2201 Outer RdBates City, MO 64011

Property Details for 2201 Outer Rd

Year built

1970

Lot size

4.00 AC

Property size (Sq ft)

1,875 SF

Property type

Mobile home & RV parks

APN

13-7.0-36-0-000-005.000

APU

1370360000005000

Description

This exceptional investment opportunity presents a unique blend of commercial real estate uses in the thriving Kansas City metro area. Situated on 19.32 acres directly on I-70, across from a Love's Truck Stop, this property boasts high visibility and significant traffic flow. The complex includes a motel with 20 studio units (currently 95% occupancy, $440-$680/month rent), 12 cabin studio units (83% occupancy, $640-$700/month rent), and two condos ($1,000-$1,100/month rent). A mobile home park with 89 pads (21 park-owned, 1 tenant-owned, 6 vacant) generates substantial rental income ($525-$790/month). The RV park offers 23 full-service sites (with 5 more nearing completion), providing additional revenue streams. A 24-hour laundromat, recently upgraded, adds further income potential, averaging $1,500/month. Built in 1975 with ongoing renovations, the property features five single-story buildings totaling 841,579 square feet, with 180 parking spaces. The property is zoned for multifamily use, offering significant potential for future development. The current NOI is $268,359, with a pro-forma NOI of $362,745, resulting in a 9.94% cap rate and a pro-forma cap rate of 13.44%. The asking price is $2,700,000 ($3.21/sq ft, $30,337.08/pad). Seller financing may be possible. The property is not located in a flood zone and offers a compelling return on investment with significant upside potential. The property is located in Bates City, MO, 30 miles east of Kansas City.

• CAP approach

  CAP return

  Valuation

  6%

  $435,816

  6.5%

  $402,292

  7%

  $373,557

• Comparable approach

  Method

  Valuation

  Relative Method

  $207,884

  Geo Method

  $207,884

• Alternative Use

  Use

  Valuation

  Residential

  $402,292

  Hospitality

  $368,497

  Educational

  $306,586

  Medical

  $317,130

  Retail

  $476,911

Location Insight

City

Bates City

County

Lafayette

State

Missouri

Latitude

39.0129

Longitude

-94.071

CBSA code

28140

CBSA name

KANSAS CITY, MO-KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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