Furnished Condo in Gated
For Sale
$299,000
132 Highland Drive #12, Branson, MO 65616
Vacation rental approved condo with upscale amenities near Branson Strip.
Property Size1,135 SF
Days on Market378
Property Features for 132 Highland Drive #12
General Information
Standard status
Active
Size
1,135 SF
Property subtype
Condominium
Taxes and HOA fees
Annual Taxes
$1,850
Amenities
Fireplace
Ceiling Fan(s)
Central Air
Heat Pump
Dishwasher
Free-Standing Electric Oven
Dryer
Washer
Exhaust Fan
Microwave
Refrigerator
Electric Water Heater
Disposal
Deck
Building Details
Building Size
1,135 SF
Year Built
1994
Stories
1
Listing Agency:
Keller Williams Tri-Lakes
Listed By:
Parker Stone · License #2004001086
(417) 294-2294
Source:
Kw
Added: Aug 26, 2025
Changed: Aug 13
Last Checked: Sep 6 at 7:21PM
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 Tri-Lakes
Investment Insights
Based on property information with market context.
This fully furnished condo features 3 bedrooms and 2 bathrooms, and is approved for vacation rentals. The interior boasts soaring ceilings, modern decor, and a loft space. Its open-concept layout is suited for gatherings. The primary bedroom includes an en-suite bathroom. Located within a gated community, residents have access to a championship golf course, fitness center, indoor and outdoor pools, tennis, pickleball, and basketball courts, playgrounds, and walking trails. The property is located near Branson's Strip, offering dining, shopping, and entertainment. Table Rock Lake State Park is also nearby, providing boat rentals, campgrounds, and trails.
Key Highlights
- Vacation rental approved, offering income‑producing potential.
- Fully furnished, 3‑bedroom, 2‑bath condo ready for immediate use.
- Access to upscale amenities including a championship golf course, fitness center, indoor/outdoor pools, and sports courts within a gated community.
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
$9,166
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
3.07%
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%
$183,320
$183.3K
Cap Rate 7%
$130,943
$130.9K
Cap Rate 9%
$101,844
$101.8K
Market Conditions
NOI Build-Up for 1,135 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
$18.1K $15.96/SF
− Vacancy
−$1.4K −$1.28/SF
EGI
$16.7K $14.68/SF
− OpEx
−$7.5K −$6.61/SF
NOI
$9.2K $8.08/SF
Area
Taney County, MO
Vacancy
8.00%
Lease Rate
$15.96 /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%
$183,320
Cap Rate 7%
$130,943
Cap Rate 9%
$101,844
Alternative Uses
Best Use
Apartment 5plus
$130.9K
$114.6K – $152.8K
NOI $9,166 @ 7.0% cap · market cap 3.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$221.8K
$194.1K – $258.8K
NOI $15,527 @ 7.0% cap · market cap 5.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
170
Businesses Nearby
Explore this area
Business Placement
Demographics for 65616, MO
27,562
Population
16,419
Households
1.7
Avg Household Size
43
Median Age
30%
College-Educated
90%
High-School Grad
76.5 sq mi
ZIP Area
360
Density / Sq Mi
$60,253
Median Household Income
$29,892
Median Earnings
$975
Median Rent
$243,000
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?
Short term rental property - Vacation rental approved condo with upscale amenities near Branson Strip.
Where is this short term rental property located?
The property is located at 132 Highland Drive #12 Branson, 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: Vacation rental approved, offering income‑producing potential.; Fully furnished, **3‑bedroom, 2‑bath condo ready for immediate use.**; Access to upscale amenities including a championship golf course, fitness center, indoor/outdoor pools, and sports courts within a gated community.
