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Property profile

10300 E Norledge Ave Independence, MO 64053

FOR SALE
Land
Property ID
US48-3261895
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Property summary

AI-generated overview

This exceptional investment opportunity presents a package sale of eight residential building lots located in Independence, Missouri, at 10300 E Norledge Avenue, zip code 64053. The asking price for this entire portfolio is $99,995. The property is classified as land and multifamily, specifically encompassing residential duplex/triplex/quadruplex structures. The lots are situated in Jackson County, Missouri, at the coordinates 39.113863 latitude and -94.454988 longitude. While the address listed in the property details is 233 N Ash Avenue, the actual location of the eight lots is 10300 E Norledge Avenue. This presents a unique chance to acquire a substantial land holding with significant potential for development or redevelopment within a thriving residential area. The current zoning and permitted uses should be independently verified. This package sale offers a compelling entry point into the Independence real estate market, providing an excellent opportunity for investors seeking to build a portfolio or capitalize on the growing demand for residential properties in this location. Further due diligence is recommended to fully assess the potential of this investment. The property is marketed as a package sale of eight residential building lots. No further details regarding the individual lots or existing structures are provided.

Property profile

Verified
Property type Land
UPID US48-3261895

Cap rate & NOI

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

Location

10300 E Norledge Ave Independence, MO 64053
Independence metro
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Value estimations

Realmo proprietary · 4 methods
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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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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