Building Details

Building Size 1,811 SF

Year Built 1960

Buildings 2

Listing Agency: Sherrell Realty & Assoc., LLC t***@sherrellrealty.com Show Phone

Listed By: Joyce Schumacher Show Phone

Source: Hcwrealty

Added: Oct 16 Changed: Oct 25 Last Checked: Oct 26 at 4:11AM

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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 Sherrell Realty & Assoc., LLC

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This 1,811-square-foot flex property was built in 1960 and is currently used as a pottery studio. Recent work includes recessed and track lighting, new paint, raised ceilings in the gallery and gift shop areas, updated restrooms, and frost-free outdoor faucets. The layout has three offices, a breakroom, and storage, with room to add offices. A separate workshop provides additional work or storage space and has its own electric meter.

The property is in Forsyth, with direct access to Highway 160.

Key Highlights

• 1,811 square feet; built in 1960
• Three offices, plus a breakroom and storage
• Separate workshop with its own electric meter

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$18,065

Cap Rate

5.33%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$361,300 $361.3K

Cap Rate 7%

$258,071 $258.1K

Cap Rate 9%

$200,722 $200.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,811 SF

Gross rent

$27.2K $15.00/SF

− Vacancy

−$1.4K −$0.75/SF

EGI

$25.8K $14.25/SF

− OpEx

−$7.7K −$4.27/SF

NOI

$18.1K $9.98/SF

Area

Taney County, MO

Vacancy

5.00%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$361,300

Cap Rate 7%

$258,071

Cap Rate 9%

$200,722

Alternative Uses

Best Use

Retail

$258.1K

$225.8K – $301.1K (±1% cap)

NOI $18,065 @ 7.0% cap · market cap 5.33%

Second Best

Flex RnD

$204.9K

$179.3K – $239.0K (±1% cap)

NOI $14,341 @ 7.0% cap · market cap 4.23%

Theoretical Best

Office A

$353.9K

$309.7K – $412.9K (±1% cap)

NOI $24,774 @ 7.0% cap · market cap 7.31%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Building Supply Auto Parts Store Storage Facility Garden Center Bakery (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

279

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 65653, MO

5,806

Population

2,894

Households

2

Avg Household Size

50

Median Age

20%

College-Educated

92%

High-School Grad

63.8 sq mi

ZIP Area

91

Density / Sq Mi

$47,929

Median Household Income

$34,470

Median Earnings

$719

Median Rent

$181,400

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - An existing three-office plan includes a breakroom and storage, with capacity for additional offices.

Where is this flex space located?

The property is located at 15752 Us Highway 160 Forsyth, MO.

What is the asking price?

The asking price for this property is $339,000.

What are key features of this property?

This property features: 1,811 square feet; built in 1960; Three offices, plus a breakroom and storage; Separate workshop with its own electric meter