Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    616-618 N Hocker Ave Independence, MO 64050

    Sponsored
    For Sale
    $450,000

    MULTI_FAMILY - Independence, MO

    Lot size:
    0.22 Acres
    Days on Market:
    13
    Last Refresh:
    Jan 19 at 4:06 pm

    Property Features for 616-618 N Hocker Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Property condition
    Under Construction
    Standard status
    Active
    Zoning
    Multi
    Rooms
    Bathroom 3, Bathroom 1, Basement, Bathroom 2
    APN
    26-210-12-52-00-0-00-000
    Parking
    2
    Lot size
    0.22 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating)
    Cooling system
    Electric
    Water source
    Public

    Building Details

    Year built
    2025
    Floors in Building
    2
    Number of units
    2
    Building materials
    Board & Batten Siding
    Roof type
    Composition

    We can help!

    Listing Contact
    Adam Massey

    Greater Kansas city Realty (913) 488-6661 [email protected]

    Listing agent Adam Massey (913) 232-9252

    Listing date Jan 7, 2026

    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.

    Learn more

    Property Insight Report

    Overview

    New Duplex Investment Opportunity

    Two new duplexes are available for purchase in Independence, MO. Each duplex features two identical units, each offering 4 bedrooms and 3 full bathrooms, quartz countertops, and modern design elements. Each unit boasts an open-concept main living area, generous bedroom sizes, and modern finishes throughout. The layout includes ample storage, multiple full baths, and flexible living space. Separate entrances provide privacy. The property is located just off Highway 24, a couple of blocks from William Chrisman High School, and conveniently located behind Noland Road, offering quick access to highways, dining, schools, and within walking distance of Independence Square. The central Independence location enhances long-term rental demand and accessibility. The property, situated on a 0.22-acre lot, is suited for long-term tenants or assisted housing. It is a turnkey investment or a house-hack opportunity. The intended use of the property is for residential income. Section 8 is paying $1900-$2200 monthly for 4 bed 3 bath units in Independence. The property has never been occupied.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Independence
    County
    Jackson
    State
    Missouri
    Longitude
    -94.409321
    Latitude
    39.096937

    Nearby Similar for Sale

    • $365,000
      0.28 Acres

      Independence Commercial Building For Sale

      3,456 SF commercial building on high-traffic corner lot.
      13717 E 39Th St, Independence, MO 64055
      View Details
    • $189,900
      Pending

      Updated Duplex: Investment Opportunity

      Updated duplex with rental income potential in Independence, Missouri.
      1528 S Cedar Ave, Independence, MO 64052
      View Details
    • $1,300,000
      0.30 Acres

      Downtown Independence Commercial Building For Sale

      Well-maintained commercial building in Downtown Independence, suitable for various uses.
      120 S Liberty St, Independence, MO 64050
      View Details
    • $300,000
      1,605 SF

      Well-Maintained Ranch Home Duplex

      Updated duplex near shopping and hospital in Independence, Missouri.
      3609 S Bolger Ct, Independence, MO 64055
      View Details
    • $335,000
      0.31 Acres

      Independence MO Triplex Investment

      Well-maintained triplex in Independence, MO, generating $3,500 monthly rental income.
      1316 N Main St, Independence, MO 64050
      View Details
    • $475,000
      0.37 Acres

      Independence Commercial Property with Mechanic's Shop

      Commercial property featuring a mechanic's shop, office, and service garage.
      10058 E Wilson Rd, Independence, MO 64053
      View Details
    • $250,000
      0.20 Acres

      Remodeled Commercial Space on High-Traffic

      Affordable, remodeled commercial space with high visibility and business potential.
      307 E 23Rd St, Independence, MO 64055
      View Details
    • $830,000
      0.30 Acres

      Turnkey Independence Fourplex Investment Opportunity

      Modern fourplex in Independence, MO, ideal for owner-occupants.
      2904 S Harvard Ave, Independence, MO 64052
      View Details
    • $235,000
      0.21 Acres

      Independence, MO Triplex Investment

      Triplex in Independence, MO, ideal for investors or owner-occupiers.
      1206 W Maple Ave, Independence, MO 64050
      View Details
    • $244,500
      Pending

      Independence MO All-Brick Triplex

      All-brick triplex with one-car garages and in-unit laundry.
      2918 N River Blvd, Independence, MO 64050
      View Details
    • $539,000
      0.24 Acres

      Spacious 4-Plex with Garages

      Comfortable 2-bedroom units in a strong rental area.
      18901-07 E Lexington Rd, Independence, MO 64058
      View Details
    • $119,000
      0.13 Acres

      Reformed Office Space in Independence

      Charming office space in a reformed residential home.
      911 E 23Rd St, Independence, MO 64055
      View Details

    FAQs

    What type of property is this?
    Duplex - New construction duplex with modern design in central Independence, Missouri.
    Where is this duplex located?
    The property is located at 616-618 N Hocker Ave Independence, MO.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: - Brand new construction duplexes (two properties available) offering a turnkey investment opportunity.; - Each unit features 4 bedrooms and 3 full bathrooms with modern finishes and **quartz countertops**.; - Prime central Independence location near Highway 24, Noland Road, William Chrisman High School, and Independence Square.
    (913) 232-9252
    Request Owner's contact information
    616-618 N Hocker Ave Independence, MO 64050
    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.
    616-618 N Hocker Ave
    Independence, MO 64050
    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
    616-618 N Hocker Ave Independence, MO 64050
    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

    We can help!
    Listing Contact
    Adam Massey
    Real Estate License ID: SP00235737
    (913) 232-9252
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.