Versatile Commercial Property in
For Sale
Contact for pricing
Pending
205 Southbrook Parkway, Kearney, MO 64060
Formerly a daycare, this property offers endless business opportunities.
Property Size2,286 SF
Lot Size1.92 Acres
Days on Market141
Property Features for 205 Southbrook Parkway
General Information
Standard status
Pending
Size
2,286 SF
Lot size
1.92 Acres
Property subtype
Office
Zoning
COM
Building Details
Year Built
1979
Buildings
1
Units
13
Listing Agency:
Turn Key Realty
(816) 590-6688
Listed By:
Cindy Stockton · License #MO2013021344
Source:
Crexi
Added: Mar 24
Changed: Aug 8
Last Checked: Jul 30 at 9:50AM
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
Investment Insights
Based on property information with market context.
Located at 205 Southbrook Parkway in Kearney, Missouri, this commercial property is zoned C-P and situated on a 1.92-acre lot. The property, formerly a daycare, features 2,286 square feet of space and includes 13 parking spaces, with the potential to add more. The building has a lower level with a side walkout leading to a large patio. This versatile space presents various business opportunities, including potential uses as a law office, medical building, or other professional services. The property's layout and location may allow for multiple revenue streams.
Key Highlights
- Prime commercial property in Kearney, MO at 205 Southbrook Parkway.
- Versatile space suitable for various business opportunities like a law office or medical building.
- Zoned C‑P, offering flexibility for different commercial uses.
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
$32,182
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
9.19%
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%
$643,640
$643.6K
Cap Rate 7%
$459,743
$459.7K
Cap Rate 9%
$357,578
$357.6K
Market Conditions
NOI Build-Up for 2,286 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
$49.4K $21.60/SF
− Vacancy
−$6.5K −$2.83/SF
EGI
$42.9K $18.77/SF
− OpEx
−$10.7K −$4.69/SF
NOI
$32.2K $14.08/SF
Area
Clay County, MO
Vacancy
13.10%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
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%
$643,640
Cap Rate 7%
$459,743
Cap Rate 9%
$357,578
Alternative Uses
Best Use
Office B
$459.7K
$402.3K – $536.4K
NOI $32,182 @ 7.0% cap · market cap 9.19%
Second Best
Retail
$309.7K
$271.0K – $361.3K
NOI $21,680 @ 7.0% cap · market cap 6.19%
Theoretical Best
Office A
$699.9K
$612.4K – $816.6K
NOI $48,994 @ 7.0% cap · market cap 14.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
91
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 64060, MO
15,340
Population
6,641
Households
2.3
Avg Household Size
41
Median Age
39%
College-Educated
97%
High-School Grad
58.6 sq mi
ZIP Area
262
Density / Sq Mi
$107,626
Median Household Income
$58,227
Median Earnings
$1,096
Median Rent
$322,100
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Little Tikes — 902 E 16th St, Kearney, MO 64060
- Guardian Angels Care Center — 2151 S Jefferson St, Kearney, MO 64060
- Hand N Hand — 205 Southbrook Pkwy, Kearney, MO 64060
Frequently Asked Questions
What type of property is this?
Day care center - Formerly a daycare, this property offers endless business opportunities.
Where is this day care center located?
The property is located at 205 Southbrook Parkway Kearney, MO.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Prime commercial property in Kearney, MO at 205 Southbrook Parkway.; Versatile space suitable for various business opportunities like a law office or medical building.; Zoned C‑P, offering flexibility for different commercial uses.
