Residential Income Property with
For Sale
$299,500
8021 Holmes Road, Kansas City, MO 64131
Built in 1952 with assigned paved parking, direct garage access, storage, electric service, and natural gas.
Property Size2,015 SF
Days on Market20
Property Features for 8021 Holmes Road
General Information
Standard status
Active
Size
2,015 SF
Total Parking Spaces
2
Property subtype
Residential Income
Zoning
MF
Taxes and HOA fees
Annual Taxes
$3,474
Amenities
Electric
Natural Gas
Oven, Refrigerator
Storage
Assigned, Garage, Direct Access, Paved
Building Details
Building Size
2,015 SF
Year Built
1952
Stories
1
Listing Agency:
Keller Williams Realty Partners, Inc
(913) 486-3920
Listed By:
Mindy Von Wolf
(913) 486-3920
Source:
Evrealestate
Added: Aug 1
Changed: Aug 18
Last Checked: Aug 20 at 5:20AM
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 Keller Williams Realty Partners, Inc
Investment Insights
Based on property information with market context.
This residential income property at 8021 Holmes Road includes electric and natural gas service, an oven, refrigerator, and dedicated storage. Exterior features include assigned paved parking and a garage with direct access. The property was constructed in 1952.
The asset is situated on Holmes Road between 77th and 85th Street in Kansas City, Missouri, within Jackson County. The MF zoning designation is also identified in the property information.
The asset is situated on Holmes Road between 77th and 85th Street in Kansas City, Missouri, within Jackson County. The MF zoning designation is also identified in the property information.
Key Highlights
- 1952 construction
- MF zoning designation
- Assigned paved parking
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
$21,636
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
7.22%
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%
$432,720
$432.7K
Cap Rate 7%
$309,086
$309.1K
Cap Rate 9%
$240,400
$240.4K
Market Conditions
NOI Build-Up for 2,015 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
$42.1K $20.88/SF
− Vacancy
−$2.7K −$1.36/SF
EGI
$39.3K $19.52/SF
− OpEx
−$17.7K −$8.79/SF
NOI
$21.6K $10.74/SF
Area
Kansas City, MO
Vacancy
6.50%
Lease Rate
$20.88 /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%
$432,720
Cap Rate 7%
$309,086
Cap Rate 9%
$240,400
Alternative Uses
Best Use
Apartment 5plus
$309.1K
$270.5K – $360.6K
NOI $21,636 @ 7.0% cap · market cap 7.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$480.0K
$420.0K – $560.0K
NOI $33,597 @ 7.0% cap · market cap 11.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
347
Businesses Nearby
Explore this area
Business Placement
Demographics for 64131, MO
21,837
Population
11,005
Households
2
Avg Household Size
37
Median Age
39%
College-Educated
91%
High-School Grad
8.5 sq mi
ZIP Area
2,569
Density / Sq Mi
$63,374
Median Household Income
$41,999
Median Earnings
$1,139
Median Rent
$217,700
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?
Residential income property - Built in 1952 with assigned paved parking, direct garage access, storage, electric service, and natural gas.
Where is this residential income property located?
The property is located at 8021 Holmes Road Kansas City, MO.
What is the asking price?
The asking price for this property is $299,500.
What are key features of this property?
This property features: 1952 construction; MF zoning designation; Assigned paved parking
