Duplex Residence 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 Market28
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
Bathroom 2, Bedroom 1, Bedroom 2, Basement, 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 29
Last Checked: Oct 4 at 1:06PM
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 1,238-square-foot residence is one side of a duplex built in 1975. Its listed rooms include two bedrooms, two bathrooms, and a basement. A deck provides outdoor space, and the home has board-and-batten siding with a composition roof.
Kitchen appliances include a dishwasher, refrigerator, and electric range. Heating is natural gas, cooling is electric, and the property is served by public water and public sewer. The other side of the duplex is also offered for sale and may be purchased with this property.
Kitchen appliances include a dishwasher, refrigerator, and electric range. Heating is natural gas, cooling is electric, and the property is served by public water and public sewer. The other side of the duplex is also offered for sale and may be purchased with this property.
Key Highlights
- One side of a duplex; the other side is also offered for sale
- 1,238 square feet on a 0.0812‑acre lot
- Two bedrooms, two bathrooms, and a basement
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
$11,413
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
8.15%
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%
$228,260
$228.3K
Cap Rate 7%
$163,043
$163.0K
Cap Rate 9%
$126,811
$126.8K
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
$22.4K $18.12/SF
− Vacancy
−$1.7K −$1.36/SF
EGI
$20.8K $16.76/SF
− OpEx
−$9.3K −$7.54/SF
NOI
$11.4K $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%
$228,260
Cap Rate 7%
$163,043
Cap Rate 9%
$126,811
Alternative Uses
Best Use
Apartment 5plus
$163.0K
$142.7K – $190.2K
NOI $11,413 @ 7.0% cap · market cap 8.15%
Second Best
—
—
no second resolved use
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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Frequently Asked Questions
What type of property is this?
Residential income property - The other half of the duplex is also available for purchase, offering the option to acquire both sides.
Where is this residential income property 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: One side of a duplex; the other side is also offered for sale; 1,238 square feet on a 0.0812‑acre lot; Two bedrooms, two bathrooms, and a basement
