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    Like New Four-Plex Investment Title is generated by Realmo AI

    412 S Court Street, Seymour, MO 65746

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    For Sale
    $500,000

    Four-plex with modern design, stylish finishes, and energy efficiency.

    Type:Multi Family
    Property size:
    4,150 SF
    Price / SF:
    $120/SF
    Added:
    Apr 14, 2025
    Days on Market:
    414
    Last Refresh:
    May 28 at 3:41 pm

    Property Features for 412 S Court Street

    General Information

    Standard status
    Active
    Size
    4,150 SF
    Property subtype
    Multi Family

    Building Details

    Year Built
    2023

    We can help!

    Listing Contact
    Philip Reed

    Listing agent Philip Reed License #2012012793

    Listing office Century Realty, SIQ, Inc.

    Listing date Apr 14, 2025

    Source Exitrealty

    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 Century Realty, SIQ, Inc.

    HighLights

    • Like‑new four‑plex unit built in 2023, offering a modern investment opportunity.
    • Each unit features a spacious 3‑bedroom layout with approximately 1,050 sq ft of living space.
    • Modern design with open living area, kitchen with bar seating, and included appliances.
    • Stylish finishes including luxury vinyl plank flooring, dark gray cabinets, and stainless steel appliances.
    • Energy‑efficient design to reduce utility costs.
    • Covered front patio and ample parking for residents and guests.

    Overview

    This four-plex unit offers an investment opportunity with over 4,000 square feet of living space under one roof. Each of the four units features a spacious layout with 3 bedrooms and approximately 1,050 square feet of living space, along with a full bath. The modern design includes a large open living area and a kitchen equipped with bar seating. All appliances are included. The units are adorned with luxury vinyl plank flooring, dark gray cabinets, and stainless steel appliances. All bedrooms are well-sized, with one featuring a walk-in closet and the other two equipped with large double-door closets. The main bath includes a 4-foot single vanity and a tub/shower combo. A dedicated laundry closet off the kitchen adds to the functionality of each unit. These units are designed to be energy efficient. There is a covered front patio area, along with parking for residents and guests. Each unit features solid wood doors, stained trim, and a neutral paint color. This property is located in Seymour, MO.

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    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.

    Component $ $/SF
    Gross rent $57.3k $13.80
    − Vacancy −$3.5k −$0.85
    EGI $53.7k $12.95
    − OpEx −$16.1k −$3.88
    NOI $37.6k $9.06
    4,150 SF · lease $13.80/SF/yr · vacancy 6.17% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $537.4K
    $470.2K – $626.9K (±1% cap)
    NOI $37,616 @ 7.0% cap · market cap 7.52%
    Second Best
    Apartment 5plus
    $479.3K
    $419.4K – $559.2K (±1% cap)
    NOI $33,549 @ 7.0% cap · market cap 6.71%
    Theoretical Best
    Office A
    $626.4K
    $548.1K – $730.8K (±1% cap)
    NOI $43,846 @ 7.0% cap · market cap 8.77%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Restaurant Real Estate Agency Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Seymour
    County
    Webster
    State
    Missouri
    Longitude
    -92.772607
    Latitude
    37.146644

    Nearby Similar for Sale

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      900 SF

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    • $589,900
      5,000 SF

      Seymour Multifamily Investment Opportunity

      Eight-unit multifamily property with recent construction and high occupancy.
      885 W Thoroughfare Street Unit 1-8, Seymour, MO 65746
      View Details

    FAQs

    What type of property is this?
    Quadplex - Four-plex with modern design, stylish finishes, and energy efficiency.
    Where is this quadplex located?
    The property is located at 412 S Court Street Seymour, 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: Like‑new four‑plex unit built in 2023, offering a modern investment opportunity.; Each unit features a spacious 3‑bedroom layout with approximately 1,050 sq ft of living space.; Modern design with open living area, kitchen with bar seating, and included appliances.
    (417) 531-2391
    We can help!
    Listing Contact
    Philip Reed
    Real Estate License ID: 2012012793
    Learn More
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    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
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