Fourplex with Off-Street
For Sale
$570,000
Pending
2000 SW 9th Street, Blue Springs, MO 64015
Fully occupied fourplex with off-street parking and separately metered, leased units; showings require advance notice.
Property Size4,538 SF
Days on Market26
Property Features for 2000 SW 9th Street
General Information
Standard status
Pending
Size
4,538 SF
Property subtype
Residential Income
Zoning
MF-14
Occupancy
100%
Additional Details
Cap Rate
4%
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$7,218
Amenities
Electric
Natural Gas
Dishwasher, Disposal, Refrigerator, Electric Range
Garage, Off Street
Building Details
Building Size
4,538 SF
Year Built
1985
Stories
2
Listing Agency:
Weichert Realtors - Generations
(816) 872-7179
Listed By:
Brittany Collins
(816) 872-7179
Source:
Evrealestate
Added: Jul 29
Changed: Aug 23
Last Checked: Aug 23 at 3:37AM
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 Weichert Realtors - Generations
Investment Insights
Based on property information with market context.
This fully occupied fourplex presents an income-focused setup with all four units currently leased. Each unit is separately metered, and the property is described as professionally maintained. Off-street parking and spacious layouts are part of the tenant experience across the building.
Three of the four units have been updated, with Unit C identified as the remaining unit. Showings require advance notice due to tenant occupancy.
The property is presented as having a 4% cap rate and a strong rental history, supported by the stated current leasing status and ongoing maintenance.
Located in Blue Springs, the property is described as convenient to shopping, dining, and major commuter routes, aligning with tenant demand in the area.
Three of the four units have been updated, with Unit C identified as the remaining unit. Showings require advance notice due to tenant occupancy.
The property is presented as having a 4% cap rate and a strong rental history, supported by the stated current leasing status and ongoing maintenance.
Located in Blue Springs, the property is described as convenient to shopping, dining, and major commuter routes, aligning with tenant demand in the area.
Key Highlights
- Fully occupied fourplex with all units currently leased
- 4% cap rate and strong rental history
- Three of the four units have been updated
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
$45,319
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
7.95%
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%
$906,380
$906.4K
Cap Rate 7%
$647,414
$647.4K
Cap Rate 9%
$503,544
$503.5K
Market Conditions
NOI Build-Up for 4,538 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
$69.7K $15.36/SF
− Vacancy
−$5.0K −$1.09/SF
EGI
$64.7K $14.27/SF
− OpEx
−$19.4K −$4.28/SF
NOI
$45.3K $9.99/SF
Area
Jackson County, MO
Vacancy
7.12%
Lease Rate
$15.36 /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%
$906,380
Cap Rate 7%
$647,414
Cap Rate 9%
$503,544
Alternative Uses
Best Use
Multifamily LT 5
$647.4K
$566.5K – $755.3K
NOI $45,319 @ 7.0% cap · market cap 7.95%
Second Best
Apartment 5plus
$597.6K
$522.9K – $697.2K
NOI $41,834 @ 7.0% cap · market cap 7.34%
Theoretical Best
Warehouse
$1.19M
$1.04M – $1.39M
NOI $83,547 @ 7.0% cap · market cap 14.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
391
Businesses Nearby
Explore this area
Business Placement
Demographics for 64015, MO
33,063
Population
13,147
Households
2.5
Avg Household Size
39
Median Age
34%
College-Educated
96%
High-School Grad
19.6 sq mi
ZIP Area
1,687
Density / Sq Mi
$81,242
Median Household Income
$51,065
Median Earnings
$1,148
Median Rent
$249,500
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?
Quadplex - Fully occupied fourplex with off-street parking and separately metered, leased units; showings require advance notice.
Where is this quadplex located?
The property is located at 2000 SW 9th Street Blue Springs, MO.
What is the asking price?
The asking price for this property is $570,000.
What are key features of this property?
This property features: Fully occupied fourplex with all units currently leased; 4% cap rate and strong rental history; Three of the four units have been updated
