Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Parkville, MO 64152

    • Land
    • 1.22 lot acres
    For Sale
    View listing
    $210,950
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details

    Lot size
    1.22 lot acres
    Property type
    Land

    Description

    This exceptional 1.22-acre residential lot, located in the Estates at Chapel Hill development in unincorporated Platte County, Missouri, presents a unique opportunity to build your dream home. Priced at $210,950, this property boasts convenient access to city water, sewer, and gas lines, eliminating the complexities of establishing utilities. The lot is situated within a community currently under construction, with streets already completed and ready for new homeowners. Buyers have the freedom to bring their own builder, allowing for complete customization and design flexibility. However, all building plans must undergo the community's architectural approval process to ensure consistency and aesthetic harmony within the development. The property's address is Lot 41 N/A, Parkville, MO 64152, and its location offers the tranquility of a spacious estate lot while remaining conveniently connected to essential services. This is an ideal opportunity for those seeking to create a custom home in a desirable, developing community. The lot is categorized as residential land and is ready for immediate development. Contact us today to learn more about this exceptional building opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Parkville
    County
    Platte
    State
    Missouri
    Longitude
    -94.7071
    Latitude
    39.205

    Comparable in this City

    • Value Estimation by Request
      1.30 Acres

      5A Bluff Vw

      Land • 1.30 Acres
      5A Bluff Vw, Parkville, MO 64152
      View Details
    • Value Estimation by Request
      0.36 Acres

      7600 Westside Dr

      Land • 0.36 Acres
      7600 Westside Dr, Weatherby Lake, MO 64152
      View Details
    • Value Estimation by Request
      0.87 Acres

      Kansas City, MO 64152

      Land • 0.87 Acres
      Kansas City, MO 64152
      View Details
    • Value Estimation by Request
      3.00 Acres

      5 Copper Hl Dr

      Land • 3.00 Acres
      5 Copper Hl Dr, Weatherby Lake, MO 64152
      View Details
    • Value Estimation by Request
      0.50 Acres

      10006 75Th St

      Land • 0.50 Acres
      10006 75Th St, Weatherby Lake, MO 64152
      View Details
    • Value Estimation by Request
      3.60 Acres

      13 Copper Hl Dr

      Land • 3.60 Acres
      13 Copper Hl Dr, Weatherby Lake, MO 64152
      View Details

    Similar Nearby for Sale

    • $204,950
      1.05 Acres

      Parkville Missouri Acre Lot

      Build your dream home on 1.05 acres.
      Parkville, MO 64152
      View Details
    • $209,950
      0.99 Acres

      Parkville Missouri Estate Lot

      Build Your Dream Home on 0.99 Acres
      Parkville, MO 64152
      View Details
    • $115,000
      0.22 Acres

      Parkville Residential Lot: Build Your Dream Home

      0.22-acre lot, prime Parkville location.
      5575 Heritage Hill Rd, Parkville, MO 64152
      View Details
    • $194,900
      0.85 Acres

      Parkville Missouri Residential Land

      0.85-acre lot, build your dream home.
      Parkville, MO 64152
      View Details
    • $479,000
      3.93 Acres

      Prime 3.93-Acre Residential Lot

      Build your dream home in Platte County.
      6 Copper Hl Dr, Weatherby Lake, MO 64152
      View Details
    • $699,000
      0.46 Acres

      Lakefront Lot: Weatherby Lake, MO

      Prime lakefront land, build your dream home!
      7814 Scenic Dr, Weatherby Lake, MO 64152
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,987 SF

      Retail Space in Kansas City

      Retail space available for lease in Kansas City, Missouri.
      1901 Main St, Kansas City, MO 64152
      View Details
    • Contact for pricing
      1,200 SF

      Retail/Office Space in High-Traffic Area

      1,200 SF retail/office space in a high-traffic location.
      8327 N Congress Ave, Kansas City, MO 64152
      View Details
    • $12 SF/Yr
      125,711 SF

      Retail Space in Growing Area

      Suites available in high-traffic area with excellent tenant mix.
      64th N Cosby Ave, Kansas City, MO 64152
      View Details
    • Contact for pricing
      1,232 SF

      Loft-Style Office Space Available

      Office space featuring exposed timbers, brick, and large windows.
      600 6Th St, Kansas City, MO 64152
      View Details
    • Contact for pricing
      2,491 SF

      First-Floor Office Space Available

      2,491 SF office space with excellent visibility and signage.
      3215 Main St, Kansas City, MO 64152
      View Details
    • $18 SF/Yr
      7,470 SF

      Professional Office Space Near YMCA

      Office space with excellent visibility near Platte County YMCA.
      6112 N Mo 9 Hwy, Parkville, MO 64152
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Parkville, MO 64152
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.