Prime Independence Restaurant Opportunity

      Established Restaurant, High Traffic Area
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      3,000 SF

      Retail Building in High-Traffic Area

      3,000 SF building on a shopping center pad.
      13720 E Us Highway 40, Independence, MO 64055
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    • $950,000

      Independence Retail Space - $950k

      High-traffic retail space, I-70 & US-40 access.
      4541 Noland Rd, Independence, MO 64055
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      5,195 SF

      Prime Restaurant Space, Independence, MO

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      7,232 SF

      Retail Investment Property For Sale

      7,232 SF fully occupied retail building for sale.
      13900 E Us Highway 40, Independence, MO 64055
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    Similar Nearby for Lease

    • Contact for pricing
      2,000 SF

      Noland Road Retail Space Available

      Prime Independence Retail Space, 2,000 SF
      3709 Noland Rd, Independence, MO 64055
      View Details
    • Contact for pricing
      28,314 SF

      Marketplace Shopping Center: Independence, MO

      Retail & Office Space Available: High-traffic location.
      14100-14330 Noland Rd, Independence, MO 64055
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    • Contact for pricing
      8,572 SF

      Scottsdale Center

      Neighborhood centers
      17020 Us Highway 40, Independence, MO 64055
      View Details
    • Contact for pricing
      6,723 SF

      Retail Space on Noland Road

      Retail property available for lease in Independence, Missouri.
      4201-42017 S Noland Rd, Independence, MO 64055
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    • Contact for pricing
      3,908 SF

      Retail Space For Lease/Sale

      Retail spaces and pad sites available for lease or sale.
      4600 S Noland Rd, Independence, MO 64055
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    • $10 SF/Yr
      2,800 SF

      Independence Retail Space For Lease

      High-traffic location, 2,800 sq ft available.
      3600 Noland Rd, Independence, MO 64055
      View Details
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    17020 Us Highway 40
    Independence, MO 64055
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    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
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