3-Bedroom Multifamily
For Sale
Contact for pricing
12708 12th Street, Grandview, MO 64030
Residentially zoned property with a three-bedroom layout in Grandview.
Property Size936 SF
Price / SF$160.26
Days on Market83
Property Features for 12708 12th Street
General Information
Standard status
Active
Size
936 SF
Property subtype
Multifamily
Zoning
Residential
Building Details
Year Built
1958
Units
2
Listing Agency:
Keller Williams - The Solutions Group
Listed By:
Wes Schlobohm · License #KS
Source:
Crexi
Added: Jun 13
Changed: Aug 30
Last Checked: Sep 2 at 11:20AM
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 Keller Williams - The Solutions Group
Investment Insights
Based on property information with market context.
This multifamily property offers a three-bedroom configuration and carries Residential zoning. The structure was built in 1958, providing an established residential asset in Grandview, Missouri.
The property is located at 12708 12th Street within the Kansas City market. Its documented layout and residential zoning support evaluation as an income-producing multifamily property.
The property is located at 12708 12th Street within the Kansas City market. Its documented layout and residential zoning support evaluation as an income-producing multifamily property.
Key Highlights
- Three‑bedroom multifamily property
- Residential zoning
- Built in 1958
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
$8,629
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
5.75%
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%
$172,580
$172.6K
Cap Rate 7%
$123,271
$123.3K
Cap Rate 9%
$95,878
$95.9K
Market Conditions
NOI Build-Up for 936 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
$17.0K $18.12/SF
− Vacancy
−$1.3K −$1.36/SF
EGI
$15.7K $16.76/SF
− OpEx
−$7.1K −$7.54/SF
NOI
$8.6K $9.22/SF
Area
Jackson County, MO
Vacancy
7.50%
Lease Rate
$18.12 /SF/Yr
Expense Ratio
45.00%
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%
$172,580
Cap Rate 7%
$123,271
Cap Rate 9%
$95,878
Alternative Uses
Best Use
Apartment 5plus
$123.3K
$107.9K – $143.8K
NOI $8,629 @ 7.0% cap · market cap 5.75%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$246.2K
$215.4K – $287.2K
NOI $17,232 @ 7.0% cap · market cap 11.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
811
Businesses Nearby
Explore this area
Business Placement
Demographics for 64030, MO
26,154
Population
11,869
Households
2.2
Avg Household Size
35
Median Age
24%
College-Educated
89%
High-School Grad
14.5 sq mi
ZIP Area
1,804
Density / Sq Mi
$53,207
Median Household Income
$37,600
Median Earnings
$1,003
Median Rent
$171,700
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?
Multifamily property - Residentially zoned property with a three-bedroom layout in Grandview.
Where is this multifamily property located?
The property is located at 12708 12th Street Grandview, MO.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Three‑bedroom multifamily property; Residential zoning; Built in 1958
