All-Brick Duplex With
For Sale
Contact for pricing
1001 SW 12 St, Blue Springs, MO 64015
Two three-bedroom units offer single-level living, while a finished basement adds functional space and natural light.
Property Size2,028 SF
Price / SF$180.97
Days on Market166
Property Features for 1001 SW 12 St
General Information
Standard status
Active
Size
2,028 SF
Class
B
Property subtype
Multifamily
Zoning
R
Occupancy
50%
Property Condition
Severity
Repairs Needed
Evidence
cosmetic upgrade potential
Units
Unit Mix
2 x 3BR/1.5BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Building Details
Year Built
1973
Buildings
1
Stories
1
Units
2
Construction
all-brick
Listing Agency:
Lutz Sales + Investments
(913) 426-5576
Listed By:
Michelle Lutz · License #2018036086
Source:
Crexi
Added: Mar 18
Changed: Aug 30
Last Checked: Aug 30 at 8:41AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lutz Sales + Investments
Investment Insights
Based on property information with market context.
This duplex contains two 3 Bed/1.5 Bath residences within an all-brick building constructed in 1973. Both units provide single-level living, and the property includes a finished basement with high ceilings and strong natural light. The layout supports separate household use while retaining flexibility for an owner-occupant or rental strategy.
Recent capital improvements include replacement windows installed in 2024 and a roof replaced in 2021. HVAC and plumbing have been updated during approximately the past 10 years. One residence is occupied and the other is vacant and ready for occupancy. The property is zoned R and measures 2,028 SF.
The address is near Blue Springs School District schools, St. Mary's Medical Center, I-70 and I-470, Lake Jacomo, Fleming Park, Burr Oak Woods Conservation Area, and Raytown Plaza shopping.
Recent capital improvements include replacement windows installed in 2024 and a roof replaced in 2021. HVAC and plumbing have been updated during approximately the past 10 years. One residence is occupied and the other is vacant and ready for occupancy. The property is zoned R and measures 2,028 SF.
The address is near Blue Springs School District schools, St. Mary's Medical Center, I-70 and I-470, Lake Jacomo, Fleming Park, Burr Oak Woods Conservation Area, and Raytown Plaza shopping.
Key Highlights
- Two 3 Bed/1.5 Bath units in an all‑brick duplex
- 2,028 SF property built in 1973
- Finished basement with high ceilings and natural light
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
$20,253
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
5.52%
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%
$405,060
$405.1K
Cap Rate 7%
$289,329
$289.3K
Cap Rate 9%
$225,033
$225.0K
Market Conditions
NOI Build-Up for 2,028 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
$31.2K $15.36/SF
− Vacancy
−$2.2K −$1.09/SF
EGI
$28.9K $14.27/SF
− OpEx
−$8.7K −$4.28/SF
NOI
$20.3K $9.99/SF
Area
Jackson County, MO
Vacancy
7.12%
Lease Rate
$15.36 /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%
$405,060
Cap Rate 7%
$289,329
Cap Rate 9%
$225,033
Alternative Uses
Best Use
Multifamily LT 5
$289.3K
$253.2K – $337.6K
NOI $20,253 @ 7.0% cap · market cap 5.52%
Second Best
Apartment 5plus
$267.1K
$233.7K – $311.6K
NOI $18,695 @ 7.0% cap · market cap 5.09%
Theoretical Best
Warehouse
$533.4K
$466.7K – $622.3K
NOI $37,336 @ 7.0% cap · market cap 10.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,024
Businesses Nearby
Explore this area
Business Placement
Demographics for 64015, MO
33,063
Population
13,147
Households
2.5
Avg Household Size
39
Median Age
34%
College-Educated
96%
High-School Grad
19.6 sq mi
ZIP Area
1,687
Density / Sq Mi
$81,242
Median Household Income
$51,065
Median Earnings
$1,148
Median Rent
$249,500
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 - Two three-bedroom units offer single-level living, while a finished basement adds functional space and natural light.
Where is this duplex located?
The property is located at 1001 SW 12 St Blue Springs, MO.
What is the asking price?
The asking price for this property is $367,000.
What are key features of this property?
This property features: Two 3 Bed/1.5 Bath units in an all‑brick duplex; 2,028 SF property built in 1973; Finished basement with high ceilings and natural light
