Mixed-Use Building with Open
For Sale
$525,000
95 Independence Drive, Union, MO 63084
Two levels of adaptable interior space have multiple entrances on each floor.
Property Size3,840 SF
Price / SF$136.72
Days on Market642
Property Features for 95 Independence Drive
General Information
Standard status
Active
Size
3,840 SF
Total Parking Spaces
11
Property subtype
Commercial
Site & Location
Traffic Count
20,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$5,530
Building Details
Building Size
3,840 SF
Year Built
2019
Buildings
1
Stories
2
Listing Agency:
Flowers Home Realty
(636) 348-0222
Listed By:
Marletta Flowers
(314) 614-8707
Source:
Flowershomerealty
Added: Jan 20, 2025
Changed: Oct 23
Last Checked: Oct 23 at 1:26PM
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 Flowers Home Realty
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Investment Insights
Based on property information with market context.
This 3,840-square-foot mixed-use property, built in 2019, has two open floors with multiple entrances on each level. The interior is described as white-box-ready, allowing for a range of configurations. Eleven parking spaces serve the property, and a drive-through may be possible.
The property is at a signalized intersection on Highway 47 in Union, between Washington and Union. Reported traffic volume exceeds 20,000 vehicles per day. Highway frontage and the intersection provide access and exposure from the roadway.
The property is at a signalized intersection on Highway 47 in Union, between Washington and Union. Reported traffic volume exceeds 20,000 vehicles per day. Highway frontage and the intersection provide access and exposure from the roadway.
Key Highlights
- 3,840 square feet across two floors
- Built in 2019
- Multiple entrances on each floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,016
Cap Rate
7.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$760,320
$760.3K
Cap Rate 7%
$543,086
$543.1K
Cap Rate 9%
$422,400
$422.4K
Market Conditions
NOI Build-Up for 3,840 SF
Gross rent
$69.1K $18.00/SF
− Vacancy
−$8.3K −$2.16/SF
EGI
$60.8K $15.84/SF
− OpEx
−$22.8K −$5.94/SF
NOI
$38.0K $9.90/SF
Area
Franklin County, MO
Vacancy
12.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$760,320
Cap Rate 7%
$543,086
Cap Rate 9%
$422,400
Alternative Uses
Best Use
Mixed Use
$543.1K
$475.2K – $633.6K
NOI $38,016 @ 7.0% cap · market cap 7.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.13M
$989.2K – $1.32M
NOI $79,135 @ 7.0% cap · market cap 15.07%
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
20,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
131
Businesses Nearby
Explore this area
Business Placement
Demographics for 63084, MO
19,500
Population
8,511
Households
2.3
Avg Household Size
38
Median Age
21%
College-Educated
90%
High-School Grad
76.3 sq mi
ZIP Area
256
Density / Sq Mi
$72,332
Median Household Income
$42,327
Median Earnings
$852
Median Rent
$221,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two levels of adaptable interior space have multiple entrances on each floor.
Where is this mixed-use property located?
The property is located at 95 Independence Drive Union, MO.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 3,840 square feet across two floors; Built in 2019; Multiple entrances on each floor
