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    2 Hwy Harrisonville, MO 64701

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    2 Hwy Harrisonville, MO 64701

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    • Land
    • 140.50 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 2 Hwy

    Lot size
    140.50 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional 140.5-acre property presents a unique investment opportunity in Harrisonville, Missouri. Located at the Northwest corner of South Brush College Road and Highway 2, this expansive land parcel offers a blend of agricultural and residential potential. The property is partially located outside the floodplain, minimizing flood risk. Situated in Cass County, this land boasts convenient access to the thriving city of Harrisonville, known for its diverse residential areas, professional offices, and growing industries. Harrisonville's strategic location, just 45 minutes south of downtown Kansas City via Interstate 49, provides easy access to the metropolitan area's amenities and employment opportunities. The city's commitment to enhancing its community while maintaining a high quality of life makes it an attractive location for both residential and commercial development. This large tract of land offers significant possibilities for a variety of uses, making it an ideal investment for those seeking a substantial land holding with diverse development potential in a rapidly growing area. The asking price for this remarkable property is $1,686,000. The zip code is 64701.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Harrisonville
    County
    Cass
    State
    Missouri
    Longitude
    -94.2807
    Latitude
    38.6042

    Comparable in this City

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      35.00 Acres

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      Farms • 35.00 Acres
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      3.50 Acres

      1 Old Trail Rd

      Farms • 3.50 Acres
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      3.25 Acres

      2 Old Trail Rd

      Farms • 3.25 Acres
      2 Old Trail Rd, Harrisonville, MO 64701
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    • Value Estimation by Request
      13.50 Acres

      State Rt. Ee Rd

      Farms • 13.50 Acres
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    • Value Estimation by Request
      65.31 Acres

      Orch & 7 Hwy

      Distribution properties • 65.31 Acres
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    • Value Estimation by Request
      22.56 Acres

      Horn Rd

      Farms • 22.56 Acres
      0 Horn Rd, Harrisonville, MO 64701
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    Similar Nearby for Sale

    • Contact for pricing

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      Subdivision Lot For Sale

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      Renovated Multifamily Portfolio in Harrisonville

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      Renovated Apartment Buildings Portfolio

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    Similar Nearby for Lease

    • $10 SF/Yr
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      Office Space Near Highway 291

      Office space with below market rents and highway signage.
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      Medical Office Space for Lease

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    2 Hwy
    Harrisonville, MO 64701
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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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