Updated Duplex with Fenced
For Sale
$199,900
5924 NW Creekview Drive, Parkville, MO 64152
Two-unit property with new HVAC, refreshed carpeting, deck, and enclosed outdoor space.
Property Size1,092 SF
Days on Market8
Property Features for 5924 NW Creekview Drive
General Information
Standard status
Active
Size
1,092 SF
Property subtype
Duplex
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$1,454
Amenities
Fully Fenced Yard
Deck
Building Details
Building Size
1,092 SF
Year Built
1972
Stories
2
Listing Agency:
RE/MAX Premier Realty
(913) 652-0400
Listed By:
Drew Page · License #SP00235255
(913) 652-0400
Source:
Community-realty
Added: Aug 24
Changed: Aug 29
Last Checked: Aug 30 at 5:45PM
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 RE/MAX Premier Realty
Investment Insights
Based on property information with market context.
This duplex, built in 1972, offers practical updates and outdoor features for residential occupants. Improvements include a newly installed HVAC system and new carpet throughout. The property also includes a fully fenced yard and a deck, with open space directly behind it.
Located at 5924 NW Creekview Drive in Parkville, the property is within 5 minutes of English Landing Park and is situated in the Park Hill School District. Its cul-de-sac setting adds a residential environment while maintaining convenient access to nearby recreation and community amenities.
Located at 5924 NW Creekview Drive in Parkville, the property is within 5 minutes of English Landing Park and is situated in the Park Hill School District. Its cul-de-sac setting adds a residential environment while maintaining convenient access to nearby recreation and community amenities.
Key Highlights
- Duplex built in 1972
- Newly installed HVAC system
- New carpet throughout
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
$10,759
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
5.38%
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%
$215,180
$215.2K
Cap Rate 7%
$153,700
$153.7K
Cap Rate 9%
$119,544
$119.5K
Market Conditions
NOI Build-Up for 1,092 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
$16.4K $15.00/SF
− Vacancy
−$1.0K −$0.93/SF
EGI
$15.4K $14.07/SF
− OpEx
−$4.6K −$4.22/SF
NOI
$10.8K $9.85/SF
Area
ZIP 64152
Vacancy
6.17%
Lease Rate
$15.00 /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%
$215,180
Cap Rate 7%
$153,700
Cap Rate 9%
$119,544
Alternative Uses
Best Use
Multifamily LT 5
$153.7K
$134.5K – $179.3K
NOI $10,759 @ 7.0% cap · market cap 5.38%
Second Best
Apartment 5plus
$139.6K
$122.1K – $162.9K
NOI $9,771 @ 7.0% cap · market cap 4.89%
Theoretical Best
Warehouse
$815.0K
$713.1K – $950.8K
NOI $57,050 @ 7.0% cap · market cap 28.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
111
Businesses Nearby
Explore this area
Business Placement
Demographics for 64152, MO
29,623
Population
12,525
Households
2.4
Avg Household Size
38
Median Age
51%
College-Educated
97%
High-School Grad
30.9 sq mi
ZIP Area
959
Density / Sq Mi
$110,421
Median Household Income
$51,231
Median Earnings
$1,236
Median Rent
$333,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with new HVAC, refreshed carpeting, deck, and enclosed outdoor space.
Where is this duplex located?
The property is located at 5924 NW Creekview Drive Parkville, MO.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Duplex built in 1972; Newly installed HVAC system; New carpet throughout
