Retail-Configured Flex
208 W 40 Highway, Bates City, MO 64011
For Sale
$899,000
Business Opportunity, Bates City, MO
Property Size6,000 SF
Lot Size9.80 Acres
Price / SF$149.83
Days on Market9
Property Features for 208 W 40 Highway
General Information
Property type
Property subtype
Zoning
Parking
Parking features
Directions
Subdivision
Standard status
APN
Lot size
Additional Details
Currently Operating
Mixed-Use Components
Property Use
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Amenities
overhead roll-up garage door
Building Details
Year built
Floors in Building
Listing Agency:
RE/MAX Heritage · RE/MAX International
(816) 224-8484
Listed By:
David Wiesemann · License MO #00233967
(816) 309-9445
Added: Nov 6
Changed: Nov 11
Last Checked: Nov 14 at 12:06AM
MLS# 2650758
Copyright © 2026 Heartland Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 6,000-square-foot flex property sits on 9.8 acres and was built in 1993. Its open interior and overhead roll-up door accommodate the property's current retail use and warehouse-style functionality. The property is zoned Retail, and electricity is available.
Located along Highway 40 in Bates City, the property is currently operating as a fireworks retail store. A parking lot is on site.
Located along Highway 40 in Bates City, the property is currently operating as a fireworks retail store. A parking lot is on site.
Key Highlights
- 6,000‑square‑foot building on 9.8 acres
- Open interior with an overhead roll‑up door
- Current use is a fireworks retail store
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,589
Cap Rate
6.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,231,780
$1.2M
Cap Rate 7%
$879,843
$879.8K
Cap Rate 9%
$684,322
$684.3K
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$100.8K $16.80/SF
− Vacancy
−$6.0K −$1.01/SF
EGI
$94.8K $15.79/SF
− OpEx
−$33.2K −$5.53/SF
NOI
$61.6K $10.26/SF
Area
Lafayette County, MO
Vacancy
6.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,231,780
Cap Rate 7%
$879,843
Cap Rate 9%
$684,322
Alternative Uses
Best Use
Retail
$1.33M
$1.16M – $1.55M
NOI $92,801 @ 7.0% cap · market cap 10.32%
Second Best
Flex RnD
$879.8K
$769.9K – $1.03M
NOI $61,589 @ 7.0% cap · market cap 6.85%
Theoretical Best
Specialty Retail
$1.47M
$1.28M – $1.71M
NOI $102,600 @ 7.0% cap · market cap 11.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Drive-in doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
84
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 64011, MO
3,391
Population
1,683
Households
2
Avg Household Size
46
Median Age
25%
College-Educated
88%
High-School Grad
35.7 sq mi
ZIP Area
95
Density / Sq Mi
$84,453
Median Household Income
$42,105
Median Earnings
$599
Median Rent
$313,400
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - The open interior includes an overhead roll-up door and a parking lot.
Where is this flex space located?
The property is located at 208 W 40 Highway Bates City, MO.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 6,000‑square‑foot building on 9.8 acres; Open interior with an overhead roll‑up door; Current use is a fireworks retail store
