Flex Space on Development
For Sale
$325,000
1373 W FAIRVIEW Avenue, Carthage, MO 64836
COMMERCIAL - Carthage, MO
Property Size3,024 SF
Lot Size2.25 Acres
Price / SF$107.47
Days on Market327
Property Features for 1373 W FAIRVIEW Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
LOCATED AT THE INTERSECTION OF I49 AND EXIT 51 (FAIRVIEW AVE) NE CORNER
Subdivision
09 - Carthage Area
Standard status
Active
APN
02-140526-1000
Size
3,024 SF
Lot size
2.25 Acres
Taxes and HOA fees
Tax Annual Amount
386
Building Details
Roof type
Metal
Listing Agency:
PRO 100 Inc., REALTORS
(417) 782-0800
Listed By:
Jim Alyssa Hunter Team · License #2010009040
(417) 850-5355
Added: Sep 25, 2025
Changed: Aug 4
Last Checked: Aug 17 at 4:06AM
MLS# 255342
Copyright © 2026 Ozark Gateway Association of Realtors. 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.
The property consists of a 2.25-acre tract improved with a Morton building containing 3,024 square feet. The offering is for a single site that can support a variety of commercial development and operating configurations, with the building serving as the primary improvement on the parcel.
The site is described as being located on the entrance ramp of West Fairview Ave and I-49 in Carthage, Missouri. The road is characterized in the remarks as a high-traffic corridor, surrounded by industrial manufacturing and distribution, and serving both a large residential area and access to retail and restaurant areas.
The existing Morton building provides an immediate enclosed footprint while the underlying land offers development flexibility on this high-visibility approach to the interstate corridor.
The site is described as being located on the entrance ramp of West Fairview Ave and I-49 in Carthage, Missouri. The road is characterized in the remarks as a high-traffic corridor, surrounded by industrial manufacturing and distribution, and serving both a large residential area and access to retail and restaurant areas.
The existing Morton building provides an immediate enclosed footprint while the underlying land offers development flexibility on this high-visibility approach to the interstate corridor.
Key Highlights
- Prime location on entrance ramp of West Fairview Ave and I‑49.
- High traffic location suitable for commercial development.
- 2.25 acre tract.
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
$12,256
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
3.77%
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%
$245,120
$245.1K
Cap Rate 7%
$175,086
$175.1K
Cap Rate 9%
$136,178
$136.2K
Market Conditions
NOI Build-Up for 3,024 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
$18.1K $6.00/SF
− Vacancy
−$635 −$0.21/SF
EGI
$17.5K $5.79/SF
− OpEx
−$5.3K −$1.74/SF
NOI
$12.3K $4.05/SF
Area
Jasper County, MO
Vacancy
3.50%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
30.00%
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%
$245,120
Cap Rate 7%
$175,086
Cap Rate 9%
$136,178
Alternative Uses
Best Use
Industrial
$175.1K
$153.2K – $204.3K
NOI $12,256 @ 7.0% cap · market cap 3.77%
Second Best
Flex RnD
$158.4K
$138.6K – $184.8K
NOI $11,086 @ 7.0% cap · market cap 3.41%
Theoretical Best
Office A
$912.4K
$798.3K – $1.06M
NOI $63,867 @ 7.0% cap · market cap 19.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
39
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 64836, MO
25,334
Population
10,241
Households
2.5
Avg Household Size
37
Median Age
24%
College-Educated
82%
High-School Grad
184.1 sq mi
ZIP Area
138
Density / Sq Mi
$58,775
Median Household Income
$35,311
Median Earnings
$883
Median Rent
$157,700
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 - 2.25-acre tract with a Morton building totaling 3,024 SF on an entrance ramp off West Fairview Ave and I-49.
Where is this flex space located?
The property is located at 1373 W FAIRVIEW Avenue Carthage, MO.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Prime location on entrance ramp of West Fairview Ave and I‑49.; High traffic location suitable for commercial development.; 2.25 acre tract.
