Building Details

Year built 2026

Floors in Building 1

Building materials Steel Siding

Listing Agency: Black & Associates, LLC d***@blackandassociatesllc.com Show Phone

Listed By: Mary Harke Show Phone

Added: Sep 11 Changed: Oct 10 Last Checked: Oct 29 at 6:06AM

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MLS# 26056655

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Investment Insights

Based on property information with market context.

This flex property is under construction on a 0.343-acre parcel fronting Highway 47. The steel-sided building includes two oversized double-door entrances, a 10-foot garage door and a rough-in for a bathroom. Its open interior can be configured for a business’s needs, with the option to use a portion and lease additional space.

Electric service is available at the site, the septic system is approved and ready, and county water is available. The property is also described as having no restrictions.

Key Highlights

• 0.343‑acre parcel fronting Highway 47
• Steel‑sided commercial building under construction
• Two oversized double‑door entrances and a 10‑foot garage door

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$15,561

Cap Rate

5.87%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$311,220 $311.2K

Cap Rate 7%

$222,300 $222.3K

Cap Rate 9%

$172,900 $172.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,680 SF

Gross rent

$25.2K $15.00/SF

− Vacancy

−$1.3K −$0.75/SF

EGI

$23.9K $14.25/SF

− OpEx

−$8.4K −$4.99/SF

NOI

$15.6K $9.26/SF

Area

Lincoln County, MO

Vacancy

5.00%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$311,220

Cap Rate 7%

$222,300

Cap Rate 9%

$172,900

Alternative Uses

Best Use

Flex RnD

$222.3K

$194.5K – $259.4K (±1% cap)

NOI $15,561 @ 7.0% cap · market cap 5.87%

Second Best

Industrial

$97.3K

$85.1K – $113.5K (±1% cap)

NOI $6,809 @ 7.0% cap · market cap 2.57%

Theoretical Best

Office A

$415.5K

$363.5K – $484.7K (±1% cap)

NOI $29,083 @ 7.0% cap · market cap 10.97%

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

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Flex space

Lease Details

1

Drive-in doors

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

15

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 63389, MO

7,224

Population

2,525

Households

2.9

Avg Household Size

35

Median Age

14%

College-Educated

87%

High-School Grad

44.2 sq mi

ZIP Area

163

Density / Sq Mi

$92,646

Median Household Income

$45,315

Median Earnings

$941

Median Rent

$218,500

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

Frequently Asked Questions

What type of property is this?

Flex space - An under-construction commercial building offers a flexible interior and utility connections for a future business buildout.

Where is this flex space located?

The property is located at 2 Hardwood Dr Winfield, MO.

What is the asking price?

The asking price for this property is $265,000.

What are key features of this property?

This property features: 0.343‑acre parcel fronting Highway 47; Steel‑sided commercial building under construction; Two oversized double‑door entrances and a 10‑foot garage door