Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    309 E Culton Street Warrensburg, MO 64093

    View on Map
    Claim this Listing
    New
    For Sale
    $99,900

    MULTI_FAMILY - Warrensburg, MO

    Lot size:
    0.14 Acres
    Added:
    Apr 28, 2026
    Days on Market:
    3
    Last Refresh:
    Apr 30 at 12:06 am

    Property Features for 309 E Culton Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R2
    Rooms
    Basement
    Parking features
    On Street
    Standard status
    Active
    APN
    12-60-24-04-007-0016.00
    Lot size
    0.14 Acres

    Taxes and HOA fees

    Tax Description
    STONES ADD^LT 006 40X150FT E PT LT ^
    Tax Annual Amount
    1049

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    1925
    Floors in Building
    2
    Number of units
    2
    Building materials
    Frame
    Roof type
    Composition

    We can help!

    Listing Contact
    TimRay Team

    Listing agent TimRay Team

    Listing office HomeSmart Legacy 12022 Blue Valley Parkway, Overland Park, MO

    Listing date Apr 28, 2026

    MLS# 2616959 Listing URL

    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.

    Overview

    Duplex Near University and Downtown

    This property, originally a single-family home, has been converted into a duplex. It is located between the University of Central Missouri and Downtown Warrensburg. The lot size is 0.14 acres. The property is zoned R2 and offers generous room sizes.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Warrensburg
    County
    Johnson
    State
    Missouri
    Longitude
    -93.7347701
    Latitude
    38.7636728

    Nearby Similar for Sale

    • $2,000,000

      Restaurant Property in High-Traffic Area

      Turnkey restaurant with drive-thru, patio, and ample parking.
      335 E Russell, Warrensburg, MO 64093
      View Details
    • $1,300,000

      Turnkey Live/Work Opportunity in Warrensburg

      Profitable kennel, luxury log cabin, and expansion potential on 3.6 acres.
      1604 E Hale Lake Road, Warrensburg, MO 64093
      View Details
    • $313,900
      3,002 SF

      Spacious Duplex in Warrensburg, MO

      Move-in ready duplex with modern amenities and investment potential.
      1803 Villa Drive, Warrensburg, MO 64093
      View Details
    • $349,000

      Modern Duplex in Warrensburg, MO

      Well-maintained, newer construction duplex with strong rental potential.
      133 N Water Street, Warrensburg, MO 64093
      View Details
    • $1,695,000

      Warrensburg Multifamily Investment Opportunity

      28-unit complex near Central Missouri University with upgrades and high occupancy.
      241 SE Missouri 13, Warrensburg, MO 64093
      View Details
    • $1,225,000
      7,169 SF

      Spacious Commercial Property in Warrensburg

      Versatile commercial space suitable for retail, office, or restaurant.
      703 E Young Avenue, Warrensburg, MO 64093
      View Details
    • $2,000,000

      Turnkey Restaurant in High-Traffic Area

      Restaurant property with drive-thru, patio, and ample parking.
      335 E Russell, Warrensburg, MO 64093
      View Details
    • $1,200,000
      21,900 SF

      Leased Retail Investment Opportunity

      100% leased retail property near University of Central Missouri.
      1034 S Maguire St, Warrensburg, MO
      View Details
    • $315,900

      New Duplex Near UCM

      New duplex near UCM and Whiteman AFB, immediate income.
      717 E Culton Street, Warrensburg, MO 64093
      View Details
    • $280,000

      Warrensburg Mobile Home Park Investment

      Mobile home park with high occupancy and long-term tenants.
      317 E Hale Lake Road, Warrensburg, MO 64093
      View Details
    • $3,444
      3,444 SF

      test

      Grover Street 252, Warrensburg, MO 64093
      View Details
    • $3,250,000

      Warrensburg Multifamily Investment Opportunity

      Multifamily property for sale in Warrensburg, Missouri.
      1106 S Mitchell St, Warrensburg, MO 64093
      View Details

    FAQs

    What type of property is this?
    Duplex - Duplex near University of Central Missouri and Downtown Warrensburg.
    Where is this duplex located?
    The property is located at 309 E Culton Street Warrensburg, MO.
    What is the asking price?
    The asking price for this property is $99,900.
    What are key features of this property?
    This property features: Converted duplex offers options for investors, renovators, and homebuyers; Prime location between the University of Central Missouri and Downtown Warrensburg; Generous room sizes
    (913) 274-1041
    We can help!
    Listing Contact
    TimRay Team
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!