Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    2505 NE Douglas St Lees Summit, MO 64064
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2505 NE Douglas St Lees Summit, MO 64064

    View on Map
    • Commercial land
    For Sale
    View Listing →
    2505 NE Douglas St, Lee's Summit, MO 64064 For Sale
    Contact for pricing

    2505 NE Douglas St, Lee's Summit, MO 64064

    Spectacular lot near I-470 with runway access and utilities.

    2505 NE Douglas St, Lees Summit, MO 64064
    View Listing
    Property ID
    US48-0534552
    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 land

    Property Details for 2505 NE Douglas St

    Property type
    Commercial land
    Property subtype
    Aviation real estate

    Description

    This lot abuts N/S runway - through the fence access available (subject to negotiation with City of Lee's Summit) location is mid-runway on West side of newly expanded runway - All utilities available - spectacular lot - Near I-470 at exit 9. Lot size is 173x330 - Runway: 5501 ft X 100 ft grooved concrete - Additional 4,000 runway 11/19 Airport identifier KLXT. Aircraft Weights: up to 60,000 lbs - Concierge service available - Car rentals -Hotels -Catering & executive cars -Full service FBO -40,000 sq ft heated hangar -Pilot lounge -Flight planning-City FBO Next door Owner agent

    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
    Lees Summit
    County
    Cass
    State
    Missouri
    Longitude
    -94.3770081
    Latitude
    38.958178

    Comparable in this City

    • $1,896,000
      10.24 Acres

      Lee's Summit Commercial Land

      Prime commercial land with high visibility in growing area.
      NE Strother Rd, Lees Summit, MO 64064
      View Details
    • $235,000
      0.98 Acres

      Lee's Summit Commercial Land

      Prime location near airport, utilities available, master planned industrial.
      NE Strother Rd, Lees Summit, MO 64064
      View Details
    • $175,000
      1.30 Acres

      Commercial Acreage in Blue Springs

      Commercial land with high traffic location and development potential.
      Colbern Rd, Blue Springs, MO 64064
      View Details
    • $235,000
      0.98 Acres

      Lee's Summit Land Available

      Prime location near airport, utilities available, master planned industrial.
      Stother Rd NE, Lees Summit, MO 64064
      View Details
    • Contact for pricing

      Lee's Summit Commercial Land

      2.79 acres in premier commercial park, vertical ready.
      C2 NE Independence Ave, Lees Summit, MO 64064
      View Details
    • Contact for pricing

      Lot C5 NE Independence Ave, Lee's Summit, MO 64064

      Commercial land
      C5 NE Independence Ave, Lees Summit, MO 64064
      View Details

    Similar Nearby for Sale

    • $1,896,000
      10.24 Acres

      Lee's Summit Commercial Land

      Prime commercial land with high visibility in growing area.
      NE Strother Rd, Lees Summit, MO 64064
      View Details
    • $235,000
      0.98 Acres

      Lee's Summit Commercial Land

      Prime location near airport, utilities available, master planned industrial.
      NE Strother Rd, Lees Summit, MO 64064
      View Details
    • $175,000
      1.30 Acres

      Commercial Acreage in Blue Springs

      Commercial land with high traffic location and development potential.
      Colbern Rd, Blue Springs, MO 64064
      View Details
    • $235,000
      0.98 Acres

      Lee's Summit Land Available

      Prime location near airport, utilities available, master planned industrial.
      Stother Rd NE, Lees Summit, MO 64064
      View Details
    • Contact for pricing

      Lee's Summit Commercial Land

      2.79 acres in premier commercial park, vertical ready.
      C2 NE Independence Ave, Lees Summit, MO 64064
      View Details
    • Contact for pricing

      Lot C5 NE Independence Ave, Lee's Summit, MO 64064

      Commercial land
      C5 NE Independence Ave, Lees Summit, MO 64064
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Lakewood Business Park Space

      Commercial space for rent with access to I-470.
      2201 NE Town Centre Blvd, Lees Summit, MO 64064
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Single tenant retail space available, approximately 1,000 square feet.
      817-833 Lakewood Blvd, Lees Summit, MO 64064
      View Details
    • Contact for pricing

      Industrial Building in Lakewood Business Park

      New industrial building for lease in Lakewood Business Park.
      NE Maguire Blvd, Lees Summit, MO 64064
      View Details
    • Contact for pricing

      Medical Office Space Available

      Class A medical office space for lease with exam rooms.
      2741 NE Mcbaine Dr, Lees Summit, MO 64064
      View Details
    • Contact for pricing
      1,136 SF

      Retail Space in Lees Summit

      Retail space available for lease in Lees Summit, Missouri.
      905-913 NE Woods Chapel Rd, Lees Summit, MO 64064
      View Details
    View Listing
    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.
    2505 NE Douglas St
    Lees Summit, MO 64064
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!