Versatile Commercial Property For
For Sale
$389,000
309 E Park Ln, Odessa, MO 64076
8,000 SF commercial property with highway visibility in growing area.
Property Size8,000 SF
Price / SF$48.63
Days on Market196
Property Features for 309 E Park Ln
General Information
Standard status
Active
Size
8,000 SF
Building Details
Year Built
2004
Listing Agency:
Heritage Realty
Listed By:
Brenda Oliver · License #1999010347
(816) 419-3271
Source:
Urbancoolkc
Added: Mar 26
Changed: Sep 14
Last Checked: Oct 5 at 7:43PM
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 Heritage Realty
Investment Insights
Based on property information with market context.
This 8,000 square foot commercial property is located in a rapidly growing area and was originally designed as eight 1,000 SF units. Each unit features its own private bathroom and overhead door, offering flexibility for a variety of tenants or business types. The property is currently partially leased and continues to attract strong interest from prospective tenants, making it an investment opportunity with potential for immediate income. Strategically positioned with highway visibility, the building offers exposure and easy access, enhancing its long-term value and appeal. The property is suitable for investors expanding their portfolio or business owners seeking a flexible commercial space.
Key Highlights
- Income‑generating potential with existing leases and strong tenant interest.
- Flexible design with eight 1,000 SF units, each with a private bathroom and overhead door.
- High visibility location with easy highway access.**
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,117
Cap Rate
8.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$622,340
$622.3K
Cap Rate 7%
$444,529
$444.5K
Cap Rate 9%
$345,744
$345.7K
Market Conditions
NOI Build-Up for 8,000 SF
Gross rent
$47.0K $5.88/SF
− Vacancy
−$2.6K −$0.32/SF
EGI
$44.5K $5.56/SF
− OpEx
−$13.3K −$1.67/SF
NOI
$31.1K $3.89/SF
Area
Lafayette County, MO
Vacancy
5.50%
Lease Rate
$5.88 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$622,340
Cap Rate 7%
$444,529
Cap Rate 9%
$345,744
Alternative Uses
Best Use
Mixed Use
$1.36M
$1.19M – $1.58M
NOI $95,040 @ 7.0% cap · market cap 24.43%
Second Best
Flex RnD
$1.17M
$1.03M – $1.37M
NOI $82,118 @ 7.0% cap · market cap 21.11%
Theoretical Best
Retail
$1.77M
$1.55M – $2.06M
NOI $123,734 @ 7.0% cap · market cap 31.81%
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
20
Businesses Nearby
Explore this area
Business Placement
Demographics for 64076, MO
9,863
Population
3,752
Households
2.6
Avg Household Size
39
Median Age
23%
College-Educated
94%
High-School Grad
124.3 sq mi
ZIP Area
79
Density / Sq Mi
$81,058
Median Household Income
$43,002
Median Earnings
$961
Median Rent
$226,400
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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Frequently Asked Questions
What type of property is this?
Mixed-use property - 8,000 SF commercial property with highway visibility in growing area.
Where is this mixed-use property located?
The property is located at 309 E Park Ln Odessa, MO.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: Income‑generating potential with existing leases and strong tenant interest.; Flexible design with **eight 1,000 SF units, each with a private bathroom and overhead door.**; High visibility location with easy highway access.**
