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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1 Church Dr Kimberling City, MO 65686

    • Commercial real estate
    • 21,188 SF
    • 2.10 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US48-2362902
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Fisher Creek Rentals / Apartment Complex

    Property Details for 1 Church Dr

    Year built
    1993
    Lot size
    2.10 lot acres
    Property size
    21,188 SF
    Property type
    Commercial real estate

    Description

    This exceptional 24-unit apartment complex, situated on a 2.1-acre lot in Kimberling City, Missouri (65686), presents a compelling investment opportunity. The property consists of four three-story buildings, totaling 21,188 square feet, constructed in 1993. Currently boasting an 87.5% occupancy rate (as of October 12, 2023), the property offers significant upside potential. Each of the 24 units features two full bedrooms, one and three-quarter bathrooms, a fully equipped kitchen (including refrigerator, dishwasher, and oven), and a private deck overlooking the adjacent Table Rock Lake. Washer and dryer hookups are included in each unit, and two parking spaces are provided per unit. The property benefits from permitted nightly rentals, allowing for increased revenue generation. Recent improvements include new roofs installed in 2021 and a comprehensive record of updated HVAC systems is available. Individual electric meters are installed for each unit, simplifying utility management. While trash removal is currently covered by the landlord, water and sewer charges will be added to new and renewed leases after October 15, 2023. New base lease amounts are set at $925 per month, with an additional $100 monthly average for water and sewer (based on 2023 data). The property is offered at $3,075,000, representing a price per unit of $128,125 and a cap rate of 7.09%. Convenient public lake access is nearby. Property records are available for due diligence. This is a turnkey operation with existing management available if desired.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Kimberling City
    County
    Stone
    State
    Missouri
    Longitude
    -93.42357
    Latitude
    36.64176

    Comparable in this City

    • $164,900
      1,179 SF

      Furnished Condo in Kimberling City

      Two-bedroom, two-bath condo with lake access and community amenities.
      165 Keel Ln, Kimberling City, MO 65686
      View Details
    • $7,620,000

      Table Rock Village Portfolio

      Missouri Multifamily Investment Opportunity
      0 Fountain Ln, Kimberling City, MO 65686
      View Details
    • $319,900
      1,406 SF

      Lakefront Duplex with Table Rock View

      Charming duplex near Table Rock Lake, perfect for lakeside living.
      30 Kimberling Shr Ln, Kimberling City, MO 65686
      View Details
    • $250,000

      Table Rock Lake Condo

      Lakefront condo perfect for investment, living, or retreat.
      204 Westwood Dr, Kimberling City, MO 65686
      View Details
    • New
      $350,000
      2,392 SF

      Kimberling City Duplex Opportunity

      Duplex near Table Rock Lake with optional boat slip.
      214 Hoot Owl Pt, Kimberling City, MO 65686
      View Details
    • New
      $149,900
      0.86 Acres

      Lake View Lot in Bluffs

      Large lake view lot in gated Kimberling City neighborhood.
      Main Channel Lot, Kimberling City, MO 65686
      View Details

    Similar Nearby for Sale

    • $164,900
      1,179 SF

      Furnished Condo in Kimberling City

      Two-bedroom, two-bath condo with lake access and community amenities.
      165 Keel Ln, Kimberling City, MO 65686
      View Details
    • $7,620,000

      Table Rock Village Portfolio

      Missouri Multifamily Investment Opportunity
      0 Fountain Ln, Kimberling City, MO 65686
      View Details
    • $319,900
      1,406 SF

      Lakefront Duplex with Table Rock View

      Charming duplex near Table Rock Lake, perfect for lakeside living.
      30 Kimberling Shr Ln, Kimberling City, MO 65686
      View Details
    • $250,000

      Table Rock Lake Condo

      Lakefront condo perfect for investment, living, or retreat.
      204 Westwood Dr, Kimberling City, MO 65686
      View Details
    • New
      $350,000
      2,392 SF

      Kimberling City Duplex Opportunity

      Duplex near Table Rock Lake with optional boat slip.
      214 Hoot Owl Pt, Kimberling City, MO 65686
      View Details
    • New
      $149,900
      0.86 Acres

      Lake View Lot in Bluffs

      Large lake view lot in gated Kimberling City neighborhood.
      Main Channel Lot, Kimberling City, MO 65686
      View Details
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    Kimberling City, MO 65686
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    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
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