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Property profile

16203 Mo-45 Parkville, MO 64152

OFF-MARKET
Warehouses
21,650 SF 1.71 ac lot Built 2024
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Property summary

AI-generated overview

This exceptional investment opportunity presents a newly constructed, multi-tenant garage complex in Parkville, Missouri. Located at 16203 MO-45, 64152, this property boasts 21,650 square feet across three single-story buildings situated on a 1.71-acre lot. Built in 2024, the property currently enjoys 100% occupancy, generating a substantial net operating income (NOI) of $287,362.50, resulting in an attractive 7.50% capitalization rate. The property is classified as industrial, retail, and self-storage, with a flex/warehouse subtype, and is offered at an asking price of $3,831,500. The lease type is NNN, minimizing landlord responsibilities. The property's strategic location provides easy access to I-435 and Highway 45, catering to the high demand for multi-tenant garage spaces. Further potential exists for value enhancement through the addition of restrooms and HVAC systems to individual units. This is a turnkey investment with significant upside potential in a thriving market. The property's strong performance and prime location make it an ideal addition to any portfolio. All units are currently leased.

Property profile

Verified
Property type Warehouses
Year built 2024
Total area 21,650 SF
Lot 1.71 ac (74,488 SF)

Cap rate & NOI

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

Location

16203 Mo-45 Parkville, MO 64152
Parkville metro
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Value estimations

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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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