Flex Property with
For Sale
$275,000
2307 Missouri Avenue, Carthage, MO 64836
Commercial Sale, Carthage, MO
Property Size4,490 SF
Lot Size1.02 Acres
Price / SF$61.25
Days on Market293
Property Features for 2307 Missouri Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Fencing
Partial
Directions
From roundabout by Casey's on Garrison, West 2 blocks on Airport Drive, then North 1/2 block on Missouri Ave. to property.
Subdivision
09 - Carthage Area
Standard status
Active
APN
14-5.0-16-10-013-002.009
Size
4,490 SF
Lot size
1.02 Acres
Utilities
Heating system
Natural Gas, Central
Cooling system
Central Air
Amenities
kitchen
break area
private offices
multi-use room
Building Details
Year built
2001
Number of units
1
Flooring type
Concrete, Carpet
Roof type
Metal
Listing Agency:
KELLER WILLIAMS REALTY ELEVATE
(417) 623-9900
Listed By:
Shannon Frieling · License #2021004176
(417) 660-9343
Added: Nov 21, 2025
Changed: Sep 3
Last Checked: Sep 10 at 8:06PM
MLS# 256517
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 4,490-square-foot flex property combines administrative and operational areas within a single commercial building. The front section includes private offices, two bathrooms, wide corridors, concrete and carpet flooring, and a large multipurpose room connected to a kitchen and break area. The rear warehouse is heated and cooled, with dock access and two walk-in units—one refrigeration unit and one freezer—that are negotiable with the sale.
Built in 2001, the building has a metal roof, natural gas heat, central heating and cooling, and a partial fence. Commercial zoning and a 1.02-acre site support a range of business, service, storage, and distribution configurations. The dual-parcel layout also provides separation between the office and warehouse components, allowing the property to function as one operation or accommodate distinct areas within the building.
Built in 2001, the building has a metal roof, natural gas heat, central heating and cooling, and a partial fence. Commercial zoning and a 1.02-acre site support a range of business, service, storage, and distribution configurations. The dual-parcel layout also provides separation between the office and warehouse components, allowing the property to function as one operation or accommodate distinct areas within the building.
Key Highlights
- 4,490‑square‑foot flex building on 1.02 acres
- Heated and cooled warehouse with dock access
- Two walk‑in units: one refrigeration and one freezer; negotiable with sale
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
$22,098
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
8.04%
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%
$441,960
$442.0K
Cap Rate 7%
$315,686
$315.7K
Cap Rate 9%
$245,533
$245.5K
Market Conditions
NOI Build-Up for 4,490 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
$26.9K $6.00/SF
− Vacancy
−$943 −$0.21/SF
EGI
$26.0K $5.79/SF
− OpEx
−$3.9K −$0.87/SF
NOI
$22.1K $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%
$441,960
Cap Rate 7%
$315,686
Cap Rate 9%
$245,533
Alternative Uses
Best Use
Office B
$845.1K
$739.5K – $986.0K
NOI $59,160 @ 7.0% cap · market cap 21.51%
Second Best
Warehouse
$315.7K
$276.2K – $368.3K
NOI $22,098 @ 7.0% cap · market cap 8.04%
Theoretical Best
Office A
$1.35M
$1.19M – $1.58M
NOI $94,829 @ 7.0% cap · market cap 34.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Fenced yard
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
349
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 Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Flex space - Commercially zoned flex building with private offices, a kitchen, multipurpose room, and climate-controlled warehouse space.
Where is this flex space located?
The property is located at 2307 Missouri Avenue Carthage, MO.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 4,490‑square‑foot flex building on 1.02 acres; Heated and cooled warehouse with dock access; Two walk‑in units: one refrigeration and one freezer; negotiable with sale
