Building Details

Building Size 1,309 SF

Year Built 2020

Buildings 2

Stories 1

Listing Agency: Flowers Home Realty i***@flowershomerealty.com Show Phone

Listed By: Marletta Flowers Show Phone

Source: Flowershomerealty

Added: Jan 8 Changed: Oct 23 Last Checked: Oct 23 at 1:26PM

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Investment Insights

Based on property information with market context.

This 1,309-square-foot flex property was built in 2020 and occupies approximately 0.85 acres. A detached three-car garage is insulated and equipped with heating and cooling. The main building and septic system are each described as about five years old.

Key Highlights

• 1,309‑square‑foot building constructed in 2020
• Approximately 0.85 acres
• Detached three‑car garage with insulation, heating, and cooling

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$14,221

Cap Rate

4.11%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$284,420 $284.4K

Cap Rate 7%

$203,157 $203.2K

Cap Rate 9%

$158,011 $158.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,309 SF

Gross rent

$19.8K $15.12/SF

− Vacancy

−$831 −$0.64/SF

EGI

$19.0K $14.48/SF

− OpEx

−$4.7K −$3.62/SF

NOI

$14.2K $10.86/SF

Area

Franklin County, MO

Vacancy

4.20%

Lease Rate

$15.12 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$284,420

Cap Rate 7%

$203,157

Cap Rate 9%

$158,011

Alternative Uses

Best Use

Specialty Retail

$203.2K

$177.8K – $237.0K (±1% cap)

NOI $14,221 @ 7.0% cap · market cap 4.11%

Second Best

Industrial

$118.8K

$103.9K – $138.6K (±1% cap)

NOI $8,313 @ 7.0% cap · market cap 2.40%

Theoretical Best

Office A

$385.4K

$337.2K – $449.6K (±1% cap)

NOI $26,976 @ 7.0% cap · market cap 7.80%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Stacked Coffee Cafe & Coffee Shop Stacked Coffeehouse Cafe & Coffee Shop

Suggested Use

Top Pick Building Supply Auto Repair Shop Plumbing Service Storage Facility Catering Service Cafe & Coffee Shop

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

32

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 63089, MO

5,791

Population

2,354

Households

2.5

Avg Household Size

44

Median Age

17%

College-Educated

93%

High-School Grad

37.0 sq mi

ZIP Area

157

Density / Sq Mi

$70,981

Median Household Income

$40,862

Median Earnings

$1,060

Median Rent

$211,400

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

Similar Off Market Nearby

• Lightly Smoked, LLC — 290 Bridgewater Hill Dr, Villa Ridge, MO 63089

Frequently Asked Questions

What type of property is this?

Flex space - A compact building and climate-controlled detached garage offer separate areas for a range of work or storage needs.

Where is this flex space located?

The property is located at 419 Olive Street Villa Ridge, MO.

What is the asking price?

The asking price for this property is $345,900.

What are key features of this property?

This property features: 1,309‑square‑foot building constructed in 2020; Approximately 0.85 acres; Detached three‑car garage with insulation, heating, and cooling