Listed By: Jayme Miller Show Phone

Source: Moodyscre

Added: Nov 25, 2025 Changed: Sep 4 Last Checked: Oct 4 at 11:30AM

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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 Jayme Miller

Investment Insights

Based on property information with market context.

Located on Main Street in Downtown Parkville, this historic property offers a blend of charm and convenience. The building provides 1317 square feet of space, suitable for office use.

Key Highlights

• Historic property offering charm.
• Located on Main Street.
• In the heart of Downtown Parkville.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$17,751

Cap Rate

4.44%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$355,020 $355.0K

Cap Rate 7%

$253,586 $253.6K

Cap Rate 9%

$197,233 $197.2K

Market Conditions

NOI Build-Up for 1,317 SF

Gross rent

$30.3K $23.04/SF

− Vacancy

−$6.7K −$5.07/SF

EGI

$23.7K $17.97/SF

− OpEx

−$5.9K −$4.49/SF

NOI

$17.8K $13.48/SF

Area

Platte County, MO

Vacancy

22.00%

Lease Rate

$23.04 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$355,020

Cap Rate 7%

$253,586

Cap Rate 9%

$197,233

Alternative Uses

Best Use

Office B

$253.6K

$221.9K – $295.9K (±1% cap)

NOI $17,751 @ 7.0% cap · market cap 4.44%

Second Best

—

—

no second resolved use

Theoretical Best

Healthcare Medical

$601.7K

$526.5K – $701.9K (±1% cap)

NOI $42,116 @ 7.0% cap · market cap 10.53%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Office buildings

Suggested Use

Top Pick Big Box & Wholesale Store Storage Facility Pharmacy Garden Center (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,442

Businesses Nearby

Explore this area Business Placement

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this office buildings located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Office building - Charming office building in the heart of Parkville's downtown.

Where is this office building located?

The property is located at 307 Main St Parkville, MO.

What is the asking price?

The asking price for this property is $399,900.

What are key features of this property?

This property features: Historic property offering charm.; Located on Main Street.; In the heart of Downtown Parkville.