Flex Space with Attached
For Sale
$549,000
4204 County Lane 118, Carthage, MO 64836
Office, shop, and auxiliary building improvements accommodate varied commercial operations on a substantial acreage tract.
Property Size5,208 SF
Lot Size12.50 Acres
Price / SF$105.41
Days on Market17
Property Features for 4204 County Lane 118
General Information
Standard status
Active
Size
5,208 SF
Lot size
12.50 Acres
Property subtype
Commercial
Warehouse & Industrial
Clear Height
17 ft
Power
400 amps
Amenities
conference room
break area
shower
Building Details
Year Built
1994
Buildings
2
Listing Agency:
Southtown Real Estate
Listed By:
Spencer Aggus · License #2001027656
(417) 529-0028
Source:
Trilakeshomesearch
Added: Sep 2
Changed: Sep 17
Last Checked: Sep 18 at 7:37AM
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 Southtown Real Estate
Investment Insights
Based on property information with market context.
This 5,208-square-foot flex property combines office functionality with industrial shop space on approximately 12.5 acres. Built in 1994, the main building includes private offices, conference areas, restrooms with a shower, and a kitchenette with break space. Electrical capacity includes 400-amp service.
An attached 40-by-40-foot shop adds three 14-foot overhead doors, 17-plus-foot ceilings, and 220V power. A separate 24-by-44-foot building with electric provides additional enclosed space. The property is located near Center Creek and brings together professional workspace, shop improvements, and additional building area within one commercial holding.
An attached 40-by-40-foot shop adds three 14-foot overhead doors, 17-plus-foot ceilings, and 220V power. A separate 24-by-44-foot building with electric provides additional enclosed space. The property is located near Center Creek and brings together professional workspace, shop improvements, and additional building area within one commercial holding.
Key Highlights
- Approximately 12.5 acres near Center Creek
- 5,208‑square‑foot flex property built in 1994
- Main building includes private offices, conference areas, restrooms with shower, and kitchenette
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
$25,631
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
4.67%
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%
$512,620
$512.6K
Cap Rate 7%
$366,157
$366.2K
Cap Rate 9%
$284,789
$284.8K
Market Conditions
NOI Build-Up for 5,208 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
$31.2K $6.00/SF
− Vacancy
−$1.1K −$0.21/SF
EGI
$30.2K $5.79/SF
− OpEx
−$4.5K −$0.87/SF
NOI
$25.6K $4.92/SF
Area
Jasper County, MO
Vacancy
3.50%
Lease Rate
$6.00 /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%
$512,620
Cap Rate 7%
$366,157
Cap Rate 9%
$284,789
Alternative Uses
Best Use
Warehouse
$366.2K
$320.4K – $427.2K
NOI $25,631 @ 7.0% cap · market cap 4.67%
Second Best
Industrial
$301.5K
$263.9K – $351.8K
NOI $21,108 @ 7.0% cap · market cap 3.84%
Theoretical Best
Office A
$1.57M
$1.37M – $1.83M
NOI $109,993 @ 7.0% cap · market cap 20.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
17 ft
Clear height
Location Intelligence
Trade Area within ½ mile
3
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 64836, MO
25,334
Population
10,241
Households
2.5
Avg Household Size
37
Median Age
24%
College-Educated
82%
High-School Grad
184.1 sq mi
ZIP Area
138
Density / Sq Mi
$58,775
Median Household Income
$35,311
Median Earnings
$883
Median Rent
$157,700
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?
Flex space - Office, shop, and auxiliary building improvements accommodate varied commercial operations on a substantial acreage tract.
Where is this flex space located?
The property is located at 4204 County Lane 118 Carthage, MO.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Approximately 12.5 acres near Center Creek; 5,208‑square‑foot flex property built in 1994; Main building includes private offices, conference areas, restrooms with shower, and kitchenette
