Two-Unit Duplex with
New
For Sale
$409,000
708 Meadow Court, Peculiar, MO 64078
Residential Income, Peculiar, MO
Property Size2,872 SF
Lot Size0.22 Acres
Price / SF$142.41
Days on Market6
Property Features for 708 Meadow Court
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Res
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bathroom 2, Bathroom 4, Bathroom 3
Parking features
Garage
Appliances
Cooktop, Dishwasher, Disposal, Microwave
Subdivision
Westfield
Elementary school
Peculiar
Middle school
Raymore-Peculiar
High school
Raymore-Peculiar
Elementary school district
Raymore-Peculiar
Middle school district
Raymore-Peculiar
High school district
Raymore-Peculiar
Directions
I-49 S to Peculiar Way Turn Right (West) to Peculiar Dr Turn Left (South) to Willow Ln Turn Right (West) to Meadow ct
Standard status
Active
APN
2775636
Lot size
0.22 Acres
Taxes and HOA fees
Tax Description
Westfield Lot 35
Tax Annual Amount
3600
Legal Description
Westfield Lot 35
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Electric
Water source
Public
Amenities
storage shed
Building Details
Year built
2002
Floors in Building
1
Number of units
2
Building materials
Frame, Vinyl Siding
Roof type
Composition
Listing Agency:
homecoin.com
(888) 400-2513
Listed By:
Jonathan Minerick · License #01523060
(404) 388-9441
Added: Sep 29
Changed: Sep 30
Last Checked: Oct 4 at 5:06PM
MLS# 2644259
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.
Built in 2002, this duplex contains two separate residences, each arranged with three bedrooms and two bathrooms. The property totals approximately 2,872 square feet on a 0.22-acre lot. Each unit has a one-car garage; shared site features include a driveway and storage shed. One residence has updated flooring. The roof was replaced in March 2020, and two water heaters were installed in 2026.
The property is zoned Res and served by public water and public sewer. Kitchen appliances include a cooktop, dishwasher, disposal, and microwave.
The property is zoned Res and served by public water and public sewer. Kitchen appliances include a cooktop, dishwasher, disposal, and microwave.
Key Highlights
- Two residences, each with 3 bedrooms and 2 bathrooms
- Approximately 2,872 total square feet on a 0.22‑acre lot
- 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
NOI $24,686 @ 7.0% cap · market cap 6.04%
Second Best
Apartment 5plus
$314.1K
$274.8K – $366.5K
NOI $21,987 @ 7.0% cap · market cap 5.38%
Theoretical Best
Office A
$647.5K
$566.6K – $755.5K
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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Open Analytics
Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - Each residence has three bedrooms, two bathrooms, and a dedicated one-car garage.
Where is this duplex located?
The property is located at 708 Meadow Court 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 on a 0.22‑acre lot; One‑car garage for each residence
