Retail Space with Highway
For Sale
$784,000
28503 E 286th Terrace, Garden City, MO 64747
Commercial Sale, Garden City, MO
Property Size9,704 SF
Lot Size3.90 Acres
Price / SF$80.79
Days on Market94
Property Features for 28503 E 286th Terrace
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
Com
Parking features
Parking Lot, Paved or Surfaced
Interior features
Storage, Private Restroom
Exterior features
Building Sign, Delivery Door(s)
Directions
Highway 7 southeast from Harrisonville to S State Rte T. Turn right then turn right on E 286th Ter. Lot is on the right and buildings are at the end of E 286th Ter.
Subdivision
208 - Cass County, Mo
Standard status
Active
APN
0372501
Lot size
3.90 Acres
Taxes and HOA fees
Tax Description
20-44-30 White Rock Park Subdivision Lot 1 Garden City, Cass County, MO and White Rock Park Subdivision Lot 10
Tax Annual Amount
7929
Legal Description
20-44-30 White Rock Park Subdivision Lot 1 Garden City, Cass County, MO and White Rock Park Subdivision Lot 10
Utilities
Utilities
Water Available
Building Details
Year built
1996
Floors in Building
1
Additional Structures
Storage
Listing Agency:
Platinum Realty LLC
(888) 220-0988
Listed By:
Christopher Beshore
(816) 289-1521
Added: May 19
Changed: Aug 19
Last Checked: Aug 20 at 7:06PM
MLS# 2621114
Copyright © 2026 Heartland Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This retail space includes 9,704 square feet across two buildings on a 2.5-acre tract. The improvements provide versatile retail and light industrial space, with storage, a private restroom, building signage, and delivery doors. Paved parking supports on-site access, and water is available. The buildings were constructed in 1996.
A separate 1.4-acre vacant commercial lot is included and directly fronts Highway 7. The combined property totals 3.9 acres and carries Com zoning, providing an improved commercial component alongside additional frontage land in Garden City, Missouri.
A separate 1.4-acre vacant commercial lot is included and directly fronts Highway 7. The combined property totals 3.9 acres and carries Com zoning, providing an improved commercial component alongside additional frontage land in Garden City, Missouri.
Key Highlights
- 9,704 square feet of retail and light industrial space across two buildings
- 2.5‑acre improved tract plus a separate 1.4‑acre vacant commercial lot
- Separate lot directly fronts Highway 7
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$57,406
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.32%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,148,120
$1.1M
Cap Rate 7%
$820,086
$820.1K
Cap Rate 9%
$637,844
$637.8K
Market Conditions
NOI Build-Up for 9,704 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$87.3K $9.00/SF
− Vacancy
−$5.3K −$0.55/SF
EGI
$82.0K $8.45/SF
− OpEx
−$24.6K −$2.54/SF
NOI
$57.4K $5.92/SF
Area
Cass County, MO
Vacancy
6.10%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,148,120
Cap Rate 7%
$820,086
Cap Rate 9%
$637,844
Alternative Uses
Best Use
Retail
$1.35M
$1.18M – $1.57M
NOI $94,491 @ 7.0% cap · market cap 12.05%
Second Best
Industrial
$820.1K
$717.6K – $956.8K
NOI $57,406 @ 7.0% cap · market cap 7.32%
Theoretical Best
Office A
$2.19M
$1.91M – $2.55M
NOI $153,152 @ 7.0% cap · market cap 19.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
17
Businesses Nearby
Explore this area
Business Placement
Demographics for 64747, MO
3,838
Population
1,720
Households
2.2
Avg Household Size
42
Median Age
14%
College-Educated
92%
High-School Grad
125.4 sq mi
ZIP Area
31
Density / Sq Mi
$73,472
Median Household Income
$42,705
Median Earnings
$882
Median Rent
$223,500
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Two-building commercial property with paved parking, delivery access, storage, and a separate commercial lot.
Where is this retail space located?
The property is located at 28503 E 286th Terrace Garden City, MO.
What is the asking price?
The asking price for this property is $784,000.
What are key features of this property?
This property features: 9,704 square feet of retail and light industrial space across two buildings; 2.5‑acre improved tract plus a separate 1.4‑acre vacant commercial lot; Separate lot directly fronts Highway 7
