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    OFF-MARKET
    Office buildings

    11411 23rd S St, Independence, MO 64052-3627

    2,160 SF 0.26 ac lot Built 1965
    Entity Owned 21-yr Hold Absentee Owner Free & Clear
    Property ID
    US48-0505030
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a portfolio sale encompassing two buildings situated at 11411 and 11413-11417 E 23rd Street in Independence, Missouri, 64052. The asking price for this package is $545,000. The main building (11413-11417) and a substantial secondary building (11411) are both included in this sale. Building 11411, a single-story storefront structure built in 1980, sits on an 11,326 square foot lot and features a large, currently unused basement walkout space. The portfolio boasts a diverse mix of six tenants, ensuring 100% occupancy. Amenities include nearly 20 parking spaces and a wheelchair-accessible ramp. This property is ideal for investors seeking to expand their commercial holdings in a thriving location. The diverse tenant mix ranges from a barbershop to a thrift store, indicating a strong and stable rental income stream. The significant unused basement space in the secondary building presents a unique opportunity for expansion or value-add improvements. This is a rare chance to acquire a well-located, fully occupied commercial property portfolio in a desirable area of Independence, Missouri.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1965
    Construction WOOD
    Total area 2,160 SF
    Lot 0.26 ac (11,326 SF)
    APN 26-430-05-12
    UPID US48-0505030
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • 10-42 Construction Construction Company
    • Iglesia Pentecostal Fuego Y Avivamiento Church
    • Localatte KC Take-out & Catering Cafe & Coffee Shop
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Kelley Korner LLC · 21 yrs held
    Kelley Korner LLC
    since 2005
    5 recorded transactions
    2016
    2005
    1969
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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