Four-Suite Office
For Sale
$1,025,000
1567 W Diane Street, Ozark, MO 65721
Commercial Sale, Ozark, MO
Property Size6,660 SF
Lot Size1.11 Acres
Price / SF$153.90
Days on Market49
Property Features for 1567 W Diane Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
Office
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 1, Bathroom 5, Bathroom 3, Bathroom 4, Bathroom 2
Parking features
Driveway
Lot features
Surveyed, Level
Directions
US-65 to the Jackson St./MO-14 exit. West on Jackson St., left on N. 16th St., right on W. Diane St. Property is located on the left at the end of the professional office park.
Standard status
Active
APN
110522003002011000
Lot size
1.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Pt Lot 10 Ozark Inv:Beg Nec Lot 10 Se163.7 Sw190.13 Se104.63Sw30.13 Nw327.74 E260 To Pob.
Tax Annual Amount
11606
Legal Description
Pt Lot 10 Ozark Inv:Beg Nec Lot 10 Se163.7 Sw190.13 Se104.63Sw30.13 Nw327.74 E260 To Pob.
Utilities
Utilities
Natural Gas Available
Heating system
Forced Air, Natural Gas
Cooling system
Zoned, Central Air
Building Details
Year built
1998
Number of units
4
Roof type
Composition
Listing Agency:
Murney Associates - Primrose
(417) 823-2300
Listed By:
Donna Cleous · License #1999012026
(417) 823-2300
Added: Jul 3
Changed: Aug 19
Last Checked: Aug 20 at 8:06AM
MLS# 60328042
Copyright © 2026 Southern Missouri Regional MLS, LLC (SOMO). 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 move-in-ready professional office building offers a flexible four-suite design totaling approximately 6,660 SF. The interior includes a reception area, a spacious conference room, multiple private executive offices with natural light, and ADA-compliant restrooms. Heating is provided via forced air with natural gas, and cooling is zoned central air.
Externally, the property features a newer roof and recent HVAC replacements, along with a recently resurfaced parking lot. The building sits on approximately 1.105 acres and provides approximately 33 on-site parking spaces (approximately 5 spaces per 1,000 SF). It is located just minutes from Highway 65 and is surrounded by established professional and medical offices.
The building includes approximately 1,600 SF leased to an established long-term dental practice, with the remaining approximately 5,000 SF well suited for owner occupancy upon availability, leasing, or a combination of both. Built in 1998, this property supports a range of office and professional uses consistent with an Office zoning designation in Christian County.
Externally, the property features a newer roof and recent HVAC replacements, along with a recently resurfaced parking lot. The building sits on approximately 1.105 acres and provides approximately 33 on-site parking spaces (approximately 5 spaces per 1,000 SF). It is located just minutes from Highway 65 and is surrounded by established professional and medical offices.
The building includes approximately 1,600 SF leased to an established long-term dental practice, with the remaining approximately 5,000 SF well suited for owner occupancy upon availability, leasing, or a combination of both. Built in 1998, this property supports a range of office and professional uses consistent with an Office zoning designation in Christian County.
Key Highlights
- Four‑suite office building totaling approximately 6,660 SF
- Reception area, conference room, multiple executive offices, and ADA‑compliant restrooms
- Approximately 1,600 SF leased to a long‑term dental practice; remaining approximately 5,000 SF for owner use or leasing
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
$52,774
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
5.15%
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%
$1,055,480
$1.1M
Cap Rate 7%
$753,914
$753.9K
Cap Rate 9%
$586,378
$586.4K
Market Conditions
NOI Build-Up for 6,660 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
$73.5K $11.04/SF
− Vacancy
−$3.2K −$0.47/SF
EGI
$70.4K $10.57/SF
− OpEx
−$17.6K −$2.64/SF
NOI
$52.8K $7.92/SF
Area
Christian County, MO
Vacancy
4.30%
Lease Rate
$11.04 /SF/Yr
Expense Ratio
25.00%
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%
$1,055,480
Cap Rate 7%
$753,914
Cap Rate 9%
$586,378
Alternative Uses
Best Use
Office B
$753.9K
$659.7K – $879.6K
NOI $52,774 @ 7.0% cap · market cap 5.15%
Second Best
Healthcare Medical
$753.9K
$659.7K – $879.6K
NOI $52,774 @ 7.0% cap · market cap 5.15%
Theoretical Best
Office A
$1.01M
$879.6K – $1.17M
NOI $70,365 @ 7.0% cap · market cap 6.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Office units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
291
Businesses Nearby
Explore this area
Business Placement
Demographics for 65721, MO
32,975
Population
13,467
Households
2.4
Avg Household Size
36
Median Age
35%
College-Educated
93%
High-School Grad
95.9 sq mi
ZIP Area
344
Density / Sq Mi
$76,552
Median Household Income
$41,653
Median Earnings
$991
Median Rent
$253,700
Median Home Value
Market
Vacancy Rate% for Office 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?
Office building - Move-in-ready office building with ADA-compliant restrooms, newer roof, and recent HVAC replacements for flexible owner or user occupancy.
Where is this office building located?
The property is located at 1567 W Diane Street Ozark, MO.
What is the asking price?
The asking price for this property is $1,025,000.
What are key features of this property?
This property features: Four‑suite office building totaling approximately 6,660 SF; Reception area, conference room, multiple executive offices, and ADA‑compliant restrooms; Approximately 1,600 SF leased to a long‑term dental practice; remaining approximately 5,000 SF for owner use or leasing
