Building Details

Year Built 1992

Buildings 1

Building Size 3,189 SF

Construction metal building

Listing Agency: Fitz Osborn Real Estate LLC m***@fitzosborn.com Show Phone

Listed By: Wade Fitzmaurice · License #2017007249 Show Phone

Source: Legendaryapartmentbrokers

Added: Sep 2 Changed: Nov 1 Last Checked: Oct 31 at 11:42PM

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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 Fitz Osborn Real Estate LLC

Ask AI about this property

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

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This 3,189-square-foot metal flex building combines warehouse space with two finished office suites, identified as 305 and 307. The warehouse has a drive-in bay with a roll-up door, high ceilings, exposed steel beams, an overhead-lit open area, and a separate exit. A loft provides additional storage space. The office suites feature recessed lighting, built-in shelving, and a kitchenette with cabinetry and a sink. A covered walkway links the suites, and the building has an ADA-accessible entrance.

Paved parking surrounds the property in Oak Grove. Built in 1992, the building offers a combination of office and warehouse areas within one commercial property.

Key Highlights

• 3,189‑square‑foot flex building in Oak Grove
• Two finished office suites addressed 305 and 307
• Drive‑in bay with roll‑up door

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$19,097

Suggested Prices Based on Cap Rates

Cap Rate 5%

$381,940 $381.9K

Cap Rate 7%

$272,814 $272.8K

Cap Rate 9%

$212,189 $212.2K

What to ask about pricing

Market Conditions

NOI Build-Up for 3,189 SF

Gross rent

$31.8K $9.96/SF

− Vacancy

−$2.4K −$0.75/SF

EGI

$29.4K $9.21/SF

− OpEx

−$10.3K −$3.22/SF

NOI

$19.1K $5.99/SF

Area

Jackson County, MO

Vacancy

7.50%

Lease Rate

$9.96 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$381,940

Cap Rate 7%

$272,814

Cap Rate 9%

$212,189

Alternative Uses

Best Use

Warehouse

$838.7K

$733.9K – $978.5K (±1% cap)

NOI $58,711 @ 7.0% cap · market cap 1,957.03%

Second Best

Industrial

$690.7K

$604.4K – $805.8K (±1% cap)

NOI $48,350 @ 7.0% cap · market cap 1,611.67%

Theoretical Best

—

—

same as Best Use

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

Tough Stuff USA Storage Facility

Suggested Use

Top Pick Building Supply Dental Office Big Box & Wholesale Store Spa & Massage Center Auto Parts Store Garden Center

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

1

Drive-in doors

Location Intelligence

Trade Area within ½ mile

201

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 64075, MO

12,319

Population

4,695

Households

2.6

Avg Household Size

39

Median Age

20%

College-Educated

89%

High-School Grad

49.3 sq mi

ZIP Area

250

Density / Sq Mi

$80,825

Median Household Income

$45,176

Median Earnings

$980

Median Rent

$233,400

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 - Two finished office suites complement an open warehouse area and a kitchenette.

Where is this flex space located?

The property is located at 305 NW Locust Court Oak Grove, MO.

What are key features of this property?

This property features: 3,189‑square‑foot flex building in Oak Grove; Two finished office suites addressed 305 and 307; Drive‑in bay with roll‑up door