All-Brick Patio Home with Sun
For Sale
$299,000
Pending
1264 Lafayette Court, Springfield, MO 65804
All-brick patio home with three bedrooms, three full baths, and a sun room, plus low-maintenance landscaping.
Property Size1,878 SF
Days on Market365
Property Features for 1264 Lafayette Court
General Information
Standard status
Pending
Size
1,878 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$2,511
Amenities
Central Air, Ceiling Fan(s)
Finished, Storage, Concrete, Plumbed, Full
Carpet, Linoleum
Dishwasher, Microwave, Disposal, Range/Oven Free Standing
3
Family Room First Level, Window Drapes-curtains
Asphalt
No Fence
Enclosed
Cul-De-Sac.
2 Garage Spaces. Garage.
Brick
City
Cul-De-Sac, City Road, Asphalt, Concrete Road.
Building Details
Year Built
1991
Listing Agency:
ReeceNichols
(417) 883-6666
Listed By:
Springfield
(417) 988-8998
Source:
Xome
Added: Aug 18, 2025
Changed: Aug 12
Last Checked: Aug 17 at 4:06AM
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 ReeceNichols
Investment Insights
Based on property information with market context.
Located at 1264 E Lafayette Court E in Springfield, Missouri, this all-brick patio home offers three bedrooms and three full baths. The layout includes a sun room, along with a low-maintenance design intended to keep outdoor upkeep minimal with a small yard.
The home’s exterior and overall design emphasize comfort and practicality, with an emphasis on easy day-to-day living. A seller-allowed carpet allowance of $7,500.00 is also noted.
For buyers seeking a single-family patio-style residence with multiple full baths and an additional sun room, this home presents a straightforward, manageable configuration.
The home’s exterior and overall design emphasize comfort and practicality, with an emphasis on easy day-to-day living. A seller-allowed carpet allowance of $7,500.00 is also noted.
For buyers seeking a single-family patio-style residence with multiple full baths and an additional sun room, this home presents a straightforward, manageable configuration.
Key Highlights
- All‑brick patio home built in 1991 with 3 bedrooms and 3 full baths
- Sun room plus enclosed patio for additional indoor/outdoor living space
- Finished full basement with storage, concrete surfaces, and plumbing
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
$17,022
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
5.69%
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%
$340,440
$340.4K
Cap Rate 7%
$243,171
$243.2K
Cap Rate 9%
$189,133
$189.1K
Market Conditions
NOI Build-Up for 1,878 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
$25.9K $13.80/SF
− Vacancy
−$1.6K −$0.85/SF
EGI
$24.3K $12.95/SF
− OpEx
−$7.3K −$3.88/SF
NOI
$17.0K $9.06/SF
Area
Springfield, 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%
$340,440
Cap Rate 7%
$243,171
Cap Rate 9%
$189,133
Alternative Uses
Best Use
Multifamily LT 5
$243.2K
$212.8K – $283.7K
NOI $17,022 @ 7.0% cap · market cap 5.69%
Second Best
Apartment 5plus
$216.9K
$189.8K – $253.0K
NOI $15,182 @ 7.0% cap · market cap 5.08%
Theoretical Best
Office A
$283.5K
$248.0K – $330.7K
NOI $19,842 @ 7.0% cap · market cap 6.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
525
Businesses Nearby
Explore this area
Business Placement
Demographics for 65804, MO
40,064
Population
20,118
Households
2
Avg Household Size
40
Median Age
42%
College-Educated
97%
High-School Grad
18.6 sq mi
ZIP Area
2,154
Density / Sq Mi
$58,288
Median Household Income
$40,103
Median Earnings
$898
Median Rent
$227,000
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 - All-brick patio home with three bedrooms, three full baths, and a sun room, plus low-maintenance landscaping.
Where is this duplex located?
The property is located at 1264 Lafayette Court Springfield, MO.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: All‑brick patio home built in 1991 with 3 bedrooms and 3 full baths; Sun room plus enclosed patio for additional indoor/outdoor living space; Finished full basement with storage, concrete surfaces, and plumbing
