Two-Building Office
For Sale
$1,295,000
103-105 S 3rd Street, Ozark, MO 65721
Fully leased commercial package in downtown Ozark with central air.
Property Size5,700 SF
Price / SF$227.19
Days on Market388
Property Features for 103-105 S 3rd Street
General Information
Standard status
Active
Size
5,700 SF
Property subtype
Office
Occupancy
100%
Taxes and HOA fees
Annual Taxes
$9,021
Amenities
Central Air
3
City
192X210
Building Details
Year Built
2020
Buildings
2
Listing Agency:
Estes Stancer Commercial Group
(417) 619-4481
Listed By:
Kyle Estes · License #2004031075
(417) 619-4481
Source:
Xome
Added: Aug 9, 2025
Changed: Aug 29
Last Checked: Aug 30 at 3:18PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Estes Stancer Commercial Group
Investment Insights
Based on property information with market context.
This office property package includes two commercial buildings, both currently fully leased. The assets are located at 103–105 S 3rd Street in downtown Ozark and were built in 2020. Central air is identified among the interior features, providing a shared building characteristic across the offering.
Key Highlights
- Two commercial buildings included in one offering
- Both buildings are fully leased
- Located at 103–105 S 3rd Street in downtown Ozark
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
$45,167
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
3.49%
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%
$903,340
$903.3K
Cap Rate 7%
$645,243
$645.2K
Cap Rate 9%
$501,856
$501.9K
Market Conditions
NOI Build-Up for 5,700 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
$62.9K $11.04/SF
− Vacancy
−$2.7K −$0.47/SF
EGI
$60.2K $10.57/SF
− OpEx
−$15.1K −$2.64/SF
NOI
$45.2K $7.92/SF
Area
Christian County, MO
Vacancy
4.30%
Lease Rate
$11.04 /SF/Yr
Expense Ratio
25.00%
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%
$903,340
Cap Rate 7%
$645,243
Cap Rate 9%
$501,856
Alternative Uses
Best Use
Office B
$645.2K
$564.6K – $752.8K
NOI $45,167 @ 7.0% cap · market cap 3.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$860.3K
$752.8K – $1.00M
NOI $60,222 @ 7.0% cap · market cap 4.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
467
Businesses Nearby
Explore this area
Business Placement
Demographics for 65721, MO
32,975
Population
13,467
Households
2.4
Avg Household Size
36
Median Age
35%
College-Educated
93%
High-School Grad
95.9 sq mi
ZIP Area
344
Density / Sq Mi
$76,552
Median Household Income
$41,653
Median Earnings
$991
Median Rent
$253,700
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Fully leased commercial package in downtown Ozark with central air.
Where is this office building located?
The property is located at 103-105 S 3rd Street Ozark, MO.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: Two commercial buildings included in one offering; Both buildings are fully leased; Located at 103–105 S 3rd Street in downtown Ozark
