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Property profile & analytics
FOR LEASE
Retail properties & Spaces

18777 East 39Th St S Independence, MO 64057

Entity Owned 7-yr Hold
Property ID
US48-0879595
Property summary
AI-generated overview

Located just east of Kansas City, Missouri and positioned strategically at the crossroads of I-70 and I-470 where approximately 150,000 cars pass each day, Independence has become the regional retail, office and medical power center of Eastern Jackson County. The development of the Little Blue Parkway, a new thoroughfare connecting the eastern portion of the City from I-70 to 24 Highway will open 38 miles of land for development. It is estimated that by the year 2020, the Little Blue Valley will be home to an additional 20,000 people and 5,000 new office, industrial and retail jobs. In the heart of the City, Historic Independence Square is undergoing a renaissance with substantial increase in private investment and a planned restoration of the Historic Jackson County Courthouse. The traditional town square offers unique shops, restaurants, loft-style apartments and a newly renovated cinema and bowling alley. Top employers for Independece are Independence School District (2,200), Northrop Grumman Innovation Systems (1,722), Centerpoint Medical Center (1,400), and the City of Independence (1,097).

Property profile
Verified
Property type Retail properties & Spaces
UPID US48-0879595
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
  • Dr. Jeanna Thompson Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Tf Independence Mo LLC · 7 yrs held
Tf Independence Mo LLC
since 2019
7 recorded transactions
2019
Price N/A
2019
Price N/A
2018
Price N/A
2018
Price N/A
2017
Price N/A
2017
Price N/A
2017
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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