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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    19550 E 39Th St Independence, MO 64057

    • Grocery and convenience stores
    • 50,341 SF
    • 1.47 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US48-1127922
    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

    • Centerpoint Outpatient Rehab / Medical Center
    • Midwest Brain, Spine & Neurology at Centerpoint Medical Center / Medical Center
    • Advanced Wound Care Center / Medical Center
    • Independence Women's Clinic / Women'S Health Clinic / Family Planning Center
    • Edward Delaney, PT / Physical Therapist / Physical Therapy Clinic

    Property Details for 19550 E 39Th St

    Year built
    2006
    Construction
    CONCRETE
    Lot size
    1.47 lot acres
    Property size
    50,341 SF
    Property type
    Grocery and convenience stores
    APN
    34-200-01-35
    APU
    342000135

    Description

    This exceptional medical office building, located at 19550 E 39th Street in Independence, Missouri, offers 24,779 square feet of space. Currently configured as a single-tenant building, 5,276 square feet are currently vacant, presenting a significant opportunity for expansion or new tenancy. The building is classified as a medical office building and is situated in Jackson County, zip code 64057. Its convenient location provides easy access for patients and staff. The property's single-suite layout offers flexibility for a variety of medical practices or healthcare-related businesses seeking a prominent presence in the Independence market. The substantial vacant space allows for customization to meet specific needs, whether it's expanding existing operations or establishing a new practice. This building represents a rare opportunity to acquire a well-situated medical office building in a thriving community. The property's size and location make it an ideal investment for those seeking a strong foothold in the Missouri healthcare market. Serious inquiries are encouraged to explore this promising investment opportunity further. Detailed floor plans and specifications are available upon request.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $6,511,000
      Market price range: $3.19M - $6.51M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $9,435,000
      AUTO REPAIR, GARAGE
      $7,505,000
      APARTMENT HOUSE (5+ UNITS)
      $7,265,000
      RETAIL STORES
      $7,125,000
      WAREHOUSE, STORAGE
      $5,245,000
      RESTAURANT
      $5,045,000
      INDUSTRIAL (GENERAL)
      $4,940,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Independence
    County
    Jackson
    State
    Missouri
    Longitude
    -94.35
    Latitude
    39.0495
    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
    $1,004,508
    $291,104
    $12,028,096
    $12,319,200
    -
    $0.00
    $0.00
    $38,497,500

    Comparable in this City

    • Value Estimation
      $1,125,000
      8,700 SF

      17844 23rd S St

      CONVENIENCE STORE • 8,700 SF
      17844 23rd S St, Independence, MO 64057-1840
      View Details
    • Value Estimation by Request
      4,514 SF

      2601 State Rte 291

      CONVENIENCE STORE • 4,514 SF
      2601 State Rte 291, Independence, MO 64057-1281
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    • Value Estimation
      $960,000
      7,196 SF

      19200 37th S Ter

      CONVENIENCE STORE • 7,196 SF
      19200 37th S Ter, Independence, MO 64057-2323
      View Details
    • Value Estimation by Request
      3,617 SF

      20001 Jackson Dr

      CONVENIENCE STORE • 3,617 SF
      20001 Jackson Dr, Independence, MO 64057-1567
      View Details
    • Value Estimation by Request
      1,888 SF

      2561 State Rte 291

      CONVENIENCE STORE • 1,888 SF
      2561 State Rte 291, Independence, MO 64057-1205
      View Details
    • Value Estimation by Request
      6,935 SF

      17525 Medical Ctr Pkwy

      CONVENIENCE STORE • 6,935 SF
      17525 Medical Ctr Pkwy, Independence, MO 64057-1824
      View Details

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    Similar Nearby for Lease

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      2,622 SF

      Retail Space Near Highway 291

      Retail space near major retailers and high-traffic areas.
      19210 E 39Th St S, Independence, MO 64057
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      5,653 SF

      Freestanding Retail Building For Lease

      5,653 SF freestanding retail building in established Independence, Missouri corridor.
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      Prime Independence Retail Investment

      High-traffic retail center, strong tenants.
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      View Details
    • $12 SF/Yr
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      Retail Space in Independence Center

      Retail spaces available for lease in a super-regional shopping mall.
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      Retail Space Near Highway 291

      Retail space available near major retailers and high-traffic areas.
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      Retail Space For Rent

      Retail space available for lease in Independence, Missouri.
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      View Details
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    19550 E 39Th St
    Independence, MO 64057
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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