502 Markey RdBelton, MO 64012

Property Details for 502 Markey Rd

Year built

1960

Lot size

1.20 AC

Property size (Sq ft)

2,356 SF

Property type

Office buildings

APN

05-01-11-200-004-001.002

APU

50111200004001002

Description

This exceptional 1.17-acre commercial property at 502 W Markey Road, Belton, MO, presents a unique investment opportunity. Situated on a busy corner lot and zoned C-2 General Commercial, this building is ideally suited for a variety of uses, including daycare centers, professional offices, or medical practices. Previously a government building, its construction mirrors that of a school, providing a robust and durable structure. The interior has undergone a complete transformation, featuring seven generously sized offices, two restrooms, and a modern kitchen equipped with brand-new appliances. Ample storage space is also available. Significant upgrades have been completed throughout, including a new electrical service with an upgraded breaker panel, brand new plumbing, a state-of-the-art heating and cooling system with a new water heater, and attractive new lifetime LVP flooring. The property also boasts a new drop ceiling, fresh paint throughout, custom kitchen cabinets and countertops, and modern finishes. Exterior improvements include a freshly sealed roof, new gutters, and fresh exterior paint. This turnkey property offers immediate occupancy and is ready for its next chapter. Its prime location ensures high visibility and accessibility, making it an attractive proposition for any business seeking a well-maintained and updated space. The asking price is $749,000. Don't miss this chance to acquire a highly desirable commercial property in a thriving Belton location.

• CAP approach

  CAP return

  Valuation

  6%

  $461,685

  6.5%

  $426,170

  7%

  $395,730

• Comparable approach

  Method

  Valuation

  Relative Method

  $168,525

  Geo Method

  $168,525

• Alternative Use

  Use

  Valuation

  Residential

  $528,451

  Hospitality

  $484,059

  Educational

  $402,731

  Medical

  $416,582

  Retail

  $626,471

Location Insight

City

Belton

County

Cass

State

Missouri

Latitude

38.8295

Longitude

-94.545

CBSA code

28140

CBSA name

KANSAS CITY, MO-KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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