429 Walnut St Nevada, MO 64772-2436
This exceptional investment opportunity presents a 1-story, 5,000 sq ft brick office building situated on a 26,136 sq ft lot at 429 E Walnut Street, Nevada, MO 64772. Constructed in 1973 with superior building techniques, this property boasts multiple HVAC systems, ample electrical capacity, common area bathrooms, and a reception area. The building's layout allows for potential subdivision into three separate units, each with independent metering. Currently, a month-to-month tenant occupies approximately 1,000 sq ft and desires to remain. The interior requires renovation, presenting a chance for value enhancement. This probate sale requires judicial approval, with a minimum 10-day contract review period. The asking price of $145,000 represents a significant value proposition, considering the cost of comparable new construction. This property offers a compelling opportunity for long-term ownership or a potential flip for savvy investors. Bring all offers! The property was previously occupied by the Department of Transportation.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.