Updated Flex Space With
For Sale
$1,000,000
1605 Old Cape Road, Jackson, MO 63755
Private offices, conference facilities, kitchen, bathrooms, and covered outdoor space support a range of commercial uses.
Property Size2,433 SF
Days on Market40
Property Features for 1605 Old Cape Road
General Information
Standard status
Active
Size
2,433 SF
Property subtype
Commercial
Building Details
Building Size
2,433 SF
Year Built
1974
Buildings
2
Stories
1
Listing Agency:
Area Properties Real Estate-River Region
(573) 576-4243
Listed By:
Ethea Schallberger
(573) 576-4243
Source:
Exit2newbeginningz
Added: Jul 9
Changed: Aug 17
Last Checked: Aug 17 at 1:58AM
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 Area Properties Real Estate-River Region
Investment Insights
Based on property information with market context.
This flex space combines a 2,433-square-foot office building with a 30-by-40-foot garage/warehouse on 5.5 acres. The office layout includes three private offices, a large conference room, a full kitchen and break room, two bathrooms, and an en suite bathroom serving the main office. Hardwood flooring, stone countertops, stainless appliances, and additional storage contribute to the updated interior. A basement provides further storage, while a large covered patio extends the usable area outdoors.
The property fronts E. Jackson Blvd in a city setting identified as high traffic with highway/interstate frontage. The garage/warehouse includes two 10-by-10-foot doors, and the combined office and utility-space configuration provides a substantial commercial footprint with room for expansion.
The property fronts E. Jackson Blvd in a city setting identified as high traffic with highway/interstate frontage. The garage/warehouse includes two 10-by-10-foot doors, and the combined office and utility-space configuration provides a substantial commercial footprint with room for expansion.
Key Highlights
- 5.5 acres with E. Jackson Blvd frontage
- 2,433 sq ft office building paired with a 30x40 garage/warehouse
- Three private offices, large conference room, full kitchen/break room, and two bathrooms
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
$33,352
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
3.34%
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%
$667,040
$667.0K
Cap Rate 7%
$476,457
$476.5K
Cap Rate 9%
$370,578
$370.6K
Market Conditions
NOI Build-Up for 2,433 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
$56.1K $23.04/SF
− Vacancy
−$11.6K −$4.76/SF
EGI
$44.5K $18.28/SF
− OpEx
−$11.1K −$4.57/SF
NOI
$33.4K $13.71/SF
Area
Cape Girardeau County, MO
Vacancy
20.67%
Lease Rate
$23.04 /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%
$667,040
Cap Rate 7%
$476,457
Cap Rate 9%
$370,578
Alternative Uses
Best Use
Office B
$476.5K
$416.9K – $555.9K
NOI $33,352 @ 7.0% cap · market cap 3.34%
Second Best
Warehouse
$269.8K
$236.1K – $314.8K
NOI $18,888 @ 7.0% cap · market cap 1.89%
Theoretical Best
Office A
$767.6K
$671.6K – $895.5K
NOI $53,729 @ 7.0% cap · market cap 5.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
514
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 63755, MO
27,496
Population
10,867
Households
2.5
Avg Household Size
39
Median Age
35%
College-Educated
95%
High-School Grad
177.1 sq mi
ZIP Area
155
Density / Sq Mi
$82,841
Median Household Income
$41,876
Median Earnings
$977
Median Rent
$233,400
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Private offices, conference facilities, kitchen, bathrooms, and covered outdoor space support a range of commercial uses.
Where is this flex space located?
The property is located at 1605 Old Cape Road Jackson, MO.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 5.5 acres with E. Jackson Blvd frontage; 2,433 sq ft office building paired with a 30x40 garage/warehouse; Three private offices, large conference room, full kitchen/break room, and two bathrooms
