Flex Space with
For Sale
$650,000
3082 County Road 620, Cape Girardeau, MO 63701
Commercial Sale, Cape Girardeau, MO
Property Size7,200 SF
Lot Size1.37 Acres
Price / SF$90.28
Days on Market27
Property Features for 3082 County Road 620
General Information
Property type
Commercial Sale
Property subtype
Other
Property condition
Under Construction
Standard status
Active
APN
15-600-00-04-00400-0000
Lot size
1.37 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
2026
Floors in Building
2
Flooring type
Concrete
Building materials
Metal Siding
Listing Agency:
EDGE Realty ERA Powered
(573) 335-8111
Listed By:
Jacob Fish · License #2010013545
(573) 335-8111
Added: Jul 30
Changed: Aug 24
Last Checked: Aug 25 at 2:06AM
MLS# 26035541
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 7,200-square-foot flex property combines finished commercial space with a substantial shop area and additional framed expansion space. The layout includes approximately 2,400 square feet of finished showroom area, 3,600 square feet dedicated to shop use, and 1,200 square feet upstairs that can be completed for office, storage, or living quarters. Two large garage doors support movement of vehicles, materials, and equipment, while on-site parking serves employees and visitors.
Located at 3082 County Road 620 in Cape Girardeau, the property occupies 1.37 acres. Metal siding, concrete flooring, forced-air heating, and central air are in place. Construction is identified as under construction, with a 2026 year built.
Located at 3082 County Road 620 in Cape Girardeau, the property occupies 1.37 acres. Metal siding, concrete flooring, forced-air heating, and central air are in place. Construction is identified as under construction, with a 2026 year built.
Key Highlights
- 7,200 square feet across showroom, shop, and upstairs expansion areas
- Approximately 2,400 square feet of finished showroom space
- 3,600‑square‑foot shop area for commercial or industrial operations
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
8.60%
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 10.21%
Second Best
Warehouse
$798.5K
$698.7K – $931.6K
NOI $55,896 @ 7.0% cap · market cap 8.60%
Theoretical Best
Office A
$2.27M
$1.99M – $2.65M
NOI $159,002 @ 7.0% cap · market cap 24.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Drive-in doors
Location Intelligence
Trade Area within ½ mile
60
Businesses Nearby
Balanced
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Pilot House Restaurant & Catering — 3532 Perryville Rd, Cape Girardeau, MO 63701
Frequently Asked Questions
What type of property is this?
Flex space - Versatile commercial facility combining customer-facing space, industrial work areas, and unfinished expansion capacity.
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 $650,000.
What are key features of this property?
This property features: 7,200 square feet across showroom, shop, and upstairs expansion areas; Approximately 2,400 square feet of finished showroom space; 3,600‑square‑foot shop area for commercial or industrial operations
