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    7613 Pr Vw Rd Platte Woods, MO 64151-1544

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    7613 Pr Vw Rd Platte Woods, MO 64151-1544


    • Retail space
    • 37,568 SF
    • 5.59 lot acres
    Off-Market
    Last Sale Aug 16, 2021
    Property ID
    US48-0730856
    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
    $2,735,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 7613 Pr Vw Rd

    Year built
    1963
    Lot size
    5.59 lot acres
    Property size
    37,568 SF
    Property type
    Retail space
    APN
    19-4.0-18-200-004-007-000
    APU
    194018200004007000

    Description

    This exceptional 42,780-square-foot retail center in Kansas City, Missouri, presents a compelling investment opportunity. Located on NW Prairie View Rd, near I-29 (over 68,000 vehicles daily), this property boasts a prime location with high visibility and a strong demographic profile, featuring a median household income of $87,159. The center comprises two buildings (constructed in 1963 and 1999) and sits on a 5.59-acre lot. Currently 100% occupied, the property features a diverse tenant mix including national anchors like Dollar General, O'Reilly Auto Parts, and Pizza Hut, along with several service-based businesses. These national tenants demonstrate strong commitment, with O'Reilly and Pizza Hut recently extending leases through 2029 and 2030 respectively, and Dollar General having been a tenant since 1995. The current average in-place rent is $7.59 per square foot (NNN), significantly below market rates of $13.00 to $20.00 (NNN), offering substantial upside potential. The property's strong NOI of $324,630 yields an attractive 8.00% cap rate on the $4,060,000 asking price. Given the current high construction costs, this stabilized center represents a below-replacement-cost acquisition. This is a rare opportunity to acquire a high-performing retail asset in a desirable Kansas City location.


    Value Estimations

    based on Realmo’s proprietary methodology
    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,009,000
      Market price range: $3.01M - $7.87M

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


    Location Insight

    • Map
    • Local Demand
    City
    Platte Woods
    County
    Platte
    State
    Missouri
    Longitude
    -94.6574
    Latitude
    39.2334
    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
    $31,876
    $251,520
    $127,680
    $379,200
    -
    $786,000
    $399,000
    $1,185,000
    More about this property
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