Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    20440 Us Hwy 40 Blue Springs, MO 64015

    Property Lookup

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

    20440 Us Hwy 40 Blue Springs, MO 64015

    View on Map
    • Warehouses
    • 1,200 SF
    • 15.89 lot acres
    Off-Market
    Property ID
    US48-1003534
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • All Secured Storage / Storage Facility
    • U-Haul Neighborhood Dealer / Car Rental Facility

    Property Details for 20440 Us Hwy 40

    Year built
    2019
    Lot size
    15.89 lot acres
    Property size
    1,200 SF
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    34-600-04-08-02
    APU
    34600040802

    Description

    This exceptional self-storage facility in Blue Springs, Missouri, presents a compelling investment opportunity. The property, located at 20440 E US Hwy 40, boasts 88,550 square feet of rentable space across 15 single-story buildings, totaling 554 units. Built in 2020, the facility features high-quality construction, including Trachte storage buildings, concrete drive lanes, and a controlled access gate. The property also includes a convenient on-site retail office and manager's apartment, enhancing operational efficiency. With 23,000 square feet of outdoor storage, the total leasable area exceeds 100,000 square feet. Currently operating at 53% occupancy, the property offers significant upside potential for increased revenue. The property sits on 8.51 acres and includes substantial U-Haul rental income. Financial highlights include an asking price of $13,000,000, a pro-forma NOI of $493,737, and a pro-forma cap rate of 3.80%. The property's strong fundamentals, combined with its prime location in the Kansas City MSA, make it an attractive investment for discerning buyers. The property's Jackson County location and 64015 zip code further solidify its strategic position within the market. The price per unit is $23,465.70, and the price per square foot is $146.81. The net rentable square footage is 108,806 square feet. The property's APN is 34-600-04-08-02-0-00-000. The ownership is private.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Blue Springs
    County
    Jackson
    State
    Missouri
    Longitude
    -94.339
    Latitude
    39.0272
    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
    $99,954
    $182,560
    $1,043,264
    $1,225,824
    -
    $0.00
    $0.00
    $3,830,700

    Comparable in this City

    • Value Estimation
      $4,010,000
      33,206 SF

      715 7th Hwy

      MINI-WAREHOUSE, STORAGE • 33,206 SF
      715 7th Hwy, Blue Springs, MO 64015
      View Details
    • Value Estimation by Request
      1,100 SF

      945 Vesper St

      MINI-WAREHOUSE, STORAGE • 1,100 SF
      945 Vesper St, Blue Springs, MO 64015-3735
      View Details
    • Value Estimation by Request
      6,000 SF

      1901 Us Hwy 40th A Ste A

      MINI-WAREHOUSE, STORAGE • 6,000 SF
      1901 Us Hwy 40th A Ste A, Blue Springs, MO 64015-4600
      View Details
    • Value Estimation by Request
      6,000 SF

      3500 Us Hwy 40th A Ste A

      MINI-WAREHOUSE, STORAGE • 6,000 SF
      3500 Us Hwy 40th A Ste A, Blue Springs, MO 64015-4561
      View Details
    • Value Estimation by Request
      5,680 SF

      3280 Swe Us Hwy 40

      MINI-WAREHOUSE, STORAGE • 5,680 SF
      3280 Swe Us Hwy 40, Blue Springs, MO 64015
      View Details
    • Value Estimation by Request
      1,800 SF

      810 10th St

      MINI-WAREHOUSE, STORAGE • 1,800 SF
      810 10th St, Blue Springs, MO 64015-4264
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,440 SF

      Blue Springs Commercial Building For Sale

      5,440 SF commercial building with warehouse, office, and storage space.
      702 SW South Ave, Blue Springs, MO 64015
      View Details
    • Contact for pricing
      2,500 SF

      2,500 SF Warehouse For Sale

      Warehouse with drive-in loading, clear height, and air-conditioning.
      2505-C W 40 Hwy, Blue Springs, MO 64015
      View Details
    • Contact for pricing
      9,000 SF

      Industrial Space Near Highway 40

      9,000 SF industrial property with highway access.
      1123 W 28Th St, Blue Springs, MO 64015
      View Details
    • Contact for pricing
      8,000 SF

      Industrial Property For Sale

      Industrial property available for sale.
      3160-3180 NW Jefferson St, Blue Springs, MO 64015
      View Details
    • Contact for pricing

      Blue Springs Development Land Available

      Development land available in Blue Springs, Missouri, near I-70.
      3105 NW Jefferson St, Blue Springs, MO 64015
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,000 SF

      Blue Springs Warehouse Space Available

      3,000 SF warehouse with office and drive-in doors.
      2309 Us Highway 40 U.S, Blue Springs, MO 64015
      View Details
    • Contact for pricing
      2,427 SF

      Blue Springs Medical Office Space

      Medical office space featuring procedure rooms and private restrooms.
      1701 SW Us Highway 40, Blue Springs, MO 64015
      View Details
    • Contact for pricing
      2,977 SF

      Freestanding Building Near I-70

      2,977 SF building on 1.55 acres with I-70 access.
      1128 NW Woods Chapel Rd, Blue Springs, MO 64015
      View Details
    • $1,750,000

      Commercial Property for Lease

      Commercial property available for lease in Independence, Missouri.
      4049 South Little Blue Pkwy, Independence, MO 64015
      View Details
    • Contact for pricing
      2,508 SF

      Retail Spaces Available For Rent

      Retail spaces available in neighborhood center with long-standing tenants.
      1741-1771 NW Burdett Xing, Blue Springs, MO 64015
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space in Blue Springs

      Retail space available for lease in Blue Springs, Missouri.
      802 SW Us Highway 40, Blue Springs, MO 64015
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    20440 Us Hwy 40
    Blue Springs, MO 64015
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    20440 Us Hwy 40, Blue Springs, MO, 64015

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!