Updated 4-Unit Apartment
For Sale
$450,000
120 Mcdaniel St, Rogersville, MO
Corner-lot property with paved driveways and individual garages serving each residence.
Property Size4,336 SF
Price / SF$103.78
Days on Market122
Property Features for 120 Mcdaniel St
General Information
Standard status
Active
Size
4,336 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$3,090
Listing Agency:
Alpha Realty MO, LLC
(417) 425-7646
Listed By:
Adam C Johnson · License #2012035966
(417) 425-7646
Source:
Exprealty
Added: May 1
Changed: Aug 29
Last Checked: Aug 29 at 2:13PM
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 Alpha Realty MO, LLC
Investment Insights
Based on property information with market context.
Located at 120 Mcdaniel St in Rogersville, Missouri, this four-unit apartment property contains 4,336 square feet across four residential units. Each unit offers a two-bedroom, two-bathroom layout, providing a consistent configuration throughout the property.
The units have been updated and include a paved driveway and one-car garage for each residence. The property occupies a corner lot, adding a distinct site feature to the multifamily configuration.
The units have been updated and include a paved driveway and one-car garage for each residence. The property occupies a corner lot, adding a distinct site feature to the multifamily configuration.
Key Highlights
- Four‑unit apartment property totaling 4,336 square feet
- Each unit includes 2 bedrooms and 2 bathrooms
- Updated interiors across all four units
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
$39,301
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
8.73%
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%
$786,020
$786.0K
Cap Rate 7%
$561,443
$561.4K
Cap Rate 9%
$436,678
$436.7K
Market Conditions
NOI Build-Up for 4,336 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
$59.8K $13.80/SF
− Vacancy
−$3.7K −$0.85/SF
EGI
$56.1K $12.95/SF
− OpEx
−$16.8K −$3.88/SF
NOI
$39.3K $9.06/SF
Area
Webster County, MO
Vacancy
6.17%
Lease Rate
$13.80 /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%
$786,020
Cap Rate 7%
$561,443
Cap Rate 9%
$436,678
Alternative Uses
Best Use
Multifamily LT 5
$561.4K
$491.3K – $655.0K
NOI $39,301 @ 7.0% cap · market cap 8.73%
Second Best
Apartment 5plus
$500.7K
$438.2K – $584.2K
NOI $35,052 @ 7.0% cap · market cap 7.79%
Theoretical Best
Office A
$654.4K
$572.6K – $763.5K
NOI $45,811 @ 7.0% cap · market cap 10.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
311
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Corner-lot property with paved driveways and individual garages serving each residence.
Where is this quadplex located?
The property is located at 120 Mcdaniel St Rogersville, MO.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Four‑unit apartment property totaling 4,336 square feet; Each unit includes 2 bedrooms and 2 bathrooms; Updated interiors across all four units
