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Property profile & analytics
OFF-MARKET Estimated value $960,000
Retail space

331 Main St Platte City, MO 64079-8451

5,100 SF 0.08 ac lot Built 1896
Entity Owned 3-yr Hold Free & Clear
Property ID
US48-0772765
Property summary
AI-generated overview

This stunning, fully renovated executive office building presents a unique investment opportunity in the heart of Platte City, Missouri. Located at 331 Main Street, this two-story property boasts a total of 3936 square feet of meticulously updated office space, perfect for a law firm or other professional service business. Built in 1896 and completely renovated in 2022, the building seamlessly blends historic charm with modern functionality. The interior features multiple offices, well-appointed conference rooms, and inviting common areas, all designed to enhance productivity and collaboration. An additional 1150 square feet of warehouse space is located at the rear of the building, offering versatile storage or expansion potential. Large front windows provide excellent natural light and street visibility, maximizing exposure for your business. While on-street parking is readily available, a separate parking lot behind the building is also available for purchase, providing ample parking for staff and clients. This exceptional property sits on a 0.08-acre lot and enjoys convenient access to the Platte County Courthouse and other downtown amenities, as well as easy access to interstate highways and the new international airport, reflecting the continued growth of the Northland area. The asking price for this must-see property is $475,000.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1896
Total area 5,100 SF
Lot 0.08 ac (3,485 SF)
APN 13-7.0-25-300-019-005-000
UPID US48-0772765
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
$825k
Comparable Approach Comparable
$1.07M
Blend (final) Blend
$960k
Owner & transaction history
Ritchie Properties LLC · 3 yrs held
Ritchie Properties LLC
since 2023
7 recorded transactions
2024
Price N/A
2023
Price N/A
2022
Price N/A
2021
Price N/A
2020
Price N/A
2019
Price N/A
2018
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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