Flex Property with Attached
New
For Sale
$549,000
4204 County Lane 118, Carthage, MO 64836
Commercial Sale, Carthage, MO
Property Size5,208 SF
Lot Size12.53 Acres
Price / SF$105.41
Days on Market2
Property Features for 4204 County Lane 118
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bathroom 1, Bathroom 3, Basement
Basement
Finished
Directions
I49 to Cedar, East to Cty Rd 122, North to Dogwood, East to County Lane 118, Property on north side
Subdivision
09 - Carthage Area
Standard status
Active
APN
147025000000100000
Size
5,208 SF
Lot size
12.53 Acres
Taxes and HOA fees
Tax Annual Amount
3146
Utilities
Heating system
Electric (Heating), Propane (Heating)
Cooling system
Central Air
Amenities
private offices
conference room
restrooms
shower
kitchenette
break area
Building Details
Year built
1994
Flooring type
Concrete
Roof type
Shingle
Listing Agency:
Southtown Real Estate
(417) 782-5552
Listed By:
Spencer Aggus · License #2001027656
(417) 529-0028
Added: Sep 9
Last Checked: Sep 10 at 5:06AM
MLS# 265086
Copyright © 2026 Ozark Gateway Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 5,208-square-foot flex property, built in 1994, combines professional office areas with substantial workshop capacity. The primary building includes private offices, conference rooms, restrooms with a shower, and a kitchenette with break space. Concrete flooring, central air, and propane and electric heating serve the facility.
An attached 40x40 shop provides three 14-foot overhead doors, 17+ foot ceiling height, 220V power, and 400-amp electrical service. A separate 24x44 building with electric adds additional enclosed workspace or storage. The property encompasses 12.53 acres near Center Creek in Carthage, Missouri.
An attached 40x40 shop provides three 14-foot overhead doors, 17+ foot ceiling height, 220V power, and 400-amp electrical service. A separate 24x44 building with electric adds additional enclosed workspace or storage. The property encompasses 12.53 acres near Center Creek in Carthage, Missouri.
Key Highlights
- 12.53‑acre flex property near Center Creek in Carthage, MO
- 5,208 SF main building built in 1994
- 40x40 attached shop with (3) 14ft overhead doors
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
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Office, workshop, and auxiliary building areas support 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: 12.53‑acre flex property near Center Creek in Carthage, MO; 5,208 SF main building built in 1994; 40x40 attached shop with (3) 14ft overhead doors
