Flex Space with Shop
For Sale
$399,950
1400 N 18th Street, Ozark, MO 65721
Commercial Sale, Ozark, MO
Property Size2,275 SF
Lot Size1.00 Acre
Price / SF$175.80
Days on Market119
Property Features for 1400 N 18th Street
General Information
Property type
Commercial Sale
Property subtype
Office
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Fencing
Privacy, Chain Link
Lot features
Level
Directions
From Hwy 65, Take exit onto Hwy 14(Jackson St). Turn left at the intersection of 14th Street to building on the right.
Standard status
Active
APN
110522002007003001
Lot size
1.00 Acre
Taxes and HOA fees
Tax Year
2024
Tax Description
Beg 351.82' N Of Intersection E R/W Hwy 65 Swc Nw4 Nw4 Th 125' E 174.25' S 125' W 174.25 To Pob
Tax Annual Amount
3183
Legal Description
Beg 351.82' N Of Intersection E R/W Hwy 65 Swc Nw4 Nw4 Th 125' E 174.25' S 125' W 174.25 To Pob
Utilities
Utilities
Electricity Available
Heating system
Forced Air
Cooling system
Central Air, Electric, Ceiling Fan(s)
Amenities
backup generator
security system with cameras
Building Details
Year built
1974
Roof type
Metal
Listing Agency:
Old World Realty, LLC
(417) 818-1237
Listed By:
Natalia Moskalenko
(417) 755-0736
Added: May 7
Changed: Aug 19
Last Checked: Sep 2 at 2:06AM
MLS# 60322891
Copyright © 2026 Southern Missouri Regional MLS, LLC (SOMO). 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 2,275-square-foot flex property, built in 1974, includes approximately 1,800 square feet of bay and shop area alongside finished office space. The office portion provides a private office, open work area, and bathroom. A metal roof, forced-air heating, central air, electric cooling, and ceiling fans support the building’s basic operations.
Located at 1400 N 18th Street in Ozark, the property sits just off Highway 65 on a 1-acre parcel. Paved driveways and fenced parking areas serve the site, with privacy and chain-link fencing in place. Additional improvements include a backup generator and a camera-equipped security system. Water comes from a shared well with the adjoining property, while wastewater is handled by a holding tank requiring routine pumping. A billboard on the property is owned by a third party and is excluded from the sale.
Located at 1400 N 18th Street in Ozark, the property sits just off Highway 65 on a 1-acre parcel. Paved driveways and fenced parking areas serve the site, with privacy and chain-link fencing in place. Additional improvements include a backup generator and a camera-equipped security system. Water comes from a shared well with the adjoining property, while wastewater is handled by a holding tank requiring routine pumping. A billboard on the property is owned by a third party and is excluded from the sale.
Key Highlights
- 2,275 square feet of total building area on 1 acre
- Approximately 1,800 square feet of bay/shop space
- Finished area includes a private office, open work area, and bathroom
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
$18,027
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
4.51%
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%
$360,540
$360.5K
Cap Rate 7%
$257,529
$257.5K
Cap Rate 9%
$200,300
$200.3K
Market Conditions
NOI Build-Up for 2,275 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
$25.1K $11.04/SF
− Vacancy
−$1.1K −$0.47/SF
EGI
$24.0K $10.57/SF
− OpEx
−$6.0K −$2.64/SF
NOI
$18.0K $7.92/SF
Area
Christian County, MO
Vacancy
4.30%
Lease Rate
$11.04 /SF/Yr
Expense Ratio
25.00%
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%
$360,540
Cap Rate 7%
$257,529
Cap Rate 9%
$200,300
Alternative Uses
Best Use
Office B
$257.5K
$225.3K – $300.5K
NOI $18,027 @ 7.0% cap · market cap 4.51%
Second Best
Retail
$241.9K
$211.6K – $282.2K
NOI $16,931 @ 7.0% cap · market cap 4.23%
Theoretical Best
Office A
$343.4K
$300.5K – $400.6K
NOI $24,036 @ 7.0% cap · market cap 6.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
212
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 65721, MO
32,975
Population
13,467
Households
2.4
Avg Household Size
36
Median Age
35%
College-Educated
93%
High-School Grad
95.9 sq mi
ZIP Area
344
Density / Sq Mi
$76,552
Median Household Income
$41,653
Median Earnings
$991
Median Rent
$253,700
Median Home Value
Market
Vacancy Rate% for Office 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 - Versatile commercial building combining service-area functionality with finished office space, fenced parking, and operational support features.
Where is this flex space located?
The property is located at 1400 N 18th Street Ozark, MO.
What is the asking price?
The asking price for this property is $399,950.
What are key features of this property?
This property features: 2,275 square feet of total building area on 1 acre; Approximately 1,800 square feet of bay/shop space; Finished area includes a private office, open work area, and bathroom
