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    OFF-MARKET
    Small apartment buildings

    4881 Wallace Ave, Kansas City, MO 64129

    8.2 ac lot
    Property ID
    US48-2933131
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Small apartment buildings
    Lot 8.2 ac (357,192 SF)
    UPID US48-2933131
    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
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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