Flex Space Facility with Overhead
For Sale
Under Contract
$1,400,000
303 Industrial Drive, New Haven, MO 63068
COMMERCIAL - New Haven, MO
Property Size10,800 SF
Lot Size2.57 Acres
Price / SF$129.63
Days on Market92
Property Features for 303 Industrial Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Industrial Park
Directions
From St. Louis, MO take Interstate 44 west to Exit 251 (Hwy 100) approximately 38 miles to Industrial Drive on your left. Follow Industrial drive approximately 1/2 mile. Building will be on your right.
Standard status
Active Under Contract
APN
12-1-020-0-015-015700
Lot size
2.57 Acres
Utilities
Heating system
Natural Gas, Radiant Ceiling, Electric (Heating), Radiant, Ceiling
Cooling system
Central Air
Building Details
Year built
2021
Floors in Building
1
Building materials
Frame, Steel Siding
Listing Agency:
RE/MAX Today · RE/MAX International
(573) 237-7700
Listed By:
Aaron Swann · License #2005028195
(573) 237-7700
Added: May 7
Changed: Aug 4
Last Checked: Aug 6 at 2:06PM
MLS# 26027256
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.
Investment Insights
Based on property information with market context.
Flex space multi-use facility at 303 Industrial Drive in New Haven, MO, constructed in 2021 and currently operating as a high-end automobile restoration business. The building sits on 2.57 acres and has an approximately 60' x 180' footprint with over 17' ceilings throughout the main area.
The property includes multiple overhead doors with openers, a large parking lot, professional offices, and mezzanine storage. There are two bathrooms, including one handicap accessible. For power and utilities, the building has both three-phase and single-phase electric, with multiple panels rated at 600 amps and 225 amps.
The interior systems are designed for work-floor comfort and efficiency, featuring overhead radiant heat throughout along with central A/C, louvered exhaust fans, and polished concrete floors for easy cleanup. Compressed air and water lines are located throughout the building, and high bay LED lighting is installed throughout.
The property includes multiple overhead doors with openers, a large parking lot, professional offices, and mezzanine storage. There are two bathrooms, including one handicap accessible. For power and utilities, the building has both three-phase and single-phase electric, with multiple panels rated at 600 amps and 225 amps.
The interior systems are designed for work-floor comfort and efficiency, featuring overhead radiant heat throughout along with central A/C, louvered exhaust fans, and polished concrete floors for easy cleanup. Compressed air and water lines are located throughout the building, and high bay LED lighting is installed throughout.
Key Highlights
- 2.57‑acre flex space facility built in 2021
- Approximately 60' x 180' building footprint with over 17' ceilings in main area
- Multiple overhead doors with openers
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
$83,284
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
5.95%
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%
$1,665,680
$1.7M
Cap Rate 7%
$1,189,771
$1.2M
Cap Rate 9%
$925,378
$925.4K
Market Conditions
NOI Build-Up for 10,800 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
$102.4K $9.48/SF
− Vacancy
−$4.4K −$0.41/SF
EGI
$98.0K $9.07/SF
− OpEx
−$14.7K −$1.36/SF
NOI
$83.3K $7.71/SF
Area
Franklin County, MO
Vacancy
4.30%
Lease Rate
$9.48 /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%
$1,665,680
Cap Rate 7%
$1,189,771
Cap Rate 9%
$925,378
Alternative Uses
Best Use
Warehouse
$1.19M
$1.04M – $1.39M
NOI $83,284 @ 7.0% cap · market cap 5.95%
Second Best
Industrial
$979.8K
$857.3K – $1.14M
NOI $68,587 @ 7.0% cap · market cap 4.90%
Theoretical Best
Office A
$3.18M
$2.78M – $3.71M
NOI $222,568 @ 7.0% cap · market cap 15.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
145
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 63068, MO
5,113
Population
2,442
Households
2.1
Avg Household Size
42
Median Age
25%
College-Educated
93%
High-School Grad
91.9 sq mi
ZIP Area
56
Density / Sq Mi
$81,750
Median Household Income
$45,349
Median Earnings
$825
Median Rent
$209,200
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Front Street Catering — 109 Seitter Dr, New Haven, MO 63068
Frequently Asked Questions
What type of property is this?
Flex space - Modern flex facility built in 2021 with central A/C, offices, mezzanine storage, and overhead doors.
Where is this flex space located?
The property is located at 303 Industrial Drive New Haven, MO.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 2.57‑acre flex space facility built in 2021; Approximately 60' x 180' building footprint with over 17' ceilings in main area; Multiple overhead doors with openers
