Building Details

Year Built 2002

Buildings 1

Listing Agency: Lynch Real Estate Show Phone

Listed By: Ask Cathy Show Phone

Source: Askcathy

Added: Sep 30 Changed: Oct 3 Last Checked: Oct 4 at 9:43AM

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Investment Insights

Based on property information with market context.

Built in 2002, this duplex contains two separate residences with 3 bedrooms and 2 bathrooms apiece, totaling approximately 2,872 square feet. Each unit has an open-concept living area and a one-car garage. One side has updated flooring.

Property improvements include a roof installed in March 2020 and two water heaters added in 2026. The site also includes a storage shed, a large driveway and outdoor space. The property is on a cul-de-sac, with access to Peculiar, Raymore, Belton and the greater Kansas City area.

Key Highlights

• Two residences, each with 3 bedrooms and 2 bathrooms
• Approximately 2,872 total square feet
• One‑car garage for each residence

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

$24,686

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

6.04%

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%

$493,720 $493.7K

Cap Rate 7%

$352,657 $352.7K

Cap Rate 9%

$274,289 $274.3K

Market Conditions

NOI Build-Up for 2,872 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

$35.8K $12.48/SF

− Vacancy

−$577 −$0.20/SF

EGI

$35.3K $12.28/SF

− OpEx

−$10.6K −$3.68/SF

NOI

$24.7K $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%

$493,720

Cap Rate 7%

$352,657

Cap Rate 9%

$274,289

Alternative Uses

Best Use

Multifamily LT 5

$352.7K

$308.6K – $411.4K (±1% cap)

NOI $24,686 @ 7.0% cap · market cap 6.04%

Second Best

Apartment 5plus

$314.1K

$274.8K – $366.5K (±1% cap)

NOI $21,987 @ 7.0% cap · market cap 5.38%

Theoretical Best

Office A

$647.5K

$566.6K – $755.5K (±1% cap)

NOI $45,327 @ 7.0% cap · market cap 11.08%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Law Firm Building Supply Nail Salon Dental Office Pharmacy Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

256

Businesses Nearby

Explore this area Business Placement

Demographics for 64078, MO

9,886

Population

3,864

Households

2.6

Avg Household Size

40

Median Age

27%

College-Educated

93%

High-School Grad

53.3 sq mi

ZIP Area

185

Density / Sq Mi

$98,369

Median Household Income

$42,935

Median Earnings

$1,180

Median Rent

$283,700

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

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What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Duplex - Each residence has an open-concept living area and its own one-car garage.

Where is this duplex located?

The property is located at 708 Meadow Ct Peculiar, MO.

What is the asking price?

The asking price for this property is $409,000.

What are key features of this property?

This property features: Two residences, each with 3 bedrooms and 2 bathrooms; Approximately 2,872 total square feet; One‑car garage for each residence