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    2201 Outer Rd Bates City, MO 64011

    Sponsored
    For Sale
    $2,700,000

    High-traffic location, diverse income streams.

    Property size:
    841,579 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a unique blend of commercial real estate uses in the thriving Kansas City metro area. Situated on 19.32 acres directly on I-70, across from a Love's Truck Stop, this property boasts high visibility and significant traffic flow. The complex includes a motel with 20 studio units (currently 95% occupancy, $440-$680/month rent), 12 cabin studio units (83% occupancy, $640-$700/month rent), and two condos ($1,000-$1,100/month rent). A mobile home park with 89 pads (21 park-owned, 1 tenant-owned, 6 vacant) generates substantial rental income ($525-$790/month). The RV park offers 23 full-service sites (with 5 more nearing completion), providing additional revenue streams. A 24-hour laundromat, recently upgraded, adds further income potential, averaging $1,500/month. Built in 1975 with ongoing renovations, the property features five single-story buildings totaling 841,579 square feet, with 180 parking spaces. The property is zoned for multifamily use, offering significant potential for future development. The current NOI is $268,359, with a pro-forma NOI of $362,745, resulting in a 9.94% cap rate and a pro-forma cap rate of 13.44%. The asking price is $2,700,000 ($3.21/sq ft, $30,337.08/pad). Seller financing may be possible. The property is not located in a flood zone and offers a compelling return on investment with significant upside potential. The property is located in Bates City, MO, 30 miles east of Kansas City.

    Property Features for 2201 Outer Rd

    General Information

    Property type
    Multifamily properties
    Square Feet
    841,579 SF
    Class
    C
    Lot Size
    841,579 SF

    Building Details

    Year Built
    1975
    Buildings
    5
    Stories
    1
    Units
    89

    HighLights

    • $2,700,000 asking price for a value‑add, Class C hospitality property encompassing a motel, mobile home park, and RV park.
    • 9.94% current cap rate, 13.44% pro‑forma cap rate, with an 83% occupancy rate (projected 100% by 08/28/2024).
    • 89 total units (89 pads, 20 motel keys) across 19.32 acres, featuring 5 buildings, 180 parking spaces, and a 24‑hour laundromat.
    • Located in Bates City, MO (64011), on I‑70 across from Love's Truck Stop, approximately 30 miles from Kansas City, MO.
    • Property includes 28 mobile home pads (21 park‑owned, 1 tenant‑owned, 6 vacant), 23 full‑service RV sites (5 more under construction), and 20 motel units (95% occupancy).
    • Multi‑family zoning allows for potential development opportunities. Seller financing is possible.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bates City Mobile ... Mobile Home Park MBH Midwest Home ... Construction Company

    Suggested Use

    Realty agency Restaurant Spa & Massage Clothing Store Gym & Fitness Skin Care Clinic Wholesale Shop Department Store Auto Repair Shop Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Bates City
    County
    Lafayette
    State
    Missouri
    Longitude
    -94.069362482047
    Latitude
    39.012198909344

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    FAQs

    What type of property is this?
    Multifamily property - High-traffic location, diverse income streams.
    Where is this multifamily property located?
    The property is located at 2201 Outer Rd Bates City, MO.
    What is the asking price?
    The asking price for this property is $2,700,000.
    What are key features of this property?
    This property features: $2,700,000 asking price for a value-add, Class C hospitality property encompassing a motel, mobile home park, and RV park.; 9.94% current cap rate, 13.44% pro-forma cap rate, with an 83% occupancy rate (projected 100% by 08/28/2024).; 89 total units (89 pads, 20 motel keys) across 19.32 acres, featuring 5 buildings, 180 parking spaces, and a 24-hour laundromat.
    Request Owner's contact information
    2201 Outer Rd Bates City, MO 64011
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    Bates City, MO 64011
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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
    2201 Outer Rd Bates City, MO 64011
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