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    Property profile & analytics

    111 2nd St Lees Summit, MO 64063-2319

    • Retail space
    • 870 SF
    • 0.07 lot acres
    OFF-MARKET
    Value Estimation
    $305,000
    Location Intelligence
    Property ID
    US48-3343675
    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

    • Kemper Communication / Speech Pathologist / Professional Services
    • USA Mortgage / Loan Agency / Mortgage Lender
    • Jeremy Wassink - USA Mortgage / Mortgage Lender
    • Realty ONE Group Lee's Summit / Real Estate Agency
    • Maria Estelle Brows + Skin / Spa / Eyebrow Bar

    Property Details for 111 2nd St

    Year built
    1973
    Construction
    WOOD
    Lot size
    0.07 lot acres
    Property size
    870 SF
    Property type
    Retail space
    APN
    61-340-20-01
    APU
    613402001

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $355,000

    • CAP approach

      CAP return
      Estimation
      6%
      $245,000
      6.5%
      $290,000
      7%
      $245,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $255,000
      Geo Method
      $260,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $255,000
      Retail
      $255,000
      Mixed-Use
      $250,000
      Hospitality
      $225,000
      Educational
      $235,000
      Residential Income
      $235,000
      Energy
      $210,000
      Income-Based Land
      $235,000
      Food Service
      $215,000

    Location Insight

    • Map
    • Local Demand
    City
    Lees Summit
    County
    Jackson
    State
    Missouri
    Longitude
    -94.3766
    Latitude
    38.9141
    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
    $3,753
    $15,616
    $28,000
    $43,616
    -
    $0.00
    $0.00
    $136,300

    Comparable in this City

    • Value Estimation by Request
      4,485 SF

      229 Main St

      RETAIL STORES (PERSONAL SERVICES) • 4,485 SF
      229 Main St, Lees Summit, MO 64063-2331
      View Details
    • Value Estimation by Request
      2,220 SF

      307 Market St

      RETAIL STORES (PERSONAL SERVICES) • 2,220 SF
      307 Market St, Lees Summit, MO 64063-2315
      View Details
    • Value Estimation by Request
      2,333 SF

      109 3rd St

      RETAIL STORES (PERSONAL SERVICES) • 2,333 SF
      109 3rd St, Lees Summit, MO 64063-2719
      View Details
    • Value Estimation
      $570,000
      6,902 SF

      230 Main St

      RETAIL STORES (PERSONAL SERVICES) • 6,902 SF
      230 Main St, Lees Summit, MO 64063-2355
      View Details
    • Value Estimation
      $360,000
      1,400 SF

      410 Douglas St

      RETAIL STORES (PERSONAL SERVICES) • 1,400 SF
      410 Douglas St, Lees Summit, MO 64063-4247
      View Details
    • Value Estimation by Request
      909 SF

      11 3rd St

      RETAIL STORES (PERSONAL SERVICES) • 909 SF
      11 3rd St, Lees Summit, MO 64063-2324
      View Details

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    Similar Nearby for Lease

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      Retail space with high traffic and convenient highway access.
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      Lee's Summit Retail Space Available

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    • Contact for pricing
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      Retail space with high visibility and easy highway access.
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      Retail Space in Growing Suburb

      Retail spaces available in a fast-growing Kansas City suburb.
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    • Contact for pricing
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      Retail Space in Summit Fair

      Retail space available in open-air lifestyle center.
      1008 NW Blue Pkwy, Lees Summit, MO 64063
      View Details
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    111 2nd St
    Lees Summit, MO 64063-2319
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    Realmo Value Estimation

    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.

    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.

    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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