Building Details

Buildings 2

Listed By: Rick Messey Show Phone

Source: Cbre

Added: Sep 1 Changed: Sep 9 Last Checked: Sep 13 at 5:20AM

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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 Rick Messey

Investment Insights

Based on property information with market context.

This manufacturing property comprises two standalone buildings totaling 16,300 square feet on 3.35 acres of commercial-industrial zoned land. The improvements are connected by a secured 1-acre compound enclosed with a heavy-duty security fence and accessed through a 20-foot-wide gate, providing controlled storage and equipment access.

The property fronts Interstate 70 in Wright City, Missouri, with reported traffic exceeding 50,000 vehicles per day. A prominent backlit billboard-style sign provides visibility for the property, occupants, or business operations. The combination of substantial building area, secured outdoor space, highway exposure, and industrial zoning creates a functional setting for manufacturing and related commercial uses.

Key Highlights

• Two standalone buildings totaling 16,300 square feet
• 3.35 acres of commercial‑industrial zoned land
• Direct Interstate 70 exposure with over 50,000 vehicles per day

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

$80,220

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

3.82%

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%

$1,604,400 $1.6M

Cap Rate 7%

$1,146,000 $1.1M

Cap Rate 9%

$891,333 $891.3K

Market Conditions

NOI Build-Up for 16,300 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

$97.8K $6.00/SF

− Vacancy

−$3.4K −$0.21/SF

EGI

$94.4K $5.79/SF

− OpEx

−$14.2K −$0.87/SF

NOI

$80.2K $4.92/SF

Area

Warren County, MO

Vacancy

3.50%

Lease Rate

$6.00 /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%

$1,604,400

Cap Rate 7%

$1,146,000

Cap Rate 9%

$891,333

Alternative Uses

Best Use

Warehouse

$1.15M

$1.00M – $1.34M (±1% cap)

NOI $80,220 @ 7.0% cap · market cap 3.82%

Second Best

Industrial

$943.8K

$825.8K – $1.10M (±1% cap)

NOI $66,064 @ 7.0% cap · market cap 3.15%

Theoretical Best

Office A

$4.03M

$3.53M – $4.70M (±1% cap)

NOI $282,176 @ 7.0% cap · market cap 13.44%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Fox Creek Furniture Furniture & Home Goods FoxCreek Custom Cabinets General Contractor

Suggested Use

Top Pick Building Supply HVAC Service Dental Office Grocery & Convenience Store Big Box & Wholesale Store Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Fenced yard

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

140

Businesses Nearby

Explore this area Business Placement

Demographics for 63390, MO

11,982

Population

5,681

Households

2.1

Avg Household Size

38

Median Age

24%

College-Educated

84%

High-School Grad

78.2 sq mi

ZIP Area

153

Density / Sq Mi

$79,803

Median Household Income

$42,297

Median Earnings

$872

Median Rent

$244,500

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

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this manufacturing properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Manufacturing property - Two standalone buildings offer industrial functionality on commercially zoned land with direct Interstate 70 exposure.

Where is this manufacturing property located?

The property is located at 15970 East Veterans Memorial Parkway Wright City, MO.

What is the asking price?

The asking price for this property is $2,100,000.

What are key features of this property?

This property features: Two standalone buildings totaling 16,300 square feet; 3.35 acres of commercial‑industrial zoned land; Direct Interstate 70 exposure with over 50,000 vehicles per day