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    Spacious Duplex with Fenced Yard Title is generated by Realmo AI

    7239 N BALES Avenue, Gladstone, MO 64119

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    For Sale
    $249,900

    DUPLEX - Other - Gladstone, MO

    Type:Townhouse
    Property size:
    2,453 SF
    Lot size:
    0.21 Acres
    Price / SF:
    $101/SF
    Added:
    May 9, 2026
    Days on Market:
    13
    Last Refresh:
    May 21 at 5:06 pm

    Property Features for 7239 N BALES Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Townhouse
    Bedrooms
    3
    Bathrooms
    3
    Rooms
    Bedroom 2, Bathroom 3, Bedroom 3, Bathroom 2, Basement, Bedroom 1, Bathroom 1
    Parking features
    Open, Garage
    Window features
    Skylight(s)
    Patio and Porch features
    Patio
    Interior features
    Ceiling Fan(s), Painted Cabinets, Vaulted Ceiling(s)
    Fencing
    Privacy
    Fireplace
    1
    Basement
    Full, Concrete, Finished
    Appliances
    Dishwasher, Disposal, Refrigerator, Gas Range, Water Purifier, Water Softener
    Standard status
    Active
    APN
    14-410-00-03-11.00
    Size
    2,453 SF
    Lot size
    0.21 Acres

    Taxes and HOA fees

    Tax Description
    MEADOWBROOK MANOR NORTH BEG WLY COR LT 31, NE142.71, E50, S77, SW130, NW17 TO POB
    Tax Annual Amount
    2057

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Cooling system
    Electric
    Water source
    Public

    Building Details

    Year built
    1973
    Flooring type
    Wood, Carpet
    Building materials
    Stone Veneer, Vinyl Siding
    Roof type
    Composition
    Architectural style
    Other

    We can help!

    Listing Contact
    Sandi Schmude

    Listing agent Sandi Schmude

    Listing office RE/MAX Innovations 3200 NE 83rd St, Kansas City, MO

    Listing date May 9, 2026

    MLS# 2619202 Listing URL

    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.

    HighLights

    • Move‑in ready half duplex with generous living space and an open floor plan.
    • Large, fully fenced yard ideal for kids, pets, outdoor activities, and entertaining.
    • Located in a quiet, tree‑lined neighborhood within walking distance to Happy Rock Park.
    • Seller offering flooring allowance, allowing buyer to customize carpet and flooring.
    • Features vaulted ceilings and three roomy bedrooms.
    • Includes desirable appliances: dishwasher, disposal, refrigerator, gas range, water purifier, and water softener.

    Overview

    This large 2-story half duplex offers generous living space with vaulted ceilings, three roomy bedrooms, and an open floor plan. The property is move-in ready and suited for residential income or single family use. A fully fenced yard provides space for outdoor activities. Located in a quiet, tree-lined neighborhood, the home is situated minutes from major streets. Happy Rock Park is within walking distance. The seller planned to install new carpet and flooring but decided instead to offer an allowance, so the new owner can choose their own colors and style. The lot size is 0.2065 acres and the property size is 2453 square feet. The property is located in Gladstone, MO, in Clay County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Map

    City
    Gladstone
    County
    Clay
    State
    Missouri
    Longitude
    -94.5176
    Latitude
    39.2065

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    FAQs

    What type of property is this?
    Single family property - Move-in ready duplex with large yard in quiet neighborhood.
    Where is this single family property located?
    The property is located at 7239 N BALES Avenue Gladstone, MO.
    What is the asking price?
    The asking price for this property is $249,900.
    What are key features of this property?
    This property features: Move‑in ready half duplex with generous living space and an open floor plan.; Large, fully fenced yard ideal for kids, pets, outdoor activities, and entertaining.; Located in a quiet, tree‑lined neighborhood within walking distance to Happy Rock Park.
    (816) 729-5500
    We can help!
    Listing Contact
    Sandi Schmude
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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