Twin Villa Residential Income
For Sale
$294,950
Pending
1906 Shellbark Street, Raymore, MO 64083
Residential, Traditional, Raymore, MO
Property Size1,211 SF
Lot Size0.14 Acres
Days on Market114
Property Features for 1906 Shellbark Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 2, Bathroom 2, Bathroom 1, Dining Room, Laundry Room, Laundry Room
Parking features
Garage
Patio and Porch features
Patio
Interior features
Ceiling Fan(s), Custom Cabinets, Kitchen Island, Painted Cabinets, Pantry, Stained Cabinets, Walk-In Closet(s)
Appliances
Dishwasher, Disposal, Microwave, Electric Range, Stainless Steel Appliance(s)
Subdivision
Timber Ridge
Lot features
City Lot, Sprinkler- In Ground
Elementary school
Eagle Glen
Middle school
Raymore-Peculiar East
High school
Raymore-Peculiar
Elementary school district
Raymore-Peculiar
Middle school district
Raymore-Peculiar
High school district
Raymore-Peculiar
Directions
Timber Ridge is just East of Dean off Johnston Drive and just a few blocks South of 58 Hwy. Take I-49 to 58 Hwy. from 58 Hwy., take E. Outer Road to Johnston Drive. Take Johnston Drive East, just past Dean to Ironwood Drive. Welcome Home!
Standard status
Pending
APN
04-04-17-200-000-039.020
Size
1,211 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Description
TIMBER RIDGE LOT 9 A
HOA Fee
$150 Monthly
Legal Description
TIMBER RIDGE LOT 9 A
Utilities
Sewer type
Public Sewer
Heating system
Central, Natural Gas
Cooling system
Electric
Water source
Public
Building Details
Year built
2026
Flooring type
Carpet, Vinyl, Tile
Building materials
Frame, Lap Siding, Stone Veneer
Roof type
Composition
Architectural style
Other
Listing Agency:
ReeceNichols- Leawood Town Center · Reece & Nichols
(913) 345-0700
Listed By:
Shelly Balthazor
(816) 591-6277
Added: Jul 16
Changed: Oct 28
Last Checked: Nov 6 at 10:06AM
MLS# 2632034
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.
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Investment Insights
Based on property information with market context.
This under-construction residential income property is a 1,211-square-foot, single-level twin villa on a 0.1391-acre lot. The layout includes two bedrooms, two bathrooms, an open living and kitchen area, dining room, laundry room, primary suite, patio, and a spacious one-car garage. Interior features include quartz countertops, white cabinetry, a tile backsplash, wood-grain luxury vinyl plank flooring, carpet, tile, a kitchen island, pantry, and walk-in closet. The home also includes a ceiling fan in the living room and a boxed-up ceiling in both the living room and primary bedroom.
Construction details include James Hardie ColorPlus siding, double-wall construction, a 96% AFUE furnace, 14 SEER air conditioning, a sprinkler system, composition roofing, natural-gas heating, electric cooling, public water, and public sewer. The property is located in Raymore, Missouri, and is scheduled for construction in 2026.
Construction details include James Hardie ColorPlus siding, double-wall construction, a 96% AFUE furnace, 14 SEER air conditioning, a sprinkler system, composition roofing, natural-gas heating, electric cooling, public water, and public sewer. The property is located in Raymore, Missouri, and is scheduled for construction in 2026.
Key Highlights
- 1,211‑square‑foot single‑level twin villa on a 0.1391‑acre lot
- Two bedrooms, two bathrooms, and a spacious one‑car garage
- Open‑concept living and kitchen area with quartz counters and a tile backsplash
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,271
Cap Rate
3.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$185,420
$185.4K
Cap Rate 7%
$132,443
$132.4K
Cap Rate 9%
$103,011
$103.0K
Market Conditions
NOI Build-Up for 1,211 SF
Gross rent
$17.1K $14.16/SF
− Vacancy
−$292 −$0.24/SF
EGI
$16.9K $13.92/SF
− OpEx
−$7.6K −$6.26/SF
NOI
$9.3K $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 Rate 5%
$185,420
Cap Rate 7%
$132,443
Cap Rate 9%
$103,011
Alternative Uses
Best Use
Apartment 5plus
$132.4K
$115.9K – $154.5K
NOI $9,271 @ 7.0% cap · market cap 3.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$273.0K
$238.9K – $318.5K
NOI $19,112 @ 7.0% cap · market cap 6.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
381
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
Frequently Asked Questions
What type of property is this?
Single family property - Under-construction home with a single-level plan, designer finishes, and lawn maintenance provided.
Where is this single family property located?
The property is located at 1906 Shellbark Street Raymore, MO.
What is the asking price?
The asking price for this property is $294,950.
What are key features of this property?
This property features: 1,211‑square‑foot single‑level twin villa on a 0.1391‑acre lot; Two bedrooms, two bathrooms, and a spacious one‑car garage; Open‑concept living and kitchen area with quartz counters and a tile backsplash
