Property profile

291 Sherman Rd Kansas City, MO 64156

OFF-MARKET
Land
32 ac lot
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Property summary

AI-generated overview

This exceptional 32-acre commercial land parcel presents a unique investment opportunity in Kansas City, Missouri. Strategically located at the Northwest corner of MO-291 Highway and NE Sherman Road, this property boasts unparalleled accessibility due to its proximity to the I-435 and MO-291 highway interchange. The site already has approvals in place for a 250,000 square foot retail development, simplifying the development process. All utilities are readily available on-site, minimizing infrastructure costs. The location offers significant advantages, including adjacency to a QuikTrip and a new fire station, indicating a thriving and well-supported community. This high-growth area is further enhanced by its reputation for excellent schools, making it an attractive location for businesses and residents alike. The property's zoning allows for potential mixed-use development, providing flexibility for a variety of commercial ventures. The asking price for this prime commercial development land is $3,484,800. Located in Clay County, Missouri, with a zip code of 64156, this property offers an exceptional opportunity for significant return on investment. Don't miss this chance to acquire a premier commercial site in a rapidly expanding area of Kansas City.

Property profile

Verified
Property type Land
Lot 32 ac (1,393,920 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

291 Sherman Rd Kansas City, MO 64156
Kansas City metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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