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    Property profile & analytics

    300 3rd St Lees Summit, MO 64063-2724

    • Turn key restaurants
    • 1,536 SF
    • 0.52 lot acres
    OFF-MARKET
    Value Estimation
    $365,000
    Last Sale
    Nov 20, 2023
    Location Intelligence
    Property ID
    US48-0863314
    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

    • Abelardo's Mexican Fresh / Restaurant

    Property Details for 300 3rd St

    Year built
    2006
    Construction
    WOOD
    Lot size
    0.52 lot acres
    Property size
    1,536 SF
    Property type
    Turn key restaurants
    APN
    61-230-14-10
    APU
    612301410

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lees Summit
    County
    Jackson
    State
    Missouri
    Longitude
    -94.373
    Latitude
    38.9141
    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
    $15,145
    $118,816
    $57,184
    $176,000
    -
    $0.00
    $0.00
    $550,000

    Comparable in this City

    • Value Estimation
      $475,000
      4,002 SF

      628 State Rte 291

      RESTAURANT • 4,002 SF
      628 State Rte 291, Lees Summit, MO 64063
      View Details
    • Value Estimation
      $535,000
      3,994 SF

      902 Langsford Rd

      RESTAURANT • 3,994 SF
      902 Langsford Rd, Lees Summit, MO 64063-2943
      View Details
    • Value Estimation
      $295,000
      2,758 SF

      321 Main St, Unit B

      RESTAURANT • 2,758 SF
      321 Main St, Lees Summit, MO 64063-2333
      View Details
    • Value Estimation by Request
      4,185 SF

      302 Main St

      RESTAURANT • 4,185 SF
      302 Main St, Lees Summit, MO 64063-2340
      View Details
    • Value Estimation
      $305,000
      1,989 SF

      22 3rd St

      RESTAURANT • 1,989 SF
      22 3rd St, Lees Summit, MO 64063-2325
      View Details
    • Value Estimation
      $235,000
      2,130 SF

      10 3rd St

      RESTAURANT • 2,130 SF
      10 3rd St, Lees Summit, MO 64063-2325
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
      17,000 SF

      Lee's Summit Retail Center

      Prime Downtown Retail Space Available
      0 3Rd St, Lee's Summit, MO 64063
      View Details
    • $17 SF/Yr
      1,549 SF

      Retail Space on Langsford Road

      Retail space with high traffic and convenient highway access.
      905 E Langsford Rd, Lees Summit, MO 64063
      View Details
    • Contact for pricing
      10,500 SF

      Lee's Summit Retail Spaces

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      Retail Space with Outdoor Patios

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      Prime Retail & Entertainment Spaces in Downtown Lee's Summit
      2nd St And Johnson Dr, Lee's Summit, MO 64063
      View Details

    Property Visit Statistics

    • Visits by month
      4.0k
    • Visitors by month
      4.9k
    • Avg Time on site
      10 min
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    300 3rd St
    Lees Summit, MO 64063-2724
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    Realmo Value Estimation

    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.

    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.

    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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