Flex Space with Loading
506 Terry Lane, Washington, MO 63090
For Sale
$1,600,000
M-1 zoning and a lower-level drive-in door support a range of industrial and storage configurations.
Property Size28,000 SF
Price / SF$57.14
Days on Market96
Property Features for 506 Terry Lane
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Drive-In Doors
Taxes and HOA fees
Annual Taxes
Building Details
Year Built
Buildings
Stories
Building Size
Listing Agency:
Trophy Properties & Auction
(636) 527-5263
Listed By:
Eric Merchant · License #MO 1999068395
(314) 541-1218
Source:
Cityscapesrealty
Added: Aug 6
Changed: Nov 7
Last Checked: Nov 8 at 12:23PM
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 Trophy Properties & Auction
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 28,000 sqft flex property in Washington, Missouri, was built in 1970. Its 14,000 sqft main level is divided into multiple units, with the option to reconfigure the interior or use the space as one larger area. A lower level has a drive-in door at the south end, and the building includes multiple loading docks.
The M-1 zoning is identified for manufacturing, machine shop, tool and die, warehouse, climate-controlled storage, industrial, and office uses.
The M-1 zoning is identified for manufacturing, machine shop, tool and die, warehouse, climate-controlled storage, industrial, and office uses.
Key Highlights
- 28,000 sqft building
- 14,000 sqft main level divided into multiple units
- Lower‑level drive‑in door at the south end
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$111,952
Cap Rate
7.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,239,040
$2.2M
Cap Rate 7%
$1,599,314
$1.6M
Cap Rate 9%
$1,243,911
$1.2M
Market Conditions
NOI Build-Up for 28,000 SF
Gross rent
$184.8K $6.60/SF
− Vacancy
−$12.6K −$0.45/SF
EGI
$172.2K $6.15/SF
− OpEx
−$60.3K −$2.15/SF
NOI
$112.0K $4.00/SF
Area
Franklin County, MO
Vacancy
6.80%
Lease Rate
$6.60 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,239,040
Cap Rate 7%
$1,599,314
Cap Rate 9%
$1,243,911
Alternative Uses
Best Use
Warehouse
$3.08M
$2.70M – $3.60M
NOI $215,922 @ 7.0% cap · market cap 13.50%
Second Best
Industrial
$2.54M
$2.22M – $2.96M
NOI $177,818 @ 7.0% cap · market cap 11.11%
Theoretical Best
Office A
$8.24M
$7.21M – $9.62M
NOI $577,028 @ 7.0% cap · market cap 36.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
208
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 63090, MO
22,843
Population
9,745
Households
2.3
Avg Household Size
43
Median Age
33%
College-Educated
94%
High-School Grad
81.5 sq mi
ZIP Area
280
Density / Sq Mi
$83,966
Median Household Income
$46,556
Median Earnings
$873
Median Rent
$260,700
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
Frequently Asked Questions
What type of property is this?
Flex space - M-1 zoning and a lower-level drive-in door support a range of industrial and storage configurations.
Where is this flex space located?
The property is located at 506 Terry Lane Washington, MO.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 28,000 sqft building; 14,000 sqft main level divided into multiple units; Lower‑level drive‑in door at the south end
