Flex Building with
For Sale
$349,000
210 N River Street, Carthage, MO 64836
Commercial Sale, Carthage, MO
Property Size6,225 SF
Lot Size0.87 Acres
Price / SF$56.06
Days on Market77
Property Features for 210 N River Street
General Information
Property type
Commercial Sale
Property subtype
Other
Fencing
Chain Link, Partial
Directions
CARTHAGE, GARRISON & CENTRAL-GO EAST APROX 1 MILE, DO NOT GO OVER BRIDGE TO THE NORTH, CONTINUE TO RIVER, THEN LEFT TO BLG
Subdivision
09 - Carthage Area
Standard status
Active
APN
14200310001003002
Size
6,225 SF
Lot size
0.87 Acres
Utilities
Heating system
Natural Gas, Forced Air
Amenities
2 LG offices
central meeting room
LG gathering area
LG warehouse/shop with 14ft overhead door
3 phase
1/2 bath
central heat
mini split systems
Building Details
Flooring type
Concrete, Carpet
Roof type
Metal
Listing Agency:
PRO 100 Inc., REALTORS
(417) 782-0800
Listed By:
Eric Wood · License #1999020410
(417) 437-0094
Added: Jul 20
Changed: Sep 13
Last Checked: Oct 4 at 5:06PM
MLS# 263964
Copyright © 2026 Ozark Gateway Association 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 6,225-square-foot flex building combines administrative and service-oriented spaces in one commercial layout. The front portion includes 2 large offices, a central meeting room, and a sizable gathering area, while the rear provides a warehouse or shop area with a 14-foot overhead door and 14-foot sidewalls. The property also includes a half bath, concrete and carpet flooring, a metal roof, and heating through natural gas forced air, overhead warehouse heat, and mini-split systems. Three-phase power supports commercial operations, and a former kitchen area adds flexibility to the existing configuration.
The 0.87-acre parcel is 60% fenced with chain-link and partial fencing. Located at 210 N River Street in Carthage, Missouri, the property offers a combination of office, meeting, storage, and shop components within a single building.
The 0.87-acre parcel is 60% fenced with chain-link and partial fencing. Located at 210 N River Street in Carthage, Missouri, the property offers a combination of office, meeting, storage, and shop components within a single building.
Key Highlights
- 6,225‑square‑foot flex building on 0.87 acres
- Rear warehouse/shop includes a 14‑foot overhead door and 14‑foot sidewalls
- 2 large offices, central meeting room, and large gathering area
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
$30,636
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
8.78%
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%
$612,720
$612.7K
Cap Rate 7%
$437,657
$437.7K
Cap Rate 9%
$340,400
$340.4K
Market Conditions
NOI Build-Up for 6,225 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
$37.4K $6.00/SF
− Vacancy
−$1.3K −$0.21/SF
EGI
$36.0K $5.79/SF
− OpEx
−$5.4K −$0.87/SF
NOI
$30.6K $4.92/SF
Area
Jasper County, MO
Vacancy
3.50%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
15.00%
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%
$612,720
Cap Rate 7%
$437,657
Cap Rate 9%
$340,400
Alternative Uses
Best Use
Retail
$839.0K
$734.2K – $978.9K
NOI $58,732 @ 7.0% cap · market cap 16.83%
Second Best
Warehouse
$437.7K
$383.0K – $510.6K
NOI $30,636 @ 7.0% cap · market cap 8.78%
Theoretical Best
Office A
$1.88M
$1.64M – $2.19M
NOI $131,472 @ 7.0% cap · market cap 37.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
14 ft
Clear height
1
Drive-in doors
2
Office units
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
229
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 64836, MO
25,334
Population
10,241
Households
2.5
Avg Household Size
37
Median Age
24%
College-Educated
82%
High-School Grad
184.1 sq mi
ZIP Area
138
Density / Sq Mi
$58,775
Median Household Income
$35,311
Median Earnings
$883
Median Rent
$157,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Versatile commercial building with office areas, meeting space, and a rear shop suitable for varied operational needs.
Where is this flex space located?
The property is located at 210 N River Street Carthage, MO.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: 6,225‑square‑foot flex building on 0.87 acres; Rear warehouse/shop includes a 14‑foot overhead door and 14‑foot sidewalls; 2 large offices, central meeting room, and large gathering area
