Modern Two-Unit
New
For Sale
$275,000
1109 Kings Highway #A, Independence, MO 64050
Each residence includes an open layout, contemporary kitchen, private suite, and attached garage.
Property Size1,350 SF
Days on Market5
Property Features for 1109 Kings Highway #A
General Information
Standard status
Active
Size
1,350 SF
Property subtype
Duplex
Units
Unit Mix
2 x 3BR/2.5BA
Multifamily Units
2
Building Details
Building Size
1,350 SF
Year Built
2026
Buildings
1
Stories
2
Listing Agency:
RE/MAX Premier Properties
(816) 416-7090
Listed By:
Harry Meierarend IV · License #2014028599
(816) 416-7090
Source:
Community-realty
Added: Aug 16
Changed: Aug 17
Last Checked: Aug 19 at 2:48PM
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 RE/MAX Premier Properties
Investment Insights
Based on property information with market context.
Completed in 2026, this duplex contains two separate two-story residences, each with 3 bedrooms and 2.5 bathrooms. The interiors are arranged around open living areas and include contemporary kitchens with soft-close cabinetry and abundant natural light. Each home also has a private primary bedroom with an en-suite bathroom, two additional bedrooms, and a full bathroom serving the remaining living areas.
Both residences include an attached 2-car garage, providing dedicated parking and storage. Energy-efficient construction and all-new systems are incorporated throughout the property. Located at 1109 Kings Highway #A in Independence, Missouri, the asset is configured for residential income use and may also accommodate an owner-occupant arrangement.
Both residences include an attached 2-car garage, providing dedicated parking and storage. Energy-efficient construction and all-new systems are incorporated throughout the property. Located at 1109 Kings Highway #A in Independence, Missouri, the asset is configured for residential income use and may also accommodate an owner-occupant arrangement.
Key Highlights
- Two 2‑story units, each with 3 bedrooms and 2.5 bathrooms
- Built in 2026 with energy‑efficient construction and all‑new systems
- Open‑concept interiors with contemporary kitchens and soft‑close cabinets
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
$15,428
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
5.61%
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%
$308,560
$308.6K
Cap Rate 7%
$220,400
$220.4K
Cap Rate 9%
$171,422
$171.4K
Market Conditions
NOI Build-Up for 1,350 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
$23.5K $17.40/SF
− Vacancy
−$1.4K −$1.07/SF
EGI
$22.0K $16.33/SF
− OpEx
−$6.6K −$4.90/SF
NOI
$15.4K $11.43/SF
Area
Independence, MO
Vacancy
6.17%
Lease Rate
$17.40 /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%
$308,560
Cap Rate 7%
$220,400
Cap Rate 9%
$171,422
Alternative Uses
Best Use
Multifamily LT 5
$220.4K
$192.9K – $257.1K
NOI $15,428 @ 7.0% cap · market cap 5.61%
Second Best
Apartment 5plus
$202.3K
$177.0K – $236.0K
NOI $14,162 @ 7.0% cap · market cap 5.15%
Theoretical Best
Office A
$399.0K
$349.1K – $465.5K
NOI $27,929 @ 7.0% cap · market cap 10.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
294
Businesses Nearby
Explore this area
Business Placement
Demographics for 64050, MO
22,223
Population
10,338
Households
2.1
Avg Household Size
39
Median Age
15%
College-Educated
87%
High-School Grad
12.9 sq mi
ZIP Area
1,723
Density / Sq Mi
$46,561
Median Household Income
$36,084
Median Earnings
$915
Median Rent
$137,200
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 - Each residence includes an open layout, contemporary kitchen, private suite, and attached garage.
Where is this duplex located?
The property is located at 1109 Kings Highway #A Independence, MO.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Two 2‑story units, each with 3 bedrooms and 2.5 bathrooms; Built in 2026 with energy‑efficient construction and all‑new systems; Open‑concept interiors with contemporary kitchens and soft‑close cabinets
