Building Details

Year built 2023

Roof type Metal

Listing Agency: Cantrell Real Estate r***@cantrellre.com Show Phone

Listed By: Brent Cantrell · License #2003032115 Show Phone

Added: Sep 17, 2025 Changed: Sep 12 Last Checked: Sep 13 at 11:06PM

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MLS# 60305001

Copyright © 2026 Southern Missouri Regional MLS, LLC (SOMO). 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.

Built in 2023, this 18,625-square-foot industrial warehouse includes 2,625 square feet of office area with reception and private offices, along with 16,000 square feet of warehouse space. High ceilings, spray foam insulation, multiple overhead doors, two bathrooms, a metal roof, natural gas forced-air heat, and central air support a range of operational requirements. The configuration is suited to manufacturing, storage, or distribution uses.

The property occupies 1.92 acres at 40 Stone Creek Drive in Strafford, Missouri. Highway visibility, on-site parking, and convenient site access add practical value for business operations and customer or vendor arrivals.

Key Highlights

• 18,625‑square‑foot industrial building completed in 2023
• 2,625 square feet of office space with reception and private offices
• 16,000 square feet of warehouse/industrial space

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

$103,508

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

4.14%

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%

$2,070,160 $2.1M

Cap Rate 7%

$1,478,686 $1.5M

Cap Rate 9%

$1,150,089 $1.2M

Market Conditions

NOI Build-Up for 18,625 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

$167.6K $9.00/SF

− Vacancy

−$8.4K −$0.45/SF

EGI

$159.2K $8.55/SF

− OpEx

−$55.7K −$2.99/SF

NOI

$103.5K $5.56/SF

Area

Greene County, MO

Vacancy

5.00%

Lease Rate

$9.00 /SF/Yr

Expense Ratio

35.00%

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%

$2,070,160

Cap Rate 7%

$1,478,686

Cap Rate 9%

$1,150,089

Alternative Uses

Best Use

Flex RnD

$1.48M

$1.29M – $1.73M (±1% cap)

NOI $103,508 @ 7.0% cap · market cap 4.14%

Second Best

Industrial

$1.08M

$943.6K – $1.26M (±1% cap)

NOI $75,487 @ 7.0% cap · market cap 3.02%

Theoretical Best

Office A

$6.11M

$5.35M – $7.13M (±1% cap)

NOI $427,779 @ 7.0% cap · market cap 17.11%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Flex space

Location Intelligence

Trade Area within ½ mile

5

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 65757, MO

7,962

Population

3,130

Households

2.5

Avg Household Size

41

Median Age

24%

College-Educated

94%

High-School Grad

83.4 sq mi

ZIP Area

95

Density / Sq Mi

$76,809

Median Household Income

$48,256

Median Earnings

$1,007

Median Rent

$231,200

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this warehouses located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Warehouse - High-ceilinged facility with overhead doors, spray foam insulation, and convenient site access.

Where is this warehouse located?

The property is located at 40 Stone Creek Drive Strafford, MO.

What is the asking price?

The asking price for this property is $2,500,000.

What are key features of this property?

This property features: 18,625‑square‑foot industrial building completed in 2023; 2,625 square feet of office space with reception and private offices; 16,000 square feet of warehouse/industrial space