Two-Property Shopping Center
2405-2437 NW Prairie View Rd, Platte City, MO 64079
For Sale
Contact for pricing
The combined offering comprises fully occupied retail centers in Platte City and Grandview, Missouri.
Property Size24,670 SF
Price / SF$121.56
Days on Market36
Property Features for 2405-2437 NW Prairie View Rd
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Highway Access
Mixed-Use Components
Additional Details
Tenant in Place
Building Details
Buildings
Tenancy
Listing Agency:
Rubenstein Real Estate Company
Listed By:
Dwight Medbery · License #KS 00051209
(816) 695-5788
Source:
Crexi
Added: Oct 5
Changed: Nov 8
Last Checked: Nov 8 at 3:50PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Rubenstein Real Estate Company
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Offered together, the two shopping centers total 24,670 square feet and are fully occupied. Platte City Shops contains 11,870 square feet of retail space, with two restaurants serving as anchors. Truman Plaza provides 12,800 square feet for retail and office use and has a varied tenant roster. Recent work at Truman Plaza includes HVAC, roof, and parking lot improvements.
The properties are in Platte City and Grandview, Missouri. Platte City Shops has access to I-29, while Truman Plaza is less than a mile from I-49. Lease arrangements across the portfolio include base-year expense recovery provisions and a triple-net lease. Lease terms and tenant reimbursements warrant independent review.
The properties are in Platte City and Grandview, Missouri. Platte City Shops has access to I-29, while Truman Plaza is less than a mile from I-49. Lease arrangements across the portfolio include base-year expense recovery provisions and a triple-net lease. Lease terms and tenant reimbursements warrant independent review.
Key Highlights
- Two shopping centers offered together, totaling 24,670 square feet
- Both properties are 100% occupied
- Platte City Shops: 11,870 SF of retail space, anchored by two restaurants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$259,758
Cap Rate
8.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,195,160
$5.2M
Cap Rate 7%
$3,710,829
$3.7M
Cap Rate 9%
$2,886,200
$2.9M
Market Conditions
NOI Build-Up for 24,670 SF
Gross rent
$376.0K $15.24/SF
− Vacancy
−$4.9K −$0.20/SF
EGI
$371.1K $15.04/SF
− OpEx
−$111.3K −$4.51/SF
NOI
$259.8K $10.53/SF
Area
Platte County, MO
Vacancy
1.30%
Lease Rate
$15.24 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,195,160
Cap Rate 7%
$3,710,829
Cap Rate 9%
$2,886,200
Alternative Uses
Best Use
Retail
$3.71M
$3.25M – $4.33M
NOI $259,758 @ 7.0% cap · market cap 8.66%
Second Best
Mixed Use
$3.26M
$2.85M – $3.80M
NOI $228,275 @ 7.0% cap · market cap 7.61%
Theoretical Best
Healthcare Medical
$11.27M
$9.86M – $13.15M
NOI $788,917 @ 7.0% cap · market cap 26.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
345
Businesses Nearby
201k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 56%
Dining 42%
Home Improvements & Furnishings 1%
Hotels & Casinos 1%
QuikTrip
Shops & Services
94,409 visits/mo
0.4 miles
McDonald's
Dining
34,698 visits/mo
0.2 miles
SONIC Drive In
Dining
10,759 visits/mo
0.1 miles
Burger King
Dining
8,189 visits/mo
0.4 miles
Wendy's
Dining
7,968 visits/mo
0.1 miles
Demographics for 64079, MO
14,748
Population
5,515
Households
2.7
Avg Household Size
39
Median Age
45%
College-Educated
98%
High-School Grad
94.8 sq mi
ZIP Area
156
Density / Sq Mi
$100,448
Median Household Income
$49,573
Median Earnings
$1,349
Median Rent
$325,800
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Shopping center - The combined offering comprises fully occupied retail centers in Platte City and Grandview, Missouri.
Where is this shopping center located?
The property is located at 2405-2437 NW Prairie View Rd Platte City, MO.
What is the asking price?
The asking price for this property is $2,999,000.
What are key features of this property?
This property features: Two shopping centers offered together, totaling 24,670 square feet; Both properties are 100% occupied; Platte City Shops: 11,870 SF of retail space, anchored by two restaurants
