16203 Mo-45 Parkville, MO 64152
- Warehouses
- 21,650 SF
- 1.71 lot acres
Current Use by Public Records
- Warehouses
Property Details for 16203 Mo-45
- Year built
- 2024
- Lot size
- 1.71 lot acres
- Property size
- 21,650 SF
- Property type
- Warehouses
- Property subtype
- Retail properties
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Parkville
- County
- Platte
- State
- Missouri
- Longitude
- -94.7683
- Latitude
- 39.2238
