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    Property profile & analytics

    37715 Us Hwy 50 Hwy Lone Jack, MO 64070

    • Retail properties
    For Sale
    View listing
    $623,330
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 37715 Us Hwy 50 Hwy

    Year built
    1994
    Property type
    Retail properties

    Description

    This exceptional retail property, located at 37715 E US Highway 50 Highway in Lone Jack, Missouri, presents a unique investment opportunity. The single-story, 1994-built steel building with a steel roof sits on a substantial 86,890 square foot lot. Previously used for selling skid loader attachments, the interior and exterior items are not included in the sale price of $623,330. Interested parties can inquire separately about purchasing any existing equipment. The expansive parking area features a mix of heavy-packed gravel and blacktop surfaces. Concrete barriers, included in the sale, delineate the approximate lot boundaries. The property's high-visibility location on Highway 50 offers significant potential for a variety of retail businesses. The zip code is 64070, and the property is situated in Jackson County. This is a rare opportunity to acquire a substantial retail space with ample parking in a desirable location. The property's size and highway frontage make it ideal for businesses requiring significant space and high visibility. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lone Jack
    County
    Jackson
    State
    Missouri
    Longitude
    -94.1845
    Latitude
    38.8702

    Comparable in this City

    • Value Estimation
      $365,000
      0.34 Acres

      Lone Jack, MO 64070

      RETAIL STORES (PERSONAL SERVICES) • 0.34 Acres
      Lone Jack, MO 64070
      View Details
    • Value Estimation
      $205,000
      1,925 SF

      306 Bynum Rd

      RESTAURANT • 1,925 SF
      306 Bynum Rd, Lone Jack, MO 64070-8508
      View Details
    • Value Estimation
      $270,000
      4.88 Acres

      Lone Jack, MO 64070

      PARKING LOT • 4.88 Acres
      Lone Jack, MO 64070
      View Details
    • Value Estimation
      $270,000
      1,656 SF

      102 Bynum Rd

      FINANCIAL BUILDING • 1,656 SF
      102 Bynum Rd, Lone Jack, MO 64070-9547
      View Details
    • Value Estimation
      $485,000
      2,520 SF

      37605 Us Hwy 50

      RETAIL STORES (PERSONAL SERVICES) • 2,520 SF
      37605 Us Hwy 50, Lone Jack, MO 64070-9262
      View Details
    • Value Estimation by Request
      4.00 Acres

      50 Hwy

      COMMERCIAL (GENERAL) • 4.00 Acres
      50 Hwy, Lone Jack, MO 64070
      View Details

    Similar Nearby for Sale

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      Lone Jack Retail Building - Highway 50

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      Lone Jack Farmland with Highway Access

      Multi-generational family farm with highway access and development potential.
      14913 S Outer Belt Ext, Lone Jack, MO 64070
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    • $300,000
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      Lone Jack Farm: 8.59 Acres

      Missouri farmland with stunning views.
      36400 Bynum Spur Rd, Lone Jack, MO 64070
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    • $298,000

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    Lone Jack, MO 64070
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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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