Building Details

Building Size 7,500 SF

Year Built 2023

Listing Agency: Show Phone

Listed By: Trimble Team Show Phone

Source: Karentrimble.exprealty

Added: Jun 27 Changed: Aug 14 Last Checked: Aug 20 at 4:22AM

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Investment Insights

Based on property information with market context.

Built only about three years ago, this modern multi-unit warehouse property features individually metered units configured with an office and a bathroom. Each unit is described as 1,500 square feet. Unit A includes two offices and a bathroom with a shower, and also has an AC unit; the offices are heated and cooled using PTAC-style units. The property is fenced and includes plenty of parking, with frames provided above the doors for tenant signage.

The property is located at 125 Mandolin Drive in Kirbyville, MO, with the convenience of being less than 10 minutes to downtown Branson. Units are currently rented in addition to one vacant unit (Unit E), which is available for showings. Tenants pay their own electric, and the listing notes that water and sewer are provided. A trash dumpster is also provided.

For buyers and operators, the layout supports a mix of light industrial and office-oriented use, with built-in restroom and office space in every unit. Unit E offers an immediate option for an owner-operator to occupy while others remain leased, and the stated in-place rents range from $1,000 to $1,300 per month depending on the unit configuration.

Key Highlights

• 2023‑built warehouse with multiple fenced units on a 0.3‑acre level lot
• Each unit offers 1,500 SF with an office and a bathroom
• Unit A includes 2 offices and a bathroom with a shower, plus an AC unit

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

$59,389

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

7.16%

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%

$1,187,780 $1.2M

Cap Rate 7%

$848,414 $848.4K

Cap Rate 9%

$659,878 $659.9K

Market Conditions

NOI Build-Up for 7,500 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

$97.2K $12.96/SF

− Vacancy

−$5.8K −$0.78/SF

EGI

$91.4K $12.18/SF

− OpEx

−$32.0K −$4.26/SF

NOI

$59.4K $7.92/SF

Area

Taney County, MO

Vacancy

6.00%

Lease Rate

$12.96 /SF/Yr

Expense Ratio

35.00%

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%

$1,187,780

Cap Rate 7%

$848,414

Cap Rate 9%

$659,878

Alternative Uses

Best Use

Flex RnD

$848.4K

$742.4K – $989.8K (±1% cap)

NOI $59,389 @ 7.0% cap · market cap 7.16%

Second Best

Warehouse

$778.7K

$681.3K – $908.4K (±1% cap)

NOI $54,506 @ 7.0% cap · market cap 6.57%

Theoretical Best

Office A

$1.47M

$1.28M – $1.71M (±1% cap)

NOI $102,600 @ 7.0% cap · market cap 12.36%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Flex space

Lease Details

Yes

Fenced yard

Location Intelligence

Trade Area within ½ mile

3

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 65679, MO

2,569

Population

1,517

Households

1.7

Avg Household Size

41

Median Age

18%

College-Educated

90%

High-School Grad

51.3 sq mi

ZIP Area

50

Density / Sq Mi

$49,147

Median Household Income

$33,668

Median Earnings

$849

Median Rent

$191,800

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Flex space - Fenced, three-year-old warehouse units each include an office and bathroom, with most units currently rented.

Where is this flex space located?

The property is located at 125 Mandolin Drive Kirbyville Kirbyville, MO.

What is the asking price?

The asking price for this property is $829,900.

What are key features of this property?

This property features: 2023‑built warehouse with multiple fenced units on a 0.3‑acre level lot; Each unit offers 1,500 SF with an office and a bathroom; Unit A includes 2 offices and a bathroom with a shower, plus an AC unit