Flex Development Tract with Morton
For Sale
$325,000
1373 W Fairview Avenue Carthage, Carthage, MO 64836
For-sale tract with a Morton building on a high-traffic interstate entrance corridor for flexible commercial uses.
Property Size3,024 SF
Lot Size2.25 Acres
Price / SF$107.47
Days on Market49
Property Features for 1373 W Fairview Avenue Carthage
General Information
Standard status
Active
Size
3,024 SF
Lot size
2.25 Acres
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$444
Amenities
Level
2.25
20+ Spaces,Parking Lot
3024
Building Details
Building Size
3,024 SF
Year Built
1990
Listing Agency:
RE/MAX SHOWTIME
(417) 294-1629
Listed By:
Jon Holloway
(417) 294-1629
Source:
Jonholloway.showtimeproperties
Added: Jun 30
Changed: Aug 7
Last Checked: Aug 16 at 3:15AM
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 RE/MAX SHOWTIME
Investment Insights
Based on property information with market context.
This for-sale commercial development tract includes approximately 2.25 acres and an existing Morton building totaling 3,024 square feet. The property offers a ready-to-use enclosed structure that can support a range of commercial applications consistent with flex and industrial activity.
Located on an entrance ramp off West Fairview Avenue and I-49 in Carthage, the site benefits from high-traffic exposure. The surrounding area is described as a mix of industrial manufacturing and distribution, with the corridor also serving a large residential area and functioning as a main artery into the retail and restaurant areas of Carthage.
With an existing building and an accessible site on a heavily traveled approach, the property may be well-suited for buyers seeking a development-ready location that can accommodate multiple commercial directions. Uses are described broadly for retail or other commercial purposes, and the enclosed Morton building provides an immediate footprint for an operator or developer to plan from. Agent/owner notes suggest the site may offer flexibility for tenant-specific requirements based on the buyer’s intended concept.
Located on an entrance ramp off West Fairview Avenue and I-49 in Carthage, the site benefits from high-traffic exposure. The surrounding area is described as a mix of industrial manufacturing and distribution, with the corridor also serving a large residential area and functioning as a main artery into the retail and restaurant areas of Carthage.
With an existing building and an accessible site on a heavily traveled approach, the property may be well-suited for buyers seeking a development-ready location that can accommodate multiple commercial directions. Uses are described broadly for retail or other commercial purposes, and the enclosed Morton building provides an immediate footprint for an operator or developer to plan from. Agent/owner notes suggest the site may offer flexibility for tenant-specific requirements based on the buyer’s intended concept.
Key Highlights
- 2.25‑acre level commercial development tract with a Morton building totaling 3,024 SF
- Building constructed in 1990
- 20+ space parking lot on‑site
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
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
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Similar Off Market Nearby
- Street Side Cafe Food Truck — 2110 E Fairview Ave, Carthage, MO 64836
Frequently Asked Questions
What type of property is this?
Flex space - For-sale tract with a Morton building on a high-traffic interstate entrance corridor for flexible commercial uses.
Where is this flex space located?
The property is located at 1373 W Fairview Avenue Carthage 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: 2.25‑acre level commercial development tract with a Morton building totaling 3,024 SF; Building constructed in 1990; 20+ space parking lot on‑site
