Building Details

Buildings 1

Building Size 2,996 SF

Construction brick

Tenancy Multi

Listing Agency: Dolan, Realtors d***@dolanrealtors.com Show Phone

Listed By: Shayla Kurzenberger · License #1999111443 Show Phone

Source: Exprealty

Added: Sep 4 Changed: Oct 25 Last Checked: Oct 28 at 9:32AM

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Investment Insights

Based on property information with market context.

This standalone brick office building contains 2,996 square feet arranged across upper and lower levels. The layout supports multiple office configurations, including separate executive areas, operational space, or occupancy by more than one business.

The property sits on a low-maintenance lot at 602 W 5th St in Washington, MO. Its convenient access and visible setting add practical value for an office user seeking a freestanding commercial location.

Key Highlights

• 2,996‑square‑foot standalone office building
• Brick construction with office space on upper and lower levels
• Flexible layout for multi‑tenant occupancy or separate executive and operational areas

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$40,381

Cap Rate

8.80%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$807,620 $807.6K

Cap Rate 7%

$576,871 $576.9K

Cap Rate 9%

$448,678 $448.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,996 SF

Gross rent

$69.0K $23.04/SF

− Vacancy

−$15.2K −$5.07/SF

EGI

$53.8K $17.97/SF

− OpEx

−$13.5K −$4.49/SF

NOI

$40.4K $13.48/SF

Area

Franklin County, MO

Vacancy

22.00%

Lease Rate

$23.04 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$807,620

Cap Rate 7%

$576,871

Cap Rate 9%

$448,678

Alternative Uses

Best Use

Office B

$576.9K

$504.8K – $673.0K (±1% cap)

NOI $40,381 @ 7.0% cap · market cap 8.80%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$882.0K

$771.8K – $1.03M (±1% cap)

NOI $61,742 @ 7.0% cap · market cap 13.45%

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

Office buildings

Suggested Use

Top Pick Electrical Service Grocery & Convenience Store Garden Center (Bike/Boat/Book/etc) Store Computer & Electronic Repair Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

1,012

Businesses Nearby

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

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

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Frequently Asked Questions

What type of property is this?

Office building - Standalone office property with flexible upper- and lower-level layouts for business or multi-tenant use.

Where is this office building located?

The property is located at 602 W 5th St Washington, MO.

What is the asking price?

The asking price for this property is $459,000.

What are key features of this property?

This property features: 2,996‑square‑foot standalone office building; Brick construction with office space on upper and lower levels; Flexible layout for multi‑tenant occupancy or separate executive and operational areas