Updated Duplex with
For Sale
$170,000
Pending
416 Sagebrush Lane, Belton, MO 64012
Residential, Traditional, Belton, MO
Property Size1,186 SF
Lot Size0.16 Acres
Days on Market47
Property Features for 416 Sagebrush Lane
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1, Bedroom 3, Bedroom 1, Basement, Dining Room, Bedroom 2
Parking features
Carport
Exterior features
Fixer Up
Basement
Concrete
Subdivision
Cimarron Trails
Elementary school district
Belton
Middle school district
Belton
High school district
Belton
Directions
58 Hwy West To Westover, North To Sagebrush, East To Property on right
Standard status
Pending
APN
1401896
Size
1,186 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Description
Lot 16, Blk 13
Tax Annual Amount
1388
Legal Description
Lot 16, Blk 13
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Attic Fan, Electric
Water source
Public
Building Details
Year built
1960
Building materials
Board & Batten Siding
Roof type
Composition
Architectural style
Other
Listing Agency:
Keller Williams Southland · Keller Williams Realty
(816) 331-2323
Listed By:
Scott Swaggart · License #2015011033
(816) 885-0207
Added: Jul 24
Changed: Sep 2
Last Checked: Sep 8 at 3:06PM
MLS# 2633265
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.
Investment Insights
Based on property information with market context.
This 1,186-square-foot duplex was built in 1960 and includes a ranch-style layout with three bedrooms, a dining room, bathroom, and unfinished basement. Interior improvements include a remodeled kitchen with new cabinetry, countertops, and storage, along with refreshed bathrooms, refinished hardwood flooring, and updated interior and exterior paint. Forced-air heat, electric cooling, an attic fan, composition roofing, and board-and-batten siding are also in place.
The property occupies 0.162 acres and includes a carport and backyard area. Public water and public sewer serve the property. Its Belton setting places it a few blocks from Eagles Landing Golf Course, a recreation complex, and walking trails, with highway access as well as nearby shopping and dining.
The property occupies 0.162 acres and includes a carport and backyard area. Public water and public sewer serve the property. Its Belton setting places it a few blocks from Eagles Landing Golf Course, a recreation complex, and walking trails, with highway access as well as nearby shopping and dining.
Key Highlights
- 1,186 SF duplex on a 0.162‑acre lot
- Renovated kitchen with new cabinetry, countertops, and added storage
- Refinished hardwood flooring and updated interior and exterior paint
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
$10,194
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
6.00%
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%
$203,880
$203.9K
Cap Rate 7%
$145,629
$145.6K
Cap Rate 9%
$113,267
$113.3K
Market Conditions
NOI Build-Up for 1,186 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
$14.8K $12.48/SF
− Vacancy
−$238 −$0.20/SF
EGI
$14.6K $12.28/SF
− OpEx
−$4.4K −$3.68/SF
NOI
$10.2K $8.60/SF
Area
Cass County, MO
Vacancy
1.61%
Lease Rate
$12.48 /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%
$203,880
Cap Rate 7%
$145,629
Cap Rate 9%
$113,267
Alternative Uses
Best Use
Multifamily LT 5
$145.6K
$127.4K – $169.9K
NOI $10,194 @ 7.0% cap · market cap 6.00%
Second Best
Apartment 5plus
$129.7K
$113.5K – $151.3K
NOI $9,080 @ 7.0% cap · market cap 5.34%
Theoretical Best
Office A
$267.4K
$234.0K – $312.0K
NOI $18,718 @ 7.0% cap · market cap 11.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
279
Businesses Nearby
Explore this area
Business Placement
Demographics for 64012, MO
28,364
Population
12,722
Households
2.2
Avg Household Size
39
Median Age
27%
College-Educated
93%
High-School Grad
47.2 sq mi
ZIP Area
601
Density / Sq Mi
$71,782
Median Household Income
$43,122
Median Earnings
$1,232
Median Rent
$200,900
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?
Duplex - Renovated interiors, a private backyard, and flexible lower-level space support comfortable residential use.
Where is this duplex located?
The property is located at 416 Sagebrush Lane Belton, MO.
What is the asking price?
The asking price for this property is $170,000.
What are key features of this property?
This property features: 1,186 SF duplex on a 0.162‑acre lot; Renovated kitchen with new cabinetry, countertops, and added storage; Refinished hardwood flooring and updated interior and exterior paint
