Triplex with Modern
For Sale
$538,500
745 Panich Street, Pleasant Hope, MO 65725
Residential Income, Pleasant Hope, MO
Property Size3,510 SF
Lot Size0.38 Acres
Price / SF$153.42
Days on Market53
Property Features for 745 Panich Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Zoning
R-4
Bedrooms
9
Rooms
Bedroom 3, Bedroom 5, Bedroom 8, Bedroom 2, Bedroom 7, Bedroom 6, Bedroom 1, Bedroom 4, Bedroom 9
Interior features
Apply To All Units, Washer/Dryer Hookup, Utility Room
Appliances
Range, Dishwasher, Microwave
Subdivision
Pleasant Valley Ac
Elementary school
Pleasant Hope
Middle school
Pleasant Hope
High school
Pleasant Hope
Directions
At intersection of H Hwy and 215, go west, Right on Pirate Lane, Right on Panich Street, property is 2nd property on the left
Standard status
Active
APN
89-16-0.9-31-001-002-010.040
Size
3,510 SF
Lot size
0.38 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3137
Utilities
Utilities
Electricity Available
Sewer type
Public Sewer
Heating system
Central, Forced Air
Cooling system
Ceiling Fan(s), Central Air
Building Details
Year built
2025
Number of units
3
Building materials
Metal, Frame
Listing Agency:
Realty ONE Group Grand
(417) 881-5888
Listed By:
Ashley I. Lampe-Beckham · License #2021013586
(417) 616-9608
Added: Jul 23
Changed: Sep 13
Last Checked: Sep 13 at 6:06PM
MLS# 60329509
Copyright © 2026 Southern Missouri Regional MLS, LLC (SOMO). 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.
This 2025 triplex contains three units totaling 3,510 square feet. Each residence offers three bedrooms, two full baths, an open-concept layout, and modern finishes. Unit features include a utility room, washer/dryer hookups, range, dishwasher, microwave, central air, ceiling fans, and forced-air heating. Metal and frame construction is paired with a one-year builder warranty.
The property occupies 0.38 acres at 745 Panich Street in Pleasant Hope, Missouri, with R-4 zoning, electricity available, and public sewer service. All three units are fully leased. The property reports an 8.12% CAP rate for cash buyers.
The property occupies 0.38 acres at 745 Panich Street in Pleasant Hope, Missouri, with R-4 zoning, electricity available, and public sewer service. All three units are fully leased. The property reports an 8.12% CAP rate for cash buyers.
Key Highlights
- Three‑unit triplex with 3,510 square feet of total property size
- Each unit includes 3 bedrooms and 2 full baths
- All units are fully leased
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
$29,410
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
5.46%
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%
$588,200
$588.2K
Cap Rate 7%
$420,143
$420.1K
Cap Rate 9%
$326,778
$326.8K
Market Conditions
NOI Build-Up for 3,510 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
$44.2K $12.60/SF
− Vacancy
−$2.2K −$0.63/SF
EGI
$42.0K $11.97/SF
− OpEx
−$12.6K −$3.59/SF
NOI
$29.4K $8.38/SF
Area
Greene County, MO
Vacancy
5.00%
Lease Rate
$12.60 /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%
$588,200
Cap Rate 7%
$420,143
Cap Rate 9%
$326,778
Alternative Uses
Best Use
Multifamily LT 5
$420.1K
$367.6K – $490.2K
NOI $29,410 @ 7.0% cap · market cap 5.46%
Second Best
Apartment 5plus
$390.8K
$341.9K – $455.9K
NOI $27,354 @ 7.0% cap · market cap 5.08%
Theoretical Best
Office A
$1.15M
$1.01M – $1.34M
NOI $80,618 @ 7.0% cap · market cap 14.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
78
Businesses Nearby
Explore this area
Business Placement
Demographics for 65725, MO
2,441
Population
994
Households
2.5
Avg Household Size
42
Median Age
17%
College-Educated
94%
High-School Grad
31.3 sq mi
ZIP Area
78
Density / Sq Mi
$81,484
Median Household Income
$51,023
Median Earnings
$845
Median Rent
$185,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three fully leased units feature open-concept interiors, full baths, kitchen appliances, and washer/dryer hookups.
Where is this triplex located?
The property is located at 745 Panich Street Pleasant Hope, MO.
What is the asking price?
The asking price for this property is $538,500.
What are key features of this property?
This property features: Three‑unit triplex with 3,510 square feet of total property size; Each unit includes 3 bedrooms and 2 full baths; All units are fully leased
