Building Details

Year built 2026

Roof type Metal

Listing Agency: Partin Roweton, LLC Show Phone

Listed By: Robert M Partin · License #2014004709 Show Phone

Added: Apr 27 Changed: Oct 23 Last Checked: Nov 6 at 6:06AM

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MLS# 60322032

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.

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This flex space is under construction with a 2026 completion year and a planned basic finish package that includes concrete walls, a ceiling, and one bathroom. The space is identified for retail, office, or other as-needed commercial use. Additional tenant-specific infill beyond the basic work may be completed for a fee.

The property occupies 0.1 acres and has water available. Building systems include a heat pump for heating and central air conditioning, while the roof is metal. The configuration provides a straightforward commercial shell for a business requiring adaptable retail or office space.

Key Highlights

• Flex space under construction with a 2026 completion year
• 0.1‑acre commercial property in Fair Play, MO
• Planned finish includes concrete walls, ceiling, and one bathroom

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$3,574

Suggested Prices Based on Cap Rates

Cap Rate 5%

$71,480 $71.5K

Cap Rate 7%

$51,057 $51.1K

Cap Rate 9%

$39,711 $39.7K

What to ask about pricing

Market Conditions

NOI Build-Up for 1,200 SF

Gross rent

$5.6K $4.68/SF

− Vacancy

−$118 −$0.10/SF

EGI

$5.5K $4.58/SF

− OpEx

−$1.9K −$1.60/SF

NOI

$3.6K $2.98/SF

Area

Polk County, MO

Vacancy

2.10%

Lease Rate

$4.68 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$71,480

Cap Rate 7%

$51,057

Cap Rate 9%

$39,711

Alternative Uses

Best Use

Retail

$127.6K

$111.6K – $148.8K (±1% cap)

NOI $8,930 @ 7.0% cap · market cap 1,116.25%

Second Best

Industrial

$55.0K

$48.1K – $64.2K (±1% cap)

NOI $3,849 @ 7.0% cap · market cap 481.13%

Theoretical Best

Office A

$181.1K

$158.5K – $211.3K (±1% cap)

NOI $12,678 @ 7.0% cap · market cap 1,584.75%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Building Supply Auto Repair Shop HVAC Service Storage Facility Furniture & Home Goods Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

54

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 65649, MO

1,649

Population

1,054

Households

1.6

Avg Household Size

47

Median Age

17%

College-Educated

92%

High-School Grad

67.1 sq mi

ZIP Area

25

Density / Sq Mi

$43,803

Median Household Income

$29,531

Median Earnings

$937

Median Rent

$285,700

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

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Frequently Asked Questions

What type of property is this?

Flex space - Commercial space planned with finished concrete walls, ceiling, bathroom, heat pump, and central air.

Where is this flex space located?

The property is located at 301 E 1st Street Fair Play, MO.

What are key features of this property?

This property features: Flex space under construction with a 2026 completion year; 0.1‑acre commercial property in Fair Play, MO; Planned finish includes concrete walls, ceiling, and one bathroom