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    I-29 Platte City, MO

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    For Sale
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    3,115+ acres with utilities and direct highway access.

    Type:LAND
    Property size:
    3,115 SF
    Lot size:
    3,300.00 Acres
    Added:
    May 26, 2025
    Days on Market:
    315
    Last Refresh:
    Apr 1 at 9:38 pm

    Property Features for I-29

    General Information

    Standard status
    Active
    Size
    3,115 SF
    Lot size
    3,300.00 Acres
    Property subtype
    LAND

    Properties For Sale

    at I-29 Contact us

    We can help!

    Listing Contact
    Austin Baier
    Austin Baier

    Listing agent Austin Baier

    Listing office CBRE | Kansas City

    Listing date May 26, 2025

    Source Moodyscre

    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 CBRE | Kansas City

    Overview

    Large Acreage with Tax Abatement

    This expansive property offers over 3,115 acres with the potential for 17.78M± square feet of development. It features transmission-level utilities on-site and direct access to both I-29 and I-435 via a full interchange at I-29 and Mexico City Avenue. The property is zoned MPD, which is approved for manufacturing, distribution, e-commerce, office, technology, and similar industries, with no public meetings required for approved uses. It also provides access to a large skilled labor force and immediate access to FedEx, UPS, USPS, and Amazon Prime Air services via Mexico City Avenue. A significant benefit is the 20-year tax abatement, offering a rate of $0.05 per square foot for the first 5 years.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Platte City
    County
    Platte
    State
    Missouri
    Longitude
    -94.7825
    Latitude
    39.3703

    Nearby Similar for Sale

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      2,100 SF

      Modern Office Building Platte City

      2,100 SF office building on corner lot.
      355 Main St, Platte City, MO 64079
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    • Contact for pricing

      Commercial Land Near Highway 435

      Commercial land with highway visibility, near Kansas City airport.
      Running Horse Rd, Platte City, MO
      View Details

    FAQs

    What type of property is this?
    Land - 3,115+ acres with utilities and direct highway access.
    Where is this land located?
    The property is located at I-29 Platte City, MO.
    What are key features of this property?
    This property features: 20‑YEAR TAX ABATEMENT - enjoy significantly reduced costs at $0.05 PSF for the first 5 years.; MPD Zoning approved for manufacturing, distribution, e‑commerce, office, technology and similar industries. NO public meetings required for any approved uses.; Direct access to I‑29 and I‑435 via full Interchange at I‑29 and Mexico City Avenue.
    (816) 605-2286 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Austin Baier
    Austin Baier
    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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