Flex Property with Warehouse
For Sale
$950,000
2583 High Street, Sarcoxie, MO 64862
COMMERCIAL - Sarcoxie, MO
Property Size11,220 SF
Lot Size7.00 Acres
Price / SF$84.67
Days on Market55
Property Features for 2583 High Street
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Directions
Take I44 to exit 29 Sarcoxie. Go South to sign, third building on West side
Standard status
Active
APN
23200900000009001
Lot size
7.00 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
BEG 76' W & 810' S NE COR W1/2 E 3/4 NE NW SWLY TO PT 498' W SAID BEG PT & 506.35' S HWY I-44 R/W S 170' E TO W R/W HWY NELY ALG R/W TO BEG
Tax Annual Amount
1991
Legal Description
BEG 76' W & 810' S NE COR W1/2 E 3/4 NE NW SWLY TO PT 498' W SAID BEG PT & 506.35' S HWY I-44 R/W S 170' E TO W R/W HWY NELY ALG R/W TO BEG
Utilities
Utilities
Water Available
Heating system
Natural Gas, Forced Air
Cooling system
Central Air, Gas (Cooling)
Building Details
Year built
2000
Roof type
Metal
Listing Agency:
PRO 100 Inc., REALTORS
(417) 782-0800
Listed By:
James I. Hunter, IV · License #201110009040
(417) 850-5355
Added: Jul 1
Changed: Aug 18
Last Checked: Aug 24 at 6:06PM
MLS# 60327882
Copyright © 2026 Southern Missouri Regional MLS, LLC (SOMO). 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 flex property includes two buildings linked by a hallway, combining office, showroom, warehouse, and storage functions. The improvements total 11,220 square feet, with 3,720 square feet in the first building and 7,500 square feet of ground-level warehouse area in the second. An additional 6,500-square-foot mezzanine provides storage capacity. The first building includes two bathrooms, office space, and a showroom. The warehouse building has two bathrooms, two commercial doors, central heat and air, a 300,000 BTU suspended heat unit, and two wall-mounted exhaust fans.
The property fronts High Street, also identified as Business Loop 44, for 180 feet and borders I-44. It has access to city water and sewer while sitting outside the city limits. The site is located at the Sarcoxie I-44 exit and includes a seller-retained easement along the south boundary for access to two western tracts. The property was built in 2000 and has a metal roof.
The property fronts High Street, also identified as Business Loop 44, for 180 feet and borders I-44. It has access to city water and sewer while sitting outside the city limits. The site is located at the Sarcoxie I-44 exit and includes a seller-retained easement along the south boundary for access to two western tracts. The property was built in 2000 and has a metal roof.
Key Highlights
- 11,220 square feet across office, showroom, and warehouse areas
- 6,500‑square‑foot mezzanine for additional storage
- 180 feet of frontage on High Street, also known as Business Loop 44
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
$55,219
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
5.81%
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%
$1,104,380
$1.1M
Cap Rate 7%
$788,843
$788.8K
Cap Rate 9%
$613,544
$613.5K
Market Conditions
NOI Build-Up for 11,220 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
$67.3K $6.00/SF
− Vacancy
−$2.4K −$0.21/SF
EGI
$65.0K $5.79/SF
− OpEx
−$9.7K −$0.87/SF
NOI
$55.2K $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%
$1,104,380
Cap Rate 7%
$788,843
Cap Rate 9%
$613,544
Alternative Uses
Best Use
Office B
$2.11M
$1.85M – $2.46M
NOI $147,835 @ 7.0% cap · market cap 15.56%
Second Best
Warehouse
$788.8K
$690.2K – $920.3K
NOI $55,219 @ 7.0% cap · market cap 5.81%
Theoretical Best
Office A
$3.39M
$2.96M – $3.95M
NOI $236,966 @ 7.0% cap · market cap 24.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
71
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 64862, MO
3,282
Population
1,498
Households
2.2
Avg Household Size
41
Median Age
8%
College-Educated
85%
High-School Grad
90.6 sq mi
ZIP Area
36
Density / Sq Mi
$46,495
Median Household Income
$28,694
Median Earnings
$858
Median Rent
$117,800
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Connected office, showroom, and warehouse buildings offer flexible commercial functionality with dedicated storage and utility access.
Where is this flex space located?
The property is located at 2583 High Street Sarcoxie, MO.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 11,220 square feet across office, showroom, and warehouse areas; 6,500‑square‑foot mezzanine for additional storage; 180 feet of frontage on High Street, also known as Business Loop 44
