501 Pine Drive, Odessa, MO 64076
Street of 30 new townhomes offers in-unit laundry and attached garages with separate metering for streamlined utility management.
- Added:
- Jun 3, 2026
- Days on Market:
- 6
- Last Refresh:
- Jun 6 at 4:17 am
Property Features for 501 Pine Drive
General Information
- Standard status
- Active
- Size
- 43,050 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2025
Listing agent Michelle Lutz License #00239672
Listing office Lutz Sales + Investments
Listing date Jun 3, 2026
Source Crexi
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 Lutz Sales + Investments
HighLights
- Street of 30 brand‑new 3 bed/2.5 bath, 2‑story townhome units built in 2025
- Unit mix: 6 fourplexes and 2 triplexes within the 30‑unit portfolio
- High‑end interiors include stainless steel appliances, granite countertops, and LVP flooring throughout
- Each unit has in‑unit washer/dryer and an attached 1‑car garage with additional driveway parking
- All‑electric construction with separately metered utilities for everything, including water and trash
- No HOA; fourplex and triplex buildings are individually parceled, with third‑party property management in place
Overview
The buildings are individually parceled. The seller also owns adjacent lots that are available for potential future acquisition, providing flexibility for expansion over time. The community is presented as having no HOA.
For buyers and operators seeking a turnkey residential income property, Pine Creek is designed for straightforward management and tenant utility billing, supported by separately metered services across the units. With a third-party property management company currently in place and open to continuing if needed, ownership can be structured for day-to-day ease. The portfolio’s new construction provides an opportunity to acquire a fully modern rental housing asset with defined unit features and contemporary interior finishes throughout the townhome buildings.
Local Financial Insights For Apartment 5plus
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 | $878.2k | $20.40 |
| − Vacancy | −$57.1k | −$1.33 |
| EGI | $821.1k | $19.07 |
| − OpEx | −$369.5k | −$8.58 |
| NOI | $451.6k | $10.49 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Odessa
- County
- Lafayette
- State
- Missouri
- Longitude
- -93.9522
- Latitude
- 38.9828
