Duplex with Finished Flex
New
For Sale
$145,000
8408 Lane Place, Raytown, MO 64138
Residential, Raytown, MO
Property Size1,377 SF
Lot Size0.06 Acres
Price / SF$105.30
Days on Market5
Property Features for 8408 Lane Place
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Basement, Bathroom 2, Family Room, Bedroom 1, Bathroom 1, Bonus Room
Parking features
Off Street, Garage
Security features
Security System
Window features
Window Coverings
Patio and Porch features
Deck
Interior features
Ceiling Fan(s), Painted Cabinets, Pantry, Vaulted Ceiling(s)
Basement
Walk-Up Access, Partial
Appliances
Dishwasher, Disposal, Electric Range
Subdivision
Lane Meadows
High school
Raytown South
Elementary school district
Raytown
Middle school district
Raytown
High school district
Raytown
Directions
87th Street to Lane Ave, to 84th Lane Place, home on the right
Standard status
Active
APN
50-220-19-40-00-0-00-000
Size
1,377 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Description
MEADOW LANE PARCEL 24 BLK 1
Tax Annual Amount
2099
HOA Fee
$660 Annually
Legal Description
MEADOW LANE PARCEL 24 BLK 1
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Electric
Water source
Public
Amenities
side deck
fenced yard
built-in shelving
Building Details
Year built
1975
Flooring type
Vinyl, Laminate, Carpet
Building materials
Board & Batten Siding
Roof type
Composition
Listing Agency:
ReeceNichols - Lees Summit · Reece & Nichols
(816) 524-7272
Listed By:
Deborah Gladney · License #2013041521
(816) 957-7920
Added: Sep 30
Changed: Oct 1
Last Checked: Oct 4 at 2:06PM
MLS# 2644905
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 1,377-square-foot duplex has a multi-level layout with two bedrooms, two full bathrooms, a family room, and a bonus room. Interior features include laminate, carpet, and vinyl flooring, vaulted ceilings, a pantry, and painted cabinets. Recent work includes new carpet, fresh paint in much of the main living area, and an updated upstairs bathroom with a walk-in shower. The kitchen connects to a deck, while the lower level includes built-in storage. An attached one-car garage has rear-drive access and built-in shelving.
The property occupies a 0.0589-acre lot with a small fenced yard. Public water and sewer serve the property; heating is natural gas, and cooling is electric. Built in 1975, the home also has off-street parking.
The property occupies a 0.0589-acre lot with a small fenced yard. Public water and sewer serve the property; heating is natural gas, and cooling is electric. Built in 1975, the home also has off-street parking.
Key Highlights
- 1,377 square feet with a two‑bedroom, two‑bathroom layout
- Multi‑level plan includes a family room and bonus room
- Attached one‑car garage with rear‑drive access and built‑in shelving
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
$12,694
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
8.75%
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%
$253,880
$253.9K
Cap Rate 7%
$181,343
$181.3K
Cap Rate 9%
$141,044
$141.0K
Market Conditions
NOI Build-Up for 1,377 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
$25.0K $18.12/SF
− Vacancy
−$1.9K −$1.36/SF
EGI
$23.1K $16.76/SF
− OpEx
−$10.4K −$7.54/SF
NOI
$12.7K $9.22/SF
Area
Jackson County, MO
Vacancy
7.50%
Lease Rate
$18.12 /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%
$253,880
Cap Rate 7%
$181,343
Cap Rate 9%
$141,044
Alternative Uses
Best Use
Multifamily LT 5
$196.4K
$171.9K – $229.2K
NOI $13,751 @ 7.0% cap · market cap 9.48%
Second Best
Apartment 5plus
$181.3K
$158.7K – $211.6K
NOI $12,694 @ 7.0% cap · market cap 8.75%
Theoretical Best
Warehouse
$362.2K
$316.9K – $422.5K
NOI $25,351 @ 7.0% cap · market cap 17.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
107
Businesses Nearby
Explore this area
Business Placement
Demographics for 64138, MO
25,565
Population
11,273
Households
2.3
Avg Household Size
38
Median Age
22%
College-Educated
92%
High-School Grad
13.3 sq mi
ZIP Area
1,922
Density / Sq Mi
$54,619
Median Household Income
$39,210
Median Earnings
$1,127
Median Rent
$164,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - A multi-level layout pairs two full bathrooms with adaptable finished areas and an attached garage.
Where is this duplex located?
The property is located at 8408 Lane Place Raytown, MO.
What is the asking price?
The asking price for this property is $145,000.
What are key features of this property?
This property features: 1,377 square feet with a two‑bedroom, two‑bathroom layout; Multi‑level plan includes a family room and bonus room; Attached one‑car garage with rear‑drive access and built‑in shelving
