Three-Bedroom Half
For Sale
$219,900
32 E 7th Street, Adrian, MO 64720
Planned single-level residence with granite kitchen counters, a mudroom, and a primary suite with extensive storage.
Property Size1,255 SF
Days on Market202
Property Features for 32 E 7th Street
General Information
Standard status
Active
Size
1,255 SF
Property subtype
Duplex
Additional Details
Multifamily Units
1
Amenities
Electric
Heat Pump
Composition
Building Details
Building Size
1,255 SF
Stories
1
Listing Agency:
Keller Williams Southland
(816) 210-6425
Listed By:
Caitlyn Lacy · License #2021036396
(660) 351-4306
Source:
Kw
Added: Feb 10
Changed: Aug 30
Last Checked: Aug 30 at 11:31PM
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 Keller Williams Southland
Investment Insights
Based on property information with market context.
This planned half duplex is configured as a single-level residence with three bedrooms and two bathrooms. Construction has not begun. The kitchen is specified with granite countertops, while the entry from the garage includes a mudroom area for everyday storage. Interior features also include electric service and a heat pump, with a composition exterior.
The primary bedroom is designed with a walk-in closet and a private bathroom featuring a double vanity, cabinet storage, and an Onyx shower. Additional storage and contemporary finishes are incorporated throughout the residence.
The primary bedroom is designed with a walk-in closet and a private bathroom featuring a double vanity, cabinet storage, and an Onyx shower. Additional storage and contemporary finishes are incorporated throughout the residence.
Key Highlights
- Three‑bedroom, two‑bath half duplex
- Single‑level layout with construction not yet started
- Kitchen planned with granite countertops
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
$13,166
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
5.99%
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%
$263,320
$263.3K
Cap Rate 7%
$188,086
$188.1K
Cap Rate 9%
$146,289
$146.3K
Market Conditions
NOI Build-Up for 1,255 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
$25.6K $20.40/SF
− Vacancy
−$1.7K −$1.33/SF
EGI
$23.9K $19.07/SF
− OpEx
−$10.8K −$8.58/SF
NOI
$13.2K $10.49/SF
Area
Bates County, MO
Vacancy
6.50%
Lease Rate
$20.40 /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%
$263,320
Cap Rate 7%
$188,086
Cap Rate 9%
$146,289
Alternative Uses
Best Use
Apartment 5plus
$188.1K
$164.6K – $219.4K
NOI $13,166 @ 7.0% cap · market cap 5.99%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$277.3K
$242.6K – $323.5K
NOI $19,411 @ 7.0% cap · market cap 8.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
156
Businesses Nearby
Explore this area
Business Placement
Demographics for 64720, MO
3,869
Population
1,735
Households
2.2
Avg Household Size
43
Median Age
12%
College-Educated
91%
High-School Grad
132.8 sq mi
ZIP Area
29
Density / Sq Mi
$72,619
Median Household Income
$39,219
Median Earnings
$754
Median Rent
$163,100
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Planned single-level residence with granite kitchen counters, a mudroom, and a primary suite with extensive storage.
Where is this residential income property located?
The property is located at 32 E 7th Street Adrian, MO.
What is the asking price?
The asking price for this property is $219,900.
What are key features of this property?
This property features: Three‑bedroom, two‑bath half duplex; Single‑level layout with construction not yet started; Kitchen planned with granite countertops
