13,875 SF Warehouse For
211 N Spring Ave. Unit C, Cape Girardeau, MO 63701
For Sale
Contact for pricing
13,875 SF warehouse with office, drive-in doors, and dock.
Property Size13,875 SF
Price / SF$0.00
Days on Market250
Property Features for 211 N Spring Ave. Unit C
General Information
Standard status
Size
Class
Property subtype
Lease Term
Building Details
Building Size
Properties For Sale
at 211 N Spring Ave. Unit C
Unit C
Size
13,875 SF
Type
Warehouse/Distribution
Term
60 months
Listed By:
Chris Cole, JD, CCIM, ALC
(573) 275-0429
Source:
Lorimont
Added: Mar 6
Changed: Aug 8
Last Checked: Aug 8 at 2:10PM
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 Chris Cole, JD, CCIM, ALC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 13,875 square foot warehouse building includes approximately 300 square feet of office/conference space. The property features four grade-level doors, two drive-in doors, and one indoor drive-in dock. The warehouse has 22-foot ceilings throughout, one 16-foot door, and two 14-foot doors. It is zoned M-1 light industrial, which allows for manufacturing, warehousing, retail, and other uses.
Key Highlights
- 13,875 SF warehouse building with M‑1 zoning allowing for manufacturing, warehousing, retail, and other uses.
- High ceilings (22 feet) throughout the warehouse.
- Multiple drive‑in doors (three total) and four grade level doors provide flexible access.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$90,449
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,808,980
$1.8M
Cap Rate 7%
$1,292,129
$1.3M
Cap Rate 9%
$1,004,989
$1.0M
Market Conditions
NOI Build-Up for 13,875 SF
Gross rent
$138.2K $9.96/SF
− Vacancy
−$9.0K −$0.65/SF
EGI
$129.2K $9.31/SF
− OpEx
−$38.8K −$2.79/SF
NOI
$90.4K $6.52/SF
Area
Cape Girardeau County, MO
Vacancy
6.50%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,808,980
Cap Rate 7%
$1,292,129
Cap Rate 9%
$1,004,989
Alternative Uses
Best Use
Office B
$2.72M
$2.38M – $3.17M
NOI $190,202 @ 7.0% cap
Second Best
Retail
$1.83M
$1.60M – $2.13M
NOI $127,950 @ 7.0% cap
Theoretical Best
Office A
$4.38M
$3.83M – $5.11M
NOI $306,410 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,067
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 63701, MO
39,246
Population
17,834
Households
2.2
Avg Household Size
35
Median Age
39%
College-Educated
94%
High-School Grad
132.7 sq mi
ZIP Area
296
Density / Sq Mi
$67,904
Median Household Income
$32,655
Median Earnings
$863
Median Rent
$209,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Warehouses in Cape Girardeau County
Vacancy Rate% for Office in Midwest region
Similar Off Market Nearby
- Silver Springs Storage — 110 N Silver Springs Rd, Cape Girardeau, MO 63701
Frequently Asked Questions
What type of property is this?
Warehouse - 13,875 SF warehouse with office, drive-in doors, and dock.
Where is this warehouse located?
The property is located at 211 N Spring Ave. Unit C Cape Girardeau, MO.
What are key features of this property?
This property features: 13,875 SF warehouse building with M‑1 zoning allowing for manufacturing, warehousing, retail, and other uses.; High ceilings (22 feet) throughout the warehouse.; Multiple drive‑in doors (three total) and four grade level doors provide flexible access.
