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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1121 Independence Ave Lees Summit, MO 64086-5504

    • Office buildings
    • 2,471 SF
    • 2.01 lot acres
    OFF-MARKET
    Value Estimations
    $405,000
    Show details
    Cap Rate Potential
    8.6%
    Office buildings
    Location Intelligence
    Property ID
    US48-0664893
    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

    • Office buildings

    Property Details for 1121 Independence Ave

    Year built
    2001
    Construction
    WOOD
    Lot size
    2.01 lot acres
    Property size
    2,471 SF
    Property type
    Office buildings
    APN
    52-810-09-30
    APU
    528100930

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $325,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $465,000
      6.5%
      $430,000
      7%
      $400,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $445,000
      Market price range: $129k - $446k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $285,000
      Current use
      COMMERCIAL (GENERAL)
      $440,000
      Change: +53% Conversion: Easy
      AUTO REPAIR, GARAGE
      $255,000
      Change: -11% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Lees Summit
    County
    Jackson
    State
    Missouri
    Longitude
    -94.3639
    Latitude
    38.9334
    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
    $0.00
    $56,924
    $479,427
    $536,351
    -
    $0.00
    $0.00
    $2,822,900

    Comparable in this City

    • Value Estimation
      $535,000
      484,209 SF

      800 Blue Pkwy

      OFFICE BUILDING • 484,209 SF
      800 Blue Pkwy, Lees Summit, MO 64086
      View Details
    • Value Estimation
      $255,000
      1,312 SF

      600 Colbern Rd

      OFFICE BUILDING • 1,312 SF
      600 Colbern Rd, Lees Summit, MO 64086-4712
      View Details
    • Value Estimation
      $615,000
      21,561 SF

      301 Mulberry St

      OFFICE BUILDING • 21,561 SF
      301 Mulberry St, Lees Summit, MO 64086-6031
      View Details
    • Value Estimation
      $445,000
      17,530 SF

      400 Unity Cir

      OFFICE BUILDING • 17,530 SF
      400 Unity Cir, Lees Summit, MO 64086-6079
      View Details
    • Value Estimation
      $390,000
      8,448 SF

      907 Colbern Rd

      OFFICE BUILDING • 8,448 SF
      907 Colbern Rd, Lees Summit, MO 64086-5471
      View Details
    • Value Estimation
      $420,000
      13,600 SF

      1200 Windsor Dr

      OFFICE BUILDING • 13,600 SF
      1200 Windsor Dr, Lees Summit, MO 64086-5594
      View Details

    Similar Nearby for Sale

    • $3,500,000
      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
    • $360,000

      1324 Windsor Dr

      Medical offices
      1324 Windsor Dr, Lee's Summit, MO 64086
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    • $450,000
      Pending

      Prime Office Condo Opportunity

      Well-located office/medical condo in Lee's Summit business corridor.
      232 NE Tudor Rd, Lees Summit, MO 64086
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    • $925,000
      3.80 Acres

      Lake Lotawana Commercial Land

      3.8 Acres, Prime Development Opportunity
      0 Swq Of Colbern Rd & Lk Lotawana Rd, Lake Lotawana, MO 64086
      View Details
    • $1,600,000
      13.76 Acres

      Blue Springs Commercial Land Investment

      13.76 Acres, $1.6M Asking Price
      7 Hwy & Colbern Rd, Blue Springs, MO 64086
      View Details
    • Contact for pricing
      1.45 Acres

      Lee's Summit Commercial Land

      High-traffic pad sites, prime location.
      0 Us Highway 50, Lee's Summit, MO 64086
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    Similar Nearby for Lease

    • $75 SF/Yr
      16,554 SF

      Lee's Summit Executive Suites

      Modern office space, flexible options.
      200 Missouri Rd, Lee's Summit, MO 64086
      View Details
    • $15 SF/Yr
      20,226 SF

      Windsor Drive Office Complex

      Prime Office Space Available Now
      1200-1270 Windsor Dr, Lee's Summit, MO 64086
      View Details
    • Contact for pricing
      20,000 SF

      Lees Summit Office Space

      20000 square feet of office space in Lees Summit.
      1641 NW Blue Pkwy, Lees Summit, MO 64086
      View Details
    • $15 SF/Yr
      900 SF

      Lees Summit Office Space

      900 SF office space available for lease.
      1200 NE Windsor Dr, Lees Summit, MO 64086
      View Details
    • $18 SF/Yr
      53,327 SF

      Deer Brook Plaza: Lee's Summit Office Space

      Prime Lee's Summit office suites, newly renovated.
      1125 Rice Rd, Lee's Summit, MO 64086
      View Details
    • $18 SF/Yr
      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
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    1121 Independence Ave
    Lees Summit, MO 64086-5504
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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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