Property profile

2150 Scherer Rd Lee's Summit, MO 64082

OFF-MARKET
Land
978 ac lot
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Property summary

AI-generated overview

This exceptional 978-acre property in Lee's Summit, Missouri, presents a unique development opportunity. Located at 2150 SW Scherer Rd, 64082, this expansive land parcel offers various site options ranging from 20 to over 300 acres, suitable for a diverse range of projects. Permitted zoning is varied, allowing for mixed-use commercial, multifamily, senior, and single-family residential development. The site boasts excellent access to major highways, including Highways 291, 150, and 50, ensuring convenient transportation. Its proximity to Longview Lake and Golf Course adds significant recreational appeal. Infrastructure is already in place for some sites, streamlining the development process. Furthermore, substantial investments in infrastructure improvements are underway, including $35.8 million allocated for Scherer Parkway and $37 million for Pyror Road. This development benefits from Lee's Summit's impressive population growth of 45% since 2000, representing a significant opportunity to acquire a substantial portion (16%) of the city's undeveloped land. The property is situated within the award-winning Lee's Summit R-7 School District. This is a rare chance to capitalize on the growth and potential of this thriving Missouri community.

Property profile

Verified
Property type Land
Lot 978 ac (42,601,680 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Fire Station

Location

2150 Scherer Rd Lee's Summit, MO 64082
Lee's Summit metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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