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Property profile & analytics
OFF-MARKET Estimated value $855,000
Retail space

1737 Rice Rd Lees Summit, MO 64086-5402

6,000 SF 1.42 ac lot Built 1999
Entity Owned 5-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US48-3216972
Property summary
AI-generated overview

This exceptional 6,000 square foot retail property, located at 1737 NE Rice Road in Lee's Summit, Missouri, presents a unique investment opportunity. Built in 1999 and boasting a complete interior renovation in 2006, this single-story building sits on a 1.42-acre lot and offers excellent visibility from Highway 291. Currently operating as a lawn power equipment store, the open floor plan allows for diverse business applications. The property features three offices, two restrooms (one with a shower), three to five storage rooms, a mop room with mechanicals, and a 700 square foot upstairs mezzanine overlooking the main area. Amenities include a new HVAC unit (2019), a 12-foot overhead bay door, and a fenced back lot with 6-foot vinyl privacy fencing. An additional vacant lot is included in the sale. The property is zoned CP-2 commercial, ensuring flexibility for various uses. This 100% occupied building is priced at $950,000 and offers significant potential for growth in a high-traffic location. Don't miss this chance to acquire a well-maintained, versatile commercial property in a thriving Lee's Summit market. The property's features include ample storage, a convenient mezzanine, and a strategic location near Highway 291.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1999
Construction FRAME
Total area 6,000 SF
Lot 1.42 ac (61,855 SF)
APN 52-540-01-16
UPID US48-3216972
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
  • Lumax Power Equipment Inc (Bike/Boat/Book/etc) Store Garden Center
  • Training for Warriors - Lees Summit Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$794k
Blend (final) Blend
$855k
Owner & transaction history
Lumax Power Equipment INC · 5 yrs held
Lumax Power Equipment INC
since 2020
7 recorded transactions
2025
Price N/A
2020
Price N/A
2016
Price N/A
2005
Price N/A
2004
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $1.1M +91.7%
Office building $695,000 +25.0%
Industrial (general) $665,000 +19.4%
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