Multi-Tenant Mixed-Use
New
For Sale
$4,500,000
5995 6007 21st Street, Ozark, MO 65721
Commercial Sale, Ozark, MO
Property Size32,125 SF
Lot Size6.05 Acres
Price / SF$227.22
Days on Market2
Property Features for 5995 6007 21st Street
General Information
Property type
Commercial Sale
Property subtype
Office
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 5, Bathroom 2, Bathroom 6, Bathroom 4, Bathroom 1, Bathroom 3
Parking features
Garage - Attached
Lot features
Sidewalk(s), Surveyed
Directions
From Hwy 65 & CC, west on CC to N 22nd St. Right on N 22nd St. Right on 21st St. to property on left.
Standard status
Active
APN
110204000000003002
Lot size
6.05 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
BEG 1110' W & 580' S NEC NE, S 429' E 560' N 379' W 523 TO POB
Tax Annual Amount
31685
Legal Description
BEG 1110' W & 580' S NEC NE, S 429' E 560' N 379' W 523 TO POB
Utilities
Utilities
Electricity Available
Heating system
Electric (Heating), Forced Air
Cooling system
Central Air, Electric
Building Details
Year built
2004
Roof type
Metal
Listing Agency:
Estes Stancer Commercial Group
(417) 725-5900
Listed By:
Kyle E Estes · License #2004031075
(417) 619-4481
Added: Sep 15
Changed: Sep 16
Last Checked: Sep 16 at 11:06AM
MLS# 60333936
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.
Built in 2004, this multi-tenant commercial property combines approximately 19,805 SF of office and retail space with 12,820 SF of warehouse and distribution space. The 32,125 SF building offers a varied configuration for commercial operations, with 82 striped parking spaces, an attached garage, and room for additional parking. Electric heating, forced-air heating, central air, and a metal roof support the existing improvements.
The property is located at 5995 6007 21st Street in Ozark, Missouri, along Highway 65. Its site access and highway frontage provide direct exposure to one of the area’s primary commercial corridors. The existing layout supports a multi-tenant configuration while also providing substantial office, retail, warehouse, and distribution space within one property.
The property is located at 5995 6007 21st Street in Ozark, Missouri, along Highway 65. Its site access and highway frontage provide direct exposure to one of the area’s primary commercial corridors. The existing layout supports a multi-tenant configuration while also providing substantial office, retail, warehouse, and distribution space within one property.
Key Highlights
- 32,125 SF multi‑tenant commercial building
- Approximately 19,805 SF of office and retail space
- Approximately 12,820 SF of warehouse and distribution space
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
$156,934
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
3.49%
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%
$3,138,680
$3.1M
Cap Rate 7%
$2,241,914
$2.2M
Cap Rate 9%
$1,743,711
$1.7M
Market Conditions
NOI Build-Up for 19,805 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
$218.6K $11.04/SF
− Vacancy
−$9.4K −$0.47/SF
EGI
$209.2K $10.57/SF
− OpEx
−$52.3K −$2.64/SF
NOI
$156.9K $7.92/SF
Area
Christian County, MO
Vacancy
4.30%
Lease Rate
$11.04 /SF/Yr
Expense Ratio
25.00%
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%
$3,138,680
Cap Rate 7%
$2,241,914
Cap Rate 9%
$1,743,711
Alternative Uses
Best Use
Office B
$2.24M
$1.96M – $2.62M
NOI $156,934 @ 7.0% cap · market cap 3.49%
Second Best
Mixed Use
$2.12M
$1.85M – $2.47M
NOI $148,166 @ 7.0% cap · market cap 3.29%
Theoretical Best
Office A
$2.99M
$2.62M – $3.49M
NOI $209,245 @ 7.0% cap · market cap 4.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
475
Businesses Nearby
Explore this area
Business Placement
Demographics for 65721, MO
32,975
Population
13,467
Households
2.4
Avg Household Size
36
Median Age
35%
College-Educated
93%
High-School Grad
95.9 sq mi
ZIP Area
344
Density / Sq Mi
$76,552
Median Household Income
$41,653
Median Earnings
$991
Median Rent
$253,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Flexible office, retail, and warehouse configuration with Highway 65 frontage and on-site parking.
Where is this mixed-use property located?
The property is located at 5995 6007 21st Street Ozark, MO.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: 32,125 SF multi‑tenant commercial building; Approximately 19,805 SF of office and retail space; Approximately 12,820 SF of warehouse and distribution space
