Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1229 Douglas St Lee's Summit, MO 64086
    Back to Search
    Property profile & analytics

    1229 Douglas St Lee's Summit, MO 64086

    View on Map
    • Retail properties & Spaces
    • 11,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 1229 Douglas St

    Year built
    2011
    Property size
    11,000 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Office Spaces

    Description

    This exceptional 1,619 square foot office space is available for lease in a recently renovated (2020) building located at 1229 NE Douglas St, Lee's Summit, MO 64086. Situated in Jackson County, this single-tenant space is part of an 11,000 square foot building constructed in 2011. The previous tenant left the space in turnkey condition, ready for immediate occupancy. The property benefits from its location on one of Lee's Summit's busiest commercial corridors, Douglas Street, providing excellent visibility and accessibility. Its proximity to major thoroughfares, including Interstate I-470, ensures convenient commuting for employees and clients. Furthermore, the location is within a half-mile radius of St. Luke's East Hospital and Lee's Summit North High School, offering a strategic advantage for businesses targeting a diverse clientele. Local management and ownership provide responsive service and flexible lease terms are available. Please note that due to parking limitations, this space is not suitable for restaurants, fitness centers, or salons. This is a fantastic opportunity for a business seeking a well-maintained, conveniently located office space in a thriving community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lee's Summit
    County
    Jackson
    State
    Missouri
    Longitude
    -94.3781
    Latitude
    38.9345

    Comparable in this City

    • Value Estimation by Request
      53,327 SF

      1125 Rice Rd

      Neighborhood centers • 53,327 SF
      1125 Rice Rd, Lee's Summit, MO 64086
      View Details
    • Value Estimation by Request

      Chipman Rd & Ward Rd

      Land
      0 Chipman Rd & Ward Rd, Lee's Summit, MO 64086
      View Details
    • Value Estimation by Request
      507,000 SF

      651-659 Blue Pkwy

      Retail properties & Spaces • 507,000 SF
      651-659 Blue Pkwy, Lone Jack, MO 64086
      View Details
    • Value Estimation by Request
      28,923 SF

      56 Sycamore St

      Retail properties & Spaces • 28,923 SF
      56 Sycamore St, Lee's Summit, MO 64086
      View Details
    • Value Estimation by Request
      3,150 SF

      270 Tudor Rd

      CONDOMINIUM OFFICES • 3,150 SF
      270 Tudor Rd, Lees Summit, MO 64086-5696
      View Details
    • Value Estimation by Request
      2,100 SF

      282 Tudor Rd

      CONDOMINIUM OFFICES • 2,100 SF
      282 Tudor Rd, Lees Summit, MO 64086-5696
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      14,356 SF

      Lee's Summit Office Building

      Office building for sale in Lee's Summit, Missouri.
      100 NE Missouri Rd, Lees Summit, MO 64086
      View Details
    • Contact for pricing
      3,675 SF

      Lee's Summit Retail Opportunity

      Retail space in a highly sought-after Lee's Summit location.
      909 NE Rice Rd, Lees Summit, MO 64086
      View Details
    • $1,250,000

      Land For Sale

      Land available for sale.
      7 Hwy & Colbern Rd, Lake Lotawana, MO 64086
      View Details
    • $200,200
      Pending

      Land For Sale

      Land available for sale.
      30207 E 135Th St, Lees Summit, MO 64086
      View Details
    • $245,000

      Lee's Summit Half Duplex

      Move-in ready 3-bedroom duplex with desirable location.
      703 NE Swann Cir, Lees Summit, MO 64086
      View Details
    • $575,000
      0.12 Acres

      Lee's Summit Multifamily Property

      Fully rented multifamily property in Lee's Summit, Missouri.
      100-106 NE Greystone Dr, Lees Summit, MO 64086
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,047 SF

      Lees Summit Office Space

      Office space available for lease in Lees Summit, Missouri.
      1901 NW Blue Pkwy, Lees Summit, MO 64086
      View Details
    • Contact for pricing

      Well-Maintained Office Complex For Rent

      High-finish office and classroom space available for lease.
      1200-1270 NE Windsor Dr, Lees Summit, MO 64086
      View Details
    • Contact for pricing

      Flexible Workspace Solutions Available

      Global network of workspaces with tailored office solutions.
      200 NE Missouri Rd, Lees Summit, MO 64086
      View Details
    • Contact for pricing
      7,678 SF

      Medical/Office Space Near Hospital

      First floor medical/office suite adjacent to St. Luke’s East.
      1741 NE Douglas St, Lees Summit, MO 64086
      View Details
    • Sponsored
      New
      Contact for pricing

      Business Exchange Building

      Discover many ways to work your way in Business Exchange Building
      200 Missouri Rd, Lees Summit, MO 64086
      View Details
    • Contact for pricing

      NW Sloan Office/Warehouse Space

      Office/warehouse space available with drive-in loading door.
      1260 NW Sloan St, Lees Summit, MO 64086
      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.
    1229 Douglas St
    Lee's Summit, MO 64086
    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
    1229 Douglas St, Lee's Summit, MO, 64086
    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!