Two-Story
For Sale
$233,000
760 Spring Circle, Liberty, MO 64068
Residential, Traditional, Liberty, MO
Property Size1,404 SF
Lot Size0.28 Acres
Price / SF$165.95
Days on Market98
Property Features for 760 Spring Circle
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 3, Bathroom 2, Bathroom 3, Bedroom 2, Bathroom 1, Bedroom 1
Parking features
Garage
Window features
Skylight(s)
Patio and Porch features
Patio
Interior features
Vaulted Ceiling(s)
Appliances
Dishwasher, Disposal, Exhaust Fan, Electric Range, Free-Standing Electric Oven
Subdivision
Claywoods
Lot features
City Lot
Elementary school
Ridgeview
Middle school
Liberty
High school
Liberty
Elementary school district
Liberty
Middle school district
Liberty
High school district
Liberty
Directions
From I-35, follow West Kansas Street (MO-152 E) east into Liberty. Turn right onto South Ridge Avenue. Stay on the road as it transitions into Forest Lane and then curves into Sunset. Turn right onto West Mill Street. Turn right onto Spring Avenue, then take the immediate right onto Spring Circle. The destination will be on your right.
Standard status
Active
APN
15-119-00-13-026.00
Size
1,404 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Description
Claywoods 8th
Tax Annual Amount
1788
Legal Description
Claywoods 8th
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Electric
Water source
Public
Amenities
vaulted ceilings
skylight
laundry room
large backyard
Building Details
Year built
1997
Flooring type
Laminate, Carpet
Building materials
Board & Batten Siding, Frame
Roof type
Composition
Architectural style
Other
Listing Agency:
United Real Estate Kansas City
(816) 629-4494
Listed By:
Sheila Carpentier Flores
(208) 207-3669
Added: May 25
Changed: Aug 27
Last Checked: Aug 30 at 4:06PM
MLS# 2622400
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.
This two-story half-duplex contains 1404 square feet with three bedrooms and two full bathrooms on the upper level. The main floor includes a living and dining area with vaulted ceilings and a skylight, plus a laundry room and guest half bath. Recent interior and exterior paint, a newer composition roof, laminate and carpet flooring, natural gas heat, electric cooling, and a garage are among the property’s features. A patio and 0.28-acre backyard provide additional outdoor space.
The home is served by public water and public sewer and is located within the Liberty School District. Its setting at 760 Spring Circle places it near downtown Liberty shopping and restaurants. Built in 1997, the property also includes a dishwasher, disposal, electric range, free-standing electric oven, and exhaust fan.
The home is served by public water and public sewer and is located within the Liberty School District. Its setting at 760 Spring Circle places it near downtown Liberty shopping and restaurants. Built in 1997, the property also includes a dishwasher, disposal, electric range, free-standing electric oven, and exhaust fan.
Key Highlights
- Two‑story half‑duplex with 1404 square feet of living area
- Three bedrooms, two full bathrooms, and a main‑level half bath
- 0.28‑acre lot with a backyard, patio, and garage
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
$13,398
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
5.75%
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%
$267,960
$268.0K
Cap Rate 7%
$191,400
$191.4K
Cap Rate 9%
$148,867
$148.9K
Market Conditions
NOI Build-Up for 1,404 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
$21.1K $15.00/SF
− Vacancy
−$1.9K −$1.37/SF
EGI
$19.1K $13.63/SF
− OpEx
−$5.7K −$4.09/SF
NOI
$13.4K $9.54/SF
Area
Clay County, MO
Vacancy
9.12%
Lease Rate
$15.00 /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%
$267,960
Cap Rate 7%
$191,400
Cap Rate 9%
$148,867
Alternative Uses
Best Use
Multifamily LT 5
$191.4K
$167.5K – $223.3K
NOI $13,398 @ 7.0% cap · market cap 5.75%
Second Best
Apartment 5plus
$169.9K
$148.7K – $198.3K
NOI $11,895 @ 7.0% cap · market cap 5.11%
Theoretical Best
Office A
$429.9K
$376.1K – $501.5K
NOI $30,091 @ 7.0% cap · market cap 12.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
529
Businesses Nearby
Explore this area
Business Placement
Demographics for 64068, MO
37,222
Population
14,656
Households
2.5
Avg Household Size
39
Median Age
39%
College-Educated
97%
High-School Grad
84.8 sq mi
ZIP Area
439
Density / Sq Mi
$95,425
Median Household Income
$51,642
Median Earnings
$1,172
Median Rent
$268,200
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?
Duplex - Three bedrooms, vaulted ceilings, and a main-level laundry room support practical residential functionality.
Where is this duplex located?
The property is located at 760 Spring Circle Liberty, MO.
What is the asking price?
The asking price for this property is $233,000.
What are key features of this property?
This property features: Two‑story half‑duplex with 1404 square feet of living area; Three bedrooms, two full bathrooms, and a main‑level half bath; 0.28‑acre lot with a backyard, patio, and garage
