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    Property profile & analytics

    3851 Cheddington Dr Lee's Summit, MO 64082

    • Commercial real estate
    • 1.16 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US48-0970933
    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

    • Commercial real estate

    Property Details for 3851 Cheddington Dr

    Lot size
    1.16 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 1.161-acre commercial land parcel in Lee's Summit, Missouri, presents a unique investment opportunity. Located at 3851 SW Cheddington Dr, in Jackson County, zip code 64082, this property boasts a CP-2 zoning designation, allowing for a variety of mixed-use developments. The site offers significant potential for developers and investors seeking to capitalize on its prime location within a thriving retail environment. The property is situated near a recently expanded and renovated Price Chopper grocery store (2018) and a Walmart Super Center (opened 2017), ensuring high visibility and substantial foot traffic. This strategic positioning provides immediate access to a large consumer base. The lot size allows for up to 17,480 square feet of leasable space. Furthermore, the seller is open to build-to-suit options, offering flexibility and customization for prospective buyers or tenants. The property is available for sale in parcels ranging from 0.65 acres to 6 acres, providing scalability to accommodate various project scopes. This is an exceptional chance to acquire a well-located commercial property in a rapidly growing area. Don't miss this opportunity to secure a prime piece of Lee's Summit real estate.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Lee's Summit
    County
    Jackson
    State
    Missouri
    Longitude
    -94.3832
    Latitude
    38.8506209

    Comparable in this City

    • $1,463,616

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      6.40 Acres

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    • $3,500,000
      19.00 Acres

      Lee's Summit Commercial Land - 19 Acres

      Prime 19-acre development site in Lee's Summit, MO.
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      0.97 Acres

      Lee's Summit Land: Prime Location

      Mixed-use land, build-to-suit option.
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      1.05 Acres

      Lee's Summit Land - 1 Acre Lot

      Residential & Mixed-Use Development Opportunity in Prime Location
      3750 Cheddington Dr, Lee's Summit, MO 64082
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    • $155,000

      Lee's Summit Lakefront Homesite

      Prime lakefront lot, ready to build.
      215 Tiller Ct, Lee's Summit, MO 64082
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    Similar Nearby for Sale

    • $1,463,616

      Lee's Summit Commercial Land

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      M-150 Highway Ln, Lee's Summit, MO 64082
      View Details
    • Contact for pricing
      6.40 Acres

      Raintree Plaza: Lee's Summit Land

      6.4 Acres Commercial Development Land
      101 Raintree Dr, Lee's Summit, MO 64082
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    • $3,500,000
      19.00 Acres

      Lee's Summit Commercial Land - 19 Acres

      Prime 19-acre development site in Lee's Summit, MO.
      0 Nec Of Stuart Rd And 291 Hwy, Lee's Summit, MO 64082
      View Details
    • Contact for pricing
      0.97 Acres

      Lee's Summit Land: Prime Location

      Mixed-use land, build-to-suit option.
      3801 Cheddington Dr, Lee's Summit, MO 64082
      View Details
    • Contact for pricing
      1.05 Acres

      Lee's Summit Land - 1 Acre Lot

      Residential & Mixed-Use Development Opportunity in Prime Location
      3750 Cheddington Dr, Lee's Summit, MO 64082
      View Details
    • $155,000

      Lee's Summit Lakefront Homesite

      Prime lakefront lot, ready to build.
      215 Tiller Ct, Lee's Summit, MO 64082
      View Details

    Similar Nearby for Lease

    • $1.84 SF/Yr
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      Lee's Summit Pad Sites

      Pad sites available for sale or ground lease.
      3701 SW Raintree Dr, Lees Summit, MO 64082
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      1,139 SF

      Retail Space in Growing Suburb

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      1,244 SF

      Retail Space in Lee's Summit

      Retail space available for lease in Lee's Summit, MO.
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      20,000 SF

      Lees Summit Office Space

      20000 square feet of office space for rent.
      120 SE 30Th St, Lees Summit, MO 64082
      View Details
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    3851 Cheddington Dr
    Lee's Summit, MO 64082
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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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