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    Property profile & analytics

    355 Main St Platte City, MO 64079

    • Office buildings
    • 2,100 SF
    • 0.10 lot acres
    For Sale
    View listing
    $299,900
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US48-0772766
    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

    • Office buildings

    Property Details for 355 Main St

    Year built
    1980
    Construction
    WOOD
    Lot size
    0.10 lot acres
    Property size
    2,100 SF
    Property type
    Office buildings
    APN
    13-7.0-25-300-019-001-000
    APU
    137025300019001000

    Description

    This exceptional one-story office building, located at 355 Main Street in Platte City, Missouri, presents a compelling investment opportunity. Built in 1987, the property sits on a sizable 4,200 square foot corner lot, offering excellent visibility and accessibility. Its prime downtown location places it directly across from the Platte County Courthouse, providing convenient access to county offices and other essential services. The building's convenient location also offers easy access to the airport and other amenities. The property features ample surface lot parking located behind the building, ensuring convenient parking for tenants and visitors. Currently configured as multiple individual offices, the space offers flexibility for a variety of uses. Recent upgrades include a newer roof and a newer HVAC system, minimizing maintenance concerns and ensuring energy efficiency. The asking price for this well-maintained and strategically located commercial property is $299,000. This presents a rare chance to acquire a valuable asset in a thriving Missouri community. The property's size, location, and recent improvements make it an ideal investment for both seasoned and new investors seeking a strong return on investment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $295,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $505,000
      6.5%
      $465,000
      7%
      $430,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $196,000
      Market price range: $131k - $358k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $250,000
      Current use
      RETAIL STORES
      $255,000
      Change: +2% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $240,000
      Change: -5% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Platte City
    County
    Platte
    State
    Missouri
    Longitude
    -94.7798
    Latitude
    39.37
    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
    $2,955
    $8,179
    $28,781
    $36,960
    -
    $25,560
    $89,940
    $115,500

    Comparable in this City

    • Value Estimation
      $230,000
      2,885 SF

      117 Br St

      OFFICE BUILDING • 2,885 SF
      117 Br St, Platte City, MO 64079-8112
      View Details
    • Value Estimation by Request
      882 SF

      208 2nd St

      OFFICE BUILDING • 882 SF
      208 2nd St, Platte City, MO 64079-9305
      View Details
    • Value Estimation by Request
      4,988 SF

      1101 Hampton Ln

      OFFICE BUILDING • 4,988 SF
      1101 Hampton Ln, Platte City, MO 64079-9998
      View Details
    • Value Estimation
      $335,000
      5,685 SF

      601 4th St

      OFFICE BUILDING • 5,685 SF
      601 4th St, Platte City, MO 64079-8467
      View Details
    • Value Estimation
      $365,000
      2,054 SF

      420 Br St

      OFFICE BUILDING • 2,054 SF
      420 Br St, Platte City, MO 64079-9705
      View Details
    • Value Estimation
      $435,000
      9,800 SF

      2200 Kentucky Ave

      OFFICE BUILDING • 9,800 SF
      2200 Kentucky Ave, Platte City, MO 64079-7628
      View Details

    Similar Nearby for Sale

    • $299,900

      Prime Platte City Office Building

      Downtown Platte City Executive Office - $299,900
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    • $950,000
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      Platte City Recreational Land - Missouri

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    • $235,000
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      Commercial Building on Highway 273

      Commercial building with kitchen on 1.4 acres near I-29.
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    • $199,000
      Pending

      Duplex with Scenic View

      Duplex in Platte City with a stunning scenic view.
      1863 Wilkerson St, Platte City, MO 64079
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    • $65,000
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      Commercial Land Near Interstate 29

      1.54 acres of commercial land with highway access.
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    • Contact for pricing

      Commercial Land Near Highway 435

      Commercial land with highway visibility, near Kansas City airport.
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      View Details
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    355 Main St
    Platte City, MO 64079
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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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