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Property profile & analytics
OFF-MARKET
Office buildings

429 Walnut St Nevada, MO 64772-2436

5,150 SF 0.59 ac lot Built 1973
Individually Owned Absentee Owner Free & Clear
Property ID
US48-2612249
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1973
Total area 5,150 SF
Lot 0.59 ac (25,918 SF)
APN 18-2.0-04-403-000-024.000
UPID US48-2612249
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
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Owner & transaction history
JOANNE R PHELPS
JOANNE R PHELPS
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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