Multi-Tenant Office Building with Private
For Sale
$650,000
Pending
202 E Elm Street, Ozark, MO 65721
SINGLE_FAMILY - Ozark, MO
Property Size3,330 SF
Lot Size0.12 Acres
Days on Market21
Property Features for 202 E Elm Street
General Information
Property type
Residential
Property subtype
Office
Bathrooms
8
Full bathrooms
8
Rooms
Bathroom 4, Bathroom 6, Bathroom 5, Bathroom 8, Bathroom 7, Bathroom 1, Bathroom 2, Bathroom 3
View
City
Directions
South East Corner of the Ozark square.
Standard status
Pending
APN
110623003014001000
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
All E 40' Lot #446 & Pt. Lot #447 Described As Beg. At Ne Ofsaid Lot, N 25', W 62', S 25', #67' Pob. (Pauls Survey)
Tax Annual Amount
3136
Legal Description
All E 40' Lot #446 & Pt. Lot #447 Described As Beg. At Ne Ofsaid Lot, N 25', W 62', S 25', #67' Pob. (Pauls Survey)
Utilities
Utilities
Water Available
Heating system
Electric (Heating)
Cooling system
Central Air
Amenities
private bathrooms
Building Details
Year built
1989
Listing Agency:
Estes Stancer Commercial Group
(417) 725-5900
Listed By:
Colton Knight
(417) 631-8199
Added: Jul 28
Changed: Aug 5
Last Checked: Aug 17 at 1:06PM
MLS# 60329936
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.
Multi-tenant office building offering 8 individual units, each with a private bathroom. The property totals 3,330 SF and includes all-new HVAC systems installed in 2024. The building was constructed in 1989 and is serviced by central air cooling and electric heat.
The property is located at 202 E Elm Street in Ozark, Missouri, in Christian County. Lot size is 0.12 acres, and water service is available.
This layout is designed to support independent, multi-unit occupancy with dedicated restrooms for each unit.
The property is located at 202 E Elm Street in Ozark, Missouri, in Christian County. Lot size is 0.12 acres, and water service is available.
This layout is designed to support independent, multi-unit occupancy with dedicated restrooms for each unit.
Key Highlights
- 8 individual office units, each with a private bathroom
- All‑new HVAC systems installed in 2024
- 3,330 SF multi‑tenant office building
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
$26,387
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
4.06%
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%
$527,740
$527.7K
Cap Rate 7%
$376,957
$377.0K
Cap Rate 9%
$293,189
$293.2K
Market Conditions
NOI Build-Up for 3,330 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
$36.8K $11.04/SF
− Vacancy
−$1.6K −$0.47/SF
EGI
$35.2K $10.57/SF
− OpEx
−$8.8K −$2.64/SF
NOI
$26.4K $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%
$527,740
Cap Rate 7%
$376,957
Cap Rate 9%
$293,189
Alternative Uses
Best Use
Office B
$377.0K
$329.8K – $439.8K
NOI $26,387 @ 7.0% cap · market cap 4.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$502.6K
$439.8K – $586.4K
NOI $35,182 @ 7.0% cap · market cap 5.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
8
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
438
Businesses Nearby
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
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Frequently Asked Questions
What type of property is this?
Office units - Multi-tenant office building with 8 units, each with a private bathroom, and all-new HVAC installed in 2024.
Where is this office units located?
The property is located at 202 E Elm Street Ozark, MO.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 8 individual office units, each with a private bathroom; All‑new HVAC systems installed in 2024; 3,330 SF multi‑tenant office building
