Building Details

Building Size 15,000 SF

Listing Agency: SVN | Rankin Co

Listed By: Jack Rankin · License #2018038830 Show Phone

Source: Svn

Added: Mar 27 Changed: Oct 5 Last Checked: Oct 19 at 3:42AM

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Investment Insights

Based on property information with market context.

This 15,000 SF flex industrial property is located at 2012 N. Michael Lane in Nixa, Missouri. Situated on 3.00 acres in Christian County, the property is conveniently located between Springfield and Nixa. Constructed in 2007, the steel building features warehouse space with multiple 16 ft high overhead doors and 18' clear height ceilings. The property includes an office buildout with several private offices, a reception area, a large conference room, and a break room. Additionally, there is a 3 bed, 2 bath owner’s apartment that could be converted to more office space. The property also features two newly constructed metal pole barns, maximizing the ability for equipment or product storage. The site is positioned in the West Christian County industrial submarket, which features low vacancy and steady rent growth. The location and functional layout are suitable for an owner-occupant or an investor seeking a versatile property in a growing market.

Key Highlights

• 15,000 SF flex industrial property on 3.00 acres.
• Located in the West Christian County industrial submarket with low vacancy and steady rent growth.
• Features warehouse space with multiple 16 ft high overhead doors and 18' clear height ceilings.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$48,108

Cap Rate

3.01%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$962,160 $962.2K

Cap Rate 7%

$687,257 $687.3K

Cap Rate 9%

$534,533 $534.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 15,000 SF

Gross rent

$70.2K $4.68/SF

− Vacancy

−$1.5K −$0.10/SF

EGI

$68.7K $4.58/SF

− OpEx

−$20.6K −$1.37/SF

NOI

$48.1K $3.21/SF

Area

Christian County, MO

Vacancy

2.10%

Lease Rate

$4.68 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$962,160

Cap Rate 7%

$687,257

Cap Rate 9%

$534,533

Alternative Uses

Best Use

Industrial

$687.3K

$601.4K – $801.8K (±1% cap)

NOI $48,108 @ 7.0% cap · market cap 3.01%

Second Best

Flex RnD

$638.2K

$558.4K – $744.5K (±1% cap)

NOI $44,672 @ 7.0% cap · market cap 2.79%

Theoretical Best

Office A

$2.26M

$1.98M – $2.64M (±1% cap)

NOI $158,479 @ 7.0% cap · market cap 9.90%

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

Property Analytics

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Current Use

Exterior Supply Center Building Supply

Suggested Use

Top Pick Real Estate Agency Restaurant Law Firm Nail Salon Garden Center Dental Office

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

259

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 65714, MO

35,109

Population

13,459

Households

2.6

Avg Household Size

39

Median Age

37%

College-Educated

94%

High-School Grad

51.1 sq mi

ZIP Area

687

Density / Sq Mi

$82,548

Median Household Income

$46,746

Median Earnings

$985

Median Rent

$261,300

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

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Frequently Asked Questions

What type of property is this?

Flex space - 15,000 SF flex industrial property on 3 acres.

Where is this flex space located?

The property is located at 2012 Michael Lane Nixa, MO.

What is the asking price?

The asking price for this property is $1,600,000.

What are key features of this property?

This property features: 15,000 SF flex industrial property on 3.00 acres.; Located in the West Christian County industrial submarket with low vacancy and steady rent growth.; Features warehouse space with multiple 16 ft high overhead doors and **18' clear height ceilings**.