Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    4929 Old Pike Rd Kansas City, MO 64118-4328
    Property profile & analytics

    4929 Old Pike Rd Kansas City, MO 64118-4328

    View on Map
    • Commercial real estate
    • 1.09 lot acres
    Off-Market
    Property ID
    US48-0982815
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 4929 Old Pike Rd

    Lot size
    1.09 lot acres
    Property type
    Commercial real estate
    APN
    13-917-00-03-004-00
    APU
    13917000300400

    Description

    This exceptional 4,400-square-foot retail property, currently operating as a Steak 'n Shake, is available for sale at $1,300,000. Located at 4929 NW Old Pike Rd in Gladstone, Missouri (zip code 64118), this multi-tenant property sits on a 1.43-acre lot and benefits from a prime location on a Home Depot pad site within a thriving retail corridor. The property's strong tenant history and established location in a densely populated Gladstone neighborhood offer significant investment potential. Nearby retailers include major players such as Price Chopper, Sam's Club, Big Lots, Lowe's, and Office Depot, ensuring high visibility and foot traffic. The existing Steak 'n Shake operator will close prior to the closing of the sale, presenting a unique opportunity for redevelopment or securing a new tenant. The property is offered as an owner/user investment with a NNN lease type. The net rentable square footage is 4,400 square feet. This presents a compelling opportunity for investors seeking a high-traffic location with redevelopment potential in a strong retail market within the Kansas City DMA. The property is classified as a restaurant and storefront, offering versatility for various business ventures.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Kansas City
    County
    Clay
    State
    Missouri
    Longitude
    -94.5817
    Latitude
    39.1829
    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
    $29,534
    $0.00
    $0.00
    $342,400
    -
    $0.00
    $0.00
    $1,070,000

    Comparable in this City

    • Value Estimation by Request
      2.70 Acres

      64Th St

      Land • 2.70 Acres
      0 64Th St, Kansas City, MO 64118
      View Details
    • Value Estimation by Request

      7510 Oak Trfy

      Retail properties & Spaces
      7510 Oak Trfy, Gladstone, MO 64118
      View Details
    • Value Estimation by Request
      0.46 Acres

      2502 Vivion Rd

      COMMERCIAL (GENERAL) • 0.46 Acres
      2502 Vivion Rd, Kansas City, MO 64118-6222
      View Details
    • Value Estimation by Request
      0.52 Acres

      1500 Vivion Rd

      COMMERCIAL (GENERAL) • 0.52 Acres
      1500 Vivion Rd, Kansas City, MO 64118-4557
      View Details
    • Value Estimation by Request
      0.75 Acres

      1522 Vivion Rd

      COMMERCIAL (GENERAL) • 0.75 Acres
      1522 Vivion Rd, Kansas City, MO 64118-4557
      View Details
    • Value Estimation by Request
      0.29 Acres

      6100 Oak Trfy

      COMMERCIAL (GENERAL) • 0.29 Acres
      6100 Oak Trfy, Kansas City, MO 64118-5115
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land Parcel Behind Roofing Company

      Land parcel available behind Christian Brothers Roofing.
      7514 N Oak Trfy, Gladstone, MO 64118
      View Details
    • Contact for pricing

      Prime Development Land For Sale

      Development land in growing Kansas City Metro Area near Liberty, MO.
      NE 76Th St, Kansas City, MO 64118
      View Details
    • Contact for pricing

      Commercial Pad Site For Sale

      19,375 SF build-to-suit pad site for sale.
      NE 82Nd Ter, Kansas City, MO 64118
      View Details
    • $99,500
      1.78 Acres

      Wooded Land in Gladstone, Missouri

      1.78 acres of wooded land near highways and amenities.
      N Baltimore Ave, Gladstone, MO 64118
      View Details
    • Contact for pricing

      533 Acres Development Land Opportunity

      Prime development land in a desirable, growing Kansas City location.
      7070 NE 74Th St, Kansas City, MO 64118
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      15,994 SF

      Retail Space in Northland Corridor

      15,994 SF retail space in a prime location.
      8330 N Broadway St, Kansas City, MO 64118
      View Details
    • $23 SF/Yr
      19,762 SF

      Kansas City North Office Space

      Office space for lease, ideal for medical or dental use.
      5330 N Oak Trfy, Kansas City, MO 64118
      View Details
    • $12 SF/Yr

      Gladstone Retail/Office Building For Rent

      Retail and office suites available in Gladstone, Missouri.
      104 NE 72Nd St, Gladstone, MO 64118
      View Details
    • $1,250 /Mo
      965 SF

      Basement Office Space For Rent

      Basement office space with private office and break room.
      8320 N Oak Trfy, Kansas City, MO 64118
      View Details
    • Contact for pricing

      Retail Space in North Oak

      Retail space available in North Oak Marketplace.
      NE Vivion Rd, Kansas City, MO 64118
      View Details
    • Contact for pricing

      Medical/Office Space For Lease

      Medical and office space available for lease.
      200 NE 54Th St, Kansas City, MO 64118
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4929 Old Pike Rd
    Kansas City, MO 64118-4328
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    4929 Old Pike Rd, Kansas City, MO, 64118
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!