497 Terrace St Kansas City, MO 64118
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.