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    Property profile & analytics

    1211 Broadway Dr Lees Summit, MO 64081-4604

    • Industrial properties
    • 7,440 SF
    • 0.74 lot acres
    OFF-MARKET
    Value Estimations
    $650,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US48-0018831
    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

    • Williams Refractory Services, Inc. / General Contractor

    Property Details for 1211 Broadway Dr

    Year built
    1998
    Construction
    METAL FRAME
    Lot size
    0.74 lot acres
    Property size
    7,440 SF
    Property type
    Industrial properties
    Property subtype
    Loft space
    APN
    61-630-05-22
    APU
    616300522

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $626,000
      Market price range: $328k - $1.53M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $990,000
      Current use
      OFFICE BUILDING
      $890,000
      Change: -10% Conversion: Difficult
      WAREHOUSE, STORAGE
      $880,000
      Change: -11% Conversion: Easy
      RESTAURANT
      $855,000
      Change: -14% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Lees Summit
    County
    Jackson
    State
    Missouri
    Longitude
    -94.3568
    Latitude
    38.8968
    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
    $21,099
    $52,352
    $192,832
    $245,184
    -
    $0.00
    $0.00
    $766,200

    Comparable in this City

    • Value Estimation by Request
      1,500 SF

      102 16th St

      INDUSTRIAL LOFT BUILDING • 1,500 SF
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    • Value Estimation by Request
      1,380 SF

      1216 Broadway Dr

      INDUSTRIAL LOFT BUILDING • 1,380 SF
      1216 Broadway Dr, Lees Summit, MO 64081-4604
      View Details
    • Value Estimation
      $805,000
      24,000 SF

      1221 Broadway Dr

      INDUSTRIAL LOFT BUILDING • 24,000 SF
      1221 Broadway Dr, Lees Summit, MO 64081-4604
      View Details
    • Value Estimation by Request
      8,400 SF

      1051 Century Dr

      INDUSTRIAL LOFT BUILDING • 8,400 SF
      1051 Century Dr, Lees Summit, MO 64081-3281
      View Details
    • Value Estimation
      $530,000
      5,800 SF

      1316 Market St

      INDUSTRIAL LOFT BUILDING • 5,800 SF
      1316 Market St, Lees Summit, MO 64081-2903
      View Details
    • Value Estimation by Request
      4,750 SF

      1016 Hamblen Rd Ste, Unit 9

      INDUSTRIAL LOFT BUILDING • 4,750 SF
      1016 Hamblen Rd Ste, Lees Summit, MO 64081-2900
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      14.18 Acres

      Lee's Summit Commercial Land

      Retail, Office, Medical Opportunity
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      View Details
    • $1,825,000
      4,925 SF

      Modern Mixed-Use NNN Leased Building

      Mixed-use building in New Longview Commercial District with two long-term leases.
      Lees Summit, MO 64081
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    • $1,300,000
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      Versatile Commercial Property in Lee's Summit

      Remodeled commercial property with offices, warehouse, showroom, and expansion potential.
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      Lee's Summit Estate Lot - Half Acre+

      Prime residential land, build your dream home!
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      13,642 SF

      Creative Mixed-Use Space For Sale

      1,866 SF creative space with high-tech urban feel.
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    • $235,000
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      Residential Land Near Longview Mansion

      Flat lot ready for a dream home near Longview Mansion.
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      View Details

    Similar Nearby for Lease

    • $35 SF/Yr
      5,000 SF

      Lee's Summit Retail Space For Lease

      Prime retail space, multiple units available.
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      1,950 SF

      Office Space Available For Rent

      1950 square feet of office space for lease.
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    • $12 SF/Yr
      8,100 SF

      Lees Summit Office Space Available

      8,100 RSF office space with private and executive offices.
      1009 SE Browning Ave, Lees Summit, MO 64081
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    • Contact for pricing
      1,997 SF

      Lee's Summit Office Space

      Office space for rent with high traffic and income.
      450-510 NE Highway Ln, Lees Summit, MO 64081
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    • Contact for pricing
      2,590 SF

      Retail Space Available For Rent

      Retail space available for lease in Lee's Summit, Missouri.
      403-447 SW Ward Rd, Lees Summit, MO 64081
      View Details
    • Contact for pricing
      1,200 SF

      Grocery-Anchored Shopping Center Space

      Retail spaces available in high-traffic shopping center.
      400 SW Ward Rd, Lees Summit, MO 64081
      View Details
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    1211 Broadway Dr
    Lees Summit, MO 64081-4604
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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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