Updated Four-Bedroom
New
For Sale
$189,900
509 Indian Trail, Belton, MO 64012
Residential, Traditional, Belton, MO
Property Size1,234 SF
Lot Size0.19 Acres
Price / SF$153.89
Days on Market3
Property Features for 509 Indian Trail
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Dining Room, Bedroom 4, Basement, Bathroom 2, Bathroom 1, Bedroom 3, Bedroom 1, Bedroom 2
Parking features
Carport
Basement
Unfinished
Subdivision
Cimarron Trails
Elementary school
Gladden
Middle school
Belton
High school
Belton
Elementary school district
Belton
Middle school district
Belton
High school district
Belton
Directions
58 to Westover, North to Indian, West to property on your left.
Standard status
Active
APN
1401960
Size
1,234 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Description
CIMARRON TRAILS LOT 5 BLK 18
Tax Annual Amount
1374
Legal Description
CIMARRON TRAILS LOT 5 BLK 18
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Attic Fan, Electric
Water source
Public
Amenities
fenced yard
covered deck
Building Details
Year built
1960
Flooring type
Wood
Building materials
Frame, Vinyl Siding
Roof type
Composition
Architectural style
Other
Listing Agency:
Keller Williams Southland · Keller Williams Realty
(816) 331-2323
Listed By:
Darin Jones · License #1999034466
(816) 419-6508
Added: Sep 3
Changed: Sep 5
Last Checked: Sep 5 at 11:06AM
MLS# 2640579
Copyright © 2026 Heartland Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,234-square-foot duplex was built in 1960 and offers four bedrooms and two bathrooms on the main level. The kitchen has been updated with new cabinetry, countertops, flooring, a range, and a dishwasher. Refinished wood floors, thermal windows, and a basement provide additional functional features, while the basement offers room for future expansion. The exterior includes frame construction with vinyl siding, a composition roof, fenced yard, covered deck, and carport.
The property sits on a 0.19-acre lot at 509 Indian Trail in Belton, Missouri. Public water and sewer serve the property. Natural-gas heating, electric cooling, and an attic fan are in place. The roof is 7 years old, and the AC is 3 years old.
The property sits on a 0.19-acre lot at 509 Indian Trail in Belton, Missouri. Public water and sewer serve the property. Natural-gas heating, electric cooling, and an attic fan are in place. The roof is 7 years old, and the AC is 3 years old.
Key Highlights
- 1,234 SF duplex with 4 bedrooms and 2 bathrooms
- Remodeled kitchen with new cabinets, counters, flooring, range, and dishwasher
- Refinished wood floors and thermal windows
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
$10,607
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
5.59%
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%
$212,140
$212.1K
Cap Rate 7%
$151,529
$151.5K
Cap Rate 9%
$117,856
$117.9K
Market Conditions
NOI Build-Up for 1,234 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
$15.4K $12.48/SF
− Vacancy
−$248 −$0.20/SF
EGI
$15.2K $12.28/SF
− OpEx
−$4.5K −$3.68/SF
NOI
$10.6K $8.60/SF
Area
Cass County, MO
Vacancy
1.61%
Lease Rate
$12.48 /SF/Yr
Expense Ratio
30.00%
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%
$212,140
Cap Rate 7%
$151,529
Cap Rate 9%
$117,856
Alternative Uses
Best Use
Multifamily LT 5
$151.5K
$132.6K – $176.8K
NOI $10,607 @ 7.0% cap · market cap 5.59%
Second Best
Apartment 5plus
$135.0K
$118.1K – $157.5K
NOI $9,447 @ 7.0% cap · market cap 4.97%
Theoretical Best
Office A
$278.2K
$243.4K – $324.6K
NOI $19,475 @ 7.0% cap · market cap 10.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
134
Businesses Nearby
Explore this area
Business Placement
Demographics for 64012, MO
28,364
Population
12,722
Households
2.2
Avg Household Size
39
Median Age
27%
College-Educated
93%
High-School Grad
47.2 sq mi
ZIP Area
601
Density / Sq Mi
$71,782
Median Household Income
$43,122
Median Earnings
$1,232
Median Rent
$200,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Remodeled kitchen, refinished wood floors, and a covered deck add practical appeal.
Where is this duplex located?
The property is located at 509 Indian Trail Belton, MO.
What is the asking price?
The asking price for this property is $189,900.
What are key features of this property?
This property features: 1,234 SF duplex with 4 bedrooms and 2 bathrooms; Remodeled kitchen with new cabinets, counters, flooring, range, and dishwasher; Refinished wood floors and thermal windows
