Multi-Tenant Flex Space with Overhead
123-125 Industrial Park Drive, Hollister, MO 65672
For Sale
Contact for pricing
Two buildings combine occupied suites with a 6,000-square-foot vacancy and recent property upgrades.
Property Size22,000 SF
Price / SF$80.86
Days on Market27
Property Features for 123-125 Industrial Park Drive
General Information
Standard status
Size
Property subtype
Additional Details
Tenant in Place
Property Use
Building Details
Buildings
Tenancy
Listing Agency:
Murney Associates
Listed By:
Galen Pellham · License MO #1999033935
(417) 839-0156
Source:
Crexi
Added: Oct 15
Changed: Nov 8
Last Checked: Nov 8 at 3:56PM
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 Murney Associates
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Two buildings totaling 22,000 square feet make up this multi-tenant flex property. The 12,000-square-foot building at 123 Industrial Park Drive has three bays: a 3,000-square-foot suite leased to Zahner Gym, a vacant 6,000-square-foot suite, and a 3,000-square-foot suite leased to Fastenal. Each has street frontage and rear access through a 12-by-14-foot overhead door. Behind it, the 10,000-square-foot building at 125 contains two 5,000-square-foot suites leased to one tenant. Each suite has a 12-by-14-foot overhead door at both the front and rear.
Improvements since 2023 include a resealed and restriped parking lot, HVAC replacements, LED lighting, a water heater, and a 2024 renovation of suite 123A that included updated lighting, paint, an expanded restroom, and new demising walls. In total, 16,000 square feet is leased, while the 6,000-square-foot vacancy is available for occupancy or leasing.
Improvements since 2023 include a resealed and restriped parking lot, HVAC replacements, LED lighting, a water heater, and a 2024 renovation of suite 123A that included updated lighting, paint, an expanded restroom, and new demising walls. In total, 16,000 square feet is leased, while the 6,000-square-foot vacancy is available for occupancy or leasing.
Key Highlights
- 22,000 square feet across two buildings
- 12,000‑square‑foot building with three bays; one 6,000‑square‑foot suite is vacant
- 10,000‑square‑foot rear building comprises two 5,000‑square‑foot suites leased to one tenant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$159,885
Cap Rate
8.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,197,700
$3.2M
Cap Rate 7%
$2,284,071
$2.3M
Cap Rate 9%
$1,776,500
$1.8M
Market Conditions
NOI Build-Up for 22,000 SF
Gross rent
$198.0K $9.00/SF
− Vacancy
−$9.9K −$0.45/SF
EGI
$188.1K $8.55/SF
− OpEx
−$28.2K −$1.28/SF
NOI
$159.9K $7.27/SF
Area
Taney County, MO
Vacancy
5.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,197,700
Cap Rate 7%
$2,284,071
Cap Rate 9%
$1,776,500
Alternative Uses
Best Use
Flex RnD
$2.49M
$2.18M – $2.90M
NOI $174,208 @ 7.0% cap · market cap 9.79%
Second Best
Warehouse
$2.28M
$2.00M – $2.66M
NOI $159,885 @ 7.0% cap · market cap 8.99%
Theoretical Best
Office A
$4.30M
$3.76M – $5.02M
NOI $300,960 @ 7.0% cap · market cap 16.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
342
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 65672, MO
8,548
Population
4,696
Households
1.8
Avg Household Size
43
Median Age
26%
College-Educated
93%
High-School Grad
57.0 sq mi
ZIP Area
150
Density / Sq Mi
$60,407
Median Household Income
$29,235
Median Earnings
$878
Median Rent
$172,600
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Two buildings combine occupied suites with a 6,000-square-foot vacancy and recent property upgrades.
Where is this flex space located?
The property is located at 123-125 Industrial Park Drive Hollister, MO.
What is the asking price?
The asking price for this property is $1,779,000.
What are key features of this property?
This property features: 22,000 square feet across two buildings; 12,000‑square‑foot building with three bays; one 6,000‑square‑foot suite is vacant; 10,000‑square‑foot rear building comprises two 5,000‑square‑foot suites leased to one tenant
