Strip Mall with Federal Agency
New
For Sale
$1,350,000
43 Prairie Dell Plaza Dr, Union, MO 63084
Three occupied suites include a long-standing Social Security Administration location.
Property Size9,600 SF
Lot Size1.38 Acres
Price / SF$140.63
Days on Market2
Property Features for 43 Prairie Dell Plaza Dr
General Information
Standard status
Active
Size
9,600 SF
Lot size
1.38 Acres
Property subtype
Shopping Strip
Occupancy
100%
Additional Details
Cap Rate
9.01%
Anchor Co-Tenants
United States Social Security Administration
Amenities
Fully Occupied Three-Suite Retail Center | 100 Percent Occupancy
Social Security Administration Anchored | 75 Percent of GLA
U.S. Government-Backed Tenant | S&P AA+ Credit Rating
Only SSA Office Within Approximately 30 Miles
Surrounded by Walmart, Dollar Tree, Tractor Supply, Aldi, East Central College & Other National/Regional Retailers
Building Details
Building Size
9,600 SF
Year Built
2000
Year Renovated
2012
Tenancy
Multi
Listing Agency:
Marcus & Millichap
Listed By:
Jake Nowak · License #License(s): MO: 2025007018, IL: 475.216742
(314) 889-2565
Source:
Marcusmillichap
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 15 at 2:13AM
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 Marcus & Millichap
Investment Insights
Based on property information with market context.
This 9,600-square-foot strip mall, completed in 2000 and updated in 2012, sits on 1.38 acres and is fully leased to three tenants. The Social Security Administration occupies 7,200 square feet, or 75% of the property, and has been at this location since 2012. Its space was fitted out with an investment exceeding $200,000.
The property is less than one-half mile from U.S. Highway 50. Nearby retailers include Walmart Supercenter, Dollar Tree, Aldi, Tractor Supply, Burger King, and AT&T; East Central College is also in the surrounding area. The SSA location serves Franklin County and nearby communities, with another SSA office approximately 30 miles away.
The property is less than one-half mile from U.S. Highway 50. Nearby retailers include Walmart Supercenter, Dollar Tree, Aldi, Tractor Supply, Burger King, and AT&T; East Central College is also in the surrounding area. The SSA location serves Franklin County and nearby communities, with another SSA office approximately 30 miles away.
Key Highlights
- 9,600 square feet on 1.38 acres
- Built in 2000; renovated in 2012
- 100 percent occupied by three tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$90,386
Cap Rate
6.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,807,720
$1.8M
Cap Rate 7%
$1,291,229
$1.3M
Cap Rate 9%
$1,004,289
$1.0M
Market Conditions
NOI Build-Up for 9,600 SF
Gross rent
$134.8K $14.04/SF
− Vacancy
−$5.7K −$0.59/SF
EGI
$129.1K $13.45/SF
− OpEx
−$38.7K −$4.04/SF
NOI
$90.4K $9.42/SF
Area
Franklin County, MO
Vacancy
4.20%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,807,720
Cap Rate 7%
$1,291,229
Cap Rate 9%
$1,004,289
Alternative Uses
Best Use
Retail
$1.29M
$1.13M – $1.51M
NOI $90,386 @ 7.0% cap · market cap 6.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.83M
$2.47M – $3.30M
NOI $197,838 @ 7.0% cap · market cap 14.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3
Businesses Nearby
Explore this area
Business Placement
Demographics for 63084, MO
19,500
Population
8,511
Households
2.3
Avg Household Size
38
Median Age
21%
College-Educated
90%
High-School Grad
76.3 sq mi
ZIP Area
256
Density / Sq Mi
$72,332
Median Household Income
$42,327
Median Earnings
$852
Median Rent
$221,800
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 Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Strip mall - Three occupied suites include a long-standing Social Security Administration location.
Where is this strip mall located?
The property is located at 43 Prairie Dell Plaza Dr Union, MO.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 9,600 square feet on 1.38 acres; Built in 2000; renovated in 2012; 100 percent occupied by three tenants
