Ranch Duplex with
For Sale
$214,900
1019 Christie Lane, Grain Valley, MO 64029
DUPLEX - Other - Grain Valley, MO
Property Size1,021 SF
Lot Size0.12 Acres
Price / SF$210.48
Days on Market54
Property Features for 1019 Christie Lane
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 3, Bathroom 1, Dining Room, Bathroom 2, Bedroom 2
Parking features
Open
Patio and Porch features
Patio
Interior features
Ceiling Fan(s), Smart Thermostat, Stained Cabinets, Walk-In Closet(s)
Appliances
Dishwasher, Disposal, Microwave, Refrigerator, Electric Range
Subdivision
Christie Meadows
Lot features
City Lot
Elementary school
Sni-A-Bar
Middle school
Grain Valley South
High school
Grain Valley
Elementary school district
Grain Valley
Middle school district
Grain Valley
High school district
Grain Valley
Directions
Take AA highway to Sni-A-Bar Boulevard, south to Christie Lane, left to property address.
Standard status
Active
APN
40-320-33-10-00-0-00-000
Size
1,021 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Description
CHRISTIE MEADOWS 5TH PLAT----W 1/2 OF LOT 86
Tax Annual Amount
1699
Legal Description
CHRISTIE MEADOWS 5TH PLAT----W 1/2 OF LOT 86
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating), Electric (Heating)
Cooling system
Electric, Heat Pump
Water source
Public
Amenities
patio
Building Details
Year built
2001
Flooring type
Tile, Carpet
Building materials
Brick Trim, Vinyl Siding
Roof type
Composition
Architectural style
Other
Listing Agency:
Weichert, Realtors Welch & Co.
(913) 647-5700
Listed By:
Sally Moore · License #2005041423
(816) 308-6806
Added: Jun 19
Changed: Aug 1
Last Checked: Aug 11 at 6:06AM
MLS# 2626951
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.
Ranch duplex at 1019 Christie Lane offering easy one-level living and an open-concept layout. The home includes a spacious living room flowing into the dining area and kitchen, plus ceiling fans and smart thermostat. Interior features include stained cabinets and walk-in closets, with flooring of tile and carpet. The duplex has an updated package with a new roof, new carpet, fresh paint, and recently replaced HVAC and water heater. A patio and low-maintenance exterior finishes round out the day-to-day usability, along with an attached garage.
The property is on a level 0.1163-acre lot (1021 SF) with a composition roof and brick trim with vinyl siding. Services include public water and public sewer, with electric heating via a heat pump and electric cooling through the heat pump.
A double driveway provides access to the garage while keeping a secondary vehicle easily accessible. The public remarks also note an opportunity to buy the neighboring unit.
The property is on a level 0.1163-acre lot (1021 SF) with a composition roof and brick trim with vinyl siding. Services include public water and public sewer, with electric heating via a heat pump and electric cooling through the heat pump.
A double driveway provides access to the garage while keeping a secondary vehicle easily accessible. The public remarks also note an opportunity to buy the neighboring unit.
Key Highlights
- 0.1163‑acre lot and 1,021 SF ranch duplex
- Updated package: new roof, new carpet, fresh paint, replaced HVAC and water heater
- Patio, brick trim with vinyl siding, and composition roof
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
$10,196
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
4.74%
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%
$203,920
$203.9K
Cap Rate 7%
$145,657
$145.7K
Cap Rate 9%
$113,289
$113.3K
Market Conditions
NOI Build-Up for 1,021 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
$15.7K $15.36/SF
− Vacancy
−$1.1K −$1.09/SF
EGI
$14.6K $14.27/SF
− OpEx
−$4.4K −$4.28/SF
NOI
$10.2K $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%
$203,920
Cap Rate 7%
$145,657
Cap Rate 9%
$113,289
Alternative Uses
Best Use
Multifamily LT 5
$145.7K
$127.5K – $169.9K
NOI $10,196 @ 7.0% cap · market cap 4.74%
Second Best
Apartment 5plus
$134.5K
$117.7K – $156.9K
NOI $9,412 @ 7.0% cap · market cap 4.38%
Theoretical Best
Warehouse
$268.5K
$235.0K – $313.3K
NOI $18,797 @ 7.0% cap · market cap 8.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
144
Businesses Nearby
Explore this area
Business Placement
Demographics for 64029, MO
20,054
Population
8,185
Households
2.5
Avg Household Size
36
Median Age
30%
College-Educated
95%
High-School Grad
31.8 sq mi
ZIP Area
631
Density / Sq Mi
$89,074
Median Household Income
$50,332
Median Earnings
$1,369
Median Rent
$284,700
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 - Ranch duplex with a patio, attached garage, and updated interiors including newer roof, carpet, paint, HVAC, and water heater.
Where is this duplex located?
The property is located at 1019 Christie Lane Grain Valley, MO.
What is the asking price?
The asking price for this property is $214,900.
What are key features of this property?
This property features: 0.1163‑acre lot and 1,021 SF ranch duplex; Updated package: new roof, new carpet, fresh paint, replaced HVAC and water heater; Patio, brick trim with vinyl siding, and composition roof
