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    5575 NW Heritage Hill Rd Parkville, MO 64152
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    5575 NW Heritage Hill Rd Parkville, MO 64152

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    • Residential land & home lots
    For Sale
    $103,000
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    Residential Lot in Walnut Creek For Sale
    $103,000
    0.22 Acres

    Residential Lot in Walnut Creek

    Residential lot in Parkville with utilities and community amenities.

    5575 NW Heritage Hill Road, Parkville, MO 64152
    View Listing
    Property ID
    US48-0962516
    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

    • Residential land & home lots

    Property Details for 5575 NW Heritage Hill Rd

    Property type
    Residential land & home lots

    Description

    Welcome to your future homesite! This spacious lot offers the ideal canvas for building your dream home, complete with picturesque views and a vibrant, established neighborhood ambiance. With the option to purchase the adjoining lot, you have the unique opportunity to create an expansive double lot—perfect for added privacy, a larger outdoor area, or enhanced building possibilities. Nestled in a sought-after area with quick access to highway access, local shopping, dining, and Park Hill Schools! Seize this rare opportunity to secure a premium lot, or double the space with two lots side-by-side. Build the home you've always envisioned and enjoy the benefits of a well-established community with amenities including a spacious clubhouse, large pool, multi-use tennis courts, playgrounds, fishing ponds, ball fields, shelter houses, sand volleyball court, and trails all while being minutes from West of historic downtown Parkville, downtown KC, The National Golf Course, KC International Airport and More!

    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
    Parkville
    County
    Platte
    State
    Missouri
    Longitude
    -94.712556
    Latitude
    39.197978

    Comparable in this City

    • $510,000
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      Acreage in Park Hill District

      17.9 acres in Platte County, Park Hill School District.
      6405 NW Daggett Rd, Kansas City, MO 64152
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    • $695,000
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      Waterfront Lot at National Golf

      Waterfront lot with golf course views in exclusive community.
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      Residential Land in Parkville, Missouri

      Building site with views overlooking Fairway #1 and Clubhouse.
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    • $35,000
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      Residential Land in Parkville, MO

      Large corner lot in Walnut Creek Acres Subdivision.
      58Th Ter, Parkville, MO 64152
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    • $120,000
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      Residential Land with Golf Course Views

      Residential land in The National, Parkville, with golf course views.
      6532 Claret St, Parkville, MO 64152
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    • $500,000
      Pending

      Lakefront Land in Gated Community

      Approximately 2 acres with 500 feet of lake frontage.
      6004 West Shr Ct, Parkville, MO 64152
      View Details

    Similar Nearby for Sale

    • $510,000
      Pending

      Acreage in Park Hill District

      17.9 acres in Platte County, Park Hill School District.
      6405 NW Daggett Rd, Kansas City, MO 64152
      View Details
    • $695,000
      0.28 Acres

      Waterfront Lot at National Golf

      Waterfront lot with golf course views in exclusive community.
      7017 Waters Edge Dr, Parkville, MO 64152
      View Details
    • $120,000
      0.77 Acres

      Residential Land in Parkville, Missouri

      Building site with views overlooking Fairway #1 and Clubhouse.
      Ridge Rd, Parkville, MO 64152
      View Details
    • $35,000
      0.60 Acres

      Residential Land in Parkville, MO

      Large corner lot in Walnut Creek Acres Subdivision.
      58Th Ter, Parkville, MO 64152
      View Details
    • $120,000
      0.38 Acres

      Residential Land with Golf Course Views

      Residential land in The National, Parkville, with golf course views.
      6532 Claret St, Parkville, MO 64152
      View Details
    • $500,000
      Pending

      Lakefront Land in Gated Community

      Approximately 2 acres with 500 feet of lake frontage.
      6004 West Shr Ct, Parkville, MO 64152
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,670 SF

      Retail Space in Kansas City

      Retail space available for lease in Kansas City, Missouri.
      1901 Main St, Kansas City, MO 64152
      View Details
    • $18 SF/Yr

      Professional Office Space Near YMCA

      Office space with excellent visibility near Platte County YMCA.
      6112 N Mo 9 Hwy, Parkville, MO 64152
      View Details
    • Contact for pricing
      2,491 SF

      First-Floor Office Space Available

      2,491 SF office space with excellent visibility and signage.
      3215 Main St, Kansas City, MO 64152
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    • Contact for pricing
      1,232 SF

      Loft-Style Office Space Available

      Office space featuring exposed timbers, brick, and large windows.
      600 6Th St, Kansas City, MO 64152
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    • Contact for pricing
      5,500 SF

      West Bottoms Loft Office Space

      Loft office space available in the West Bottoms.
      1400-1406 W 13Th St, Kansas City, MO 64152
      View Details
    • $12 SF/Yr

      Retail Space in Growing Area

      Suites available in high-traffic area with excellent tenant mix.
      64th N Cosby Ave, Kansas City, MO 64152
      View Details
    View Listing
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    Parkville, MO 64152
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    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.

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    5575 NW Heritage Hill Rd, Parkville, MO, 64152
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