631 Murray Rd, Lees Summit, MO 64081-1203
This exceptional investment opportunity presents a 4,500 square foot retail shopping center in Lee's Summit, Missouri. Located at 631 NW Murray Rd, 64081, this single-story, 2002-built property boasts a prime location across from Summit Woods Crossing, a major super-regional shopping center. The property features two tenants, both operating since 2002, with a corporate AT&T lease guarantee providing exceptional security. The 100% occupied center offers a strong net operating income (NOI) of $195,521, resulting in a compelling 5.85% cap rate. The asking price is $3,345,000, translating to $743.33 per square foot. The property sits on a 0.54-acre lot with 23 parking spaces and benefits from annual rent bumps. The zoning is CP-2. The remaining lease term is six years. Lee's Summit's robust economy, fueled by major employers including a significant school district, Homeland Security, and several other large companies, ensures a stable and growing market. The high visibility location on a road with over 78,000 vehicles per day provides excellent exposure. This is a rare opportunity to acquire a well-positioned, high-performing retail investment in a thriving Missouri market.
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Rodgers Fine Jewelry (Bike/Boat/Book/etc) Store
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.