Flex Space with Shop
For Sale
$299,919
1103 E Java Road, Carthage, MO 64836
Commercial Sale, Carthage, MO
Property Size4,206 SF
Lot Size4.43 Acres
Price / SF$71.31
Days on Market86
Property Features for 1103 E Java Road
General Information
Property type
Commercial Sale
Property subtype
Other
Fencing
Partial
Directions
From Hwy 96 & Java Rd (Kellogg Lake), go west on Java 0.4 miles to property on north side of road.
Subdivision
09 - Carthage Area
Standard status
Active
APN
01-090586-4200
Size
4,206 SF
Lot size
4.43 Acres
Taxes and HOA fees
Tax Annual Amount
4140
Utilities
Heating system
Ceiling, Forced Air
Cooling system
Ceiling Fan(s), Central Air
Amenities
security system
Starlink internet
RV hook-up
Building Details
Flooring type
Laminate, Concrete
Roof type
Metal
Listing Agency:
SMITH MIDWEST
(417) 358-9696
Listed By:
Kip Preston Smith · License #2011014022
(417) 483-1614
Added: Jun 9
Changed: Aug 19
Last Checked: Sep 2 at 5:06AM
MLS# 263153
Copyright © 2026 Ozark Gateway Association of Realtors. 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.
Located at 1103 E Java Road in Carthage, Missouri, this flex property includes a 4,206-square-foot red iron building on 4.43 acres. Constructed in 1997, the facility has 16-foot sidewalls, 6-inch concrete floors, insulation, office space, and a floored second-level area above the office. The office is heated and cooled, while the shop has heat. Two electric overhead doors measure 10 by 10 feet and were designed to accommodate 12-foot-tall doors. Two bathrooms serve the office and shop areas.
The property has an active ADT security system with remote camera access, STARLINK INTERNET, a small dock, and a limited-access after-hours receiving area. Additional site features include a well, septic system, RV hook-up, partial fencing, and trees along three perimeter lines. The source information identifies the acreage as unrestricted and notes potential applications including equipment service, agricultural operations, construction trades, manufacturing, distribution, auto sales, and auto repair.
The property has an active ADT security system with remote camera access, STARLINK INTERNET, a small dock, and a limited-access after-hours receiving area. Additional site features include a well, septic system, RV hook-up, partial fencing, and trees along three perimeter lines. The source information identifies the acreage as unrestricted and notes potential applications including equipment service, agricultural operations, construction trades, manufacturing, distribution, auto sales, and auto repair.
Key Highlights
- 4.43‑acre unrestricted property in Carthage, MO
- 4,206 square feet of flex space in a 1997 red iron building
- 16 ft sidewalls with 6'' concrete floors and insulation
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
$17,047
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
5.68%
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%
$340,940
$340.9K
Cap Rate 7%
$243,529
$243.5K
Cap Rate 9%
$189,411
$189.4K
Market Conditions
NOI Build-Up for 4,206 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
$25.2K $6.00/SF
− Vacancy
−$883 −$0.21/SF
EGI
$24.4K $5.79/SF
− OpEx
−$7.3K −$1.74/SF
NOI
$17.0K $4.05/SF
Area
Jasper County, MO
Vacancy
3.50%
Lease Rate
$6.00 /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%
$340,940
Cap Rate 7%
$243,529
Cap Rate 9%
$189,411
Alternative Uses
Best Use
Industrial
$243.5K
$213.1K – $284.1K
NOI $17,047 @ 7.0% cap · market cap 5.68%
Second Best
Flex RnD
$220.3K
$192.7K – $257.0K
NOI $15,419 @ 7.0% cap · market cap 5.14%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,831 @ 7.0% cap · market cap 29.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
42
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 64836, MO
25,334
Population
10,241
Households
2.5
Avg Household Size
37
Median Age
24%
College-Educated
82%
High-School Grad
184.1 sq mi
ZIP Area
138
Density / Sq Mi
$58,775
Median Household Income
$35,311
Median Earnings
$883
Median Rent
$157,700
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Insulated red iron facility with office, shop, security, and flexible commercial utility areas.
Where is this flex space located?
The property is located at 1103 E Java Road Carthage, MO.
What is the asking price?
The asking price for this property is $299,919.
What are key features of this property?
This property features: 4.43‑acre unrestricted property in Carthage, MO; 4,206 square feet of flex space in a 1997 red iron building; 16 ft sidewalls with 6'' concrete floors and insulation
