502 Markey Rd Belton, MO 64012
- Office buildings
- 2,356 SF
- 1.20 lot acres
Current Use by Public Records
- Office buildings
Property Details for 502 Markey Rd
- Year built
- 1960
- Lot size
- 1.20 lot acres
- Property size
- 2,356 SF
- Property type
- Office buildings
- APN
- 05-01-11-200-004-001.002
- APU
- 50111200004001002
Description
This exceptional 1.17-acre commercial property at 502 W Markey Road, Belton, MO, presents a unique investment opportunity. Situated on a busy corner lot and zoned C-2 General Commercial, this building is ideally suited for a variety of uses, including daycare centers, professional offices, or medical practices. Previously a government building, its construction mirrors that of a school, providing a robust and durable structure. The interior has undergone a complete transformation, featuring seven generously sized offices, two restrooms, and a modern kitchen equipped with brand-new appliances. Ample storage space is also available. Significant upgrades have been completed throughout, including a new electrical service with an upgraded breaker panel, brand new plumbing, a state-of-the-art heating and cooling system with a new water heater, and attractive new lifetime LVP flooring. The property also boasts a new drop ceiling, fresh paint throughout, custom kitchen cabinets and countertops, and modern finishes. Exterior improvements include a freshly sealed roof, new gutters, and fresh exterior paint. This turnkey property offers immediate occupancy and is ready for its next chapter. Its prime location ensures high visibility and accessibility, making it an attractive proposition for any business seeking a well-maintained and updated space. The asking price is $749,000. Don't miss this chance to acquire a highly desirable commercial property in a thriving Belton location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $295,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $435,000
- 6.5%
- $385,000
- 7%
- $460,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $430,000
- Geo Method
- $450,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $395,000
- Retail
- $425,000
- Mixed-Use
- $350,000
- Hospitality
- $320,000
- Educational
- $350,000
- Residential Income
- $365,000
- Energy
- $335,000
- Income-Based Land
- $370,000
- Food Service
- $325,000
Location Insight
- Map
- Local Demand
- City
- Belton
- County
- Cass
- State
- Missouri
- Longitude
- -94.545
- Latitude
- 38.8295
- CBSA code
- 28140
- CBSA name
- KANSAS CITY, MO-KS METROPOLITAN STATISTICAL AREA
