Ranch Half Duplex with
For Sale
$240,000
1719 Jo Ann Drive, Raymore, MO 64083
One-level residence with an attached garage, private patio, and HOA-covered lawn maintenance and snow removal.
Property Size1,126 SF
Days on Market9
Property Features for 1719 Jo Ann Drive
General Information
Standard status
Active
Size
1,126 SF
Total Parking Spaces
1
Property subtype
Duplex
Additional Details
Highway Access
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,383
Amenities
stainless steel appliances
pantry
main-level laundry
private patio
lawn maintenance
snow removal
Building Details
Building Size
1,126 SF
Year Built
2016
Stories
1
Construction
ranch
Listing Agency:
Worth Clark Realty
(800) 991-6092
Listed By:
Torie Hood
(800) 991-6092
Source:
Community-realty
Added: Aug 13
Changed: Aug 14
Last Checked: Aug 20 at 1:49PM
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 Worth Clark Realty
Investment Insights
Based on property information with market context.
This 2016-built ranch half duplex at 1719 Jo Ann Drive offers a single-level layout with three bedrooms and two bathrooms. The main living area connects to the kitchen and dining space, where stainless steel appliances, substantial cabinetry, a pantry, and natural light support everyday use. The primary bedroom includes a private bathroom, while the additional bedrooms can accommodate guests, office use, or hobbies. Main-level laundry, an attached one-car garage, and a private patio add practical utility.
The property is located in Le Mor Estates and is served by the Raymore-Peculiar School District. Shopping, dining, parks, and highway access are identified in the surrounding area. HOA services include lawn maintenance and snow removal.
The property is located in Le Mor Estates and is served by the Raymore-Peculiar School District. Shopping, dining, parks, and highway access are identified in the surrounding area. HOA services include lawn maintenance and snow removal.
Key Highlights
- Three‑bedroom, two‑bath half duplex built in 2016
- Single‑level ranch layout with open living, kitchen, and dining areas
- Kitchen includes stainless steel appliances, cabinetry, and a pantry
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
$8,620
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
3.59%
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%
$172,400
$172.4K
Cap Rate 7%
$123,143
$123.1K
Cap Rate 9%
$95,778
$95.8K
Market Conditions
NOI Build-Up for 1,126 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
$15.9K $14.16/SF
− Vacancy
−$271 −$0.24/SF
EGI
$15.7K $13.92/SF
− OpEx
−$7.1K −$6.26/SF
NOI
$8.6K $7.66/SF
Area
Cass County, MO
Vacancy
1.70%
Lease Rate
$14.16 /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%
$172,400
Cap Rate 7%
$123,143
Cap Rate 9%
$95,778
Alternative Uses
Best Use
Apartment 5plus
$123.1K
$107.8K – $143.7K
NOI $8,620 @ 7.0% cap · market cap 3.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$253.9K
$222.1K – $296.2K
NOI $17,771 @ 7.0% cap · market cap 7.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
43
Businesses Nearby
Explore this area
Business Placement
Demographics for 64083, MO
24,945
Population
10,058
Households
2.5
Avg Household Size
40
Median Age
37%
College-Educated
95%
High-School Grad
25.7 sq mi
ZIP Area
971
Density / Sq Mi
$99,575
Median Household Income
$53,042
Median Earnings
$1,262
Median Rent
$316,100
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - One-level residence with an attached garage, private patio, and HOA-covered lawn maintenance and snow removal.
Where is this residential income property located?
The property is located at 1719 Jo Ann Drive Raymore, MO.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: Three‑bedroom, two‑bath half duplex built in 2016; Single‑level ranch layout with open living, kitchen, and dining areas; Kitchen includes stainless steel appliances, cabinetry, and a pantry
