1638 Us Hwy 24 Independence, MO 64050
Property profile & analytics
1638 Us Hwy 24 Independence, MO 64050
- Office buildings
- 3,750 SF
- 0.39 lot acres
Property ID
US48-0576193
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.
Location Intelligence
Current Use by Public Records
- James Brown, DDS / Dental Office
- Sleep Matters LLC / Medical Clinic
- Dr. Randal Silver / Dental Office
- James Minson Brown / Dental Office
- True Dental Group / Dental Office
Property Details for 1638 Us Hwy 24
- Year built
- 1988
- Construction
- METAL FRAME
- Lot size
- 0.39 lot acres
- Property size
- 3,750 SF
- Property type
- Office buildings
- APN
- 15-930-26-22
- APU
- 159302622
Description
This exceptional investment opportunity presents a fee-simple ownership of a 3,750 square foot Class A dental office building in Independence, Missouri. Located on a 0.39-acre corner lot at 1638 W US Hwy 24, this property boasts excellent visibility and high traffic counts, situated near national retailers such as McDonald's, Sonic, and more. The building, constructed in 1988 and extensively renovated in 2017 (including a new roof), is currently 100% occupied by True Dental Group under a new 10-year NNN lease with 3% annual rent increases and options to extend. The lease provides minimal landlord responsibilities, making this an ideal passive investment. The tenant, a multi-doctor practice operating successfully for over 15 years, offers a wide range of dental services. The $1,293,103 asking price translates to a price per square foot of $344.83 and a compelling 7.25% cap rate, based on a net operating income (NOI) of $93,750. The strong tenant, long-term lease, and prime location combine to create a resilient and attractive investment opportunity, particularly suitable for 1031 exchange purposes. The property benefits from being in a high-growth area within the Kansas City MSA, a top 30 market with over 2.34 million residents. The dental services market is experiencing significant growth, further enhancing the long-term value of this asset. This is a rare opportunity to acquire a stable, high-performing dental office investment with significant upside potential.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Independence
- County
- Jackson
- State
- Missouri
- Longitude
- -94.4357
- Latitude
- 39.1024
- 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
$11,787
$23,776
$119,840
$143,616
-
$0.00
$0.00
$448,800
