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    The Largest CRE Database in the US with Over 1 Million Listings

    128 10Th St Lamar, MO 64759

    Sponsored
    For Sale
    Contact for pricing

    Modern office hub, pet-friendly, flexible lease.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    358
    This exceptional commercial property located at 128 W 10th Street Unit B, Lamar, MO, offers a unique opportunity for entrepreneurs, freelancers, and remote workers seeking a professional and convenient workspace. The property is a general commercial space situated on a one-acre lot and features individual upscale office hubs providing 24/7 access. The large office space boasts a base monthly rent of $550, with a minimum six-month lease term. A one-month security deposit is required. Additional fees apply, including a one-time $50 internet setup fee, a $15 monthly cleaning fee, and a $50 monthly furniture rental fee. Utilities and internet are bundled at $75 per month, resulting in an all-inclusive monthly cost of $690. Pet-friendly options are available with a $25 monthly pet fee and a $150 pet deposit, contingent upon providing up-to-date pet shot records and signing a leaser liability pet agreement. A state-of-the-art podcast room is available for rent by appointment at $25 per hour. Exercise equipment is also available for an additional $25 monthly fee (no guests allowed). Convenient shower and towel service is included. The property is listed at $640,000.

    Property Features for 128 10Th St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    43,560 SF

    Building Details

    Year Built
    2021

    We can help!

    Listing Contact
    Shannon Frieling

    Learn more

    Property Insight Report
    Property Profile Location Intelligence

    Current Use by Public Records

    Blaser Realty Real Estate Agency Mc Manis Insurance Insurance Agency PHHC Inc Health ... Home Health Care Service X Changer 2 Newspaper Advertising Department

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lamar
    County
    Barton
    State
    Missouri
    Longitude
    -94.27697
    Latitude
    37.49609

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      Modern office suites, pet-friendly, flexible lease.
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      Modern office hub, pet-friendly, flexible lease.
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      Upscale Lamar Office Space Available

      Modern office hub, pet-friendly, flexible lease.
      128 10Th St, Lamar, MO 64759
      View Details
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      Prime Lamar office, pet-friendly, all-inclusive.
      128 10Th St, Lamar, MO 64759
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      Modern office hub, pet-friendly, flexible lease.
      128 10Th St, Lamar, MO 64759
      View Details
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    FAQs

    What type of property is this?
    Commercial real estate - Modern office hub, pet-friendly, flexible lease.
    Where is this commercial real estate located?
    The property is located at 128 10Th St Lamar, MO.
    What is the asking price?
    The asking price for this property is $640.
    (417) 623-9900
    Request Owner's contact information
    128 10Th St Lamar, MO 64759
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    Lamar, MO 64759
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    128 10Th St Lamar, MO 64759
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    We can help!
    Listing Contact
    Shannon Frieling
    (417) 623-9900
    Learn more
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