Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    106 SARATOGA Avenue Excelsior Springs, MO 64024

    View on Map
    For Sale
    $1,150,000

    MULTI_FAMILY - Excelsior Springs, MO

    Lot size:
    1.53 Acres
    Added:
    Mar 17, 2026
    Days on Market:
    16
    Last Refresh:
    Apr 1 at 2:06 pm

    Property Features for 106 SARATOGA Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    Multi
    Rooms
    Basement
    Parking features
    Off Street
    Appliances
    Dishwasher, Refrigerator, Electric Range
    Standard status
    Active
    APN
    999999
    Lot size
    1.53 Acres

    Taxes and HOA fees

    TaxDescription
    (See Legal Addendum In Supplements)
    TaxAnnualAmount
    6817

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Electric (Heating)
    Cooling system
    Electric, Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1900
    Floors in Building
    3
    Number of units
    9
    Building materials
    Frame
    Roof type
    Composition, Metal, Tar/Gravel

    We can help!

    Listing Contact
    SimmonsSales Team

    Listing agent SimmonsSales Team

    Listing office RE/MAX Area Real Estate 1350 N Jesse James Rd, Excelsior Springs, MO

    Listing date Mar 17, 2026

    MLS# 2607450

    Copyright © 2026 Heartland Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Residential Investment Portfolio Package Sale

    This residential investment portfolio features seven properties with a total of nine rental units, situated in Excelsior Springs and Clay County, Missouri. The portfolio consists of six single-family rental homes and one triplex, offered as a single package sale. The properties include addresses on N Emerson St (Kansas City), Salem Rd, Valley St, and St Louis Ave, along with the triplex on Saratoga Ave in Excelsior Springs. Currently, eight units are occupied, with one vacancy in the triplex actively being marketed for rent. The portfolio generates a scheduled annual rental income based on current leases. Annual operating expenses, including property taxes and insurance, result in an estimated current net operating income. The properties are owner-managed. The triplex on Saratoga Ave participates in the Excelsior Springs Chapter 353 Tax Abatement District. This offering presents an opportunity to acquire nine residential rental units through a coordinated acquisition. The lot size is 1.53 acres. The zoning is multi-family.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Map

    City
    Excelsior Springs
    County
    Clay
    State
    Missouri
    Longitude
    -94.2206
    Latitude
    39.3039

    Nearby Similar for Sale

    • $435,000

      Downtown Excelsior Springs Commercial Building

      Solid commercial building with parking in downtown Excelsior Springs, Missouri.
      118 Spring Street, Excelsior Springs, MO 64024
      View Details
    • $465,000

      Historic Downtown Excelsior Springs Investment

      Multi-unit commercial property in thriving downtown Excelsior Springs.
      453-463 S Thompson Avenue, Excelsior Springs, MO 64024
      View Details
    • $309,000

      Renovated Triplex in Excelsior Springs

      Income-producing triplex with renovated units and parking.
      435 Benton Avenue, Excelsior Springs, MO 64024
      View Details
    • $175,000

      Solid Brick Building on Broadway

      Versatile commercial building in downtown Excelsior Springs, Missouri.
      321 W Broadway Avenue, Excelsior Springs, MO 64024
      View Details
    • $550,000

      Medical Building in Excelsior Springs

      Medical building with finished basement on 1.59 acres.
      1006 N Jesse James Road, Excelsior Springs, MO 64024
      View Details
    • $221,400

      Historic Landmark in Downtown Excelsior

      Two-story commercial building with tenant in revitalized historic district.
      117 W Broadway Avenue, Excelsior Springs, MO 64024
      View Details
    • $565,000

      Mixed-Use Building in Downtown Excelsior

      100% occupied mixed-use building with commercial and residential units.
      101 W Broadway Avenue, Excelsior Springs, MO 64024
      View Details
    • $249,900

      Historical Excelsior Springs Building For Sale

      Three-story brick building in Excelsior Springs historical district.
      215 South Street, Excelsior Springs, MO 64024
      View Details
    • $565,000

      Historic Downtown Mixed-Use Building

      Mixed-use building with commercial storefronts and luxury loft apartments.
      101 W Broadway St, EXCELSIOR SPRINGS, MO, 64024-2209
      View Details
    • $950,000

      Versatile Commercial Property Near Highway

      Multiple buildings on 1.43 acres with highway access.
      1900 W US 69 Highway, Excelsior Springs, MO 64024
      View Details
    • $950,000
      2,700 SF

      Highway Frontage Multi-Building Commercial Property

      Multi-building commercial property with highway frontage and easy access.
      1900 W Us Highway 69, Excelsior Springs, MO, 64024-1691
      View Details

    FAQs

    What type of property is this?
    Multifamily property - 7-property residential portfolio with 9 units in Excelsior Springs.
    Where is this multifamily property located?
    The property is located at 106 SARATOGA Avenue Excelsior Springs, MO.
    What is the asking price?
    The asking price for this property is $1,150,000.
    What are key features of this property?
    This property features: Investment portfolio featuring 9 residential rental units: 6 single‑family homes and 1 triplex.; Generates $102,900 in scheduled annual rental income, with a net operating income of approximately $88,386.00.; Offered as a single package sale for $1,150,000, simplifying acquisition.
    (816) 630-4000
    We can help!
    Listing Contact
    SimmonsSales Team
    Learn More
    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.
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!