Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2.7 Acres Commercial Land Parcel Title is generated by Realmo AI

    NE 64th Street, Gladstone, MO 64118

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Commercial land parcel suitable for development in high-visibility location.

    Type:Land
    Lot size:
    2.70 Acres
    Added:
    Sep 20, 2024
    Days on Market:
    609
    Last Refresh:
    May 13 at 8:19 pm

    Property Features for NE 64th Street

    General Information

    Standard status
    Active
    Lot size
    2.70 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Holly Taber

    Listing agent Holly Taber

    Listing office 1st Class Real Estate KC

    Listing date Sep 20, 2024

    Source Crexi

    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 1st Class Real Estate KC

    HighLights

    • 2.7‑acre parcel zoned for commercial use.
    • High‑visibility location with excellent access to major highways.
    • Flat lot suitable for development.
    • Located in a high‑traffic area.
    • Strong regional growth potential.
    • Ideal for commercial development ventures.

    Overview

    This 2.7-acre parcel of vacant land is suitable for commercial development. The flat lot is located in a high-visibility area with access to major highways and key commercial zones. Zoned for commercial use, the property offers possibilities for businesses and development ventures. The location benefits from high traffic and strong regional growth, making it an investment opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Gladstone
    County
    Clay
    State
    Missouri
    Longitude
    -94.5752
    Latitude
    39.213

    Nearby Similar for Sale

    • $249,900
      2,453 SF

      Spacious Duplex with Fenced Yard

      Move-in ready duplex with large yard in quiet neighborhood.
      7239 N BALES Avenue, Gladstone, MO 64119
      View Details
    • $240,000

      Gladstone Multifamily Investment Opportunity

      Three-unit property with potential for four units in Gladstone, MO.
      6203 N Main Street, Gladstone, MO 64118
      View Details
    • $350,000

      Gladstone Duplex For Sale

      Desirable duplex property in Gladstone, Missouri.
      325-327 NW 62nd Terrace, Gladstone, MO 64118
      View Details
    • $350,000

      Gladstone Duplex with Leasing Potential

      Desirable duplex in Gladstone, MO, with leasing opportunities.
      224-226 NW 62nd Terrace, Gladstone, MO 64118
      View Details
    • $99,000

      Commercial Land in Gladstone, MO

      Commercial land available in the heart of Gladstone, Missouri.
      Brooktree Lane, Gladstone, MO 64119
      View Details
    • $375,000
      1 SF

      Retail Lot Near Antioch Crossings

      Retail lot near Antioch Crossings redevelopment with high traffic location.
      5609 NE Antioch Road, Gladstone, MO 64118
      View Details
    • $500,000

      Restaurant/Retail Property in Gladstone, MO

      Former Steak N Shake with endless possibilities in Gladstone.
      4929 N Old Pike Road, Gladstone, MO 64118
      View Details
    • $99,500

      Wooded Land in Gladstone, Missouri

      1.78 acres of wooded land near highways and amenities.
      N Baltimore Avenue, Gladstone, MO 64118
      View Details
    • $975,000

      Residential Development Opportunity in Gladstone

      8.77 acres ideal for residential development or long-term investment.
      5908 N Broadway Street, Gladstone, MO 64118
      View Details
    • $105,000

      Residential Land in Gladstone, Missouri

      Residential land for sale in Gladstone, Missouri, Clay County.
      6854 N Norton Avenue, Gladstone, MO 64119
      View Details
    • $95,000

      Residential Land in Gladstone, Missouri

      Residential land for sale in Gladstone, Missouri.
      6960 N Norton Avenue, Gladstone, MO 64119
      View Details
    • $120,000

      Residential Land in Gladstone, Missouri

      1.43 acre treed walkout lot in Carriage Hill Estates.
      6912 N Myrtle Avenue, Gladstone, MO 64119
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land parcel suitable for development in high-visibility location.
    Where is this commercial land located?
    The property is located at NE 64th Street Gladstone, MO.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: 2.7‑acre parcel zoned for commercial use.; High‑visibility location with excellent access to major highways.; Flat lot suitable for development.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Holly Taber
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    NE 64th Street, Gladstone, MO 64118
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!