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    Retail Space Near Major Retailers Title is generated by Realmo AI

    3162 Phoenix Center Dr, Washington, MO 63090

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    Retail property for sale, adjacent to major retailers.

    Type:Retail
    Property size:
    40,000 SF
    Price / SF:
    $174/SF
    Added:
    Mar 18, 2026
    Days on Market:
    107
    Last Refresh:
    Mar 20 at 12:18 am

    Property Features for 3162 Phoenix Center Dr

    General Information

    Standard status
    Active
    Size
    40,000 SF
    Property subtype
    Retail

    Building Details

    Year Built
    2005

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    Michael Kaider

    Listing office CBRE - Oak Brook

    Listing date Mar 18, 2026

    Source Crexi

    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 CBRE - Oak Brook

    HighLights

    • Recent extension
    • Adjacent to ALDI, Target, Five Below, ULTA & More
    • Built in 2005

    Overview

    This retail property offers 40,000 square feet of space. The property is located adjacent to ALDI, Target, Five Below, and ULTA. The property has undergone a recent extension.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $561.6k $14.04
    − Vacancy −$23.6k −$0.59
    EGI $538.0k $13.45
    − OpEx −$161.4k −$4.04
    NOI $376.6k $9.42
    40,000 SF · lease $14.04/SF/yr · vacancy 4.20% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $5.38M
    $4.71M – $6.28M (±1% cap)
    NOI $376,609 @ 7.0% cap · market cap 5.40%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $11.78M
    $10.30M – $13.74M (±1% cap)
    NOI $824,325 @ 7.0% cap · market cap 11.82%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail properties & Spaces

    Suggested Use

    Real Estate Agency Law Firm Building Supply Big Box & Wholesale Store Restaurant Spa & Massage Center Storage Facility Nail Salon Skin Care Clinic Garden Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Washington
    County
    Franklin
    State
    Missouri
    Longitude
    -91.0388
    Latitude
    38.5374

    FAQs

    What type of property is this?
    Retail property - Retail property for sale, adjacent to major retailers.
    Where is this retail property located?
    The property is located at 3162 Phoenix Center Dr Washington, MO.
    What is the asking price?
    The asking price for this property is $6,975,000.
    What are key features of this property?
    This property features: Recent extension; Adjacent to ALDI, Target, Five Below, ULTA & More; Built in 2005
    More about this property
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