Office Unit with Private
201 E Franklin Street, Richmond, MO 64085
For Sale
Contact for pricing
Separate utility meters and a rear delivery entrance support day-to-day office operations.
Property Size3,300 SF
Price / SF$0.00
Days on Market89
Property Features for 201 E Franklin Street
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Utilities to Site
Additional Details
Condition
Property Use
Amenities
two private offices
common area
bathroom
exterior signage
separate rear delivery entrance
separately metered utilities
common-area maintenance including lawn care and snow removal
Listing Agency:
Turn Key Realty LLC
(816) 903-2226
Listed By:
Cindy Stockton · License MO #2013021344
(816) 590-6688
Source:
Legendaryapartmentbrokers
Added: Aug 13
Changed: Nov 9
Last Checked: Nov 9 at 8:53AM
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 Turn Key Realty LLC
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Investment Insights
Based on property information with market context.
Unit 14 provides approximately 640 square feet arranged with two private offices, a shared area, and a bathroom. Three more suites are being renovated, with approximately 1,650 additional square feet available. The space can be leased together or divided into separate suites. Each unit has its own utility meter, and exterior signage is available. Common-area upkeep includes lawn care and snow removal.
At 201 E Franklin Street in Richmond, the property is one block from the Square and offers access to Highway 13. A separate entrance at the rear accommodates deliveries.
At 201 E Franklin Street in Richmond, the property is one block from the Square and offers access to Highway 13. A separate entrance at the rear accommodates deliveries.
Key Highlights
- Unit 14 offers approximately 640 square feet with two private offices, a common area, and a bathroom
- Three suites under renovation add approximately 1,650 square feet
- Units are separately metered for utilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,765
Suggested Prices Based on Cap Rates
Cap Rate 5%
$915,300
$915.3K
Cap Rate 7%
$653,786
$653.8K
Cap Rate 9%
$508,500
$508.5K
Market Conditions
NOI Build-Up for 3,300 SF
Gross rent
$75.2K $22.80/SF
− Vacancy
−$14.2K −$4.31/SF
EGI
$61.0K $18.49/SF
− OpEx
−$15.3K −$4.62/SF
NOI
$45.8K $13.87/SF
Area
Ray County, MO
Vacancy
18.90%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$915,300
Cap Rate 7%
$653,786
Cap Rate 9%
$508,500
Alternative Uses
Best Use
Office B
$653.8K
$572.1K – $762.8K
NOI $45,765 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$806.1K
$705.4K – $940.5K
NOI $56,430 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
294
Businesses Nearby
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Business Placement
Demographics for 64085, MO
8,841
Population
3,701
Households
2.4
Avg Household Size
42
Median Age
15%
College-Educated
90%
High-School Grad
160.4 sq mi
ZIP Area
55
Density / Sq Mi
$65,525
Median Household Income
$43,402
Median Earnings
$752
Median Rent
$163,700
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Separate utility meters and a rear delivery entrance support day-to-day office operations.
Where is this office unit located?
The property is located at 201 E Franklin Street Richmond, MO.
What are key features of this property?
This property features: Unit 14 offers approximately 640 square feet with two private offices, a common area, and a bathroom; Three suites under renovation add approximately 1,650 square feet; Units are separately metered for utilities
