New-Build Four-Unit
For Sale
$599,000
235 Cedar Circle, Jackson, MO 63755
Four-unit income property with modern finishes, private laundry rooms, stainless steel appliances, and durable vinyl flooring.
Property Size2,304 SF
Price / SF$259.98
Days on Market41
Property Features for 235 Cedar Circle
General Information
Standard status
Active
Size
2,304 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
4
Amenities
laundry room
Building Details
Year Built
2026
Listing Agency:
Midwest Real Estate
(573) 240-8429
Listed By:
Think Team Dillick
(573) 240-8429
Source:
Thinkteamdillick
Added: Jul 20
Changed: Aug 29
Last Checked: Aug 29 at 6:05PM
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 Midwest Real Estate
Investment Insights
Based on property information with market context.
Completed in 2026, this four-unit quadplex combines contemporary finishes with practical residential layouts. Each residence includes 1.5 bathrooms, a dedicated laundry room, white cabinetry, stainless steel appliances, and vinyl flooring throughout. The design emphasizes straightforward upkeep and consistent features across the property.
The property is located at 235 Cedar Circle in Jackson, Missouri. Its four-unit configuration provides a compact multifamily format with standardized interiors and functional amenities suited to residential occupancy.
The property is located at 235 Cedar Circle in Jackson, Missouri. Its four-unit configuration provides a compact multifamily format with standardized interiors and functional amenities suited to residential occupancy.
Key Highlights
- Four‑unit quadplex completed in 2026
- Each unit includes 1.5 bathrooms and a laundry room
- White cabinets and stainless steel appliances in every unit
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
$18,428
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
3.08%
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%
$368,560
$368.6K
Cap Rate 7%
$263,257
$263.3K
Cap Rate 9%
$204,756
$204.8K
Market Conditions
NOI Build-Up for 2,304 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
$28.2K $12.24/SF
− Vacancy
−$1.9K −$0.81/SF
EGI
$26.3K $11.43/SF
− OpEx
−$7.9K −$3.43/SF
NOI
$18.4K $8.00/SF
Area
Cape Girardeau County, MO
Vacancy
6.65%
Lease Rate
$12.24 /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%
$368,560
Cap Rate 7%
$263,257
Cap Rate 9%
$204,756
Alternative Uses
Best Use
Multifamily LT 5
$263.3K
$230.4K – $307.1K
NOI $18,428 @ 7.0% cap · market cap 3.08%
Second Best
Apartment 5plus
$242.4K
$212.1K – $282.8K
NOI $16,970 @ 7.0% cap · market cap 2.83%
Theoretical Best
Office A
$726.9K
$636.0K – $848.0K
NOI $50,881 @ 7.0% cap · market cap 8.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
11
Businesses Nearby
Explore this area
Business Placement
Demographics for 63755, MO
27,496
Population
10,867
Households
2.5
Avg Household Size
39
Median Age
35%
College-Educated
95%
High-School Grad
177.1 sq mi
ZIP Area
155
Density / Sq Mi
$82,841
Median Household Income
$41,876
Median Earnings
$977
Median Rent
$233,400
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 - Four-unit income property with modern finishes, private laundry rooms, stainless steel appliances, and durable vinyl flooring.
Where is this quadplex located?
The property is located at 235 Cedar Circle Jackson, MO.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Four‑unit quadplex completed in 2026; Each unit includes 1.5 bathrooms and a laundry room; White cabinets and stainless steel appliances in every unit
