Warehouse with Two Grade-Level
For Sale
Contact for pricing
1900 W ELM ST, Ozark, MO 65806
Turnkey warehouse-mall with open layout, central heat/AC, and two grade-level overhead doors on a major highway intersection.
Property Size25,600 SF
Price / SF$58.59
Days on Market68
Property Features for 1900 W ELM ST
General Information
Standard status
Active
Size
25,600 SF
Class
C
Total Parking Spaces
50
Property subtype
Retail, Industrial
Zoning
C-2
Occupancy
100%
Lease Type
Gross
Investment Type
Redevelopment
Net Operating Income
$236,491
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Business Included
Yes
Drive-In Doors
2
Building Details
Year Built
1989
Year Renovated
2017
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
AMAX Real Estate
(417) 861-2279
Listed By:
Jennifer Jackson · License #2025028715
Source:
Crexi
Added: Jun 5
Changed: Aug 10
Last Checked: Aug 9 at 5:30AM
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 AMAX Real Estate
Investment Insights
Based on property information with market context.
This approximately 25,600 SF warehouse is currently operating as a turnkey antique mall. The building includes high ceilings and an open floor plan with temporarily constructed booth spaces, plus a front desk/cashier area. There are two grade-level overhead doors and multiple ceiling fans for air flow. Interior amenities include central heat and A/C, a restroom with two stalls, and a lofted second floor.
The property is located at the high-visibility intersection of U.S. Highway 65 and Missouri Route 14 in Ozark, Missouri, positioned between Springfield and Branson. A rooftop billboard is included, and the current operation benefits from the existing, recognizable setup as an antique marketplace.
For an investor or operator seeking a ready-to-run retail concept, the property is being offered with systems in place for point-of-sale by vendor and evidence of active demand, including 100% booth occupancy and an existing waiting list of renters. For alternate retail or warehousing use, the combination of high ceilings, flexible open layout, and grade-level access can support a variety of configuration strategies, while the included billboard offers ongoing external visibility.
The property is located at the high-visibility intersection of U.S. Highway 65 and Missouri Route 14 in Ozark, Missouri, positioned between Springfield and Branson. A rooftop billboard is included, and the current operation benefits from the existing, recognizable setup as an antique marketplace.
For an investor or operator seeking a ready-to-run retail concept, the property is being offered with systems in place for point-of-sale by vendor and evidence of active demand, including 100% booth occupancy and an existing waiting list of renters. For alternate retail or warehousing use, the combination of high ceilings, flexible open layout, and grade-level access can support a variety of configuration strategies, while the included billboard offers ongoing external visibility.
Key Highlights
- ~25,600 SF warehouse‑mall building operating as an antique mall for more than a decade
- Turnkey setup with 100% booth occupancy and an existing waiting list of renters
- Open layout with temporarily constructed booth spaces, front desk/cashier area, and restroom with 2 stalls plus lofted 2nd floor
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
2
Drive-in doors
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 65806, MO
12,529
Population
8,049
Households
1.6
Avg Household Size
27
Median Age
22%
College-Educated
87%
High-School Grad
2.1 sq mi
ZIP Area
5,966
Density / Sq Mi
$28,450
Median Household Income
$21,090
Median Earnings
$840
Median Rent
$85,700
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Turnkey warehouse-mall with open layout, central heat/AC, and two grade-level overhead doors on a major highway intersection.
Where is this warehouse located?
The property is located at 1900 W ELM ST 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: ~25,600 SF warehouse‑mall building operating as an antique mall for more than a decade; Turnkey setup with 100% booth occupancy and an existing waiting list of renters; Open layout with temporarily constructed booth spaces, front desk/cashier area, and restroom with 2 stalls plus lofted 2nd floor
