Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1420 Noland Rd Independence, MO 64055

    • Parking lots & garages
    • 5,738 SF
    • 0.79 lot acres
    OFF-MARKET
    Value Estimations
    $750,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US48-0680081
    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

    • Parking lots & garages

    Property Details for 1420 Noland Rd

    Year built
    1979
    Lot size
    0.79 lot acres
    Property size
    5,738 SF
    Property type
    Parking lots & garages
    APN
    26-530-15-33-02-1
    APU
    265301533021

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      PARKING LOT
      $845,000
      Current use
      COMMERCIAL (GENERAL)
      $835,000
      Change: -1% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $790,000
      Change: -7% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $700,000
      Change: -17% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Independence
    County
    Jackson
    State
    Missouri
    Longitude
    -94.4145
    Latitude
    39.0748
    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
    $5,187
    $126,400
    $0.00
    $126,400
    -
    $0.00
    $0.00
    $395,000

    Comparable in this City

    • Value Estimation by Request
      0.13 Acres

      119 23rd St

      PARKING LOT • 0.13 Acres
      119 23rd St, Independence, MO 64055-1259
      View Details
    • Value Estimation by Request
      0.83 Acres

      Independence, MO 64055

      PARKING LOT • 0.83 Acres
      Independence, MO 64055
      View Details
    • Value Estimation by Request
      1,448 SF

      222 Bellevista Dr

      PARKING LOT • 1,448 SF
      222 Bellevista Dr, Independence, MO 64055-1457
      View Details
    • Value Estimation by Request
      0.51 Acres

      Independence, MO 64055

      PARKING LOT • 0.51 Acres
      Independence, MO 64055
      View Details
    • Value Estimation by Request
      1,680 SF

      1111 23rd S St

      PARKING LOT • 1,680 SF
      1111 23rd S St, Independence, MO 64055-1615
      View Details
    • Value Estimation by Request
      1.16 Acres

      13500 Us Hwy 40

      PARKING LOT • 1.16 Acres
      13500 Us Hwy 40, Independence, MO 64055-5845
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,890 SF

      Auto Repair & Sales Building

      1,890 SF building on 0.36 acre lot for sale.
      4230 Washington Ave, Independence, MO 64055
      View Details
    • Contact for pricing
      2,184 SF

      Multi-Tenant Retail/Office Building For Sale

      2,184 SF multi-tenant retail/office building on 8,757 SF lot.
      3305 Blue Ridge Cut Off, Independence, MO 64055
      View Details
    • Contact for pricing
      6,700 SF

      Retail Pad Site Opportunity

      Retail space available in high-traffic area near major retailers.
      3945 Bolger Rd, Independence, MO 64055
      View Details
    • $365,000
      3,456 SF

      Independence Commercial Building For Sale

      3,456 SF commercial building in high-traffic area.
      13717 E 39Th St, Independence, MO 64055
      View Details
    • Contact for pricing
      3,665 SF

      Independence, Missouri Hawaiian Bros Restaurant

      A corporate-operated, long-term net lease in a high-traffic Kansas City submarket.
      4030 S Noland Rd, Independence, MO 64055
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,585 SF

      Retail End Cap with Auto

      4,585 SF retail end cap with auto features available.
      13208 E Us Highway 40, Independence, MO 64055
      View Details
    • Contact for pricing

      Anchored Retail Center For Lease

      93% occupied retail center anchored by Price Chopper.
      16611-16703 E 23Rd St South, Independence, MO 64055
      View Details
    • Contact for pricing
      2,010 SF

      Retail Space on Noland Road

      Retail property available for lease in Independence, Missouri.
      4201-42017 S Noland Rd, Independence, MO 64055
      View Details
    • Contact for pricing
      2,000 SF

      Retail Space on Noland Road

      2,000 SF retail space with high visibility available for lease.
      3801 S Noland Rd, Independence, MO 64055
      View Details
    • Contact for pricing

      Retail Space in Jackson County

      Retail spaces available for lease in a premier retail corridor.
      3709 S Noland Rd, Independence, MO 64055
      View Details
    • Contact for pricing
      1,600 SF

      Retail/Medical Space on Highway 40

      Retail or medical spaces available for lease on Highway 40.
      17000 E Us Highway 40, Independence, MO 64055
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1420 Noland Rd
    Independence, MO 64055
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!