Self-Storage Portfolio with Climate
For Sale
$3,095,000
1061 Banning Street, Marshfield, MO 65706
Commercial Sale, Marshfield, MO
Property Size41,470 SF
Lot Size2.80 Acres
Price / SF$74.63
Days on Market103
Property Features for 1061 Banning Street
General Information
Property type
Commercial Sale
Property subtype
Other
Fencing
Chain Link, Perimeter
Directions
Traveling Hwy 44, take a Right onto Spur Drive, Left onto Banning and the property is on the Left. To get to Locust property from Banning Street, left onto Banning Street, Right onto N Pine Street, Left onto Commercial Street, Right onto S Locust Street and property on right.
Standard status
Active
APN
112004000000017000
Lot size
2.80 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
Lots 1 & 2 Shady Glenn Addition
Tax Annual Amount
37185
Legal Description
Lots 1 & 2 Shady Glenn Addition
Utilities
Utilities
Electricity Available
Heating system
Heat Pump (Heating), Electric (Heating)
Cooling system
Heat Pump, Electric
Amenities
full fencing
24/7 gate access
remotely monitored security systems
climate-controlled
drive up units
Building Details
Year built
2018
Number of units
346
Roof type
Metal
Listing Agency:
HomeCoin.com
(888) 400-2513
Listed By:
Jonathan Minerick · License #3477996
(888) 400-2513
Added: May 12
Changed: Aug 19
Last Checked: Aug 22 at 2:06AM
MLS# 60323268
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.
This self-storage portfolio includes two facilities located approximately 2 miles apart within Marshfield city limits. Together, the properties contain 346 storage units and more than 41,000 net rentable square feet, with drive-up access and climate-controlled units served by all-electric heat-pump HVAC systems. Both sites include perimeter fencing, 24/7 gate access, and remotely monitored security with automated lockouts and code changes through ESS software.
The Banning Street facility at 1061 Banning St. occupies approximately 1.43 acres and includes 164 units, about 20,910 net rentable square feet, and four outdoor parking spaces. It is zoned R-3. The Locust Street facility at 423 S Locust St. spans approximately 1.37 acres and includes 182 units and about 20,560 net rentable square feet; zoning is B1/B3. Both properties were built in 2018 and have the ability to connect to public water and sewer. The Banning site also includes outdoor storage spots, and both locations can accommodate small building additions.
The Banning Street facility at 1061 Banning St. occupies approximately 1.43 acres and includes 164 units, about 20,910 net rentable square feet, and four outdoor parking spaces. It is zoned R-3. The Locust Street facility at 423 S Locust St. spans approximately 1.37 acres and includes 182 units and about 20,560 net rentable square feet; zoning is B1/B3. Both properties were built in 2018 and have the ability to connect to public water and sewer. The Banning site also includes outdoor storage spots, and both locations can accommodate small building additions.
Key Highlights
- 346 total storage units across two facilities
- More than 41,000 net rentable sq. ft. combined
- 24/7 gate access with perimeter fencing and remotely monitored security
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
$161,503
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
5.22%
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%
$3,230,060
$3.2M
Cap Rate 7%
$2,307,186
$2.3M
Cap Rate 9%
$1,794,478
$1.8M
Market Conditions
NOI Build-Up for 41,470 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
$194.1K $4.68/SF
− Vacancy
−$4.1K −$0.10/SF
EGI
$190.0K $4.58/SF
− OpEx
−$28.5K −$0.69/SF
NOI
$161.5K $3.89/SF
Area
Webster County, MO
Vacancy
2.10%
Lease Rate
$4.68 /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%
$3,230,060
Cap Rate 7%
$2,307,186
Cap Rate 9%
$1,794,478
Alternative Uses
Best Use
Self Storage
$4.81M
$4.21M – $5.61M
NOI $336,504 @ 7.0% cap · market cap 10.87%
Second Best
Warehouse
$2.31M
$2.02M – $2.69M
NOI $161,503 @ 7.0% cap · market cap 5.22%
Theoretical Best
Office A
$6.26M
$5.48M – $7.30M
NOI $438,142 @ 7.0% cap · market cap 14.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
225
Businesses Nearby
Explore this area
Business Placement
Demographics for 65706, MO
15,784
Population
7,070
Households
2.2
Avg Household Size
40
Median Age
21%
College-Educated
91%
High-School Grad
180.0 sq mi
ZIP Area
88
Density / Sq Mi
$76,304
Median Household Income
$40,264
Median Earnings
$780
Median Rent
$234,400
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.
Frequently Asked Questions
What type of property is this?
Self storage facility - Two established facilities provide drive-up access, monitored security, and all-electric heat-pump climate control.
Where is this self storage facility located?
The property is located at 1061 Banning Street Marshfield, MO.
What is the asking price?
The asking price for this property is $3,095,000.
What are key features of this property?
This property features: 346 total storage units across two facilities; More than 41,000 net rentable sq. ft. combined; 24/7 gate access with perimeter fencing and remotely monitored security
