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Property profile & analytics
OFF-MARKET Estimated value $710,000
Strip malls

4621 Shrank Dr Independence, MO 64055-5453

16,910 SF 2.07 ac lot Built 1991
Trust Owned 10-yr Hold Absentee Owner Free & Clear
Property ID
US48-0177802
Property summary
AI-generated overview

This exceptional commercial property, located at 4621 S Shrank Drive in Independence, Missouri, presents a unique investment opportunity. Boasting a substantial 20,000 square feet of space, this versatile building is ideally situated off Highway 40, ensuring high visibility and accessibility. Currently configured to accommodate a diverse range of businesses, the property includes office space, retail space, and two apartments, all operating under month-to-month leases. The existing tenants include a tackle and bait shop, demonstrating the property's adaptability to various commercial uses. A significant portion of the building, including a large event space and additional office areas, is currently vacant, offering considerable potential for expansion or customization to suit a new owner's specific needs. The property also features a full parking lot, providing ample space for customers and employees. Recent improvements include a $100,000 investment in a new roof, ensuring long-term structural integrity and minimizing future maintenance costs. This property is priced at $850,000 and presents a compelling opportunity for investors seeking a high-traffic, multi-use commercial space with significant upside potential. The month-to-month leases provide flexibility for the new owner to implement their vision for the property.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1991
Construction WOOD
Total area 16,910 SF
Lot 2.07 ac (90,169 SF)
APN 34-400-01-13
UPID US48-0177802
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Atlas Family Chiropractic Alternative Medicine Practice
  • Dr. Lewis Rosenblatt, DO Pediatrician Physician
  • Atlas Massage Alternative Medicine Practice Spa & Massage Center
  • Serenity Massage and Bodycare, Inc Alternative Medicine Practice Spa & Massage Center
  • Natural Path Massage Social Service Agency Crisis Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$560k
CAP Approach CAP
by Request
Comparable Approach Comparable
$860k
Blend (final) Blend
$710k
Owner & transaction history
Lester,lawrence C Trust · 10 yrs held
Lester,lawrence C Trust
since 2015
1 recorded transaction
2015
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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