Updated Multifamily
For Sale
$235,000
Pending
756 SE Claremont Ct, Lees Summit, MO 64063
Well-maintained property with refreshed finishes, newer mechanical systems, and a fenced outdoor area near retail and dining.
Property Size1,716 SF
Days on Market33
Property Features for 756 SE Claremont Ct
General Information
Standard status
Pending
Size
1,716 SF
Property subtype
Multi-Family
Additional Details
Highway Access
Yes
Multifamily Units
1
Amenities
fenced yard
deck
Building Details
Year Built
1986
Listing Agency:
Signature Re Brokerage LLC
(660) 238-7525
Listed By:
Turn Key Realty
(816) 903-2226
Source:
Tkrkc
Added: Aug 4
Changed: Sep 4
Last Checked: Sep 4 at 6:00AM
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 Signature Re Brokerage LLC
Investment Insights
Based on property information with market context.
This 1,716-square-foot multifamily property was built in 1986 and presents a well-maintained interior with several practical updates. Improvements include new fixtures, newer HVAC equipment and appliances, and new luxury vinyl plank flooring in the lower-level family room. The property also includes a fenced yard and a recently refreshed deck.
Located in Lee's Summit, the property offers access to the Lee's Summit school district along with nearby restaurants and retail areas. Highway access is also identified as a property advantage, supporting convenient travel throughout the surrounding area.
Located in Lee's Summit, the property offers access to the Lee's Summit school district along with nearby restaurants and retail areas. Highway access is also identified as a property advantage, supporting convenient travel throughout the surrounding area.
Key Highlights
- 1,716 square feet of property size
- Built in 1986
- New fixtures and LVP flooring in the lower‑level family room
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
$16,427
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
6.99%
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%
$328,540
$328.5K
Cap Rate 7%
$234,671
$234.7K
Cap Rate 9%
$182,522
$182.5K
Market Conditions
NOI Build-Up for 1,716 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
$31.5K $18.36/SF
− Vacancy
−$1.6K −$0.95/SF
EGI
$29.9K $17.41/SF
− OpEx
−$13.4K −$7.83/SF
NOI
$16.4K $9.57/SF
Area
Lees Summit, MO
Vacancy
5.20%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
45.00%
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%
$328,540
Cap Rate 7%
$234,671
Cap Rate 9%
$182,522
Alternative Uses
Best Use
Apartment 5plus
$234.7K
$205.3K – $273.8K
NOI $16,427 @ 7.0% cap · market cap 6.99%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$435.5K
$381.1K – $508.1K
NOI $30,486 @ 7.0% cap · market cap 12.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
566
Businesses Nearby
Explore this area
Business Placement
Demographics for 64063, MO
20,965
Population
9,104
Households
2.3
Avg Household Size
36
Median Age
34%
College-Educated
95%
High-School Grad
6.1 sq mi
ZIP Area
3,437
Density / Sq Mi
$77,966
Median Household Income
$47,877
Median Earnings
$1,151
Median Rent
$242,800
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?
Multifamily property - Well-maintained property with refreshed finishes, newer mechanical systems, and a fenced outdoor area near retail and dining.
Where is this multifamily property located?
The property is located at 756 SE Claremont Ct Lees Summit, MO.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: 1,716 square feet of property size; Built in 1986; New fixtures and LVP flooring in the lower‑level family room
