Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    521 SE 2Nd St Lees Summit, MO 64063
    Back to Search
    Property profile & analytics

    521 SE 2Nd St, Lees Summit, MO 64063

    View on Map
    • Office buildings
    • 4,836 SF
    • 0.75 lot acres
    For Lease
    $15 SF/Yr
    View Listing →
    Lee's Summit Office Space For Lease
    $15 SF/Yr
    1,500 SF

    Lee's Summit Office Space

    Single tenant office space available for rent in Lee's Summit.

    Lees Summit, MO 64063
    View Listing
    Property ID
    US48-1472058
    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

    • Dental Expressions / Dental Office
    • Lees Summit Dentist / Dental Office
    • Steffen Judith M PhD / Doctor / Counselor
    • Geri Hoerman Lcsw Psychotherapy: Hoerman Geri / Family Counselor
    • Legacy Life Solutions / Counselor

    Property Details for 521 SE 2Nd St

    Year built
    1997
    Construction
    WOOD
    Lot size
    0.75 lot acres
    Property type
    Office buildings
    APN
    61-230-31-21
    APU
    612303121

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 5, 2018 — Expressions Investments LLC — Deed · related $311k · Equity Bk
    — — Westbrooke Business Center LLC — Deed Of Trust · related $133k · Kcb Bk
    — — Expressions Investments LLC — Deed Of Trust · related $311k · Equity Bk

    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
    -94.3689
    Latitude
    38.9156
    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
    $11,318
    $121,600
    $9,920
    $131,520
    -
    $0.00
    $0.00
    $411,000

    Comparable in this City

    • Value Estimation by Request
      2,018 SF

      200 3rd St

      OFFICE BUILDING
      200 3rd St, Lees Summit, MO 64063-2310
      View Details
    • Value Estimation by Request
      3,504 SF

      211 Noel St

      OFFICE BUILDING
      211 Noel St, Lees Summit, MO 64063-2241
      View Details
    • Value Estimation by Request
      1,920 SF

      208 3rd St

      OFFICE BUILDING
      208 3rd St, Lees Summit, MO 64063-2762
      View Details
    • Value Estimation by Request
      1,408 SF

      400 State Rte 291

      OFFICE BUILDING
      400 State Rte 291, Lees Summit, MO 64063-2914
      View Details
    • Value Estimation
      $595,000
      4,974 SF

      219 Executive Way

      OFFICE BUILDING
      219 Executive Way, Lees Summit, MO 64063-1842
      View Details
    • Value Estimation
      $580,000
      4,940 SF

      211 Grand Ave Ste A

      OFFICE BUILDING
      211 Grand Ave Ste A, Lees Summit, MO 64063-2847
      View Details

    Similar Nearby for Sale

    • New
      $1,400,000
      Pending

      Renovated Office Building with Parking

      Own a fully renovated office building in a CBD setting with a dedicated parking lot adjacent to the property.
      332 SE Douglas 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
    • $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
    • Contact for pricing

      Move-in Ready Office Space

      Office space with three rooms, potential for a fourth.
      102 SW 2Nd St, Lees Summit, MO 64063
      View Details
    • Contact for pricing
      4,000 SF

      Dental Office with Five Operatories

      4,000 SF dental office with five operatories for sale.
      511 SW Jefferson St, 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

    Similar Nearby for Lease

    • Contact for pricing
      11,365 SF

      Office Space in Lees Summit

      Office space available for lease in Lees Summit, Missouri.
      800-850 NW Chipman Rd, 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
    • Contact for pricing

      Lee's Summit Office Space

      Single tenant office space available for rent in Lee's Summit.
      521 SE 2Nd St, Lees Summit, MO 64063
      View Details
    • Contact for pricing
      3,460 SF

      Lee's Summit Office Space

      Office space available for lease in Lee's Summit, MO.
      910 SE 7Th Ter, Lees Summit, MO 64063
      View Details
    • Contact for pricing
      1,997 SF

      Lee's Summit Office Space

      Office space for rent with high traffic and income.
      450-510 NE Highway Ln, Lees Summit, MO 64063
      View Details
    • Contact for pricing

      Downtown Lee's Summit Office Space

      Second floor office space in historic downtown Lee's Summit.
      301 Southeast Douglas St, Lees Summit, MO 64063
      View Details
    View Listing
    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.
    521 SE 2Nd St
    Lees Summit, MO 64063
    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
    521 SE 2Nd 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!