Two-Building Industrial
For Sale
$1,779,000
123 Industrial Park Dr, Hollister, MO 65672
The property pairs occupied industrial space with a vacant unit suited to a new tenant or owner-user.
Property Size22,000 SF
Price / SF$80.86
Days on Market28
Property Features for 123 Industrial Park Dr
General Information
Standard status
Active
Size
22,000 SF
Property subtype
Commercial
Additional Details
Road Access
Yes
Drive-In Doors
7
Tenant in Place
Yes
Building Details
Year Built
2006
Buildings
2
Tenancy
Multi
Listing Agency:
Murney Associates - Primrose
Listed By:
Galen B Pellham · License #MO1999033935
(417) 839-0156
Source:
Trilakeshomesearch
Added: Oct 1
Changed: Oct 27
Last Checked: Oct 28 at 8:34AM
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 - Primrose
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Investment Insights
Based on property information with market context.
Two industrial buildings contain 22,000 SF of space. The front building totals 12,000 SF across three units: one 3,000 SF unit is leased to Zahner Gym, a 6,000 SF unit is vacant, and a 3,000 SF unit is leased to Fastenal. Each unit has street frontage and rear access through a 10'x14' overhead door.
The second, 10,000 SF building sits behind the first and is configured as two 5,000 SF suites, both leased to one tenant. Each suite has a 12'x14' overhead door at the front and rear. In total, 16,000 SF is leased, and the seller guarantees rent on the vacant space for six months.
Capital work since 2023 includes parking lot resealing and restriping, HVAC replacements, LED lighting, water heaters, and a 2024 renovation of one unit that included an expanded restroom and new demising walls. The property was built in 2006.
The second, 10,000 SF building sits behind the first and is configured as two 5,000 SF suites, both leased to one tenant. Each suite has a 12'x14' overhead door at the front and rear. In total, 16,000 SF is leased, and the seller guarantees rent on the vacant space for six months.
Capital work since 2023 includes parking lot resealing and restriping, HVAC replacements, LED lighting, water heaters, and a 2024 renovation of one unit that included an expanded restroom and new demising walls. The property was built in 2006.
Key Highlights
- 22,000 SF across two industrial buildings
- 16,000 SF leased, including space occupied by Fastenal
- Vacant 6,000 SF unit; seller guarantees rent for six months
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
Warehouse
$2.28M
$2.00M – $2.66M
NOI $159,885 @ 7.0% cap · market cap 8.99%
Second Best
Industrial
$1.88M
$1.65M – $2.19M
NOI $131,670 @ 7.0% cap · market cap 7.40%
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.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
7
Drive-in doors
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
342
Businesses Nearby
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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
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Industrial property - The property pairs occupied industrial space with a vacant unit suited to a new tenant or owner-user.
Where is this industrial property located?
The property is located at 123 Industrial Park Dr 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 SF across two industrial buildings; 16,000 SF leased, including space occupied by Fastenal; Vacant 6,000 SF unit; seller guarantees rent for six months
