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    Duplex With Owner-Occupant Potential Title is generated by Realmo AI

    500 Oak Leaf Lane, Mokane, MO 65059

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    Claim this Listing
    New
    For Sale
    $233,000

    MULTI_FAMILY - Mokane, MO

    Property size:
    1,768 SF
    Lot size:
    0.38 Acres
    Price / SF:
    $131/SF
    Added:
    May 29, 2026
    Days on Market:
    6
    Last Refresh:
    Jun 3 at 6:06 pm

    Property Features for 500 Oak Leaf Lane

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R-1
    Bedrooms
    4
    Bathrooms
    2
    Rooms
    Bedroom 4, Bathroom 2, Bedroom 1, Bedroom 3, Bathroom 1, Bedroom 2
    Patio and Porch features
    Porch
    Interior features
    Ceiling Fan(s)
    Exterior features
    Large Trees
    Fencing
    Fenced
    Appliances
    Oven, Refrigerator, Dishwasher
    Standard status
    Active
    Size
    1,768 SF
    Lot size
    0.38 Acres

    Taxes and HOA fees

    Tax Description
    Parcel 23-06.0-13.0-10-001.-001.000
    Tax Annual Amount
    1043

    Utilities

    Heating system
    Forced Air, Electric (Heating)
    Cooling system
    Multi Units, Central Air

    Building Details

    Year built
    2003
    Floors in Building
    1
    Number of units
    2
    Building materials
    Vinyl Siding
    Roof type
    Shingle

    We can help!

    Listing Contact
    Gabriel Andrew Craighead

    Listing agent Gabriel Andrew Craighead

    Listing office COLDWELL BANKER NEIGHBORS 1004 Bluff Street, Fulton, MO

    Listing date May 29, 2026

    MLS# 132357

    Copyright © 2026 Heart of Missouri Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Duplex built in 2003 with 2 units, each featuring 2 bedrooms and 1 bathroom
    • Occupied unit rents for $900 per month; second unit is vacant
    • Recent improvements include a newer roof (2022) and an updated HVAC system
    • Central air plus forced‑air/electric heating; ceiling fans included
    • Vinyl siding exterior with fenced yard and a porch
    • Appliances included: oven, refrigerator, and dishwasher

    Overview

    This well-maintained duplex presents a straightforward income setup with strong owner-occupant potential. Each unit features two bedrooms and one bathroom, with spacious living areas and updated kitchens. The property has seen recent improvements including a newer roof installed in 2022 and an updated HVAC system. One unit is currently occupied at $900 per month, while the second unit is vacant and can be shown more flexibly.

    The duplex is located in the South Callaway School District, providing convenient access to local schools. The listing also notes easy access to Jefferson City and Fulton, which can be appealing for tenants and buyers looking for a practical commute.

    From an investment standpoint, the mix of an occupied unit plus a vacant unit provides an opportunity to stabilize income while planning future leasing. For an owner-occupant, the current vacancy can support a plan to live in one unit while collecting rent from the occupied side. With recent roof and HVAC improvements, this property is positioned as a relatively low-maintenance option for qualified buyers. Showings are scheduled through Showing Time, with the vacant side available to show anytime and the occupied side requiring 24 hours’ notice.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Auto Repair Shop Bar & Pub Bakery Nursing Home

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

    Location Insight

    • Map
    • Local Demand
    City
    Mokane
    County
    Callaway
    State
    Missouri
    Longitude
    -91.876857
    Latitude
    38.676883

    FAQs

    What type of property is this?
    Duplex - Well-maintained duplex with updated kitchens, newer roof, and HVAC—suited for investors or owner-occupants.
    Where is this duplex located?
    The property is located at 500 Oak Leaf Lane Mokane, MO.
    What is the asking price?
    The asking price for this property is $233,000.
    What are key features of this property?
    This property features: Duplex built in 2003 with 2 units, each featuring 2 bedrooms and 1 bathroom; Occupied unit rents for $900 per month; second unit is vacant; Recent improvements include a newer roof (2022) and an updated HVAC system
    (573) 592-9238
    We can help!
    Listing Contact
    Gabriel Andrew Craighead
    Request Owner's contact information
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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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