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Property profile & analytics
OFF-MARKET Estimated value $8,565,000
Community centers

18801 39th S St Independence, MO 64057-1729

710,912 SF 29.59 ac lot Built 1974
Entity Owned 3-yr Hold Absentee Owner Free & Clear
Property ID
US48-0559263
Property summary
AI-generated overview

This exceptional 952,953 square foot shopping center, located at 18801 East 39th St S in Independence, Missouri (zip code 64057), presents a unique investment opportunity. Built in 1974, the property currently boasts 87% occupancy across its 92 tenants. The center is undergoing a significant transformation into a vibrant mixed-use development, strategically integrating residential, commercial, and recreational elements. This redevelopment plan promises to revitalize the area, creating a dynamic community hub where residents and visitors can live, work, and play. The property's prime location in Jackson County, Missouri, offers excellent accessibility and visibility. This NNN-leased, multi-tenant property represents a compelling investment in a rapidly evolving market, poised for substantial future growth and increased value. The current retail focus is being expanded to include residential units and office spaces, creating a diverse and attractive environment. This forward-thinking approach anticipates and caters to modern urban lifestyle preferences, ensuring long-term viability and appeal. The property's size and existing tenant base provide a solid foundation for this exciting transformation. This is a rare opportunity to acquire a large-scale retail property undergoing a comprehensive and innovative redevelopment.

Property profile
Verified
Property type Community centers
Use group MINI-MALL
Year built 1974
Total area 710,912 SF
Lot 29.59 ac (1,288,727 SF)
APN 34-200-04-32
UPID US48-0559263
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
  • Forever 21 Clothing Store Fashion Accessories Store
  • Hot Topic Clothing Store Fashion Accessories Store
  • rue21 Clothing Store Fashion Accessories Store
  • Torrid Clothing & Fashion Store
  • Aéropostale Clothing Store Men'S Clothing Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$8.57M
Owner & transaction history
Rcp N LLC · 3 yrs held
Rcp N LLC
since 2023
5 recorded transactions
2023
Price N/A
2022
Price N/A
2019
Price N/A
2018
$50.0M
2007
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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