Three-Level Residential Income
For Sale
$245,000
201 W Foxwood Drive, Raymore, MO 64083
Residential, Traditional, Raymore, MO
Property Size1,872 SF
Lot Size0.16 Acres
Price / SF$130.88
Days on Market23
Property Features for 201 W Foxwood Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
3
Full bathrooms
2
Half bathrooms
2
Rooms
Bedroom 1, Bedroom 2, Bathroom 1, Basement, Bathroom 4, Bathroom 2, Bathroom 3, Bedroom 3
Parking features
Driveway, Garage
Patio and Porch features
Deck
Fireplace
1
Basement
Partial, Sump Pump, Full
Subdivision
Heritage Hills
Elementary school district
Raymore-Peculiar
Middle school district
Raymore-Peculiar
High school district
Raymore-Peculiar
Directions
From Hwy 58 turn north onto N Madison St. Then from N Madison St turn east onto Foxwood Dr. Property on the south side of the street.
Standard status
Active
APN
2242801
Size
1,872 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Description
HERITAGE HILLS E56.80' LOT 4
Tax Annual Amount
1778
Legal Description
HERITAGE HILLS E56.80' LOT 4
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Electric
Water source
Public
Amenities
fireplace
patio
Building Details
Year built
1985
Building materials
Frame
Roof type
Composition
Architectural style
Other
Listing Agency:
Keller Williams Southland · Keller Williams Realty
(816) 331-2323
Listed By:
Steve Collins
(417) 496-4957
Added: Sep 3
Changed: Sep 25
Last Checked: Sep 25 at 6:06PM
MLS# 2640567
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.
This 1,872-square-foot half-duplex, built in 1985, spans three levels and includes 3 bedrooms, 2 full bathrooms, and 2 half bathrooms. The main floor connects the living room, dining room, and kitchen, with a fireplace in the living room. A loft overlooks that space, and the primary bedroom has an ensuite bathroom. The finished lower level contains another living area, a bedroom, and a half bath.
The property occupies 0.164 acres in Raymore, Missouri. Frame construction, natural gas heat, electric cooling, a composition roof, and public water and sewer serve the home. Parking features include a driveway and garage.
The property occupies 0.164 acres in Raymore, Missouri. Frame construction, natural gas heat, electric cooling, a composition roof, and public water and sewer serve the home. Parking features include a driveway and garage.
Key Highlights
- 1,872 square feet across three levels
- 3 bedrooms, 2 full bathrooms, and 2 half bathrooms
- Finished lower level with living area, bedroom, and half bath
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
$14,331
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
5.85%
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%
$286,620
$286.6K
Cap Rate 7%
$204,729
$204.7K
Cap Rate 9%
$159,233
$159.2K
Market Conditions
NOI Build-Up for 1,872 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
$26.5K $14.16/SF
− Vacancy
−$451 −$0.24/SF
EGI
$26.1K $13.92/SF
− OpEx
−$11.7K −$6.26/SF
NOI
$14.3K $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 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%
$286,620
Cap Rate 7%
$204,729
Cap Rate 9%
$159,233
Alternative Uses
Best Use
Apartment 5plus
$204.7K
$179.1K – $238.9K
NOI $14,331 @ 7.0% cap · market cap 5.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$422.1K
$369.3K – $492.4K
NOI $29,545 @ 7.0% cap · market cap 12.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
305
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
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Frequently Asked Questions
What type of property is this?
Residential income property - A finished basement adds a living area, bedroom, and half bath to the home’s upper-level bedrooms and loft.
Where is this residential income property located?
The property is located at 201 W Foxwood Drive Raymore, MO.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: 1,872 square feet across three levels; 3 bedrooms, 2 full bathrooms, and 2 half bathrooms; Finished lower level with living area, bedroom, and half bath
