32-Unit Multifamily Investment
3601 Westwind Dr, Ozark, MO 65721
Multifamily apartment building with development potential in Ozark, Missouri.
Type:Multifamily
Property size:
33,600 SFLot size:
9.90 AcresPrice / SF:
$98/SF- Added:
- Mar 5, 2026
- Days on Market:
- 73
- Last Refresh:
- Apr 6 at 12:18 am
Property Features for 3601 Westwind Dr
General Information
- Standard status
- Active
- Size
- 33,600 SF
- Lot size
- 9.90 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1987
Listing agent Lee McLean III, SIOR, CCIM (417) 887-8826
Listing office SVN | Rankin Company, LLC (417) 887-8826
Listing date Mar 5, 2026
Source Svn
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 SVN | Rankin Company, LLC
HighLights
- Value‑add opportunity on approximately 5 acres of excess land.
- Each of the 32 units includes a private garage.
- Large 2 bedroom, 1 bathroom units, each with 1,050 SF.
- Located on a large 9.9‑acre lot.
- Existing 6.00% cap rate with potential to increase to 6.5%.
- Convenient location near highways (State Highway CC and Highway 65) and local amenities.
Overview
This 32-unit multifamily apartment building, known as Cedar Hills Apartments, is available for sale in Ozark, Missouri. Constructed in 1995, the property is situated on a 9.9-acre tract, with approximately 5 acres available for additional development. Each unit features 1,050 square feet of living space, with two bedrooms and one bathroom, and includes a private garage. The building totals approximately 33,600 square feet. The current occupancy rate is 77.4%. This property presents a value-add opportunity through further development or increased revenues. The property is located off Westwind Drive near the intersection of Fremont Road, four minutes from State Highway CC and five minutes from Highway 65. Nearby are local and national retailers such as 4 by 4 Brewing Company, Casey's, Southern Bank, Ozark West Elementary, and Sonrise Baptist Church.
Financial Insights
Value Estimation Calculated for Apartment 5plus
Conservative
$3.02M
NOI $271,623 @ 9.00% cap · cautious / downside scenario
Moderate
$3.88M
NOI $271,623 @ 7.00% cap · market / base-case scenario
Aggressive
$5.43M
NOI $271,623 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- 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.
Calculated for Apartment 5plus
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $528.2k | $15.72 |
| − Vacancy | −$34.3k | −$1.02 |
| EGI | $493.9k | $14.70 |
| − OpEx | −$222.2k | −$6.61 |
| NOI | $271.6k | $8.08 |
33,600 SF · lease $15.72/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Use Scenarios
Best Use
Apartment 5plus
$3.88M
$3.40M – $4.53M
NOI $271,623 @ 7.0% cap · market cap 8.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.07M
$4.44M – $5.92M
NOI $354,993 @ 7.0% cap · market cap 10.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Ozark
- County
- Christian
- State
- Missouri
- Longitude
- -93.252227
- Latitude
- 37.082438
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Multifamily apartment building with development potential in Ozark, Missouri.
Where is this apartment building located?
The property is located at 3601 Westwind Dr Ozark, MO.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: Value‑add opportunity on approximately 5 acres of excess land.; Each of the 32 units includes a private garage.; Large 2 bedroom, 1 bathroom units, each with 1,050 SF.
