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    106 NW Main Street Grain Valley, MO 64029

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    Commercial property featuring a brick home and detached suites.

    Type:Retail
    Property size:
    1,750 SF
    Lot size:
    0.63 Acres
    Added:
    Feb 14, 2024
    Days on Market:
    794
    Last Refresh:
    Mar 25 at 8:26 pm

    Property Features for 106 NW Main Street

    General Information

    Standard status
    Active
    Size
    1,750 SF
    Lot size
    0.63 Acres
    Property subtype
    Retail

    Building Details

    Year Built
    1963

    We can help!

    Listing Contact
    Sara Green

    Listing agent Sara Green License #MO 2013018097

    Listing office Platinum Realty LLC

    Listing date Feb 14, 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 Platinum Realty LLC

    Overview

    Commercial Property with Brick Suites

    This sale includes two parcels. The front parcel, zoned commercial C2 and comprising 0.403 acres, features an all-brick home and separate all-brick detached suites. The property's Main Street location offers high visibility, and values are expected to increase due to upcoming new development in the area, including retail spaces and a fully leased new construction apartment complex. The all-brick, 3-bed, 2-bath home with a full basement is suitable for various businesses, such as an insurance office, boutique, vape shop, daycare, or office for various trades. Additional detached all-brick business suites, each with a front and back entrance, half bath, and heating and cooling, are also included. One suite, previously a barber shop, still has water hookups available. The second suite, of the same size, is currently used as a man cave. The back lot, zoned residential and comprising 0.23 acres, is flat. The property, with a size of 1750 square feet, is ideal for small businesses as an owner/operator or as a commercial rental investment. Buyer to verify all measurements.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Grain Valley
    County
    Jackson
    State
    Missouri
    Longitude
    -94.1991623
    Latitude
    39.0111584

    Nearby Similar for Sale

    • $210,000

      Commercial Property with Brick Suites

      Commercial property with brick home and detached suites for sale.
      106 NW Main Street, Grain Valley, MO 64029
      View Details
    • $166,000
      972 SF

      Residential Property with Neutral Palette

      Property featuring a neutral color scheme and updated interior.
      1026 Sandy Lane, Grain Valley, MO 64029
      View Details
    • $6,875,000
      125,000 SF

      Grain Valley Industrial Building

      125,000 SF industrial building with highway access.
      1780 S Buckner Tarsney Rd, Grain Valley, MO
      View Details

    FAQs

    What type of property is this?
    Storefront property - Commercial property featuring a brick home and detached suites.
    Where is this storefront property located?
    The property is located at 106 NW Main Street Grain Valley, MO.
    What is the asking price?
    The asking price for this property is $210,000.
    What are key features of this property?
    This property features: Two parcels included: commercially zoned front parcel with a brick home and residentially zoned back lot.; Prime Main St location with **high visibility and potential for increased property value**.; All brick 3 bed, 2 bath home **suitable for various commercial uses** with a full basement.
    (816) 654-4694 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Sara Green
    Real Estate License ID: MO 2013018097
    Learn More
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    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
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