Office Units with Dual
For Sale
$219,500
1610 Ashley Rd, Boonville, MO 65233
Commercial Sale, Boonville, MO
Property Size3,745 SF
Lot Size1.50 Acres
Price / SF$58.61
Days on Market40
Property Features for 1610 Ashley Rd
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C1
Directions
Exit 101 (US-40 / MO-5 / Boonville). Just .70 mile north of exit ramp.
Subdivision
Boonville
Standard status
Active
Lot size
1.50 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
10-2.0-10-002-006-003.000
Tax Annual Amount
99999999
Legal Description
10-2.0-10-002-006-003.000
Amenities
dual central HVAC systems
Listing Agency:
Chipley and Company Real Estate
(660) 882-3442
Listed By:
NATHAN N. CHIPLEY · License #1999034126
(660) 537-4455
Added: Jul 21
Changed: Aug 19
Last Checked: Aug 29 at 8:06AM
MLS# 26-279
Copyright © 2026 Central Missouri Board 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.
This office property includes a 3,745+/- square foot building on approximately 1.5 acres. Improvements include newer dual central HVAC systems, a metal roof, public utilities, and on-site parking. C1 zoning supports a range of neighborhood commercial applications, including office, retail, restaurant, medical, financial, and personal service uses, subject to buyer verification.
The property has access from both Ashley Rd and Radio Hill Rd, with approximately 163 feet of frontage along Ashley Rd and 250 feet along Radio Hill Rd. Its position is approximately 0.7 mile from I-70 Exit 101, providing a direct connection to the interstate network. Exhibits A, B, and C in the documents must accompany all contracts.
The property has access from both Ashley Rd and Radio Hill Rd, with approximately 163 feet of frontage along Ashley Rd and 250 feet along Radio Hill Rd. Its position is approximately 0.7 mile from I-70 Exit 101, providing a direct connection to the interstate network. Exhibits A, B, and C in the documents must accompany all contracts.
Key Highlights
- 3,745+/- square foot building on approximately 1.5 acres
- C1 zoning supports office, retail, restaurant, medical, financial, and personal service uses
- Approximately 163' of frontage on Ashley Rd and 250' on Radio Hill Rd
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
$7,254
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
3.30%
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%
$145,080
$145.1K
Cap Rate 7%
$103,629
$103.6K
Cap Rate 9%
$80,600
$80.6K
Market Conditions
NOI Build-Up for 3,745 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
$10.3K $2.75/SF
− Vacancy
−$627 −$0.17/SF
EGI
$9.7K $2.58/SF
− OpEx
−$2.4K −$0.65/SF
NOI
$7.3K $1.94/SF
Area
Cooper County, MO
Vacancy
6.09%
Lease Rate
$2.75 /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%
$145,080
Cap Rate 7%
$103,629
Cap Rate 9%
$80,600
Alternative Uses
Best Use
Office B
$103.6K
$90.7K – $120.9K
NOI $7,254 @ 7.0% cap · market cap 3.30%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$580.6K
$508.1K – $677.4K
NOI $40,644 @ 7.0% cap · market cap 18.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
104
Businesses Nearby
Explore this area
Business Placement
Demographics for 65233, MO
11,472
Population
4,622
Households
2.5
Avg Household Size
41
Median Age
26%
College-Educated
90%
High-School Grad
141.9 sq mi
ZIP Area
81
Density / Sq Mi
$64,333
Median Household Income
$38,608
Median Earnings
$807
Median Rent
$206,000
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - C1-zoned commercial property with public utilities, dual central HVAC, metal roofing, and on-site parking.
Where is this office units located?
The property is located at 1610 Ashley Rd Boonville, MO.
What is the asking price?
The asking price for this property is $219,500.
What are key features of this property?
This property features: 3,745+/- square foot building on approximately 1.5 acres; C1 zoning supports office, retail, restaurant, medical, financial, and personal service uses; Approximately 163' of frontage on Ashley Rd and 250' on Radio Hill Rd
