Building Details

Year Built 2004

Buildings 1

Listing Agency: EXP Realty, LLC.

Listed By: Kelly Worley Show Phone

Source: Trilakeshomesearch

Added: Jan 25 Changed: Oct 1 Last Checked: Oct 16 at 9:00AM

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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 EXP Realty, LLC.

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Investment Insights

Based on property information with market context.

This 6,415 SF office building, constructed in 2004, has undergone extensive interior and exterior renovation. Improvements include HVAC systems installed in 2024, new flooring and doors, refreshed paint, updated stair railing, and loft access that expands usable space. The floor plan contains 15 private offices, four bathrooms, lounge and meeting areas, and a modernized kitchen equipped with a commercial range and grease trap.

Two garage areas provide additional flexibility. One includes a 10' overhead door and is currently configured as a workout room, while the other has been converted into a 17'9' x 24'4' conference room. Paved parking and a range of updated building systems complete the property’s functional office configuration.

Key Highlights

• 6,415 SF office building constructed in 2004
• 15 private offices and four bathrooms
• HVAC systems installed in 2024

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$66,395

Cap Rate

6.71%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,327,900 $1.3M

Cap Rate 7%

$948,500 $948.5K

Cap Rate 9%

$737,722 $737.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 6,415 SF

Gross rent

$96.2K $15.00/SF

− Vacancy

−$7.7K −$1.20/SF

EGI

$88.5K $13.80/SF

− OpEx

−$22.1K −$3.45/SF

NOI

$66.4K $10.35/SF

Area

Taney County, MO

Vacancy

8.00%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,327,900

Cap Rate 7%

$948,500

Cap Rate 9%

$737,722

Alternative Uses

Best Use

Office B

$948.5K

$829.9K – $1.11M (±1% cap)

NOI $66,395 @ 7.0% cap · market cap 6.71%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.25M

$1.10M – $1.46M (±1% cap)

NOI $87,757 @ 7.0% cap · market cap 8.87%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Office buildings

Suggested Use

Top Pick Auto Parts Store Big Box & Wholesale Store Gym & Fitness Center Restaurant Hotel & Motel Travel Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

20

Businesses Nearby

Explore this area Business Placement

Demographics for 65771, MO

1,375

Population

551

Households

2.5

Avg Household Size

44

Median Age

45%

College-Educated

96%

High-School Grad

36.0 sq mi

ZIP Area

38

Density / Sq Mi

$112,250

Median Household Income

$44,743

Median Earnings

$313,200

Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

Frequently Asked Questions

What type of property is this?

Office building - Fifteen private offices, updated restrooms, and shared meeting areas support varied professional operations.

Where is this office building located?

The property is located at 10923 State Highway 176 Walnut Shade, MO.

What is the asking price?

The asking price for this property is $989,000.

What are key features of this property?

This property features: 6,415 SF office building constructed in 2004; 15 private offices and four bathrooms; HVAC systems installed in 2024