Flex Building with Walk-In
For Sale
$285,000
Pending
1306 Azalea Street, Buffalo, MO 65622
Commercial Sale, Buffalo, MO
Property Size6,400 SF
Lot Size1.25 Acres
Days on Market308
Property Features for 1306 Azalea Street
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Directions
From Springfield go N Hwy 65 to Buffalo turn left on Truman st to Azalea st turn right to property on the right
Standard status
Pending
APN
09-8.0-34-000-000-001.020
Lot size
1.25 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
5201
Utilities
Utilities
Water Available
Heating system
Electric (Heating)
Cooling system
Central Air, Electric
Building Details
Year built
2013
Roof type
Metal
Listing Agency:
Century 21 Peterson Real Estate · Century 21 Real Estate
(417) 326-3900
Listed By:
Darin Peterson · License #2001015127
(417) 327-7013
Added: Oct 25, 2025
Changed: Aug 19
Last Checked: Aug 28 at 7:06AM
MLS# 60308427
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.
Investment Insights
Based on property information with market context.
Built in 2013, this 6,400-square-foot flex property occupies 1.25 acres and combines business, service, and operational areas within one commercial building. Interior features include a dedicated office area, two bathrooms, a meeting room, three floor drainage grates, and a walk-in cooler. The drainage infrastructure and cooler add practical functionality for a range of storage, preparation, maintenance, or production activities supported by the existing improvements.
The site includes both well water and city water, with water available to the property. Central air conditioning and electric heat serve the building, while the metal roof provides the primary roof covering. The acreage also provides room for parking and truck access, with additional outdoor area available for future expansion as described in the property information. The property is located at 1306 Azalea Street in Buffalo, Missouri 65622.
The site includes both well water and city water, with water available to the property. Central air conditioning and electric heat serve the building, while the metal roof provides the primary roof covering. The acreage also provides room for parking and truck access, with additional outdoor area available for future expansion as described in the property information. The property is located at 1306 Azalea Street in Buffalo, Missouri 65622.
Key Highlights
- 6,400‑square‑foot flex building on 1.25 acres
- Built in 2013 with a metal roof
- Dedicated office area, meeting room, and 2 bathrooms
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
$24,925
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
8.75%
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%
$498,500
$498.5K
Cap Rate 7%
$356,071
$356.1K
Cap Rate 9%
$276,944
$276.9K
Market Conditions
NOI Build-Up for 6,400 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
$30.0K $4.68/SF
− Vacancy
−$629 −$0.10/SF
EGI
$29.3K $4.58/SF
− OpEx
−$4.4K −$0.69/SF
NOI
$24.9K $3.89/SF
Area
Dallas County, MO
Vacancy
2.10%
Lease Rate
$4.68 /SF/Yr
Expense Ratio
15.00%
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%
$498,500
Cap Rate 7%
$356,071
Cap Rate 9%
$276,944
Alternative Uses
Best Use
Warehouse
$356.1K
$311.6K – $415.4K
NOI $24,925 @ 7.0% cap · market cap 8.75%
Second Best
Industrial
$293.2K
$256.6K – $342.1K
NOI $20,526 @ 7.0% cap · market cap 7.20%
Theoretical Best
Office A
$966.0K
$845.2K – $1.13M
NOI $67,618 @ 7.0% cap · market cap 23.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
209
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 65622, MO
8,461
Population
3,517
Households
2.4
Avg Household Size
42
Median Age
19%
College-Educated
91%
High-School Grad
151.4 sq mi
ZIP Area
56
Density / Sq Mi
$44,231
Median Household Income
$38,426
Median Earnings
$659
Median Rent
$143,200
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Includes office space, two bathrooms, a meeting room, floor drains, and a walk-in cooler.
Where is this flex space located?
The property is located at 1306 Azalea Street Buffalo, MO.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: 6,400‑square‑foot flex building on 1.25 acres; Built in 2013 with a metal roof; Dedicated office area, meeting room, and 2 bathrooms
