Versatile Commercial Property with
For Sale
Contact for pricing
2307 Missouri Ave, Carthage, MO 64836
Adaptable commercial space suitable for various business operations.
Property Size4,490 SF
Price / SF$61.25
Days on Market178
Property Features for 2307 Missouri Ave
General Information
Standard status
Active
Size
4,490 SF
Class
D
Property subtype
Industrial, Mixed Use, Office
Zoning
F
Investment Type
Owner/User
Building Details
Year Built
2001
Buildings
1
Stories
1
Listing Agency:
Keller Williams Realty of SWMO
Listed By:
Shannon Frieling · License #MO2021004176
Source:
Crexi
Added: Feb 14
Changed: Aug 7
Last Checked: Aug 10 at 3:36AM
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 Keller Williams Realty of SWMO
Investment Insights
Based on property information with market context.
This commercial property offers a practical layout suitable for a distribution hub, nonprofit organization, food service operation, or community outreach program. The property features a welcoming entry and a series of private offices suitable for meeting space, client intake, or administration. The interior includes wide hallways and easy access to phone and internet systems. At the center of the building is a large multi-use room that flows into a working kitchen and break area. The heated and cooled warehouse space is located toward the back. Two walk-in units, one refrigeration and one freezer, are in place and negotiable with the sale. Roll-up warehouse access, a partially fenced perimeter, and a dual parcel layout provide options for storage, delivery, or expansion. The property is located on a quieter street with access to town and a sense of community. The property layout allows for multiple uses and partnerships.
Key Highlights
- Heated and cooled warehouse space with roll‑up access.
- Large multi‑use room, working kitchen, and break area.
- Private offices suitable for meeting space or administration.
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
$22,098
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
8.04%
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%
$441,960
$442.0K
Cap Rate 7%
$315,686
$315.7K
Cap Rate 9%
$245,533
$245.5K
Market Conditions
NOI Build-Up for 4,490 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
$26.9K $6.00/SF
− Vacancy
−$943 −$0.21/SF
EGI
$26.0K $5.79/SF
− OpEx
−$3.9K −$0.87/SF
NOI
$22.1K $4.92/SF
Area
Jasper County, MO
Vacancy
3.50%
Lease Rate
$6.00 /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%
$441,960
Cap Rate 7%
$315,686
Cap Rate 9%
$245,533
Alternative Uses
Best Use
Office B
$845.1K
$739.5K – $986.0K
NOI $59,160 @ 7.0% cap · market cap 21.51%
Second Best
Specialty Retail
$648.4K
$567.4K – $756.5K
NOI $45,389 @ 7.0% cap · market cap 16.51%
Theoretical Best
Office A
$1.35M
$1.19M – $1.58M
NOI $94,829 @ 7.0% cap · market cap 34.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
300
Businesses Nearby
Explore this area
Business Placement
Demographics for 64836, MO
25,334
Population
10,241
Households
2.5
Avg Household Size
37
Median Age
24%
College-Educated
82%
High-School Grad
184.1 sq mi
ZIP Area
138
Density / Sq Mi
$58,775
Median Household Income
$35,311
Median Earnings
$883
Median Rent
$157,700
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Adaptable commercial space suitable for various business operations.
Where is this mixed-use property located?
The property is located at 2307 Missouri Ave Carthage, MO.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Heated and cooled warehouse space with roll‑up access.; Large multi‑use room, working kitchen, and break area.; Private offices suitable for meeting space or administration.
