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Property profile & analytics
OFF-MARKET
Commercial land

1401 Goode Ave Grandview, MO 64030

4.02 ac lot
Entity Owned 3-yr Hold Free & Clear
Property ID
US48-0496496
Property summary
AI-generated overview

This exceptional 60-unit multifamily investment opportunity, located at 1401 Goode Ave, Grandview, MO 64030, presents a compelling proposition for discerning investors. Comprising thirty, two-story buildings on a 3.8-acre lot, this new construction (2024/2025 completion) portfolio boasts 88,800 square feet of net rentable space, with individual units ranging from 1,400 to 1,500 square feet. Each unit is tastefully designed, featuring high-end finishes including granite countertops and wood construction, and is equipped with a lifetime composite roof. The property is zoned for both rental and sale, offering flexibility for future income streams. Further enhancing its appeal are the included HOA, ensuring long-term property maintenance, and EV charging stations in every garage, along with additional street parking. Optional solar systems are available, exceeding all local energy requirements. The property is situated in the desirable downtown Grandview area and is expected to be fully occupied by November 1, 2024. The asking price for this turnkey investment is $16,850,000. An adjacent shovel-ready 3.8-acre lot is also available for purchase separately at $1,800,000. This presents a unique opportunity to expand the portfolio or develop additional complementary projects. The property is owned by an LLC.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 4.02 ac (175,111 SF)
APN 64-840-13-11
UPID US48-0496496
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
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
14001 Goode LLC · 3 yrs held
14001 Goode LLC
since 2023
2 recorded transactions
2023
Price N/A
1999
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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