Open-Span Flex
For Sale
$849,000
500 Peachtree Drive, Carthage, MO 64836
Commercial Sale, Carthage, MO
Property Size2,970 SF
Lot Size0.99 Acres
Price / SF$285.86
Days on Market172
Property Features for 500 Peachtree Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Directions
From I-49, take the Fir Rd exit. East on Fir Road to the light. South on The Loop to Peachtree Drive. Property is at the intersection of The Loop and Peachtree Drive.
Subdivision
09 - Carthage Area
Standard status
Active
APN
14502100000072000
Size
2,970 SF
Lot size
0.99 Acres
Taxes and HOA fees
Tax Annual Amount
5267
Utilities
Heating system
Natural Gas, Central
Cooling system
Central Air
Building Details
Year built
2016
Flooring type
Concrete
Listing Agency:
PRO 100 Inc., REALTORS
(417) 782-0800
Listed By:
Jim Alyssa Hunter Team · License #2010009040
(417) 850-5355
Added: Mar 28
Changed: Sep 12
Last Checked: Sep 15 at 10:06PM
MLS# 261633
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 2016 flex space provides an open-span commercial layout with polished concrete flooring, exposed ductwork, partial stone exterior accents, and two HVAC systems. The building includes a bathroom, central air, natural gas heating, and a structural beam along the northeast side that supports future expansion planning. The property occupies a 0.99-acre lot in Carthage, Missouri, with the building positioned on the western portion of the site.
Access is available just off I-49, with surrounding commercial and residential development that includes multifamily properties, dining, retail, banking, fitness, medical and dental offices, a dispensary, and big-box retailers. The open configuration can accommodate a range of commercial concepts, including retail, office, medical, or restaurant uses, subject to applicable approvals.
Access is available just off I-49, with surrounding commercial and residential development that includes multifamily properties, dining, retail, banking, fitness, medical and dental offices, a dispensary, and big-box retailers. The open configuration can accommodate a range of commercial concepts, including retail, office, medical, or restaurant uses, subject to applicable approvals.
Key Highlights
- 2,970‑square‑foot flex space built in 2016
- 0.99‑acre lot with building positioned on the western portion
- Open‑span interior with polished concrete flooring and exposed ductwork
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
$28,022
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
3.30%
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%
$560,440
$560.4K
Cap Rate 7%
$400,314
$400.3K
Cap Rate 9%
$311,356
$311.4K
Market Conditions
NOI Build-Up for 2,970 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
$41.7K $14.04/SF
− Vacancy
−$1.7K −$0.56/SF
EGI
$40.0K $13.48/SF
− OpEx
−$12.0K −$4.04/SF
NOI
$28.0K $9.43/SF
Area
Jasper County, MO
Vacancy
4.00%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
30.00%
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%
$560,440
Cap Rate 7%
$400,314
Cap Rate 9%
$311,356
Alternative Uses
Best Use
Retail
$400.3K
$350.3K – $467.0K
NOI $28,022 @ 7.0% cap · market cap 3.30%
Second Best
Industrial
$172.0K
$150.5K – $200.6K
NOI $12,037 @ 7.0% cap · market cap 1.42%
Theoretical Best
Office A
$896.1K
$784.1K – $1.05M
NOI $62,726 @ 7.0% cap · market cap 7.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
304
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 - Modern commercial space with polished concrete floors, exposed ductwork, and two HVAC systems.
Where is this flex space located?
The property is located at 500 Peachtree Drive Carthage, MO.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: 2,970‑square‑foot flex space built in 2016; 0.99‑acre lot with building positioned on the western portion; Open‑span interior with polished concrete flooring and exposed ductwork
