Modern Flex Facility with
For Sale
Under Contract
$1,400,000
303 Industrial Drive, New Haven, MO 63068
Commercial Sale, New Haven, MO
Property Size10,800 SF
Lot Size2.57 Acres
Price / SF$129.63
Days on Market139
Property Features for 303 Industrial Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Industrial Park
Directions
From St. Louis, MO take Interstate 44 west to Exit 251 (Hwy 100) approximately 38 miles to Industrial Drive on your left. Follow Industrial drive approximately 1/2 mile. Building will be on your right.
Standard status
Active Under Contract
APN
12-1-020-0-015-015700
Lot size
2.57 Acres
Utilities
Heating system
Ceiling, Radiant, Electric (Heating), Natural Gas, Radiant Ceiling
Cooling system
Central Air
Amenities
overhead doors
mezzanine storage
professional offices
central air conditioning
radiant heat
louvered exhaust fans
polished concrete floors
compressed air lines
water lines
high bay LED lighting
Building Details
Year built
2021
Floors in Building
1
Building materials
Frame, Steel Siding
Listing Agency:
RE/MAX Today · RE/MAX International
(573) 237-7700
Listed By:
Aaron Swann · License #2005028195
(636) 358-4277
Added: May 7
Changed: Sep 13
Last Checked: Sep 22 at 8:06AM
MLS# 26027256
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.
Built in 2021, this flex facility occupies 2.57 acres and provides an approximately 60' x 180' building footprint. The main area features ceilings exceeding 17', polished concrete flooring, multiple overhead doors with openers, high-bay LED lighting, and mezzanine storage. Professional offices, two bathrooms, including one handicap-accessible bathroom, and a large parking lot support daily operations.
The building includes radiant heat, Central A/C, louvered exhaust fans, and distributed compressed-air and water lines. Electrical service includes three-phase and single-phase power, with multiple panels rated at 600 amps and 225 amps. Located in the New Haven industrial park, the property is currently configured for automobile restoration use and offers a substantial commercial facility for other compatible applications.
The building includes radiant heat, Central A/C, louvered exhaust fans, and distributed compressed-air and water lines. Electrical service includes three-phase and single-phase power, with multiple panels rated at 600 amps and 225 amps. Located in the New Haven industrial park, the property is currently configured for automobile restoration use and offers a substantial commercial facility for other compatible applications.
Key Highlights
- 2.57‑acre site in the New Haven industrial park
- Approximately 60' x 180' building footprint with ceilings exceeding 17'
- Multiple overhead doors with openers and a large parking lot
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
$101,684
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
7.26%
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%
$2,033,680
$2.0M
Cap Rate 7%
$1,452,629
$1.5M
Cap Rate 9%
$1,129,822
$1.1M
Market Conditions
NOI Build-Up for 10,800 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
$151.6K $14.04/SF
− Vacancy
−$6.4K −$0.59/SF
EGI
$145.3K $13.45/SF
− OpEx
−$43.6K −$4.04/SF
NOI
$101.7K $9.42/SF
Area
Franklin County, MO
Vacancy
4.20%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
30.00%
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%
$2,033,680
Cap Rate 7%
$1,452,629
Cap Rate 9%
$1,129,822
Alternative Uses
Best Use
Retail
$1.45M
$1.27M – $1.69M
NOI $101,684 @ 7.0% cap · market cap 7.26%
Second Best
Warehouse
$1.19M
$1.04M – $1.39M
NOI $83,284 @ 7.0% cap · market cap 5.95%
Theoretical Best
Office A
$3.18M
$2.78M – $3.71M
NOI $222,568 @ 7.0% cap · market cap 15.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
136
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 63068, MO
5,113
Population
2,442
Households
2.1
Avg Household Size
42
Median Age
25%
College-Educated
93%
High-School Grad
91.9 sq mi
ZIP Area
56
Density / Sq Mi
$81,750
Median Household Income
$45,349
Median Earnings
$825
Median Rent
$209,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Flex space - Commercial facility combines office space, service areas, storage, and building systems suited to varied operational requirements.
Where is this flex space located?
The property is located at 303 Industrial Drive New Haven, MO.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 2.57‑acre site in the New Haven industrial park; Approximately 60' x 180' building footprint with ceilings exceeding 17'; Multiple overhead doors with openers and a large parking lot
