Freestanding Flex Space with Shop
For Sale
$600,000
1510 Radio Hill Rd, Boonville, MO 65233
Commercial Sale, Boonville, MO
Property Size8,930 SF
Price / SF$67.19
Days on Market283
Property Features for 1510 Radio Hill Rd
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C1
Subdivision
Boonville
Standard status
Active
Taxes and HOA fees
Tax Year
2025
Tax Description
10-2.0-10-002-006-001.002
Tax Annual Amount
4309
Legal Description
10-2.0-10-002-006-001.002
Amenities
12 overhead doors
extensive privacy fencing
Listing Agency:
Chipley and Company Real Estate
(660) 882-3442
Listed By:
NATHAN N. CHIPLEY · License #1999034126
(660) 537-4455
Added: Dec 18, 2025
Changed: Aug 19
Last Checked: Sep 27 at 10:06AM
MLS# 25-431
Copyright © 2026 Central Missouri Board 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.
This freestanding flex facility at 1510 Radio Hill Rd in Boonville, Missouri, contains 8,930 SF arranged for shop and administrative functions. The property includes 8,930 SF of shop space, a business office, and a reception area, creating a combination of operational and front-office space within one building. Twelve overhead doors provide multiple access points for shop activity and material movement.
Extensive privacy fencing surrounds the property, supporting controlled site access and outdoor storage needs. The facility is zoned C1 and is positioned in Cooper County. Its configuration brings together enclosed work space, office areas, reception functions, overhead-door access, and secured exterior areas in a single commercial property.
Extensive privacy fencing surrounds the property, supporting controlled site access and outdoor storage needs. The facility is zoned C1 and is positioned in Cooper County. Its configuration brings together enclosed work space, office areas, reception functions, overhead-door access, and secured exterior areas in a single commercial property.
Key Highlights
- 8,930 SF freestanding flex facility
- 8,930 SF of shop space with a business office and reception area
- 12 overhead doors provide multiple access points
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
$52,937
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
8.82%
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%
$1,058,740
$1.1M
Cap Rate 7%
$756,243
$756.2K
Cap Rate 9%
$588,189
$588.2K
Market Conditions
NOI Build-Up for 8,930 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
$85.7K $9.60/SF
− Vacancy
−$4.3K −$0.48/SF
EGI
$81.4K $9.12/SF
− OpEx
−$28.5K −$3.19/SF
NOI
$52.9K $5.93/SF
Area
Cooper County, MO
Vacancy
5.00%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
35.00%
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%
$1,058,740
Cap Rate 7%
$756,243
Cap Rate 9%
$588,189
Alternative Uses
Best Use
Warehouse
$1.38M
$1.21M – $1.62M
NOI $96,916 @ 7.0% cap · market cap 16.15%
Second Best
Industrial
$1.14M
$997.7K – $1.33M
NOI $79,813 @ 7.0% cap · market cap 13.30%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
91
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 65233, MO
11,472
Population
4,622
Households
2.5
Avg Household Size
41
Median Age
26%
College-Educated
90%
High-School Grad
141.9 sq mi
ZIP Area
81
Density / Sq Mi
$64,333
Median Household Income
$38,608
Median Earnings
$807
Median Rent
$206,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - C1-zoned facility combining substantial shop space, office functions, and multiple overhead access points.
Where is this flex space located?
The property is located at 1510 Radio Hill Rd Boonville, MO.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 8,930 SF freestanding flex facility; 8,930 SF of shop space with a business office and reception area; 12 overhead doors provide multiple access points
