Three-Bedroom Half Duplex with
For Sale
Under Contract
$240,000
1719 Jo Ann Drive, Raymore, MO 64083
DUPLEX - Other - Raymore, MO
Property Size1,126 SF
Lot Size0.10 Acres
Price / SF$213.14
Days on Market48
Property Features for 1719 Jo Ann Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 2, Bedroom 3, Bathroom 2, Bathroom 1
Parking features
Garage
Patio and Porch features
Patio
Interior features
Ceiling Fan(s), Pantry
Appliances
Dishwasher, Disposal, Microwave, Refrigerator, Electric Range, Stainless Steel Appliance(s)
Subdivision
Le Mor Estates
Lot features
City Lot
Elementary school district
Raymore-Peculiar
Middle school district
Raymore-Peculiar
High school district
Raymore-Peculiar
Directions
East on 58 Highway from 49 Highway in Belton, South on Dean Avenue, West on Lucy Webb, North on Old Paint Rd, East on Jo Ann Dr.
Standard status
Active Under Contract
APN
2319002
Size
1,126 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Description
LEMOR ESTATES LOT 2A
Tax Annual Amount
2383
HOA Fee
$55 Monthly
Legal Description
LEMOR ESTATES LOT 2A
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Electric
Water source
Public
Amenities
private patio
HOA lawn maintenance and snow removal
Building Details
Year built
2016
Flooring type
Wood, Laminate
Building materials
Vinyl Siding
Roof type
Composition
Architectural style
Other
Listing Agency:
Worth Clark Realty
(800) 991-6092
Listed By:
Torie Hood
(816) 668-4283
Added: Jun 25
Changed: Aug 4
Last Checked: Aug 11 at 10:06AM
MLS# 2628149
Copyright © 2026 Heartland Multiple Listing Service. 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.
1719 Jo Ann Drive is a beautifully maintained three-bedroom, two-bath ranch half duplex in the Le Mor Estates community. Built in 2016, the one-level layout features an open-concept living area flowing into the kitchen and dining space, with stainless steel appliances, ample cabinetry, and a pantry. The primary suite includes a private bath, and two additional bedrooms offer flexibility for guests, a home office, or hobbies. Main-level laundry adds everyday convenience.
The home includes wood and laminate flooring, vinyl siding, forced-air heating, and electric cooling, with a composition roof. An attached one-car garage provides parking, and a private patio offers outdoor space. Public water and public sewer are connected.
Homeowners benefit from an HOA that takes care of lawn maintenance and snow removal. The property is located in the Raymore-Peculiar School District, with easy access to shopping, dining, parks, and highways.
The home includes wood and laminate flooring, vinyl siding, forced-air heating, and electric cooling, with a composition roof. An attached one-car garage provides parking, and a private patio offers outdoor space. Public water and public sewer are connected.
Homeowners benefit from an HOA that takes care of lawn maintenance and snow removal. The property is located in the Raymore-Peculiar School District, with easy access to shopping, dining, parks, and highways.
Key Highlights
- Built in 2016 three‑bedroom, two‑bath ranch half duplex
- 1126 square feet with open‑concept living, kitchen, and dining
- 0.097‑acre lot with private patio
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
$9,678
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
4.03%
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%
$193,560
$193.6K
Cap Rate 7%
$138,257
$138.3K
Cap Rate 9%
$107,533
$107.5K
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
$14.1K $12.48/SF
− Vacancy
−$226 −$0.20/SF
EGI
$13.8K $12.28/SF
− OpEx
−$4.1K −$3.68/SF
NOI
$9.7K $8.60/SF
Area
Cass County, MO
Vacancy
1.61%
Lease Rate
$12.48 /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%
$193,560
Cap Rate 7%
$138,257
Cap Rate 9%
$107,533
Alternative Uses
Best Use
Multifamily LT 5
$138.3K
$121.0K – $161.3K
NOI $9,678 @ 7.0% cap · market cap 4.03%
Second Best
Apartment 5plus
$123.1K
$107.8K – $143.7K
NOI $8,620 @ 7.0% cap · market cap 3.59%
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
Multi-tenant
Tenancy
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Move-in-ready three-bedroom ranch half duplex with an open-concept layout, attached one-car garage, and private patio in Le Mor Estates.
Where is this duplex 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: Built in 2016 three‑bedroom, two‑bath ranch half duplex; 1126 square feet with open‑concept living, kitchen, and dining; 0.097‑acre lot with private patio
