Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    304 W Meadow Avenue Crane, MO 65633

    View on Map
    Claim this Listing
    Picture of Apartment buildings at 304 W Meadow Avenue, Crane, MO
    For Sale
    $500,000

    MULTI_FAMILY - Crane, MO

    Property size:
    11,969 SF
    Price / SF:
    $41/SF
    Added:
    Apr 1, 2026
    Days on Market:
    37
    Last Refresh:
    May 7 at 5:06 am

    Property Features for 304 W Meadow Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    6
    Rooms
    Bedroom 3, Bedroom 2, Bedroom 5, Bedroom 6, Bedroom 4, Bedroom 1
    Parking features
    On Street
    Standard status
    Active
    APN
    04-2.0-04-002-035-001.000
    Size
    11,969 SF

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    1401

    Utilities

    Utilities
    Electricity Available
    Sewer type
    Public Sewer
    Cooling system
    Window Unit(s)

    Building Details

    Year built
    1940
    Number of units
    13
    Building materials
    Block, Stucco

    We can help!

    Listing Contact
    Bryn Kaup

    Listing agent Bryn Kaup

    Listing office Charles Burt Realtors MO

    Listing date Apr 1, 2026

    MLS# 60319871 Listing URL

    Copyright © 2026 Southern Missouri Regional MLS, LLC (SOMO). All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • High cap rate for fast sale
    • Package includes multiple rental properties (apartments and houses)
    • Five apartments have been remodeled
    • Fully rented out
    • Potential to increase rent on three efficiency apartments with updates
    • Construction materials: Block and Stucco

    Overview

    Fully Rented Apartment Buildings

    The property features eight apartments situated within three distinct buildings, all of which are currently occupied by tenants. Recent renovations have been completed in five of the apartment units. The remaining three efficiency apartments present an opportunity for increased rental income through modernization and upgrades. The property is located in Crane, Missouri.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Crane
    County
    Stone
    State
    Missouri
    Longitude
    -93.574422
    Latitude
    36.905327

    Nearby Similar for Sale

    • $4,500,000

      Ozarks Land with Golf Course

      400+ acres with James River frontage and golf course.
      1211 Cox Ford Road, Crane, MO 65633
      View Details
    • $4,500,000

      Ozarks Land with Golf Course

      400+ acres with golf course, James River frontage.
      1211 Cox Ford Road, Crane, MO 65633
      View Details
    • $300,000
      2,500 SF

      Monett Office Building Investment

      2,500 SF office building in Monett, Missouri.
      1515 E Cleveland Ave, Crane, MO
      View Details
    • $199,900
      30,429 SF

      Industrial Property with 30,429 SqFt

      Industrial property available for sale, featuring 30,429 square feet.
      504 Airport Rd, Crane, MO 65633
      View Details

    FAQs

    What type of property is this?
    Apartment building - Eight apartments in three buildings, fully rented in Crane.
    Where is this apartment building located?
    The property is located at 304 W Meadow Avenue Crane, MO.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: High cap rate for fast sale; Package includes multiple rental properties (apartments and houses); Five apartments have been remodeled
    (417) 389-2213
    We can help!
    Listing Contact
    Bryn Kaup
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    304 W Meadow Avenue, Crane, MO 65633
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!