4621 Shrank Dr Independence, MO 64055-5453
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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.