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    Live-Work Warehouse with Office Title is generated by Realmo AI

    20750 Ostrich Lot#3 Drive, Lebanon, MO 65536

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    Claim this Listing
    New
    For Sale
    $554,900

    Retail - Lebanon, MO

    Type:Retail
    Property size:
    11,721 SF
    Lot size:
    2.03 Acres
    Price / SF:
    $47/SF
    Added:
    Jun 5, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 6 at 6:06 pm

    Property Features for 20750 Ostrich Lot#3 Drive

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Parking features
    Driveway
    Standard status
    Active
    APN
    13-7.0-26-002-001-005.005
    Lot size
    2.03 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    6458

    Utilities

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

    Building Details

    Year built
    1998
    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# 26034983 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

    • 1.89‑acre live‑work property with gated access and fenced parking area
    • Massive all‑in‑one building with approx. 5,000 SF warehouse space
    • Includes approx. 4,312 SF office complex
    • Second‑floor apartment with approx. 2,409 SF for onsite living
    • Built in 1998 with brick construction
    • Utilities and comfort features include central air and electric/forced‑air heating plus propane heating

    Overview

    This live-work property is built as one all-in-one facility, combining warehouse space, an office complex, and an upstairs apartment. The warehouse component is approximately 5,000 square feet and is paired with a 4,312 square foot office complex. Upstairs, there is an approximately 2,409 square foot apartment. The lower level is described as offering expansive meeting and gathering areas, multiple kitchen spaces, private offices, and numerous multi-purpose rooms designed for flexible use.

    The property sits on 2.03 acres in Lebanon, Missouri, with a fenced parking area and gated access. This configuration is intended to support onsite operations while keeping parking and access controlled.

    The layout can work well for owner-operators or organizations that want both business space and onsite living. With substantial warehouse area alongside dedicated office space and an apartment above, tenants or buyers seeking a combined operations-and-residential arrangement may find the building’s room mix useful for office-based teams, training or event setups, or other multi-room business use cases. The property’s size and programming are best evaluated in person given the described meeting, office, and multi-purpose spaces throughout the lower level.
    Property Profile Location Intelligence

    Current Use by Public Records

    Live-work space

    Map

    City
    Lebanon
    County
    Laclede
    State
    Missouri
    Longitude
    -92.667739
    Latitude
    37.63651

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    FAQs

    What type of property is this?
    Live-work space - Single-building setup combines warehouse, office space, and an upstairs apartment with fenced, gated parking.
    Where is this live-work space located?
    The property is located at 20750 Ostrich Lot#3 Drive Lebanon, MO.
    What is the asking price?
    The asking price for this property is $554,900.
    What are key features of this property?
    This property features: 1.89‑acre live‑work property with gated access and fenced parking area; Massive all‑in‑one building with approx. 5,000 SF warehouse space; Includes approx. 4,312 SF office complex
    (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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