Ranch Quadplex with
For Sale
$589,000
235 Cedar Circle, Jackson, MO 63755
MULTI_FAMILY - Ranch - Jackson, MO
Property Size4,608 SF
Price / SF$127.82
Days on Market41
Property Features for 235 Cedar Circle
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Property condition
Under Construction
Bedrooms
4
Bathrooms
8
Full bathrooms
8
Rooms
Bathroom 6, Bathroom 7, Bedroom 3, Bathroom 5, Bedroom 2, Basement, Bathroom 2, Bedroom 1, Bathroom 3, Bedroom 4, Bathroom 8, Bathroom 4, Bathroom 1
Parking features
Parking Lot
Patio and Porch features
Patio
Basement
Unfinished
Appliances
Dishwasher, Microwave, Oven, Range, Refrigerator
Elementary school
North Elem.
Middle school
Jackson Russell Hawkins Jr High
High school
Jackson Sr. High
Elementary school district
Jackson R-II
Middle school district
Jackson R-II
High school district
Jackson R-II
Standard status
Active
Size
4,608 SF
Utilities
Heating system
Forced Air
Cooling system
Central Air, Ceiling Fan(s)
Water source
Public
Building Details
Year built
2026
Flooring type
Vinyl
Building materials
Brick, Vinyl Siding
Roof type
Shingle
Architectural style
Ranch
Listing Agency:
Century 21 Ashland Realty · Century 21 Real Estate
(573) 987-0721
Listed By:
Hunter Williams · License #2018027406
(573) 620-1794
Added: Jul 22
Changed: Aug 8
Last Checked: Aug 31 at 5:06PM
MLS# 26045836
Copyright © 2026 Mid America Regional Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 4,608-square-foot ranch-style quadplex is under construction, with completion identified for 2026. The property includes four units, each offering 1,152 square feet, 1.5 bathrooms, a laundry room, vinyl flooring, white cabinetry, stainless steel appliances, and patio space. Appliance packages include a dishwasher, microwave, oven, range, and refrigerator.
Construction incorporates brick and vinyl siding, with shingle roofing, forced-air heating, central air, and ceiling fans. Public water serves the property, and a parking lot provides on-site parking. The address is 235 Cedar Circle in Jackson, Missouri, within ZIP Code 63755.
Construction incorporates brick and vinyl siding, with shingle roofing, forced-air heating, central air, and ceiling fans. Public water serves the property, and a parking lot provides on-site parking. The address is 235 Cedar Circle in Jackson, Missouri, within ZIP Code 63755.
Key Highlights
- 4,608 square feet across four units
- Each unit contains 1,152 square feet and 1.5 bathrooms
- Under construction with a 2026 year built
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$36,856
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.26%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$737,120
$737.1K
Cap Rate 7%
$526,514
$526.5K
Cap Rate 9%
$409,511
$409.5K
Market Conditions
NOI Build-Up for 4,608 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$56.4K $12.24/SF
− Vacancy
−$3.8K −$0.81/SF
EGI
$52.7K $11.43/SF
− OpEx
−$15.8K −$3.43/SF
NOI
$36.9K $8.00/SF
Area
Cape Girardeau County, MO
Vacancy
6.65%
Lease Rate
$12.24 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$737,120
Cap Rate 7%
$526,514
Cap Rate 9%
$409,511
Alternative Uses
Best Use
Multifamily LT 5
$526.5K
$460.7K – $614.3K
NOI $36,856 @ 7.0% cap · market cap 6.26%
Second Best
Apartment 5plus
$484.9K
$424.3K – $565.7K
NOI $33,941 @ 7.0% cap · market cap 5.76%
Theoretical Best
Office A
$1.45M
$1.27M – $1.70M
NOI $101,761 @ 7.0% cap · market cap 17.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
39
Businesses Nearby
Explore this area
Business Placement
Demographics for 63755, MO
27,496
Population
10,867
Households
2.5
Avg Household Size
39
Median Age
35%
College-Educated
95%
High-School Grad
177.1 sq mi
ZIP Area
155
Density / Sq Mi
$82,841
Median Household Income
$41,876
Median Earnings
$977
Median Rent
$233,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four ranch-style units feature modern finishes, private laundry rooms, patios, and dedicated parking areas.
Where is this quadplex located?
The property is located at 235 Cedar Circle Jackson, MO.
What is the asking price?
The asking price for this property is $589,000.
What are key features of this property?
This property features: 4,608 square feet across four units; Each unit contains 1,152 square feet and 1.5 bathrooms; Under construction with a 2026 year built
