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    4929 Old Pike Rd Gladstone, MO 64118

    For Sale
    $1,300,000

    Profitable Steak 'n Shake, 4,400 SF

    Property size:
    4,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 4,400-square-foot retail property, currently operating as a Steak 'n Shake, is available for sale at $1,300,000. Located at 4929 NW Old Pike Rd in Gladstone, Missouri (zip code 64118), this multi-tenant property sits on a 1.43-acre lot and benefits from a prime location on a Home Depot pad site within a thriving retail corridor. The property's strong tenant history and established location in a densely populated Gladstone neighborhood offer significant investment potential. Nearby retailers include major players such as Price Chopper, Sam's Club, Big Lots, Lowe's, and Office Depot, ensuring high visibility and foot traffic. The existing Steak 'n Shake operator will close prior to the closing of the sale, presenting a unique opportunity for redevelopment or securing a new tenant. The property is offered as an owner/user investment with a NNN lease type. The net rentable square footage is 4,400 square feet. This presents a compelling opportunity for investors seeking a high-traffic location with redevelopment potential in a strong retail market within the Kansas City DMA. The property is classified as a restaurant and storefront, offering versatility for various business ventures.

    Property Features for 4929 Old Pike Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    4,400 SF
    Lot Size
    62,291 SF

    HighLights

    • $1,300,000 asking price for a 4,400 SF retail property.
    • Located on a Home Depot pad site in Gladstone, MO (Kansas City DMA).
    • Strong retail co‑tenancy including Home Depot, Price Chopper, Sam's Club, and more.
    • Excellent demographics in an established Gladstone neighborhood.
    • Potential for redevelopment; existing operator will vacate prior to closing.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Gladstone
    County
    Clay
    State
    Missouri
    Longitude
    -94.581406
    Latitude
    39.1830077

    Nearby Comparable

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      Retail Building on Home Depot Pad

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      High-Performing Retail Store for Sale

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Individual retail property - Profitable Steak 'n Shake, 4,400 SF
    Where is this individual retail property located?
    The property is located at 4929 Old Pike Rd Gladstone, MO.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: $1,300,000 asking price for a 4,400 SF retail property.; Located on a Home Depot pad site in Gladstone, MO (Kansas City DMA).; Strong retail co-tenancy including Home Depot, Price Chopper, Sam's Club, and more.
    Request Owner's contact information
    4929 Old Pike Rd Gladstone, MO 64118
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    Gladstone, MO 64118
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4929 Old Pike Rd Gladstone, MO 64118
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