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    Property profile & analytics

    1820 Chipman Rd Lees Summit, MO 64081-3938

    • Retail space
    • 87,044 SF
    • 10.38 lot acres
    OFF-MARKET
    Value Estimation
    $1,005,000
    Location Intelligence
    Property ID
    US48-0590423
    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

    • SEPHORA at Kohl's Lee's Summit / Cosmetics Store / Beauty Supply Store
    • Kohl's / Department Store

    Property Details for 1820 Chipman Rd

    Year built
    2001
    Construction
    WOOD
    Lot size
    10.38 lot acres
    Property size
    87,044 SF
    Property type
    Retail space
    APN
    51-700-03-12
    APU
    517000312

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,005,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,140,000
      6.5%
      $1,165,000
      7%
      $1,230,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,115,000
      Geo Method
      $1,110,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,020,000
      Retail
      $1,020,000
      Mixed-Use
      $1,265,000
      Hospitality
      $1,020,000
      Educational
      $1,155,000
      Residential Income
      $1,195,000
      Energy
      $1,030,000
      Income-Based Land
      $1,265,000
      Food Service
      $1,035,000

    Location Insight

    • Map
    • Local Demand
    City
    Lees Summit
    County
    Jackson
    State
    Missouri
    Longitude
    -94.4109
    Latitude
    38.9279
    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
    $158,336
    $1,720,000
    $120,000
    $1,840,000
    -
    $0.00
    $0.00
    $5,750,000

    Comparable in this City

    • Value Estimation by Request
      4.19 Acres

      150 Murray Rd

      RETAIL STORES (PERSONAL SERVICES) • 4.19 Acres
      150 Murray Rd, Lees Summit, MO 64081-1558
      View Details
    • Value Estimation by Request
      4,000 SF

      1025 Jefferson St

      RETAIL STORES (PERSONAL SERVICES) • 4,000 SF
      1025 Jefferson St, Lees Summit, MO 64081-2749
      View Details
    • Value Estimation
      $375,000
      3,392 SF

      1304 Market St

      RETAIL STORES (PERSONAL SERVICES) • 3,392 SF
      1304 Market St, Lees Summit, MO 64081-2903
      View Details
    • Value Estimation
      $385,000
      768 SF

      807 Oldham Pkwy

      RETAIL STORES (PERSONAL SERVICES) • 768 SF
      807 Oldham Pkwy, Lees Summit, MO 64081-2606
      View Details
    • Value Estimation
      $355,000
      1,640 SF

      1031 Jefferson St

      RETAIL STORES (PERSONAL SERVICES) • 1,640 SF
      1031 Jefferson St, Lees Summit, MO 64081-2749
      View Details
    • Value Estimation
      $900,000
      18,740 SF

      600 Oldham Pkwy

      RETAIL STORES (PERSONAL SERVICES) • 18,740 SF
      600 Oldham Pkwy, Lees Summit, MO 64081-2963
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • Contact for pricing
      1,200 SF

      Retail Space in Lee's Summit

      Retail space available for lease in Lee's Summit, MO.
      310 W Ward Rd, Lees Summit, MO 64081
      View Details
    • $16 SF/Yr
      3,184 SF

      Lee's Summit Retail/Office Space

      Retail and office spaces available in Lee's Summit, Missouri.
      450 SW Ward Rd, Lees Summit, MO 64081
      View Details
    • $17 SF/Yr
      2,590 SF

      Retail Space Available For Rent

      Retail space available for lease in Lee's Summit, Missouri.
      403-447 SW Ward Rd, Lees Summit, MO 64081
      View Details
    • Contact for pricing
      1,200 SF

      Grocery-Anchored Shopping Center Space

      Retail spaces available in high-traffic shopping center.
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      View Details
    • $35 SF/Yr
      5,000 SF

      Lee's Summit Retail Space For Lease

      Prime retail space, multiple units available.
      1690-1694 Chipman Rd, Lee's Summit, MO 64081
      View Details
    • $22 SF/Yr
      32,006 SF

      Lee's Summit Office Space for Lease

      Class A Office, Mixed-Use, 10,383 SF Vacant
      400 Longview Rd, Lee's Summit, MO 64081
      View Details

    Property Visit Statistics

    • Visits by month
      92.6k
    • Visitors by month
      62.8k
    • Avg Time on site
      34 min
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    1820 Chipman Rd
    Lees Summit, MO 64081-3938
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    Realmo Value Estimation

    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.

    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.

    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
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