Finished Flex Space with
For Sale
$219,900
208 Immanuel Avenue, New Haven, MO 63068
Commercial Sale, New Haven, MO
Property Size2,500 SF
Lot Size1.88 Acres
Price / SF$87.96
Days on Market14
Property Features for 208 Immanuel Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Stonehurst Bus Center
Directions
From Washington MO take Hwy 100 West to Immanuel Avenue on your right.
Standard status
Active
APN
04-7-350-0-027-072008
Lot size
1.88 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2960
Utilities
Utilities
Cable Available
Heating system
Natural Gas
Cooling system
Central Air, Multi Units
Building Details
Year built
2008
Flooring type
Vinyl, Concrete
Building materials
Fiber Cement, Stone
Listing Agency:
RE/MAX Today · RE/MAX International
(573) 237-7700
Listed By:
Aaron Swann · License #2005028195
(573) 237-7700
Added: Aug 12
Changed: Aug 24
Last Checked: Aug 25 at 4:06AM
MLS# 26035361
Copyright © 2026 Mid America Regional Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This finished flex space provides 2,500 square feet within a 50-by-50-foot footprint. The layout includes a glass storefront, arched stone entry, accessible bathroom, front customer area, enclosed office, meeting room, and a substantial rear section with concrete flooring. The interior can be reconfigured into two 1,250-square-foot areas or divided further for smaller commercial suites.
Zoned C3, the property is positioned within the Stonehurst development near Hwy 100 and shares the center with a liquor store, café, print shop, gym, and hair salon. Nearby commercial activity includes a Dollar General, grocery store, investment firm, assisted living facility, and ambulance base. Building features include two rooftop HVAC units, three-phase and single-phase electric service, fiber internet, lighting throughout, vinyl flooring in the front area, and natural-gas heating.
Zoned C3, the property is positioned within the Stonehurst development near Hwy 100 and shares the center with a liquor store, café, print shop, gym, and hair salon. Nearby commercial activity includes a Dollar General, grocery store, investment firm, assisted living facility, and ambulance base. Building features include two rooftop HVAC units, three-phase and single-phase electric service, fiber internet, lighting throughout, vinyl flooring in the front area, and natural-gas heating.
Key Highlights
- 2,500 square feet of finished commercial space in a 50‑by‑50‑foot footprint
- C3 zoning with a layout suited to retail, office, service, distribution, and warehouse uses
- Glass storefront, arched stone entry, and accessible bathroom
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
$19,279
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
8.77%
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%
$385,580
$385.6K
Cap Rate 7%
$275,414
$275.4K
Cap Rate 9%
$214,211
$214.2K
Market Conditions
NOI Build-Up for 2,500 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
$23.7K $9.48/SF
− Vacancy
−$1.0K −$0.41/SF
EGI
$22.7K $9.07/SF
− OpEx
−$3.4K −$1.36/SF
NOI
$19.3K $7.71/SF
Area
Franklin County, MO
Vacancy
4.30%
Lease Rate
$9.48 /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%
$385,580
Cap Rate 7%
$275,414
Cap Rate 9%
$214,211
Alternative Uses
Best Use
Retail
$336.3K
$294.2K – $392.3K
NOI $23,538 @ 7.0% cap · market cap 10.70%
Second Best
Warehouse
$275.4K
$241.0K – $321.3K
NOI $19,279 @ 7.0% cap · market cap 8.77%
Theoretical Best
Office A
$736.0K
$644.0K – $858.7K
NOI $51,520 @ 7.0% cap · market cap 23.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
77
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 63068, MO
5,113
Population
2,442
Households
2.1
Avg Household Size
42
Median Age
25%
College-Educated
93%
High-School Grad
91.9 sq mi
ZIP Area
56
Density / Sq Mi
$81,750
Median Household Income
$45,349
Median Earnings
$825
Median Rent
$209,200
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Front Street Catering — 109 Seitter Dr, New Haven, MO 63068
Frequently Asked Questions
What type of property is this?
Flex space - C3-zoned commercial space offers a configurable layout for retail, office, service, and distribution uses.
Where is this flex space located?
The property is located at 208 Immanuel Avenue New Haven, MO.
What is the asking price?
The asking price for this property is $219,900.
What are key features of this property?
This property features: 2,500 square feet of finished commercial space in a 50‑by‑50‑foot footprint; C3 zoning with a layout suited to retail, office, service, distribution, and warehouse uses; Glass storefront, arched stone entry, and accessible bathroom
