Property profile

11525 Us Hwy 24 Independence, MO 64054

OFF-MARKET
Retail space
Property ID
US48-0817029
3,655 SF 0.58 ac lot Built 1987
Entity Owned 12-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This 3,500 square foot retail property, located at 11525 E US Hwy 24 in Independence, Missouri (zip code 64054), is available for $450,000. Situated on a spacious 25,240 square foot lot, this property boasts a prime location ideal for a convenience store or other adaptable retail businesses. The building underwent a complete rehabilitation in 2022, including a new roof, plumbing system, electrical upgrades, and a completely renovated interior. The parking lot has also been updated. The current tenant, a laundromat, is relocating, presenting a unique opportunity for a new business to establish itself in this high-traffic area. The property's excellent condition and strategic location make it an attractive investment opportunity. Please note that the current tenant should not be disturbed. Jackson County location offers easy access to major roadways and a strong customer base. This is a turnkey operation ready for immediate occupancy.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1987
Construction WOOD
Total area 3,655 SF
Lot 0.58 ac (25,265 SF)
APN 26-320-05-05
UPID US48-0817029

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Insurance Agency
  • (Bike/Boat/Book/etc) Store
  • Mobile Phone Store Electronics & Wireless Store

Location

11525 Us Hwy 24 Independence, MO 64054-1519
Independence metro Census 11002 KANSAS CITY, MO-KS METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$350k
CAP Approach CAP
$680k
Comparable Approach Comparable
$496k
Blend (final) Blend
$510k

Owner & transaction history

since 2014
1 recorded transaction
2014
Price N/A

Zoning & alternative use

Top alternative use upside
Commercial (general) $685,000 +32.4%
Auto repair, garage $545,000 +5.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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