2201 Outer Rd Bates City, MO 64011

Property Details for 2201 Outer Rd

Year built

1970

Lot size

4.00 lot acres

Property size

1,875 SF

Property type

Mobile home & RV parks

APN

13-7.0-36-0-000-005.000

APU

1370360000005000

Description

This exceptional investment opportunity presents a unique blend of commercial real estate uses in the thriving Kansas City metro area. Situated on 19.32 acres directly on I-70, across from a Love's Truck Stop, this property boasts high visibility and significant traffic flow. The complex includes a motel with 20 studio units (currently 95% occupancy, $440-$680/month rent), 12 cabin studio units (83% occupancy, $640-$700/month rent), and two condos ($1,000-$1,100/month rent). A mobile home park with 89 pads (21 park-owned, 1 tenant-owned, 6 vacant) generates substantial rental income ($525-$790/month). The RV park offers 23 full-service sites (with 5 more nearing completion), providing additional revenue streams. A 24-hour laundromat, recently upgraded, adds further income potential, averaging $1,500/month. Built in 1975 with ongoing renovations, the property features five single-story buildings totaling 841,579 square feet, with 180 parking spaces. The property is zoned for multifamily use, offering significant potential for future development. The current NOI is $268,359, with a pro-forma NOI of $362,745, resulting in a 9.94% cap rate and a pro-forma cap rate of 13.44%. The asking price is $2,700,000 ($3.21/sq ft, $30,337.08/pad). Seller financing may be possible. The property is not located in a flood zone and offers a compelling return on investment with significant upside potential. The property is located in Bates City, MO, 30 miles east of Kansas City.

Location Insight

City

Bates City

County

Lafayette

State

Missouri

Longitude

-94.071

Latitude

39.0129

CBSA code

28140

CBSA name

KANSAS CITY, MO-KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments