Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    901 W Sundown Dr Kirksville, MO 63501

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Move-in-ready, renovated townhome with garage near AT Still University.

    Property size:
    1,440 SF

    Property Features for 901 W Sundown Dr

    General Information

    Standard status
    Active
    Zoning
    Multi family residential
    Size
    1,440 SF

    Building Details

    Year built
    1982

    We can help!

    Listing Contact
    Elizabeth Gregory
    Elizabeth Gregory
    Source: Crexi

    Listing Agency: eXp Realty, Gregory Land Group Listing Agent: Elizabeth Gregory

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Renovated Townhome Near University

    This renovated townhome is located near AT Still University and Northeast Missouri Regional Hospital. As an end unit, it features two bedrooms, one and a half baths, in-unit laundry, and an attached garage. Exterior updates to the complex include new garage doors, roofs, and front porches. The property size is 1440 square feet. This property presents an investment opportunity; Unit 911 is also available.
    Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Kirksville
    County
    Adair
    State
    Missouri
    Longitude
    -92.590291
    Latitude
    40.190002

    Nearby Similar for Sale

    • $560,500
      12,800 SF

      Kirksville Office Space Opportunity

      12,000 SF office space near medical center and colleges.
      2000 La Harpe St, Kirksville, MO 63501
      View Details
    • $799,000
      5,744 SF

      Kirksville Commercial Property For Sale

      Two buildings with office, truck bays, storage, and loading dock.
      18062 Round Barn Way, Kirksville, MO 63501
      View Details
    • $849,000
      6,000 SF

      Kirksville Restaurant For Sale

      6,000 SF restaurant with ample parking in Kirksville, MO.
      2910 Baltimore St, Kirksville, MO 63501
      View Details
    • $799,000

      Kirksville Commercial Property for Sale

      Versatile commercial space suitable for retail, service providers, or storage.
      3003 Baltimore St, Kirksville, MO 63501
      View Details
    • $625,000
      6,000 SF

      Highway Commercial Property on 1.4 Acres

      Commercial property on Highway 63, Kirksville, Missouri.
      4414 Baltimore St, Kirksville, MO 63501
      View Details
    • $850,000
      25,000 SF

      Kirksville Commercial Building For Sale

      25,000 SF commercial building suitable for single or multi-tenant use.
      420 Baltimore St, Kirksville, MO 63501
      View Details
    • $259,900

      Kirksville Office Building For Sale

      Commercial office building on a corner lot in Kirksville.
      1821 Baltimore St, Kirksville, MO 63501
      View Details
    • $179,000

      Downtown Kirksville Commercial Brick Building

      9,720 SF building with CBD zoning and multiple overhead doors.
      211 Harrison St, Kirksville, MO 63501
      View Details
    • $194,900
      1.20 Acres

      Kirksville Commercial Building on Large Lot

      Commercial building on 1.2 acre lot near UPS and Holiday Inn.
      906 Shepherd Ave, Kirksville, MO 63501
      View Details
    • $449,000
      Pending

      Renovated Ranch Home on Acreage

      Renovated ranch home on 8 acres in Kirksville School District.
      30862 Mo-11, Kirksville, MO 63501
      View Details
    • Contact for pricing
      1,000 SF

      Remodeled Bungalow with Modern Upgrades

      Move-in ready, furnished bungalow with recent renovations and upgrades.
      816 S Baltimore St, Kirksville, MO 63501
      View Details
    • Contact for pricing
      Pending

      Kirksville Office Space For Sale

      12,000 SF office space in Kirksville, Missouri.
      2000 E La Harpe St, Kirksville, MO 63501
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Move-in-ready, renovated townhome with garage near AT Still University.
    Where is this multifamily property located?
    The property is located at 901 W Sundown Dr Kirksville, MO.
    What are key features of this property?
    This property features: - Move-in-ready and renovated condition; - Convenient location near AT Still University and Northeast Missouri Regional Hospital; - End unit providing added privacy and potentially more natural light
    Request Owner's contact information
    901 W Sundown Dr Kirksville, MO 63501
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    901 W Sundown Dr
    Kirksville, MO 63501
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    901 W Sundown Dr Kirksville, MO 63501
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Elizabeth Gregory
    Elizabeth Gregory
    Real Estate License ID: 2021008017
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!