Warehouse with Showroom and
For Sale
Contact for pricing
3082 County Road 620, Cape Girardeau, MO 63701
Versatile warehouse with finished showroom, shop space, and framed upstairs area in Cape Girardeau.
Property Size7,200 SF
Price / SF$97.22
Days on Market60
Property Features for 3082 County Road 620
General Information
Standard status
Active
Size
7,200 SF
Property subtype
Industrial
Building Details
Year Built
2026
Listing Agency:
Edge Realty
(573) 450-3791
Listed By:
Jacob Fish · License #2010013545
Source:
Crexi
Added: Jun 8
Changed: Jul 10
Last Checked: Aug 5 at 12:35PM
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 Edge Realty
Investment Insights
Based on property information with market context.
The property is a 7,200-square-foot warehouse designed for mixed commercial use, combining approximately 2,400 square feet of finished showroom area with a 3,600-square-foot shop portion built for a range of commercial or industrial workflows. An additional 1,200 square feet upstairs has already been framed out and is ready to be finished as living quarters, expanded office space, or additional storage. Two large garage doors provide straightforward loading and day-to-day access for equipment and service needs.
Located at 3082 County Road 620 in Cape Girardeau, Missouri, the building is positioned for high visibility within its local commercial setting. Ample on-site parking is provided for employees, customers, and equipment, supporting operations that combine client interaction with hands-on work.
For buyers and operators, the mix of showroom, shop, and potential upstairs finish makes the facility practical for businesses that need both customer-facing space and functional warehouse capability. The garage-door access supports flexible use cases, while the framed upper area offers a clear path to tailoring the property to office expansion, storage, or other space needs as operations evolve.
Located at 3082 County Road 620 in Cape Girardeau, Missouri, the building is positioned for high visibility within its local commercial setting. Ample on-site parking is provided for employees, customers, and equipment, supporting operations that combine client interaction with hands-on work.
For buyers and operators, the mix of showroom, shop, and potential upstairs finish makes the facility practical for businesses that need both customer-facing space and functional warehouse capability. The garage-door access supports flexible use cases, while the framed upper area offers a clear path to tailoring the property to office expansion, storage, or other space needs as operations evolve.
Key Highlights
- 7,200 SF warehouse with finished showroom, 3,600 SF shop area, and an additional framed 1,200 SF upstairs space
- Approximately 2,400 SF finished showroom space for retail, client‑facing business operations, or office use
- 3,600 SF shop area built to handle a wide range of commercial or industrial needs
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
$55,896
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
7.99%
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%
$1,117,920
$1.1M
Cap Rate 7%
$798,514
$798.5K
Cap Rate 9%
$621,067
$621.1K
Market Conditions
NOI Build-Up for 7,200 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
$71.7K $9.96/SF
− Vacancy
−$6.0K −$0.83/SF
EGI
$65.8K $9.13/SF
− OpEx
−$9.9K −$1.37/SF
NOI
$55.9K $7.76/SF
Area
Cape Girardeau County, MO
Vacancy
8.30%
Lease Rate
$9.96 /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%
$1,117,920
Cap Rate 7%
$798,514
Cap Rate 9%
$621,067
Alternative Uses
Best Use
Retail
$948.5K
$830.0K – $1.11M
NOI $66,396 @ 7.0% cap · market cap 9.49%
Second Best
Warehouse
$798.5K
$698.7K – $931.6K
NOI $55,896 @ 7.0% cap · market cap 7.99%
Theoretical Best
Office A
$2.27M
$1.99M – $2.65M
NOI $159,002 @ 7.0% cap · market cap 22.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
10
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 63701, MO
39,246
Population
17,834
Households
2.2
Avg Household Size
35
Median Age
39%
College-Educated
94%
High-School Grad
132.7 sq mi
ZIP Area
296
Density / Sq Mi
$67,904
Median Household Income
$32,655
Median Earnings
$863
Median Rent
$209,600
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Flex space - Versatile warehouse with finished showroom, shop space, and framed upstairs area in Cape Girardeau.
Where is this flex space located?
The property is located at 3082 County Road 620 Cape Girardeau, MO.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: 7,200 SF warehouse with finished showroom, 3,600 SF shop area, and an additional framed 1,200 SF upstairs space; Approximately 2,400 SF finished showroom space for retail, client‑facing business operations, or office use; 3,600 SF shop area built to handle a wide range of commercial or industrial needs
