Ranch Triplex Under
For Sale
$350,000
16935 State Highway UU, Millersville, MO 63766
Residential Income, Millersville, MO
Property Size1,750 SF
Lot Size2.41 Acres
Price / SF$200
Days on Market50
Property Features for 16935 State Highway UU
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Property condition
Under Construction
Rooms
Dining Room
Parking
2
Patio and Porch features
Porch
Pool private
1
Interior features
Ceiling Fan(s), Dining/Living Room Combo, Eat-in Kitchen, Laminate Counters, Pantry, Recessed Lighting, Storage
Exterior features
Private Yard
Appliances
ENERGY STAR Qualified Appliances, Disposal, Exhaust Fan, Microwave, Electric Oven, Refrigerator, Washer/Dryer Stacked
Lot features
Back Yard, Front Yard, Many Trees
Elementary school
Millersville Attendance Center
Middle school
Jackson Russell Hawkins Jr High
High school
Jackson Sr. High
Elementary school district
Jackson R-II
Middle school district
Jackson R-II
High school district
Jackson R-II
Directions
Maps will not take you to the property. Drive about a mile further down the road; follow the signs. If you pass the Methodist Church, then you've gone too far
Standard status
Active
Size
1,750 SF
Lot size
2.41 Acres
Utilities
Heating system
Forced Air
Cooling system
Central Air
Water source
Well
Amenities
garage
generator
private well and septic
above-ground pool
Building Details
Year built
2025
Floors in Building
1
Number of units
3
Flooring type
Vinyl
Building materials
Vinyl Siding
Roof type
Metal
Architectural style
Ranch
Additional Structures
Storage
Listing Agency:
EXP Realty, LLC
(866) 224-1761
Listed By:
Sarah McKinney · License #2021020164
(913) 908-8001
Added: Aug 4
Changed: Sep 1
Last Checked: Sep 22 at 6:06AM
MLS# 26049579
Copyright © 2026 Mid America Regional Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This ranch-style triplex is under construction and includes three residential units totaling 1,750 square feet. Each unit is configured with one bedroom and one bathroom, along with an eat-in kitchen, combined dining and living area, pantry, storage, laminate counters, recessed lighting, vinyl flooring, and ceiling fans. Appliances include refrigerators, electric ovens, microwaves, disposals, exhaust fans, and stacked washer/dryers. Central air and forced-air heating serve the residences, which are finished with vinyl siding and metal roofing.
The property encompasses 2.41 acres at 16935 State Highway UU in Millersville, Missouri. Site improvements include a two-car garage, porch, private yard, above-ground pool, whole-home generator, private well, and septic system. The 2025 construction features a ranch layout and ENERGY STAR qualified appliances.
The property encompasses 2.41 acres at 16935 State Highway UU in Millersville, Missouri. Site improvements include a two-car garage, porch, private yard, above-ground pool, whole-home generator, private well, and septic system. The 2025 construction features a ranch layout and ENERGY STAR qualified appliances.
Key Highlights
- Triplex with three 1‑bedroom, 1‑bathroom units
- 1,750 square feet on 2.41 acres
- Under construction with 2025 year built
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
$13,997
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
4.00%
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%
$279,940
$279.9K
Cap Rate 7%
$199,957
$200.0K
Cap Rate 9%
$155,522
$155.5K
Market Conditions
NOI Build-Up for 1,750 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
$21.4K $12.24/SF
− Vacancy
−$1.4K −$0.81/SF
EGI
$20.0K $11.43/SF
− OpEx
−$6.0K −$3.43/SF
NOI
$14.0K $8.00/SF
Area
Cape Girardeau County, MO
Vacancy
6.65%
Lease Rate
$12.24 /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%
$279,940
Cap Rate 7%
$199,957
Cap Rate 9%
$155,522
Alternative Uses
Best Use
Multifamily LT 5
$200.0K
$175.0K – $233.3K
NOI $13,997 @ 7.0% cap · market cap 4.00%
Second Best
Apartment 5plus
$184.1K
$161.1K – $214.8K
NOI $12,890 @ 7.0% cap · market cap 3.68%
Theoretical Best
Office A
$552.1K
$483.1K – $644.1K
NOI $38,646 @ 7.0% cap · market cap 11.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
6
Businesses Nearby
Explore this area
Business Placement
Demographics for 63766, MO
1,193
Population
705
Households
1.7
Avg Household Size
46
Median Age
18%
College-Educated
98%
High-School Grad
48.3 sq mi
ZIP Area
25
Density / Sq Mi
$59,049
Median Household Income
$35,714
Median Earnings
$1,099
Median Rent
$174,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Triplex - Three one-bedroom residences with individual living spaces, appliances, and shared site improvements on a private well and septic system.
Where is this triplex located?
The property is located at 16935 State Highway UU Millersville, MO.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Triplex with three 1‑bedroom, 1‑bathroom units; 1,750 square feet on 2.41 acres; Under construction with 2025 year built
