Multifamily Townhome
For Sale
$865,000
2035 Walden Pond Way, Cape Girardeau, MO 63701
Townhome residences feature private entrances, modern finishes, attached garages, and access to shared recreational amenities.
Property Size4,316 SF
Days on Market55
Property Features for 2035 Walden Pond Way
General Information
Standard status
Active
Size
4,316 SF
Property subtype
Multifamily
Additional Details
Parking per Unit
2
Amenities
pool
clubhouse
fitness center
Building Details
Building Size
4,316 SF
Listed By:
Matt Huber · License #MO #2023031239
(573) 510-3993
Source:
Lorimont
Added: Jul 10
Changed: Aug 31
Last Checked: Sep 1 at 6:06PM
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 Matt Huber
Investment Insights
Based on property information with market context.
This multifamily townhome property includes spacious two-bedroom, two-bathroom residences of approximately 1,000 SF each. Every residence has a private entrance and attached private two-car tandem garage, along with an open living, dining, and kitchen arrangement. Interior features include luxury vinyl plank flooring in living areas, quartz countertops, stainless steel appliances, in-unit washer and dryer, walk-in closets, and a built-in computer nook. The properties were built approximately 5 years ago.
Shared amenities include a community pool, clubhouse, and 24-hour fitness center. Residents also have direct access to the Cape Girardeau City walking trail system, with Cape Girardeau County Park North and the Nature Center trail network adjacent to the community. The property is located within the Walden Park subdivision in Cape Girardeau, Missouri.
Shared amenities include a community pool, clubhouse, and 24-hour fitness center. Residents also have direct access to the Cape Girardeau City walking trail system, with Cape Girardeau County Park North and the Nature Center trail network adjacent to the community. The property is located within the Walden Park subdivision in Cape Girardeau, Missouri.
Key Highlights
- Spacious 2‑bedroom, 2‑bathroom residences with approximately 1,000 SF per residence
- Attached private two‑car tandem garage for every unit
- Built approximately 5 years ago with modern construction and finishes
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
$31,790
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
3.68%
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%
$635,800
$635.8K
Cap Rate 7%
$454,143
$454.1K
Cap Rate 9%
$353,222
$353.2K
Market Conditions
NOI Build-Up for 4,316 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
$62.2K $14.40/SF
− Vacancy
−$4.4K −$1.01/SF
EGI
$57.8K $13.39/SF
− OpEx
−$26.0K −$6.03/SF
NOI
$31.8K $7.37/SF
Area
Cape Girardeau County, MO
Vacancy
7.00%
Lease Rate
$14.40 /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%
$635,800
Cap Rate 7%
$454,143
Cap Rate 9%
$353,222
Alternative Uses
Best Use
Apartment 5plus
$454.1K
$397.4K – $529.8K
NOI $31,790 @ 7.0% cap · market cap 3.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.36M
$1.19M – $1.59M
NOI $95,313 @ 7.0% cap · market cap 11.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
218
Businesses Nearby
Explore this area
Business Placement
Demographics for 63701, MO
39,246
Population
17,834
Households
2.2
Avg Household Size
35
Median Age
39%
College-Educated
94%
High-School Grad
132.7 sq mi
ZIP Area
296
Density / Sq Mi
$67,904
Median Household Income
$32,655
Median Earnings
$863
Median Rent
$209,600
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?
Multifamily property - Townhome residences feature private entrances, modern finishes, attached garages, and access to shared recreational amenities.
Where is this multifamily property located?
The property is located at 2035 Walden Pond Way Cape Girardeau, MO.
What is the asking price?
The asking price for this property is $865,000.
What are key features of this property?
This property features: Spacious 2‑bedroom, 2‑bathroom residences with approximately 1,000 SF per residence; Attached private two‑car tandem garage for every unit; Built approximately 5 years ago with modern construction and finishes
