Building Details

Building materials Aluminum Siding

Listing Agency: Century 21 CopperKey Realty Show Phone

Listed By: Christopher Kramer · License #2015019894 Show Phone

Added: Sep 15 Last Checked: Sep 17 at 8:06AM

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MLS# 26059400

Copyright © 2026 Mid America Regional Information Systems, Inc. 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 approximately 9,000 SF flex property combines warehouse, office, and mezzanine areas within an industrial-oriented building. The 20-foot clear height supports vertical storage and equipment use, while two 3-phase electrical services provide power capacity for manufacturing, fabrication, contractor, equipment storage, and other commercial operations.

The property occupies 0.5 acres at 28300 N Wind Drive in Wright City, Missouri 63390. Building features include aluminum siding, multiple heating units, multi-unit cooling, and garage parking. The configuration can accommodate a range of warehouse and light industrial activities, including distribution, wholesale, automotive-related operations, and owner-user commercial use.

Key Highlights

• Approximately 9,000 SF industrial flex property
• 20' clear height for vertical storage and equipment use
• Two 3‑phase electrical service

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

$44,294

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

4.92%

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%

$885,880 $885.9K

Cap Rate 7%

$632,771 $632.8K

Cap Rate 9%

$492,156 $492.2K

Market Conditions

NOI Build-Up for 9,000 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

$54.0K $6.00/SF

− Vacancy

−$1.9K −$0.21/SF

EGI

$52.1K $5.79/SF

− OpEx

−$7.8K −$0.87/SF

NOI

$44.3K $4.92/SF

Area

Warren 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%

$885,880

Cap Rate 7%

$632,771

Cap Rate 9%

$492,156

Alternative Uses

Best Use

Flex RnD

$1.19M

$1.04M – $1.39M (±1% cap)

NOI $83,363 @ 7.0% cap · market cap 9.26%

Second Best

Warehouse

$632.8K

$553.7K – $738.2K (±1% cap)

NOI $44,294 @ 7.0% cap · market cap 4.92%

Theoretical Best

Office A

$2.23M

$1.95M – $2.60M (±1% cap)

NOI $155,803 @ 7.0% cap · market cap 17.31%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Skilled Medical Solutions, ... Production Facility Northwind Self Storage Storage Facility

Suggested Use

Top Pick Parking Lot & Garage HVAC Service Garden Center (Bike/Boat/Book/etc) Store Real Estate Agency Cafe & Coffee Shop

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

20 ft

Clear height

Location Intelligence

Trade Area within ½ mile

43

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 63390, MO

11,982

Population

5,681

Households

2.1

Avg Household Size

38

Median Age

24%

College-Educated

84%

High-School Grad

78.2 sq mi

ZIP Area

153

Density / Sq Mi

$79,803

Median Household Income

$42,297

Median Earnings

$872

Median Rent

$244,500

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

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

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Frequently Asked Questions

What type of property is this?

Flex space - Industrial flex property combining warehouse, office, and mezzanine areas with two 3-phase electrical services.

Where is this flex space located?

The property is located at 28300 N Wind Drive Wright City, MO.

What is the asking price?

The asking price for this property is $900,000.

What are key features of this property?

This property features: Approximately 9,000 SF industrial flex property; 20' clear height for vertical storage and equipment use; Two 3‑phase electrical service