Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    21112 37Th Terrace Ct Independence, MO 64057
    Back to Search
    Property profile & analytics

    21112 37Th Terrace Ct, Independence, MO 64057

    View on Map
    • Commercial real estate
    Off-Market
    Property ID
    US48-0580075
    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

    • Commercial real estate

    Property Details for 21112 37Th Terrace Ct

    Property type
    Commercial real estate

    Description

    This exceptional 6,920 square foot residential lot presents a fantastic opportunity in Independence, Missouri. Located on a quiet cul-de-sac in the desirable 64057 zip code, this property offers a tranquil setting backing up to a natural wooded area, providing increased privacy and a peaceful atmosphere. The address is 21112 E 37TH TERRACE Court S. Detailed lot layout and dimensions are available in the provided plat map (attachment), clearly showing the property's boundaries and configuration as Lot 4. Potential buyers should review the accompanying Saddle Ridge Villas restrictions (attachment) which outline any applicable guidelines for development. Priced affordably at $55,000, this land parcel is ideal for those seeking to build their dream home in a serene, yet conveniently located neighborhood. The property's size and location make it a highly attractive investment for residential construction. Don't miss this chance to acquire a prime piece of land in a sought-after area of Independence. All necessary documents are available for review.

    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
    Independence
    County
    Jackson
    State
    Missouri
    Longitude
    -94.3435448
    Latitude
    39.0509819

    Comparable in this City

    • Contact for pricing

      7.7 AC Land Tracts

      Two land tracts totaling 7.7 acres, close to amenities.
      S Jackson Dr, Independence, MO 64057
      View Details
    • Contact for pricing

      Land Available for Sale

      Land for sale at 3131 S State Route 291.
      3131 S State Route 291, Independence, MO 64057
      View Details
    • $2,877,000
      82.20 Acres

      82.2 Acres in Independence, MO

      Land for private estate or single-family development in Independence.
      21708 E Eureka Rd, Independence, MO 64057
      View Details
    • $160,000
      10.64 Acres

      Wooded Acres in Independence, Missouri

      Ten acres of wooded land, ideal for custom home.
      1300 S Van Maele Rd, Independence, MO 64057
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      32Nd St, Independence, MO 64057
      View Details
    • $175,000
      1.35 Acres

      Unplatted Land in Independence, MO

      1.35 acres with potential for multi-family development.
      S Swope Dr, Independence, MO 64057
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      7.7 AC Land Tracts

      Two land tracts totaling 7.7 acres, close to amenities.
      S Jackson Dr, Independence, MO 64057
      View Details
    • Contact for pricing

      Land Available for Sale

      Land for sale at 3131 S State Route 291.
      3131 S State Route 291, Independence, MO 64057
      View Details
    • $2,877,000
      82.20 Acres

      82.2 Acres in Independence, MO

      Land for private estate or single-family development in Independence.
      21708 E Eureka Rd, Independence, MO 64057
      View Details
    • $160,000
      10.64 Acres

      Wooded Acres in Independence, Missouri

      Ten acres of wooded land, ideal for custom home.
      1300 S Van Maele Rd, Independence, MO 64057
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      32Nd St, Independence, MO 64057
      View Details
    • $175,000
      1.35 Acres

      Unplatted Land in Independence, MO

      1.35 acres with potential for multi-family development.
      S Swope Dr, Independence, MO 64057
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Medical Office Space Available

      2700 sq ft medical office with multiple rooms.
      3800 South Elizabeth St, Independence, MO 64057
      View Details
    • Contact for pricing

      High-Visibility Retail Space Available

      Retail spaces for lease in a high-traffic Kansas City location.
      20000 E Jackson Dr, Independence, MO 64057
      View Details
    • Contact for pricing
      968 SF

      Medical Office Space For Rent

      Medical office space with hospital access and ample parking.
      19550-19600 E 39Th St S, Independence, MO 64057
      View Details
    • Contact for pricing
      5,653 SF

      Freestanding Retail Building For Lease

      5,653 SF freestanding retail building in established Independence, Missouri corridor.
      19921 E Jackson Dr, Independence, MO 64057
      View Details
    • Contact for pricing
      6,645 SF

      Retail Space Near Highway 291

      Retail space near major retailers and high-traffic areas.
      19210 E 39Th St S, Independence, MO 64057
      View Details
    • Contact for pricing

      Retail Space on 291 Highway

      Retail space with high visibility and access on 291 Highway.
      2407-2421 S State Route 291, Independence, MO 64057
      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.
    21112 37Th Terrace Ct
    Independence, MO 64057
    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
    21112 37Th Terrace Ct, Independence, MO, 64057
    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!