Flex Space at Highway
For Sale
$1,500,000
Pending
1900 W Elm Street, Ozark, MO 65721
Commercial Sale, Ozark, MO
Property Size25,600 SF
Lot Size1.10 Acres
Days on Market47
Property Features for 1900 W Elm Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Directions
Head south on US-65 S from Springfield toward Ozark (approx. 10 miles) Take the MO-14 E / Elm Street exit toward Ozark Turn right (west) onto W Elm Street (MO-14 W) Continue west on W Elm Street -- 1900 W Elm St will be on your right Total distance: Approximately 12-14 miles Estimated drive time: 15-20 minutes depending on traffic
Standard status
Pending
APN
110521004002003000
Lot size
1.10 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
S 168.5' LOT 7 EX 15 X 45 TR, N SEC
Tax Annual Amount
11785
Legal Description
S 168.5' LOT 7 EX 15 X 45 TR, N SEC
Utilities
Utilities
Water Available
Heating system
Forced Air
Cooling system
Ceiling Fan(s), Central Air
Building Details
Year built
1989
Roof type
Metal
Listing Agency:
AMAX Real Estate
(417) 855-2333
Listed By:
Jennifer Jackson · License #2025028715
(417) 861-2279
Added: Jul 20
Changed: Aug 20
Last Checked: Sep 4 at 2:06PM
MLS# 60329284
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 C-2 flex property occupies 1.1 acres and combines retail, office, and warehouse functions in an existing commercial building. The improvements date to 1989 and include a metal roof, forced-air heating, central air, ceiling fans, water availability, and two bathrooms.
The property is positioned at the intersection of U.S. Highway 65 and Missouri Route 14 in Ozark, with an address on W Elm Street. An antique mall currently operates on-site with 100% vendor occupancy and an active waiting list. The business may be acquired with the real estate, or the warehouse may be vacated for a new ownership plan.
The property is positioned at the intersection of U.S. Highway 65 and Missouri Route 14 in Ozark, with an address on W Elm Street. An antique mall currently operates on-site with 100% vendor occupancy and an active waiting list. The business may be acquired with the real estate, or the warehouse may be vacated for a new ownership plan.
Key Highlights
- 1.1‑acre C‑2 flex property in Ozark, MO
- Located at U.S. Highway 65 and Missouri Route 14
- Current antique mall operation has 100% vendor occupancy
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
$99,698
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
6.65%
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%
$1,993,960
$2.0M
Cap Rate 7%
$1,424,257
$1.4M
Cap Rate 9%
$1,107,756
$1.1M
Market Conditions
NOI Build-Up for 25,600 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
$119.8K $4.68/SF
− Vacancy
−$2.5K −$0.10/SF
EGI
$117.3K $4.58/SF
− OpEx
−$17.6K −$0.69/SF
NOI
$99.7K $3.89/SF
Area
Christian County, MO
Vacancy
2.10%
Lease Rate
$4.68 /SF/Yr
Expense Ratio
15.00%
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%
$1,993,960
Cap Rate 7%
$1,424,257
Cap Rate 9%
$1,107,756
Alternative Uses
Best Use
Retail
$2.72M
$2.38M – $3.18M
NOI $190,517 @ 7.0% cap · market cap 12.70%
Second Best
Warehouse
$1.42M
$1.25M – $1.66M
NOI $99,698 @ 7.0% cap · market cap 6.65%
Theoretical Best
Office A
$3.86M
$3.38M – $4.51M
NOI $270,471 @ 7.0% cap · market cap 18.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
240
Businesses Nearby
Well-served
Demand for This Use
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 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 - C-2 property combines retail, office, and warehouse areas with current commercial occupancy.
Where is this flex space located?
The property is located at 1900 W Elm Street Ozark, MO.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 1.1‑acre C‑2 flex property in Ozark, MO; Located at U.S. Highway 65 and Missouri Route 14; Current antique mall operation has 100% vendor occupancy
