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    Property profile & analytics

    524 3rd St Lees Summit, MO 64063-2248

    • Office buildings
    • 1,252 SF
    • 0.33 lot acres
    OFF-MARKET
    Value Estimation
    $340,000
    Location Intelligence
    Property ID
    US48-3348767
    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

    • MJ Hair Studio / Beauty Salon
    • County Court Services / Addiction Treatment Center
    • Stylin Star Hair Studio / Hair Salon
    • Joeys cuts / Barber Shop
    • Especially Eyebrows / Foot Care

    Property Details for 524 3rd St

    Year built
    1952
    Construction
    WOOD
    Lot size
    0.33 lot acres
    Property size
    1,252 SF
    Property type
    Office buildings
    APN
    61-330-16-04
    APU
    613301604

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $320,000

    • CAP approach

      CAP return
      Estimation
      6%
      $360,000
      6.5%
      $410,000
      7%
      $380,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $435,000
      Geo Method
      $405,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $370,000
      Retail
      $360,000
      Mixed-Use
      $425,000
      Hospitality
      $395,000
      Educational
      $345,000
      Residential Income
      $410,000
      Energy
      $365,000
      Income-Based Land
      $405,000
      Food Service
      $450,000

    Location Insight

    • Map
    • Local Demand
    City
    Lees Summit
    County
    Jackson
    State
    Missouri
    Longitude
    -94.3887
    Latitude
    38.9115
    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
    $5,681
    $52,832
    $13,184
    $66,016
    -
    $0.00
    $0.00
    $206,300

    Comparable in this City

    • Value Estimation by Request
      2,018 SF

      200 3rd St

      OFFICE BUILDING • 2,018 SF
      200 3rd St, Lees Summit, MO 64063-2310
      View Details
    • Value Estimation by Request
      3,504 SF

      211 Noel St

      OFFICE BUILDING • 3,504 SF
      211 Noel St, Lees Summit, MO 64063-2241
      View Details
    • Value Estimation by Request
      4,836 SF

      521 2nd St

      OFFICE BUILDING • 4,836 SF
      521 2nd St, Lees Summit, MO 64063-2671
      View Details
    • Value Estimation by Request
      1,920 SF

      208 3rd St

      OFFICE BUILDING • 1,920 SF
      208 3rd St, Lees Summit, MO 64063-2762
      View Details
    • Value Estimation by Request
      1,408 SF

      400 State Rte 291

      OFFICE BUILDING • 1,408 SF
      400 State Rte 291, Lees Summit, MO 64063-2914
      View Details
    • Value Estimation
      $300,000
      1,023 SF

      205 Jefferson St

      OFFICE BUILDING • 1,023 SF
      205 Jefferson St, Lees Summit, MO 64063-2311
      View Details

    Similar Nearby for Sale

    • $395,000

      Lee's Summit Office Building

      Prime Downtown Location, Redevelopment Potential
      200 Market St, Lee's Summit, MO 64063
      View Details
    • $869,000

      Lee's Summit Office Building

      Prime Office & Retail Space, $869,000
      200 Douglas St, Lee's Summit, MO 64063
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    • $1,600,000
      4,000 SF

      Dental Office with Five Operatories

      4,000 SF dental office with five operatories for sale.
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    • $399,000
      2.84 Acres

      Lee's Summit Commercial Land

      2.84 Acres, $399,000, Prime Location
      50 & Todd George Pkwy, Lee's Summit, MO 64063
      View Details
    • $1,045,440
      4.00 Acres

      Lee's Summit Commercial Land

      4-acre development opportunity, $1M+
      1200 Vista Dr, Lee's Summit, MO 64063
      View Details
    • $4,500,000
      0.25 Acres

      Established Venue in Lee's Summit

      Successful event space business and real estate opportunity for sale.
      308 SE Douglas St, Lees Summit, MO 64063
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      70,300 SF

      Lee's Summit Office Space Available

      Office space for lease in Lee's Summit, Missouri.
      800-850 NW Chipman Rd, Lees Summit, MO 64063
      View Details
    • $16 SF/Yr
      730 SF

      Lees Summit Office Space Available

      730 SF office space for rent in Lees Summit.
      601 SE Melody Ln, Lees Summit, MO 64063
      View Details
    • $16 SF/Yr
      5,370 SF

      Lee's Summit Office Space for Lease

      Prime Office Suites, 9 Available, Missouri
      660 Bayberry Ln, Lee's Summit, MO 64063
      View Details
    • $18 SF/Yr
      3,750 SF

      Lees Summit Office Space

      Office space available for lease in Lees Summit, Missouri.
      401 SE Douglas 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 convenient Bayberry Business Center location.
      676 SE Bayberry Ln, Lees Summit, MO 64063
      View Details
    • $15 SF/Yr
      8,508 SF

      Lee's Summit Office Space for Lease

      Prime Office Space, 1,000-2,310 sq ft
      110-120 2Nd St, Lee's Summit, MO 64063
      View Details
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    524 3rd St
    Lees Summit, MO 64063-2248
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    Realmo Value Estimation

    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.

    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.

    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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