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    New Duplex in Adrian, MO Title is generated by Realmo AI

    32 E 7th Street, Adrian, MO 64720

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    Claim this Listing
    For Sale
    $219,900

    DUPLEX - Adrian, MO

    Type:Townhouse
    Property size:
    1,255 SF
    Lot size:
    0.23 Acres
    Price / SF:
    $175/SF
    Added:
    Feb 9, 2026
    Days on Market:
    102
    Last Refresh:
    May 22 at 10:06 am

    Property Features for 32 E 7th Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Townhouse
    Bedrooms
    3
    Bathrooms
    2
    Rooms
    Bedroom 2, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 1
    Standard status
    Active
    APN
    999999
    Size
    1,255 SF
    Lot size
    0.23 Acres

    Taxes and HOA fees

    Tax Description
    The South 100 feet of Lot 255, ORIGINAL TOWN OF ADRIAN, Bates County, Missouri, according to the recorded plat thereof.

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Heat Pump (Heating)
    Cooling system
    Electric
    Water source
    Public

    Building Details

    Building materials
    Vinyl Siding
    Roof type
    Composition

    We can help!

    Listing Contact
    Caitlyn Lacy

    Listing agent Caitlyn Lacy License #1910917

    Listing office Keller Williams Southland 1006 West Foxwood Drive, Raymore, MO

    Listing date Feb 9, 2026

    MLS# 2601146 Listing URL

    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.

    HighLights

    • New 3‑bedroom, 2‑bath half duplex on one level.
    • Kitchen with granite countertops.
    • Primary suite with large walk‑in closet and spacious bathroom.
    • Bathroom features a double vanity with cabinet storage and an Onyx shower.
    • Mudroom area off the garage entrance.
    • Heat Pump (Heating) and Electric (Cooling).

    Overview

    This new half duplex features 3 bedrooms and 2 bathrooms, offering comfort and functionality on one level. The kitchen includes granite countertops. A mudroom area is located off the garage entrance. The primary suite features a large walk-in closet and a spacious bathroom with a double vanity and an Onyx shower. The property is located in Adrian, MO 64720, Bates County, and has a lot size of 0.2296 acres. The property size is 1255 square feet. The home has not been started yet.

    Financial Insights

    Value Estimation Calculated for Apartment 5plus

    Conservative
    $146.3K
    NOI $13,166 @ 9.00% cap · cautious / downside scenario
    Moderate
    $188.1K
    NOI $13,166 @ 7.00% cap · market / base-case scenario
    Aggressive
    $263.3K
    NOI $13,166 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    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.
         Calculated for Apartment 5plus

    Component $ $/SF
    Gross rent $25.6k $20.40
    − Vacancy −$1.7k −$1.33
    EGI $23.9k $19.07
    − OpEx −$10.8k −$8.58
    NOI $13.2k $10.49
    1,255 SF · lease $20.40/SF/yr · vacancy 6.50% · expense 45.00%

    Alternative Use Scenarios

    Best Use
    Apartment 5plus
    $188.1K
    $164.6K – $219.4K (±1% cap)
    NOI $13,166 @ 7.0% cap · market cap 5.99%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Retail
    $277.3K
    $242.6K – $323.5K (±1% cap)
    NOI $19,411 @ 7.0% cap · market cap 8.83%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Gym & Fitness Center Pharmacy Kitchen & Bath Showroom Daycare Center Big Box & Wholesale Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Adrian
    County
    Bates
    State
    Missouri
    Longitude
    -94.352504
    Latitude
    38.400517

    Nearby Similar for Sale

    • $439,800

      New Duplex in Adrian, MO

      New 3-bedroom, 2-bath duplex with modern finishes.
      30-32 E 7th Street, Adrian, MO 64720
      View Details
    • $219,900
      1,255 SF

      New Adrian Duplex Home

      New 3-bedroom, 2-bath duplex with modern finishes and ample storage.
      30 E 7th Street, Adrian, MO 64720
      View Details

    FAQs

    What type of property is this?
    Single family property - New 3-bedroom, 2-bath duplex with modern finishes.
    Where is this single family property located?
    The property is located at 32 E 7th Street Adrian, MO.
    What is the asking price?
    The asking price for this property is $219,900.
    What are key features of this property?
    This property features: New 3‑bedroom, 2‑bath half duplex on one level.; Kitchen with granite countertops.; Primary suite with large walk‑in closet and spacious bathroom.
    (660) 351-4306
    We can help!
    Listing Contact
    Caitlyn Lacy
    Real Estate License ID: 1910917
    Learn More
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    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
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