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    OFF-MARKET
    Retail space

    631 Murray Rd, Lees Summit, MO 64081-1203

    4,500 SF 0.48 ac lot Built 2002
    Entity Owned 13-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US48-3096186
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 2002
    Construction WOOD
    Total area 4,500 SF
    Lot 0.48 ac (20,909 SF)
    APN 62-120-09-02
    UPID US48-3096186
    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
    • Rodgers Fine Jewelry (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Kc Centurion LLC · 13 yrs held
    Kc Centurion LLC
    since 2012
    5 recorded transactions
    2019
    2012
    2012
    2007
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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