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Property profile & analytics
OFF-MARKET
Land

497 Terrace St Kansas City, MO 64118

3.05 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 3.05 ac (132,858 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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