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    Multi-Building Flex Property with Apartment Title is generated by Realmo AI

    20750 Ostrich Drive, Lebanon, MO 65536

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    For Sale
    $999,900

    Retail - Lebanon, MO

    Type:Retail
    Property size:
    20,000 SF
    Lot size:
    3.92 Acres
    Price / SF:
    $49/SF
    Added:
    Jun 5, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 6 at 6:06 pm

    Property Features for 20750 Ostrich Drive

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Parking features
    Driveway
    Standard status
    Active
    APN
    13-7.0-26-002-001-005.002
    Lot size
    3.92 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    10583

    Utilities

    Heating system
    Electric (Heating), Forced Air, Propane (Heating)
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    1974
    Building materials
    Brick
    Architectural style
    Other

    We can help!

    Listing Contact
    Aaron Dennis

    Listing agent Aaron Dennis License #2017029664

    Listing office RE/MAX Next Generation 440 W Elm St, Lebanon, MO

    Listing date Jun 5, 2026

    MLS# 26034914 Listing URL

    Copyright © 2026 Mid America Regional Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 3.92‑acre property with over 20,000 sq ft of versatile space for commercial, industrial, and residential uses
    • Includes approx. 13,680 sq ft of warehouse/garage/shop space plus multiple attached and separate buildings
    • 4,312 sq ft office complex with additional approx. 5,000 sq ft attached to the main warehouse/shop area
    • Separate buildings include an additional approx. 1,680 sq ft building and a separate approx. 7,000 sq ft building
    • 2,409 sq ft living quarters apartment above the office complex (could serve as an executive office suite or workspace)
    • Built in 1974 with brick construction, central air/electric cooling, and electric/forced‑air/propane heating; driveway parking

    Overview

    This multi-building flex property in Lebanon, Missouri includes approximately 13,680 square feet of warehouse, garage, and shop space, a 4,312-square-foot office complex, and a 2,409-square-foot living quarters apartment. The finished apartment is located above the office complex and can function as additional workspace for an executive office, creative studio, or other business use. The warehouse and shop areas incorporate about 5,000 square feet attached to the main complex, plus an additional 1,680-square-foot building and a separate 7,000-square-foot building, providing room for storage, light manufacturing-style operations, or multiple business functions under one ownership.

    The property sits on 3.92 acres at 20750 Ostrich Drive and is offered for sale as a single parcel. With a mix of enclosed workspace types and on-site office and living space, it is designed to support businesses that need both operational space and dedicated administration or workspace.

    For tenants, buyers, or operators looking for an all-in-one setup, the combination of warehouse/shop capacity, office space, and an apartment above the office complex offers flexible day-to-day use. The additional detached buildings provide separate areas that can help organize storage, production, or other operational needs without requiring off-site space.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bulldog Truck & Trailer ... Auto Repair Shop Bulldog Trucking & Auto ... Trucking Company

    Suggested Use

    Restaurant Building Supply Hair Salon Auto Repair Shop Gym & Fitness Center Hotel & Motel Auto Parts Store Storage Facility Discount Store Garden Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lebanon
    County
    Laclede
    State
    Missouri
    Longitude
    -92.667739
    Latitude
    37.63651

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    FAQs

    What type of property is this?
    Flex space - A multi-use facility with warehouse, office space, and an apartment above the office complex for flexible operations.
    Where is this flex space located?
    The property is located at 20750 Ostrich Drive Lebanon, MO.
    What is the asking price?
    The asking price for this property is $999,900.
    What are key features of this property?
    This property features: 3.92‑acre property with over 20,000 sq ft of versatile space for commercial, industrial, and residential uses; Includes approx. 13,680 sq ft of warehouse/garage/shop space plus multiple attached and separate buildings; 4,312 sq ft office complex with additional approx. 5,000 sq ft attached to the main warehouse/shop area
    (417) 531-3012
    We can help!
    Listing Contact
    Aaron Dennis
    Real Estate License ID: 2017029664
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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.

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