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    1006 N Jesse James Rd Excelsior Springs, MO 64024
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    1006 N Jesse James Rd, Excelsior Springs, MO 64024

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    • Medical Office Space
    • 3.01 lot acres
    For Sale
    $550,000
    View Listing →
    Medical Office Building with Walkout Basement For Sale
    $550,000
    3,637 SF

    Medical Office Building with Walkout Basement

    Built in 1996, this medical facility offers patient rooms, offices, and a partially finished walkout lower level.

    1006 N Jesse James Road, Excelsior Springs, MO 64024
    View Listing
    Property ID
    US48-0021325
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Medical Office Space

    Property Details for 1006 N Jesse James Rd

    Year built
    1998
    Lot size
    3.01 lot acres
    Property type
    Medical Office Space

    Description

    This exceptional investment opportunity presents two adjoining medical office buildings situated on a spacious 3.01-acre lot in Excelsior Springs, Missouri. The property, located at 1006 & 1010 N Jesse James Road, zip code 64024, comprises two buildings, each offering 3,637 square feet of main floor space. Both buildings boast fully finished walkout basements, providing additional office and meeting space. Each building includes a one-car garage area with a garage door, and convenient access doors with parking at both the front and rear. The buildings offer ample parking, ensuring easy accessibility for patients and staff. Reliable climate control is ensured with four AC units and four furnaces in each building. While one building was constructed in 1996, the other was built in 2007, showcasing a blend of established and newer construction. This versatile property is ideally suited for a variety of commercial uses, including medical practices, professional offices, or other similar businesses. The asking price for this substantial property is $1,200,000. The property's location in Clay County offers excellent visibility and accessibility. This is a rare opportunity to acquire a substantial, well-maintained commercial property in a desirable location. The total square footage is 7,274 square feet across the two buildings.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Excelsior Springs
    County
    Clay
    State
    Missouri
    Longitude
    -94.2362307
    Latitude
    39.3516632

    Comparable in this City

    • New
      $550,000
      1.59 Acres

      Medical Office Building with Walkout Basement

      Built in 1996, this medical facility offers patient rooms, offices, and a partially finished walkout lower level.
      1006 N Jesse James Rd, Excelsior Springs, MO 64024
      View Details
    • $950,000
      2,700 SF

      Flex Warehouse with Overhead Doors

      Flex warehouse with insulated motorized overhead doors plus office space in a multi-building yard on M-2.
      1900 W Us 69 Hwy, Excelsior Springs, MO 64024
      View Details
    • $435,000
      0.22 Acres

      Downtown Excelsior Springs Commercial Building

      Solid commercial building with parking in downtown Excelsior Springs, MO.
      118 Spring St, Excelsior Springs, MO 64024
      View Details
    • $170,000
      2,460 SF

      Downtown Excelsior Springs Commercial Building

      Versatile commercial building in downtown Excelsior Springs, Missouri.
      321 W Broadway Ave, Excelsior Springs, MO 64024
      View Details
    • Contact for pricing

      Commercial Land on Highway 69

      4.3 acres with commercial zoning and highway visibility.
      69 N Highway, Excelsior Springs, MO 64024
      View Details

    Similar Nearby for Sale

    • New
      $550,000
      1.59 Acres

      Medical Office Building with Walkout Basement

      Built in 1996, this medical facility offers patient rooms, offices, and a partially finished walkout lower level.
      1006 N Jesse James Rd, Excelsior Springs, MO 64024
      View Details
    • $950,000
      2,700 SF

      Flex Warehouse with Overhead Doors

      Flex warehouse with insulated motorized overhead doors plus office space in a multi-building yard on M-2.
      1900 W Us 69 Hwy, Excelsior Springs, MO 64024
      View Details
    • $170,000
      2,460 SF

      Downtown Excelsior Springs Commercial Building

      Versatile commercial building in downtown Excelsior Springs, Missouri.
      321 W Broadway Ave, Excelsior Springs, MO 64024
      View Details
    • $435,000
      0.22 Acres

      Downtown Excelsior Springs Commercial Building

      Solid commercial building with parking in downtown Excelsior Springs, MO.
      118 Spring St, Excelsior Springs, MO 64024
      View Details
    • Contact for pricing

      Commercial Land on Highway 69

      4.3 acres with commercial zoning and highway visibility.
      69 N Highway, Excelsior Springs, MO 64024
      View Details
    View Listing
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    Excelsior Springs, MO 64024
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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.

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