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    Property profile & analytics

    12200 Craig Dr Grandview, MO 64030

    • Commercial real estate
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US48-0872205
    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

    • Commercial real estate

    Property Details for 12200 Craig Dr

    Property type
    Commercial real estate

    Description

    This exceptional 9,440 square foot residential lot, located at 12200 Craig Drive in Grandview, Missouri (zip code 64030), presents a unique opportunity to build your dream home. Situated in the desirable Creekwood Subdivision, this property offers convenient access to both Grandview and Lee's Summit amenities. Lot 5 is ideally positioned for new construction, providing a peaceful setting with the added benefit of proximity to water and sewer lines. While connection costs are the buyer's responsibility, the convenience of nearby utilities simplifies the building process. Imagine waking up to the sounds of nature, as this lot is bordered by over 100 acres of undeveloped forest across the creek, offering a tranquil escape from city life. The Creekwood neighborhood itself is named for the creek that runs nearby, adding to the natural beauty of the area. This is a rare chance to own a piece of land in a sought-after location, perfect for creating a custom home in a serene environment. The property is in Jackson County, Missouri. Don't miss this chance to build your dream home in this beautiful setting.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Grandview
    County
    Jackson
    State
    Missouri
    Longitude
    -94.513203
    Latitude
    38.902551

    Comparable in this City

    • Contact for pricing
      0.23 Acres

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    • $699,000
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      Grandview MO Multi-Use Land

      7.48 Acres, Endless Potential
      7905 High Grove Rd, Grandview, MO 64030
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      Grandview Residential Land Opportunity

      9,463 sq ft lot, $29,000
      8001 Southview Dr, Grandview, MO 64030
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    • $1,800,000
      4.00 Acres

      Grandview MO Townhouse Development

      Prime 4-acre development land, 60 units approved.
      1402 Goode Ave, Grandview, MO 64030
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    • $9,600,000
      Pending

      121-Unit Multifamily Complex in Grandview

      Stabilized asset with assumable loan in Grandview, Missouri.
      13901 Grandboro Ln, Grandview, MO 64030
      View Details
    • $165,000
      1,400 SF

      Move-in Ready Townhouse Opportunity

      Updated 3-bedroom, 2.5-bath townhouse near Highway 71.
      6208 E 129Th St, Grandview, MO 64030
      View Details

    Similar Nearby for Sale

    • $699,000
      7.48 Acres

      Grandview MO Multi-Use Land

      7.48 Acres, Endless Potential
      7905 High Grove Rd, Grandview, MO 64030
      View Details
    • Contact for pricing

      Grandview Residential Land Opportunity

      9,463 sq ft lot, $29,000
      8001 Southview Dr, Grandview, MO 64030
      View Details
    • Contact for pricing
      0.23 Acres

      Grandview Missouri Residential Land

      Build Your Dream Home on 0.23 Acres
      5812 149Th St, Grandview, MO 64030
      View Details
    • $1,800,000
      4.00 Acres

      Grandview MO Townhouse Development

      Prime 4-acre development land, 60 units approved.
      1402 Goode Ave, Grandview, MO 64030
      View Details
    • $165,000
      1,400 SF

      Move-in Ready Townhouse Opportunity

      Updated 3-bedroom, 2.5-bath townhouse near Highway 71.
      6208 E 129Th St, Grandview, MO 64030
      View Details
    • $9,600,000
      Pending

      121-Unit Multifamily Complex in Grandview

      Stabilized asset with assumable loan in Grandview, Missouri.
      13901 Grandboro Ln, Grandview, MO 64030
      View Details

    Similar Nearby for Lease

    • $3 SF/Yr
      105,145 SF

      Grandview Warehouse: 105,145 SF

      High-ceiling warehouse, ideal for industrial use.
      301 High Grove Rd, Grandview, MO 64030
      View Details
    • $2,000 /Mo
      2,000 SF

      Retail Space with Dedicated Parking

      Retail space available May 1st with dedicated parking.
      12142 Blue Ridge Ext, Grandview, MO 64030
      View Details
    • $21 SF/Yr
      8,880 SF

      Linwood Plaza Retail Space

      Grandview, MO retail space available.
      3429 Main St, Grandview, MO 64030
      View Details
    • $15 SF/Yr
      3,300 SF

      Retail Space on Main Street

      3300 SF retail space with high traffic and parking.
      6500 Main St, Grandview, MO 64030
      View Details
    • $5 SF/Yr
      191,800 SF

      Prime Jackson County Warehouse

      191,800 SF Warehouse - For Lease
      13201 Arrington Rd, Grandview, MO 64030
      View Details
    • $1,500 /Mo
      1,200 SF

      Office Space with Open Layout

      Office space featuring an open floor plan and restroom.
      12710 S Us Highway 71, Grandview, MO 64030
      View Details
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    12200 Craig Dr
    Grandview, MO 64030
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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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