Flex Space with Office
For Sale
Contact for pricing
1142 E Center St, Rogersville, MO 65742
Commercially zoned flex space combines office functionality with shop and warehouse uses.
Property Size7,200 SF
Price / SF$118.06
Days on Market133
Property Features for 1142 E Center St
General Information
Standard status
Active
Size
7,200 SF
Property subtype
Industrial, Mixed Use, Office, Self Storage, Special Purpose
Zoning
Commercial
Building Details
Year Built
2004
Buildings
1
Stories
2
Tenancy
Single
Listing Agency:
KW Greater Springfield
(417) 883-4900
Listed By:
Rhett Smillie · License #MO 1999096866
Source:
Crexi
Added: Apr 20
Changed: Aug 29
Last Checked: Aug 30 at 7:32PM
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 KW Greater Springfield
Investment Insights
Based on property information with market context.
This flex property offers 7,200 square feet across two levels, with 6,000 square feet on the main floor and 1,200 square feet upstairs. Approximately 2,400 square feet is dedicated to office space, complemented by two bathrooms and a kitchenette. The layout supports shop, warehouse, and mixed-use operations within a single commercial building.
Constructed in 2004, the property has 10-foot foundation walls, a roof installed in 2025, and a shop furnace added in 2025. The building is currently served by well and septic, with a no-cost option to connect to public water. Highway access is described as only minutes away.
Constructed in 2004, the property has 10-foot foundation walls, a roof installed in 2025, and a shop furnace added in 2025. The building is currently served by well and septic, with a no-cost option to connect to public water. Highway access is described as only minutes away.
Key Highlights
- 7,200 SF building with 6,000 SF main level and 1,200 SF upper level
- Approximately 2,400 SF of dedicated office space
- Commercial zoning supports the stated commercial property use
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
$57,053
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
6.71%
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%
$1,141,060
$1.1M
Cap Rate 7%
$815,043
$815.0K
Cap Rate 9%
$633,922
$633.9K
Market Conditions
NOI Build-Up for 7,200 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
$79.5K $11.04/SF
− Vacancy
−$3.4K −$0.47/SF
EGI
$76.1K $10.57/SF
− OpEx
−$19.0K −$2.64/SF
NOI
$57.1K $7.92/SF
Area
Webster 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%
$1,141,060
Cap Rate 7%
$815,043
Cap Rate 9%
$633,922
Alternative Uses
Best Use
Office B
$815.0K
$713.2K – $950.9K
NOI $57,053 @ 7.0% cap · market cap 6.71%
Second Best
Mixed Use
$769.5K
$673.3K – $897.8K
NOI $53,865 @ 7.0% cap · market cap 6.34%
Theoretical Best
Office A
$1.09M
$950.9K – $1.27M
NOI $76,070 @ 7.0% cap · market cap 8.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
14
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 65742, MO
12,807
Population
5,589
Households
2.3
Avg Household Size
40
Median Age
29%
College-Educated
94%
High-School Grad
118.5 sq mi
ZIP Area
108
Density / Sq Mi
$75,391
Median Household Income
$41,981
Median Earnings
$829
Median Rent
$276,800
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?
Flex space - Commercially zoned flex space combines office functionality with shop and warehouse uses.
Where is this flex space located?
The property is located at 1142 E Center St Rogersville, MO.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 7,200 SF building with 6,000 SF main level and 1,200 SF upper level; Approximately 2,400 SF of dedicated office space; Commercial zoning supports the stated commercial property use
