Brick-and-Vinyl Duplex with
For Sale
$499,000
654/656 Pine Ridge Street, Marshfield, MO 65706
Two separate living areas include accessible features, finished basement space, storage, and outdoor amenities.
Property Size4,686 SF
Days on Market99
Property Features for 654/656 Pine Ridge Street
General Information
Standard status
Active
Size
4,686 SF
Property subtype
Residential Income
Zoning
Residential
Taxes and HOA fees
Annual Taxes
$3,729
Building Details
Building Size
4,686 SF
Year Built
1996
Units
2
Listing Agency:
Gault & Co. Realty, LLC
(417) 689-2700
Listed By:
Judith A Gault
(417) 689-2700
Source:
Shannon-associates
Added: May 18
Changed: Aug 21
Last Checked: Aug 23 at 12:00PM
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 Gault & Co. Realty, LLC
Investment Insights
Based on property information with market context.
This residential duplex combines two distinct living spaces within a brick-and-vinyl patio home design. The first residence offers 2 bedrooms, 2 bathrooms, single-level living, more than 1,500 square feet, a balcony accessed through French doors, and substantial storage. The second residence provides 3 bedrooms, 3 bathrooms, more than 3,000 SF, a finished basement, fireplaces on both levels, an accessible entrance, and a chair lift on the stairs. Basement amenities include a built-in bar, seating, sink, and storage.
Outdoor improvements include a large deck, privacy-fenced yard, storage building with a garage door, and a 16' x 32' above-ground salt water pool with surrounding wood decking. The roof was replaced in 2024. An adjacent lot is included and identified for another home or duplex. The property is zoned Residential and is near shopping, restaurants, churches, and interstate access in Marshfield.
Outdoor improvements include a large deck, privacy-fenced yard, storage building with a garage door, and a 16' x 32' above-ground salt water pool with surrounding wood decking. The roof was replaced in 2024. An adjacent lot is included and identified for another home or duplex. The property is zoned Residential and is near shopping, restaurants, churches, and interstate access in Marshfield.
Key Highlights
- Two separate residences with 2 bedrooms/2 bathrooms and 3 bedrooms/3 bathrooms
- First unit offers more than 1,500 square feet of single‑level living
- Second unit exceeds 3,000 SF and includes a finished basement
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
$42,474
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
8.51%
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%
$849,480
$849.5K
Cap Rate 7%
$606,771
$606.8K
Cap Rate 9%
$471,933
$471.9K
Market Conditions
NOI Build-Up for 4,686 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
$64.7K $13.80/SF
− Vacancy
−$4.0K −$0.85/SF
EGI
$60.7K $12.95/SF
− OpEx
−$18.2K −$3.88/SF
NOI
$42.5K $9.06/SF
Area
Webster County, MO
Vacancy
6.17%
Lease Rate
$13.80 /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%
$849,480
Cap Rate 7%
$606,771
Cap Rate 9%
$471,933
Alternative Uses
Best Use
Multifamily LT 5
$606.8K
$530.9K – $707.9K
NOI $42,474 @ 7.0% cap · market cap 8.51%
Second Best
Apartment 5plus
$541.2K
$473.5K – $631.4K
NOI $37,882 @ 7.0% cap · market cap 7.59%
Theoretical Best
Office A
$707.3K
$618.9K – $825.2K
NOI $49,509 @ 7.0% cap · market cap 9.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
371
Businesses Nearby
Explore this area
Business Placement
Demographics for 65706, MO
15,784
Population
7,070
Households
2.2
Avg Household Size
40
Median Age
21%
College-Educated
91%
High-School Grad
180.0 sq mi
ZIP Area
88
Density / Sq Mi
$76,304
Median Household Income
$40,264
Median Earnings
$780
Median Rent
$234,400
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 separate living areas include accessible features, finished basement space, storage, and outdoor amenities.
Where is this duplex located?
The property is located at 654/656 Pine Ridge Street Marshfield, MO.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Two separate residences with 2 bedrooms/2 bathrooms and 3 bedrooms/3 bathrooms; First unit offers more than 1,500 square feet of single‑level living; Second unit exceeds 3,000 SF and includes a finished basement
