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    497 Terrace St Kansas City, MO 64118

    For Sale
    $450,000

    3.05 Acres, High Traffic Area, Owner Financing Available

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 3.05-acre agricultural land parcel presents a unique investment opportunity in a highly desirable location. Situated at 497 NW 68 Terrace in Gladstone, Missouri, zip code 64118, this property boasts excellent highway access and proximity to essential services. The land is conveniently divided into two sections: 1.26 acres in Gladstone and 1.36 acres in Kansas City, both zoned C3. A recent survey confirms the total acreage of 3.05 acres. This prime real estate is ideally suited for various commercial ventures or multi-family developments, capitalizing on the high traffic volume and nearby development. The asking price is $450,000, and the owner is offering attractive owner financing with a 2-year balloon payment and a $100,000 down payment. All terms are negotiable. This represents a compelling value proposition for discerning investors seeking a strategic land acquisition in a thriving area. The property's location within a good school district further enhances its appeal.

    Property Features for 497 Terrace St

    General Information

    Property type
    Farms
    Lot Size
    132,858 SF

    HighLights

    • $450,000 asking price for 3.05 acres of agricultural land.
    • Located at 497 NW 68 Terrace, Gladstone, MO 64118.
    • High‑traffic area with excellent highway access and proximity to amenities.
    • Zoned C3 in Gladstone and Kansas City, MO.
    • Owner financing available with attractive terms (2‑year balloon, $100,000 down payment).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Law Firm Nail Salon Building Supply Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Kansas City
    County
    Clay
    State
    Missouri
    Longitude
    -94.5871952
    Latitude
    39.2171187

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    FAQs

    What type of property is this?
    Farm - 3.05 Acres, High Traffic Area, Owner Financing Available
    Where is this farm located?
    The property is located at 497 Terrace St Kansas City, MO.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: $450,000 asking price for 3.05 acres of agricultural land.; Located at 497 NW 68 Terrace, Gladstone, MO 64118.; High-traffic area with excellent highway access and proximity to amenities.
    Request Owner's contact information
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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
    497 Terrace St Kansas City, MO 64118
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