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    Property profile & analytics

    1600 Coronado Dr Blue Springs, MO 64014

    • Office buildings
    • 13,672 SF
    • 3.94 lot acres
    For Sale
    View listing
    $7,250,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US48-0514863
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • TAB / Office Equipment Supplier
    • MedSuppGuide by Heartland Financial / Health Insurance Agency
    • Heartland Financial Group / Marketing Agency / Insurance Agency
    • Briscoe Erica L / Attorney
    • ATM / Atm

    Property Details for 1600 Coronado Dr

    Year built
    1998
    Construction
    WOOD
    Lot size
    3.94 lot acres
    Property size
    13,672 SF
    Property type
    Office buildings
    APN
    36-500-04-28
    APU
    365000428

    Description

    This exceptional Class A office building presents a compelling investment opportunity in Blue Springs, Missouri. The property, located at 1600 NE Coronado Dr, boasts 41,400 square feet of space across three stories, situated on a generous 3.95-acre lot. Built in 1998 and renovated in 2005, the building offers a mix of creative, executive, and traditional office spaces, currently 100% occupied by a single national tenant under a double net (NN) lease expiring July 1, 2027. The lease provides a stable income stream with a strong 6.60% capitalization rate. The asking price is $7,250,000, translating to $175.12 per square foot based on the 37,000 square feet of net rentable area. Ample parking is available with 120 spaces. This well-maintained property offers a secure investment with excellent long-term potential, strategically located near I-70, Adams Dairy, and Highway 7, providing convenient access to major transportation routes and amenities. The property's strong tenant occupancy and favorable lease terms make it an attractive addition to any investment portfolio. The building's versatile layout and prime location in Jackson County, MO, 64014, ensure continued high demand.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,857,000
      Market price range: $578k - $1.86M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,290,000
      Current use
      COMMERCIAL (GENERAL)
      $2,070,000
      Change: +61% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $1,870,000
      Change: +45% Conversion: Easy
      RESTAURANT
      $1,765,000
      Change: +37% Conversion: Moderate
      RETAIL STORES
      $1,405,000
      Change: +9% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $1,220,000
      Change: -5% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Blue Springs
    County
    Jackson
    State
    Missouri
    Longitude
    -94.2406
    Latitude
    39.0253
    CBSA code
    28140
    CBSA name
    KANSAS CITY, MO-KS METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $105,524
    $461,632
    $1,401,984
    $1,863,616
    -
    $0.00
    $0.00
    $5,823,800

    Comparable in this City

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      22,960 SF

      101 Magellan Dr

      OFFICE BUILDING • 22,960 SF
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    • Value Estimation
      $515,000
      5,696 SF

      1500 State Rte 7s

      OFFICE BUILDING • 5,696 SF
      1500 State Rte 7s, Blue Springs, MO 64014-3943
      View Details
    • Value Estimation
      $1,230,000
      10,528 SF

      505 Adams Dairy Pkwy

      OFFICE BUILDING • 10,528 SF
      505 Adams Dairy Pkwy, Blue Springs, MO 64014-5487
      View Details
    • Value Estimation by Request
      2,800 SF

      600 Mock Ave, Unit B

      OFFICE BUILDING • 2,800 SF
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      View Details
    • Value Estimation by Request
      2,760 SF

      1400 State Rte 7th A Ste A

      OFFICE BUILDING • 2,760 SF
      1400 State Rte 7th A Ste A, Blue Springs, MO 64014-3582
      View Details
    • Value Estimation by Request
      4,800 SF

      403 State Rte 7th 7

      OFFICE BUILDING • 4,800 SF
      403 State Rte 7th 7, Blue Springs, MO 64014-2732
      View Details

    Similar Nearby for Sale

    • $7,250,000
      41,400 SF

      Blue Springs Office Building Investment

      Fully Leased Class A Office, High Cap Rate
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      View Details
    • $1,645,000
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      Swig Drive-Thru Blue Springs MO

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      3.99 Acre Commercial Land Parcel

      3.99 acres of land zoned for general business.
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      Residential lot available in Blue Springs, Missouri's Hoot Owl Ridge.
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    Similar Nearby for Lease

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      Blue Springs Medical Office Space

      Prime Medical Office Suites Available
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      Blue Springs Office Space for Lease

      Move-in ready office, high visibility, I-70 frontage.
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      1,919 SF

      Blue Springs Office Space Available

      Office space available for rent in Blue Springs, Missouri.
      206 NW Mock Ave, Blue Springs, MO 64014
      View Details
    • $14 SF/Yr

      Office/Retail Space with Ample Parking

      Charming building suitable for office or retail with customization options.
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      View Details
    • Contact for pricing
      10,006 SF

      Blue Springs Office Space Available

      Office space available for rent in Blue Springs, Missouri.
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      View Details
    • $192 SF/Yr
      2,370 SF

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      View Details
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    1600 Coronado Dr
    Blue Springs, MO 64014
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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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