Technical
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Property profile

1400 Colbern Rd Lee's Summit, MO 64086

OFF-MARKET
Land
Property ID
US48-0629917
10 ac lot
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Property summary

AI-generated overview

This exceptional 10-acre commercial property in Lee's Summit, Missouri, is ideally situated on Colbern Road, offering convenient access to Highway 470. The property includes a 4,200 square foot house with a 1,200 square foot, separately accessed office space. Additionally, there's a substantial 40' x 50' metal building featuring 16' side walls, and multiple interior spaces including a 12' x 14' area and a 12' x 12' area, plus a walk-in door. The existing house, a custom-built 1987 structure with 2" x 6" kiln-dried framing, requires updating and maintenance. However, the true value lies in the land itself and its significant development potential. A prior verbal agreement with Lee's Summit designates the front portion for commercial use and the rear for multi-family residential development. This presents a unique opportunity for investors seeking a prime location with flexible zoning possibilities. The property is priced at $950,000 and is located at 1400 NE Colbern Rd, Lee's Summit, MO 64086, in Jackson County.

Property profile

Verified
Property type Land
Lot 10 ac (435,600 SF)
UPID US48-0629917

Cap rate & NOI

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

Location

1400 Colbern Rd Lee's Summit, MO 64086
Lee's Summit metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

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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