4881 Wallace Ave, Kansas City, MO 64129
This exceptional 8.2-acre property, located at 4881 Wallace Avenue in Kansas City, Missouri, presents a unique opportunity for developers and investors. Situated in the desirable Raytown School District and boasting a Kansas City address, this land offers significant potential for residential development. Prior ownership completed all engineering and subdivision design, resulting in a City-approved plat for approximately 27 to 41 lots. The approved subdivision plan is named "The Forest at Eastwood Estates," although detailed plans are not currently available from the current owner. The asking price for this remarkable parcel is $125,000. The property is zoned for multifamily residential use, making it ideal for a variety of development projects. While an aerial image is available for reference, it's important to note that it does not precisely depict the property's boundaries. This is a rare chance to acquire a fully engineered and approved development site in a highly sought-after location, ready for immediate development. The property's address is verified as 4881 Wallace Avenue, Kansas City, MO 64129, within Jackson County. The latitude and longitude coordinates are 39.035953, -94.486411 respectively. Act quickly to secure this prime development opportunity.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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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.