Duplex with Natural
For Sale
$133,000
1010 S 18th Street, St Joseph, MO 64507
Two residential units feature natural gas service, a refrigerator, and an electric range.
Property Size1,299 SF
Days on Market13
Property Features for 1010 S 18th Street
General Information
Standard status
Active
Size
1,299 SF
Property subtype
Residential Income
Zoning
M2
Taxes and HOA fees
Annual Taxes
$247
Amenities
Natural Gas
Refrigerator, Electric Range
On Street
Building Details
Building Size
1,299 SF
Year Built
1912
Stories
2
Listing Agency:
Evans Realty LLC
(816) 233-1119
Listed By:
Evans Real Estate Team
(816) 233-1119
Source:
Evrealestate
Added: Jul 31
Changed: Aug 8
Last Checked: Aug 12 at 6:05AM
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 Evans Realty LLC
Investment Insights
Based on property information with market context.
This duplex property in St. Joseph, Missouri, was built in 1912 and is configured for two residential units. Interior features include natural gas service, a refrigerator, and an electric range. The property is zoned M2 and includes on-street parking. Located at 1010 S 18th Street in Buchanan County, the property offers an established residential configuration within the city.
Key Highlights
- Duplex property built in 1912
- M2 zoning
- Natural gas service
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
$8,808
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
6.62%
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%
$176,160
$176.2K
Cap Rate 7%
$125,829
$125.8K
Cap Rate 9%
$97,867
$97.9K
Market Conditions
NOI Build-Up for 1,299 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
$13.2K $10.20/SF
− Vacancy
−$666 −$0.51/SF
EGI
$12.6K $9.69/SF
− OpEx
−$3.8K −$2.91/SF
NOI
$8.8K $6.78/SF
Area
Buchanan County, MO
Vacancy
5.03%
Lease Rate
$10.20 /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%
$176,160
Cap Rate 7%
$125,829
Cap Rate 9%
$97,867
Alternative Uses
Best Use
Multifamily LT 5
$125.8K
$110.1K – $146.8K
NOI $8,808 @ 7.0% cap · market cap 6.62%
Second Best
Apartment 5plus
$112.5K
$98.4K – $131.3K
NOI $7,875 @ 7.0% cap · market cap 5.92%
Theoretical Best
Office A
$391.9K
$342.9K – $457.3K
NOI $27,435 @ 7.0% cap · market cap 20.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
523
Businesses Nearby
Explore this area
Business Placement
Demographics for 64507, MO
14,133
Population
6,017
Households
2.3
Avg Household Size
34
Median Age
23%
College-Educated
91%
High-School Grad
55.8 sq mi
ZIP Area
253
Density / Sq Mi
$63,014
Median Household Income
$35,058
Median Earnings
$890
Median Rent
$134,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units feature natural gas service, a refrigerator, and an electric range.
Where is this duplex located?
The property is located at 1010 S 18th Street St Joseph, MO.
What is the asking price?
The asking price for this property is $133,000.
What are key features of this property?
This property features: Duplex property built in 1912; M2 zoning; Natural gas service
