Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Jones Rd Independence, MO 64056
    Property profile & analytics

    Jones Rd, Independence, MO 64056

    View on Map
    • Land
    • 99.70 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Jones Rd

    Lot size
    99.70 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional 99.7-acre property in Independence, Missouri, presents a unique development opportunity. Located near the Rockwell Estates subdivision, this land offers significant potential. Previously approved for residential development as a continuation of Rockwell Estates, although approvals have since expired and will require city re-approval. The property comprises three contiguous parcels: a 25.83-acre northern parcel, a 39.79-acre southern parcel, and a 30.97-acre western parcel. Its prime location within a rapidly expanding area, surrounded by other thriving subdivisions, makes it highly attractive for residential development. The property is zoned for residential use, providing a clear path for future projects. Detailed plans and documents related to the previous approval are available upon request. This is an excellent investment opportunity for developers seeking to capitalize on the strong demand for residential properties in this desirable area of Jackson County. The asking price is $2,000,000. The property's address is N/A Jones Rd, Independence, MO 64056. Further information and details are available.

    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
    -94.3469
    Latitude
    39.1239

    Comparable in this City

    • Value Estimation by Request
      41.00 Acres

      Tbd Rd

      Farms
      0 Tbd Rd, Independence, MO 64056
      View Details
    • Value Estimation by Request
      108.20 Acres

      20912 Us 24 Hwy

      Farms
      20912 Us 24 Hwy, Independence, MO 64056
      View Details
    • Value Estimation by Request
      16.00 Acres

      20100 Mo 78 Hwy

      Farms
      20100 Mo 78 Hwy, Independence, MO 64056
      View Details
    • Value Estimation by Request

      18710 Truman Rd

      Land
      18710 Truman Rd, Independence, MO 64056
      View Details
    • Value Estimation by Request
      10.64 Acres

      1300 Van Maele Rd

      Land
      1300 Van Maele Rd, Independence, MO 64056
      View Details
    • Value Estimation by Request
      2.25 Acres

      18901 Us Highway 24

      Land
      18901 Us Highway 24, Independence, MO 64056
      View Details

    Similar Nearby for Sale

    • $896,334
      41.00 Acres

      41 Acres Independence, MO Land

      Prime Development Land, Seller Financing
      0 Tbd Rd, Independence, MO 64056
      View Details
    • Contact for pricing

      Agricultural Property on Highway 24

      Agricultural property for sale on East US Highway 24.
      22721 E Us Highway 24, Independence, MO 64056
      View Details
    • Contact for pricing
      Pending

      New Duplex with Open Layout

      New 3-bedroom duplex featuring modern finishes and open floor plan.
      20925 E 8Th St S, Independence, MO 64056
      View Details
    • Contact for pricing

      Kansas City Northland Development Land

      Prime development land in a high-traffic, high-income area.
      8712 N Indiana Ave, Kansas City, MO 64056
      View Details
    • $38,000
      0.53 Acres

      Half Acre Lot in Osage

      Half acre level lot in Osage Village, Independence, Missouri.
      18729 E 13Th Terrace Ct N, Independence, MO 64056
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land in Independence Business District

      Land available for lease in established Independence, MO area.
      18901 East Us Highway 24, Independence, MO 64056
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in Upgraded Center

      Retail spaces available in recently upgraded shopping center.
      17911-18011 E Us Highway 24, Independence, MO 64056
      View Details
    • Contact for pricing
      155,000 SF

      Independence Warehouse Space Available

      112,000 square foot warehouse space for rent in Independence.
      1500 W Geospace Dr, Independence, MO 64056
      View Details
    • Contact for pricing
      24,654 SF

      Retail Space for Lease

      Retail property available for lease in Independence, Missouri.
      17403 E Us Highway 24, Independence, MO 64056
      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.
    Jones Rd
    Independence, MO 64056
    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
    Jones Rd, Independence, MO, 64056
    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!