Open-Span Flex
For Sale
$849,000
500 Peachtree Drive, Carthage, MO 64836
Commercial Sale, Carthage, MO
Property Size2,907 SF
Lot Size0.99 Acres
Price / SF$292.05
Days on Market179
Property Features for 500 Peachtree Drive
General Information
Property type
Commercial Sale
Property subtype
Retail
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Lot features
Outbuilding(s), Level
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.
Standard status
Active
APN
14-5.0-21-0-0-72.0
Lot size
0.99 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Peach Tree Center Lot 22
Tax Annual Amount
5267
Legal Description
Peach Tree Center Lot 22
Utilities
Utilities
Water Available
Heating system
Natural Gas
Cooling system
Central Air
Amenities
polished concrete flooring
exposed ductwork
partial stone accents
two HVAC systems
Building Details
Year built
2016
Listing Agency:
PRO 100 Inc., REALTORS
(417) 782-0800
Listed By:
James I. Hunter, IV · License #201110009040
(417) 850-5355
Added: Mar 28
Changed: Sep 2
Last Checked: Sep 22 at 5:06AM
MLS# 60319368
Copyright © 2026 Southern Missouri Regional MLS, LLC (SOMO). 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 offers an open-span commercial interior with polished concrete flooring and exposed ductwork. Partial stone accents distinguish the exterior, while two HVAC systems provide climate control. A structural beam along the northeast side of the building supports the property's planned expansion design. Natural gas heating, central air, and water availability are documented for the property.
The building is located at 500 Peachtree Drive in Carthage, just off I-49. The surrounding commercial area includes dining, retail, banking, fitness, medical, dental, and big-box businesses, along with nearby multifamily development. The location also places the property within reach of local and out-of-town traffic.
The building is located at 500 Peachtree Drive in Carthage, just off I-49. The surrounding commercial area includes dining, retail, banking, fitness, medical, dental, and big-box businesses, along with nearby multifamily development. The location also places the property within reach of local and out-of-town traffic.
Key Highlights
- 2016 construction with open‑span commercial layout
- Polished concrete flooring and exposed ductwork
- Two HVAC systems with natural gas heating and central air
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
$27,427
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
3.23%
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%
$548,540
$548.5K
Cap Rate 7%
$391,814
$391.8K
Cap Rate 9%
$304,744
$304.7K
Market Conditions
NOI Build-Up for 2,907 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
$40.8K $14.04/SF
− Vacancy
−$1.6K −$0.56/SF
EGI
$39.2K $13.48/SF
− OpEx
−$11.8K −$4.04/SF
NOI
$27.4K $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%
$548,540
Cap Rate 7%
$391,814
Cap Rate 9%
$304,744
Alternative Uses
Best Use
Retail
$391.8K
$342.8K – $457.1K
NOI $27,427 @ 7.0% cap · market cap 3.23%
Second Best
Industrial
$168.3K
$147.3K – $196.4K
NOI $11,782 @ 7.0% cap · market cap 1.39%
Theoretical Best
Office A
$877.1K
$767.5K – $1.02M
NOI $61,396 @ 7.0% cap · market cap 7.23%
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
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 - Open-span commercial interior 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: 2016 construction with open‑span commercial layout; Polished concrete flooring and exposed ductwork; Two HVAC systems with natural gas heating and central air
