Two-Unit Duplex with
For Sale
$140,000
8486 Lane Drive, Raytown, MO 64138
Residential, Raytown, MO
Property Size1,238 SF
Lot Size0.08 Acres
Price / SF$113.09
Days on Market9
Property Features for 8486 Lane Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
1
Half bathrooms
1
Rooms
Basement, Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 1
Patio and Porch features
Deck
Basement
Finished
Appliances
Dishwasher, Refrigerator, Electric Range
Elementary school
Spring Valley
Middle school
South Middle School
High school
Raytown
Elementary school district
Raytown
Middle school district
Raytown
High school district
Raytown
Directions
From MO-350E/Blue Parkway - Exit on to Blue Ridge Blvd South. Left on Spring Valley Rd, Left on 83rd St. Right on Lane Ave, Right on Lane Dr. Property is on the left (south)
Subdivision
205 - Raytown Area
Standard status
Active
APN
50-220-19-19-00-0-00-000
Size
1,238 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Description
MEADOW LANE UNIT 3 BLK 1
Tax Annual Amount
2335
Legal Description
MEADOW LANE UNIT 3 BLK 1
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Electric
Water source
Public
Building Details
Year built
1975
Building materials
Board & Batten Siding
Roof type
Composition
Listing Agency:
ReeceNichols-KCN · HomeLife
(816) 468-8555
Listed By:
Duane Krehbiel
(913) 669-9261
Added: Sep 7
Changed: Sep 14
Last Checked: Sep 15 at 1:06AM
MLS# 2642150
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-unit duplex contains 1,238 square feet on a 0.0812-acre lot and was built in 1975. The interior room list includes two bedrooms, two bathrooms, and a basement. A deck adds outdoor space, while board and batten siding, a composition roof, and an electric cooling system are part of the property’s existing improvements.
The property is served by public water and public sewer. Natural gas provides heating, and the kitchen appliance package includes a dishwasher, refrigerator, and electric range. The property may be purchased together with both sides of the duplex.
The property is served by public water and public sewer. Natural gas provides heating, and the kitchen appliance package includes a dishwasher, refrigerator, and electric range. The property may be purchased together with both sides of the duplex.
Key Highlights
- Two‑unit duplex with 1,238 square feet
- 0.0812‑acre residential lot
- Two bedrooms and two bathrooms listed
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
$12,363
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
8.83%
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%
$247,260
$247.3K
Cap Rate 7%
$176,614
$176.6K
Cap Rate 9%
$137,367
$137.4K
Market Conditions
NOI Build-Up for 1,238 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
$19.0K $15.36/SF
− Vacancy
−$1.4K −$1.09/SF
EGI
$17.7K $14.27/SF
− OpEx
−$5.3K −$4.28/SF
NOI
$12.4K $9.99/SF
Area
Jackson County, MO
Vacancy
7.12%
Lease Rate
$15.36 /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%
$247,260
Cap Rate 7%
$176,614
Cap Rate 9%
$137,367
Alternative Uses
Best Use
Multifamily LT 5
$176.6K
$154.5K – $206.1K
NOI $12,363 @ 7.0% cap · market cap 8.83%
Second Best
Apartment 5plus
$163.0K
$142.7K – $190.2K
NOI $11,413 @ 7.0% cap · market cap 8.15%
Theoretical Best
Warehouse
$325.6K
$284.9K – $379.9K
NOI $22,792 @ 7.0% cap · market cap 16.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
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
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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 - Duplex featuring a basement, public utilities, and separate living areas within a compact residential property.
Where is this duplex located?
The property is located at 8486 Lane Drive Raytown, MO.
What is the asking price?
The asking price for this property is $140,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,238 square feet; 0.0812‑acre residential lot; Two bedrooms and two bathrooms listed
