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    6822 Chapel Dr Village of Loch Lloyd, MO 64012

    Sponsored
    For Sale
    Pending
    $9,495,000

    MULTI_FAMILY - Belton, MO

    Type:Apartment
    Lot size:
    7.20 Acres
    Days on Market:
    54
    Last Refresh:
    Feb 22 at 8:06 am

    Property Features for 6822 Chapel Dr

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Apartment
    Standard status
    Pending
    Zoning
    R
    Rooms
    Bathroom 6, Bathroom 1, Basement, Bathroom 3, Bathroom 5, Bathroom 7, Bathroom 2, Bathroom 4, Bathroom 8
    APN
    1300526
    Parking
    242
    Parking features
    Off Street
    Lot size
    7.20 Acres

    Utilities

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

    Building Details

    Year built
    1986
    Floors in Building
    2
    Number of units
    104
    Building materials
    Brick Veneer, Frame, Vinyl Siding

    We can help!

    Listing Contact
    Brice Bradshaw

    Compass (816) 280-2773

    Listing agent Brice Bradshaw (816) 280-2773

    Listing date Dec 31, 2025

    MLS# 2539548 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.

    Learn more

    Property Insight Report

    Overview

    Belton Multifamily Investment Opportunity

    Located in Belton, Missouri, the Georgetown Apartments and Townhomes encompass 9 buildings across over 7 acres. This 104-unit apartment complex offers a variety of floorplans, including studios, 1-bedroom, 2-bedroom, 3-bedroom, and 4-bedroom units. The community clubhouse, spanning over 4,000 square feet, features a pool, designated offices, a community kitchen with a fireplace, and public bathrooms. Constructed in phases in 1973, 1986, and 1987, the property provides approximately 242 off-street parking spaces, community picnic and grill areas, and ample green space. Of the 104 units, 24 are townhome units with 2-bedroom to 4-bedroom layouts, all featuring two-story floorplans, fully equipped kitchens, central air and heat, individual hot water heaters, washer and dryer hookups, and basements. The 80 apartment units, ranging from studios to 2-bedroom units, offer ample closet spaces, PTAC units for cooling and heating, carpet, vinyl, or laminate flooring, vaulted ceilings and skylights in the second-floor units, and balconies or patios. Water reimbursement fees have been implemented to recoup landlord-paid water bills, ranging from $65 to $75 per month, varying by unit. The apartment buildings are each serviced with coin-operated laundry care centers located in the basements. The buildings are separately metered for gas and electric and have common water and hot water. The property has a history of high occupancy and excellent on-site management and maintenance. It is located in an area poised for continued growth due to ongoing developments and job centers, such as the Southview Commerce Center.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Daycare Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Village of Loch Lloyd
    County
    Cass
    State
    Missouri
    Longitude
    -94.517181
    Latitude
    38.829265

    FAQs

    What type of property is this?
    Apartment building - 104-unit apartment complex with diverse floorplans and amenities.
    Where is this apartment building located?
    The property is located at 6822 Chapel Dr Village of Loch Lloyd, MO.
    What is the asking price?
    The asking price for this property is $9,495,000.
    What are key features of this property?
    This property features: - High occupancy rate (over 98% for the last 2 years) indicates strong tenant demand and income potential.; - Diverse unit mix (studios to 4-bedroom units, including townhomes) attracts a wide range of tenants.; - Spacious community clubhouse (over 4,000 SF) with a pool, kitchen, fireplace, and offices provides attractive amenities.
    (913) 219-7074
    Request Owner's contact information
    6822 Chapel Dr Village of Loch Lloyd, MO 64012
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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
    6822 Chapel Dr Village of Loch Lloyd, MO 64012
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    We can help!
    Listing Contact
    Brice Bradshaw
    Real Estate License ID: SP00219113
    (913) 219-7074 (816) 280-2773
    Learn more
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