Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    406 Douglas St Lees Summit, MO 64063-4247
    Back to Search
    Property profile & analytics

    406 Douglas St, Lees Summit, MO 64063-4247

    View on Map
    • Industrial properties
    • 6,000 SF
    • 0.60 lot acres
    Off-Market
    Property ID
    US48-0019583
    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

    • Freestyle Graphics / Textile Manufacturer / Factory
    • At Ease Massage Therapy / Alternative Medicine Practice / Spa & Massage Center
    • Faith Productions / (Bike/Boat/Book/etc) Store / Printing Service

    Property Details for 406 Douglas St

    Year built
    2000
    Construction
    METAL FRAME
    Lot size
    0.60 lot acres
    Property type
    Industrial properties
    Property subtype
    Loft space
    APN
    61-520-06-27
    APU
    615200627

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 22, 2018 — Freestyle Graphics LLC — Deed · related $356k · Commerce Bk/or
    Dec 27, 2016 — Freestyle Graphics LLC Besermin,robert S & Marsha L Quit Claim Deed · related —
    Aug 22, 2006 — Robert S Besermin Talley Denise L Living Trust Grant Deed $710k · Bank Of The West
    — — Robert S Besermin — Deed Of Trust · related $509k · Bank Of The West
    — — Talley,denise L Trust — Deed Of Trust · related $325k · First Cmnty Bk
    — — Freestyle Graphics LLC — Deed Of Trust · related $356k · Commerce Bk/or

    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
    Jackson
    State
    Missouri
    Longitude
    -94.3753
    Latitude
    38.9104
    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
    $13,358
    $81,376
    $73,856
    $155,232
    -
    $0.00
    $0.00
    $485,100

    Comparable in this City

    • Value Estimation by Request
      1,280 SF

      608 Dunlap St

      INDUSTRIAL LOFT BUILDING
      608 Dunlap St, Lees Summit, MO 64063-1915
      View Details
    • Value Estimation by Request
      3,750 SF

      914 7th Ter

      INDUSTRIAL LOFT BUILDING
      914 7th Ter, Lees Summit, MO 64063-4308
      View Details
    • Value Estimation by Request
      1,664 SF

      602 Dunlap St

      INDUSTRIAL LOFT BUILDING
      602 Dunlap St, Lees Summit, MO 64063-1915
      View Details
    • Value Estimation by Request
      2,240 SF

      110 4th St

      INDUSTRIAL LOFT BUILDING
      110 4th St, Lees Summit, MO 64063-2728
      View Details
    • Value Estimation by Request
      3,600 SF

      606 Dunlap St

      INDUSTRIAL LOFT BUILDING
      606 Dunlap St, Lees Summit, MO 64063-1915
      View Details
    • Value Estimation by Request
      3.00 Acres

      150 Hwy & 291 Hwy

      Land
      150 Hwy & 291 Hwy, Lee's Summit, MO 64063
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,740 SF

      Downtown Lee's Summit Mixed-Use Building

      Mixed-use building in downtown Lee's Summit with income potential.
      8 SW 3Rd St, Lees Summit, MO 64063
      View Details
    • $600,000
      0.23 Acres

      Versatile Commercial Property in Lee's Summit

      High-visibility commercial property suitable for office, retail, or service businesses.
      813 SW Oldham Blvd, Lees Summit, MO 64063
      View Details
    • $3,950,000
      0.25 Acres

      Established Venue in Lee's Summit

      Thriving event space in desirable Lee's Summit, Missouri.
      308 SE Douglas St, Lees Summit, MO 64063
      View Details
    • Contact for pricing
      5,476 SF

      Retail Property with High Visibility

      Retail property with high visibility and traffic, pad site opportunity.
      713 Rte 291, Lees Summit, MO 64063
      View Details
    • $999,950
      600 SF

      Lee's Summit Commercial Opportunity

      Downtown Lee's Summit property with salon and office space.
      203 SW Jefferson St, Lees Summit, MO 64063
      View Details
    • New
      $1,000,000
      Pending

      Renovated Office Building with Parking

      Renovated office building with adjacent dedicated parking lot in CBD zoning.
      330 SE Douglas St, Lees Summit, MO 64063
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Mixed-Use Development Retail Opportunity

      Retail, restaurant, and entertainment spaces in Lee's Summit.
      2nd St And Johnson Dr, Lees Summit, MO 64063
      View Details
    • Contact for pricing

      Downtown Lee's Summit Retail/Office

      Retail and office suites in the heart of downtown.
      334 SW Main St, Lees Summit, MO 64063
      View Details
    • $1,700 /Mo
      1,198 SF

      Renovated Office Space in Lee's Summit

      Newly renovated office space in a convenient business center.
      676 SE Bayberry Ln, Lees Summit, MO 64063
      View Details
    • Contact for pricing
      38,034 SF

      Retail Space with Outdoor Patios

      Retail property featuring outdoor seating and high traffic exposure.
      111 SE State Route 291, Lees Summit, MO 64063
      View Details
    • Contact for pricing
      3,252 SF

      Retail Space in Growing Suburb

      Retail spaces available in a fast-growing Kansas City suburb.
      507-579 SE Melody Ln, Lees Summit, MO 64063
      View Details
    • Contact for pricing
      1,793 SF

      Medical Office Space For Rent

      Class A medical office space adjacent to Lee’s Summit Medical Center.
      2100 SE Shenandoah Dr, Lees Summit, MO 64063
      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.
    406 Douglas St
    Lees Summit, MO 64063-4247
    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
    406 Douglas St, Lees Summit, MO, 64063
    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!