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    Property profile & analytics

    2401 NW Platte Rd Riverside, MO 64150

    • Grocery and convenience stores
    • 90,235 SF
    • 13.30 lot acres
    For Lease
    View listing
    Last Sale
    Dec 03, 2021
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US48-0887622
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Grocery and convenience stores

    Property Details for 2401 NW Platte Rd

    Year built
    1965
    Lot size
    13.30 lot acres
    Property size
    90,235 SF
    Property type
    Grocery and convenience stores
    APN
    23-2.0-04-400-008-001-000
    APU
    232004400008001000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $7,229,000
      Market price range: $7.23M - $18.9M
      AI Estimate
      $5,460,000
      Market price range: $5.46M - $19.2M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Riverside
    County
    Platte
    State
    Missouri
    Longitude
    -94.6081
    Latitude
    39.1684
    CBSA code
    28140
    CBSA name
    KANSAS CITY, MO-KS METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $78,281
    $370,754
    $516,967
    $887,721
    -
    $1,158,606
    $1,615,521
    $2,774,127

    Comparable in this City

    • Value Estimation
      $10,295,000
      58,908 SF

      2101 Platte Rd

      GROCERY, SUPERMARKET • 58,908 SF
      2101 Platte Rd, Riverside, MO 64150-8800
      View Details
    • Value Estimation
      $1,050,000
      5,858 SF

      4600 Gtwy Ave

      CONVENIENCE STORE • 5,858 SF
      4600 Gtwy Ave, Riverside, MO 64150-9570
      View Details
    • Value Estimation by Request
      6,000 SF

      4609 Gtwy Ave

      RETAIL STORES (PERSONAL SERVICES) • 6,000 SF
      4609 Gtwy Ave, Riverside, MO 64150-9516
      View Details
    • Value Estimation by Request
      4,738 SF

      3400 Vivion Rd

      RETAIL STORES (PERSONAL SERVICES) • 4,738 SF
      3400 Vivion Rd, Riverside, MO 64150-9442
      View Details
    • Value Estimation
      $630,000
      7,053 SF

      2800 Platte Rd

      RETAIL STORES (PERSONAL SERVICES) • 7,053 SF
      2800 Platte Rd, Kansas City, MO 64150-9634
      View Details
    • Value Estimation by Request
      3,600 SF

      4605 Gtwy Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,600 SF
      4605 Gtwy Ave, Riverside, MO 64150-9516
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Kansas City North Build-to-Suit Land

      Prime land in Riverside, MO, ready for custom development.
      4306 Mattox Rd, Riverside, MO 64150
      View Details
    • $890,033
      4.75 Acres

      Riverside Industrial Land - $890K

      4.74-acre site, I-635 access
      5250 40 St, Riverside, MO 64150
      View Details
    • Contact for pricing

      Commercial Land Near KCI Airport

      Commercial land with utilities and potential for outside storage.
      4306 NW Mattox Rd, Riverside, MO 64150
      View Details
    • Contact for pricing

      Riverside Commercial Condominium For Sale

      Commercial condominium with 2417 SF available in Riverside, MO.
      1805 NW Platte Rd, Riverside, MO 64150
      View Details
    • Contact for pricing
      2.68 Acres

      Riverside Industrial Land - 2.68 Acres

      Prime Industrial Land, Build-to-Suit Potential
      4306 Mattox Rd, Riverside, MO 64150
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Pad Sites Available

      Retail pad sites available along Platte Rd, Riverside, MO.
      2401 NW Platte Rd, Riverside, MO 64150
      View Details
    • Contact for pricing
      47,123 SF

      Riverside Warehouse Space Available

      Large industrial warehouse, flexible space options.
      2461-2475 Tullison Rd, Riverside, MO 64150
      View Details
    • Contact for pricing
      37,500 SF

      Riverside Warehouse: 37,500 SF

      Modern warehouse, ideal for single tenant. Prime Riverside location.
      3401-3423 Tullison Rd, Riverside, MO 64150
      View Details
    • Contact for pricing
      57,412 SF

      Riverside Flex Space For Lease

      Modern Flex Space, 12,324 SF Available
      200-246 Plaza Dr, Riverside, MO 64150
      View Details
    • Contact for pricing
      5,942 SF

      Riverside Industrial Space Available

      Industrial property available for lease in Riverside, Missouri.
      4032 NW Riverside Dr, Riverside, MO 64150
      View Details
    • $6 SF/Yr
      28,182 SF

      Platte Valley Flex Space Available

      Riverside, MO Industrial Flex Space for Lease
      100-126 Parkway Dr, Riverside, MO 64150
      View Details
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    Riverside, MO 64150
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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