Multi-Tenant Flex
New
For Sale
$1,779,000
123 Industrial Park Drive, Hollister, MO 65672
Commercial Sale, Hollister, MO
Property Size22,000 SF
Lot Size2.84 Acres
Price / SF$80.86
Days on Market6
Property Features for 123 Industrial Park Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
9
Full bathrooms
9
Rooms
Bathroom 5, Bathroom 7, Bathroom 6, Bathroom 3, Bathroom 9, Bathroom 2, Bathroom 1, Bathroom 8, Bathroom 4
Lot features
Level
Directions
From Hwy 65, Turn at College of the Ozarks intersection. Drive under Hwy 65 (east), continue past stop light at Orchard Road, continue on Industrial Park Drive, property on the left.
Standard status
Active
APN
174017000000001004
Lot size
2.84 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Lakes Area Industrial Park E 220.34' Lt 2; Rplt Lt
Tax Annual Amount
16050
Legal Description
Lakes Area Industrial Park E 220.34' Lt 2; Rplt Lt
Utilities
Utilities
Water Available
Heating system
Electric (Heating), Varies by Unit (Heating), Forced Air
Cooling system
Electric, Central Air
Building Details
Year built
2006
Number of units
5
Roof type
Metal
Listing Agency:
Murney Associates - Primrose
(417) 823-2300
Listed By:
Galen B Pellham · License #MO1999033935
(417) 839-0156
Added: Oct 12
Changed: Oct 17
Last Checked: Oct 17 at 7:06PM
MLS# 60335972
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.
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Investment Insights
Based on property information with market context.
This 22,000-square-foot flex property comprises two buildings on 2.84 acres and was built in 2006. Building 123 contains three units: 3,000 square feet leased to Zahner Gym, a vacant 6,000-square-foot unit, and 3,000 square feet leased to Fastenal. Building 125 has two 5,000-square-foot suites leased to one tenant. In total, 16,000 square feet is leased, while the vacant unit is covered by a six-month rent guarantee.
The buildings have overhead doors at the front and rear, supporting access through each suite. Improvements made since 2023 include parking lot resealing and restriping, HVAC replacements, LED lighting, a new water heater, and a 2024 renovation of Unit 123A. Further HVAC and water-heater replacements are dated 2026.
The buildings have overhead doors at the front and rear, supporting access through each suite. Improvements made since 2023 include parking lot resealing and restriping, HVAC replacements, LED lighting, a new water heater, and a 2024 renovation of Unit 123A. Further HVAC and water-heater replacements are dated 2026.
Key Highlights
- 22,000 SF across two buildings on 2.84 acres; built in 2006
- 16,000 SF leased across four suites, including tenants Zahner Gym and Fastenal
- 6,000 SF vacant unit with a six‑month rent guarantee
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.
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Property Analytics
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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
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Two buildings combine leased suites with a vacant unit available for occupancy.
Where is this flex space located?
The property is located at 123 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 SF across two buildings on 2.84 acres; built in 2006; 16,000 SF leased across four suites, including tenants Zahner Gym and Fastenal; 6,000 SF vacant unit with a six‑month rent guarantee
