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    New Duplex in Aero Landing Title is generated by Realmo AI

    111-115 Conner Drive, Lebanon, MO 65536

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    For Sale
    $380,000

    DUPLEX - Other - Lebanon, MO

    Property size:
    2,227 SF
    Lot size:
    0.25 Acres
    Price / SF:
    $170/SF
    Added:
    Jan 15, 2026
    Days on Market:
    122
    Last Refresh:
    May 17 at 2:06 am

    Property Features for 111-115 Conner Drive

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Property condition
    Under Construction
    Bedrooms
    6
    Bathrooms
    4
    Rooms
    Bedroom 3, Bedroom 5, Bathroom 2, Bedroom 6, Bedroom 1, Bedroom 4, Bathroom 1, Bedroom 2, Bathroom 3, Bathroom 4
    Parking features
    Garage, Open
    Window features
    Double Pane Windows
    Patio and Porch features
    Porch
    Interior features
    Internet - Fiber Optic, Solid Surface Counters, W/D Hookup, Walk-In Closet(s), Walk-in Shower, High Speed Internet
    Exterior features
    Rain Gutters
    Appliances
    Dishwasher, Gas Water Heater, Free-Standing Electric Oven, Tankless Water Heater, Refrigerator, Disposal
    Standard status
    Active
    Size
    2,227 SF
    Lot size
    0.25 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    2000

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Heat Pump (Heating)
    Cooling system
    Ceiling Fan(s), Heat Pump

    Building Details

    Year built
    2026
    Floors in Building
    1
    Flooring type
    Vinyl
    Building materials
    Hardboard Siding, Vinyl Siding
    Roof type
    Fiberglass
    Architectural style
    Other

    We can help!

    Listing Contact
    Haylee Eden Davis

    Listing agent Haylee Eden Davis

    Listing office Real Broker, LLC MO

    Listing date Jan 15, 2026

    MLS# 60313609 Listing URL

    Copyright © 2026 Southern Missouri Regional MLS, LLC (SOMO). All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • New Construction Duplex: Ideal for owner‑occupants or tenants.
    • Each Unit: Features 3 bedrooms and 2 full bathrooms, plus a 1‑car garage.
    • Modern Finishes: Luxury vinyl plank flooring, hard surface countertops, and modern fixtures.
    • Energy Efficient: Designed to support manageable utility costs.
    • Fiber Optic Internet: High‑speed internet access available.
    • New Residential Community: Located in the growing Aero Landing subdivision in Lebanon.

    Overview

    This newly constructed duplex, situated in the Aero Landing subdivision of Lebanon, presents an opportunity to own both sides of a well-designed patio home. Each unit features three bedrooms, two full bathrooms, and a one-car garage. The floor plan is designed to be functional and balanced, accommodating both owner-occupants and tenants. Interior finishes include luxury vinyl plank flooring, stained or painted cabinetry, hard surface countertops, and modern fixtures and hardware, creating a clean, contemporary aesthetic with durable materials. These residences are designed with energy efficiency in mind, supporting manageable utility costs and long-term operational performance. Located in a growing neighborhood, Aero Landing is attractive to renters seeking new construction and buyers interested in ownership within an emerging area of Lebanon. The property, situated on a 0.25-acre lot, offers flexibility, efficiency, and long-term value, whether utilized as a live-in investment or held as a full rental property. The property size is 2227 square feet.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Map

    City
    Lebanon
    County
    Laclede
    State
    Missouri
    Longitude
    -92.648048
    Latitude
    37.645579

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    FAQs

    What type of property is this?
    Duplex - New construction duplex in Lebanon's Aero Landing subdivision.
    Where is this duplex located?
    The property is located at 111-115 Conner Drive Lebanon, MO.
    What is the asking price?
    The asking price for this property is $380,000.
    What are key features of this property?
    This property features: New Construction Duplex: Ideal for owner‑occupants or tenants.; Each Unit: Features **3 bedrooms and 2 full bathrooms**, plus a 1‑car garage.; **Modern Finishes**: Luxury vinyl plank flooring, hard surface countertops, and modern fixtures.
    (417) 254-1901
    We can help!
    Listing Contact
    Haylee Eden Davis
    Learn More
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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
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