341 North Avenue, Sparta, MO 65753

Building Details

Year Built 1992 More

Listing Agency: Murney Associates - Primrose t***@murney.com Show Phone

Listed By: Tanner Robertson · License #2021019348 Show Phone

Source: Onefiverealestate

Added: Sep 14 Changed: Nov 8 Last Checked: Nov 8 at 9:45AM

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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 Murney Associates - Primrose

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Investment Insights

Based on property information with market context.

This flex property combines 1,556 square feet of finished space with an oversized garage and shop area. The finished portion contains two rooms and two bathrooms, while the garage was previously configured for ambulance bays. The building was constructed in 1992 and sits on approximately 0.52 acres.

Located at 341 North Avenue in Sparta, Missouri, the property includes outdoor land in addition to its indoor workspace.

Key Highlights

• 1,556 square feet of finished space
• Two finished rooms and two bathrooms
• Oversized garage and shop area, previously used for ambulance bays

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$6,060

Cap Rate

3.19%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$121,200 $121.2K

Cap Rate 7%

$86,571 $86.6K

Cap Rate 9%

$67,333 $67.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,556 SF

Gross rent

$7.3K $4.68/SF

− Vacancy

−$153 −$0.10/SF

EGI

$7.1K $4.58/SF

− OpEx

−$1.1K −$0.69/SF

NOI

$6.1K $3.89/SF

Area

Christian County, MO

Vacancy

2.10%

Lease Rate

$4.68 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$121,200

Cap Rate 7%

$86,571

Cap Rate 9%

$67,333

Alternative Uses

Best Use

Warehouse

$86.6K

$75.8K – $101.0K (±1% cap)

NOI $6,060 @ 7.0% cap · market cap 3.19%

Second Best

Industrial

$71.3K

$62.4K – $83.2K (±1% cap)

NOI $4,990 @ 7.0% cap · market cap 2.63%

Theoretical Best

Office A

$234.9K

$205.5K – $274.0K (±1% cap)

NOI $16,440 @ 7.0% cap · market cap 8.65%

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

Cox Health Center Health Sparta Ambulance Services Ambulance Service

Suggested Use

Top Pick Dental Office Real Estate Agency Building Supply Pharmacy Furniture & Home Goods Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

143

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 65753, MO

4,937

Population

2,212

Households

2.2

Avg Household Size

40

Median Age

18%

College-Educated

93%

High-School Grad

70.9 sq mi

ZIP Area

70

Density / Sq Mi

$77,232

Median Household Income

$40,523

Median Earnings

$791

Median Rent

$215,300

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

Frequently Asked Questions

What type of property is this?

Flex space - Finished rooms and a large garage area support a combination of office and shop functions.

Where is this flex space located?

The property is located at 341 North Avenue Sparta, MO.

What is the asking price?

The asking price for this property is $190,000.

What are key features of this property?

This property features: 1,556 square feet of finished space; Two finished rooms and two bathrooms; Oversized garage and shop area, previously used for ambulance bays