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    Property profile & analytics
    OFF-MARKET Estimated value $1,650,000
    Office buildings

    1600 Coronado Dr, Blue Springs, MO 64014-6236

    13,672 SF 3.94 ac lot Built 1998
    Entity Owned 18-yr Hold ~ Est. High Equity
    Property ID
    US48-0514863
    Property summary
    AI-generated overview

    This exceptional Class A office building presents a compelling investment opportunity in Blue Springs, Missouri. The property, located at 1600 NE Coronado Dr, boasts 41,400 square feet of space across three stories, situated on a generous 3.95-acre lot. Built in 1998 and renovated in 2005, the building offers a mix of creative, executive, and traditional office spaces, currently 100% occupied by a single national tenant under a double net (NN) lease expiring July 1, 2027. The lease provides a stable income stream with a strong 6.60% capitalization rate. The asking price is $7,250,000, translating to $175.12 per square foot based on the 37,000 square feet of net rentable area. Ample parking is available with 120 spaces. This well-maintained property offers a secure investment with excellent long-term potential, strategically located near I-70, Adams Dairy, and Highway 7, providing convenient access to major transportation routes and amenities. The property's strong tenant occupancy and favorable lease terms make it an attractive addition to any investment portfolio. The building's versatile layout and prime location in Jackson County, MO, 64014, ensure continued high demand.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1998
    Construction WOOD
    Total area 13,672 SF
    Lot 3.94 ac (171,626 SF)
    APN 36-500-04-28
    UPID US48-0514863
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • TAB Big Box & Wholesale Store
    • MedSuppGuide by Heartland Financial Insurance Agency
    • Heartland Financial Group Advertising Agency Marketing & Advertising
    • Briscoe Erica L Law Firm
    • ATM Atm
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.86M
    Blend (final) Blend
    $1.65M
    Owner & transaction history
    Heartland Props Of Missouri LLC · 18 yrs held
    Heartland Props Of Missouri LLC
    since 2007
    5 recorded transactions
    2020
    2017
    2007
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $2.1M +60.5%
    Apartment house (5+ units) $1.9M +45.0%
    Restaurant $1.8M +36.8%
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