Building Details

Year built 2008

Flooring type Concrete, Vinyl

Building materials Fiber Cement, Stone

Listing Agency: RE/MAX Today · RE/MAX International e***@fidnet.com Show Phone

Listed By: Aaron Swann · License #2005028195 Show Phone

Added: Oct 15 Changed: Oct 16 Last Checked: Oct 17 at 2:06AM

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MLS# 26066463

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Investment Insights

Based on property information with market context.

Built in 2008, this 2,500-square-foot flex property is arranged with approximately 16x50 of finished office area and 34x50 for warehouse, shipping, receiving, and storage. A glass storefront and stone entry distinguish the front, while double doors at the rear support movement of larger items. The space also has an accessible bathroom, two rooftop HVAC units, an on-demand water heater, high-bay lighting, and both three-phase and single-phase electric service. Vinyl and concrete flooring are present, and the building is zoned C3.

The property is in a business and retail development near Hwy 100. Businesses in the development include a cafe, liquor store, print shop, gym, and hair salon; nearby services include a grocery store, Dollar General, an assisted living facility, and an ambulance base.

Key Highlights

• 2,500 square feet of flex space
• Office area is approximately 16x50; warehouse and support area is 34x50
• C3 zoning

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$15,877

Cap Rate

9.07%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$317,540 $317.5K

Cap Rate 7%

$226,814 $226.8K

Cap Rate 9%

$176,411 $176.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,500 SF

Gross rent

$23.7K $9.48/SF

− Vacancy

−$1.0K −$0.41/SF

EGI

$22.7K $9.07/SF

− OpEx

−$6.8K −$2.72/SF

NOI

$15.9K $6.35/SF

Area

Franklin County, MO

Vacancy

4.30%

Lease Rate

$9.48 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$317,540

Cap Rate 7%

$226,814

Cap Rate 9%

$176,411

Alternative Uses

Best Use

Warehouse

$275.4K

$241.0K – $321.3K (±1% cap)

NOI $19,279 @ 7.0% cap · market cap 11.02%

Second Best

Industrial

$226.8K

$198.5K – $264.6K (±1% cap)

NOI $15,877 @ 7.0% cap · market cap 9.07%

Theoretical Best

Office A

$736.0K

$644.0K – $858.7K (±1% cap)

NOI $51,520 @ 7.0% cap · market cap 29.44%

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

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Big Box & Wholesale Store Auto Parts Store Hair Salon Electrical Service Storage Facility Spa & Massage Center

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

Lease Details

1

Drive-in doors

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

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Similar For Sale Nearby

See more

Manufacturing Building with Loading Dock

107 E Industrial Drive, New Haven, MO 63068

$695,000

2.24 Acres

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Retail Space with Glass Front

212 Immanuel Avenue, New Haven, MO 63068

$92,900

0.29 Acres

View details

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 space pairs a customer-facing office area with rear shipping, receiving, and storage functions.

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 $175,000.

What are key features of this property?

This property features: 2,500 square feet of flex space; Office area is approximately 16x50; warehouse and support area is 34x50; C3 zoning