Two-Level Brick Office
For Sale
$459,000
602 W 5th St, Washington, MO 63090
Standalone office property with flexible upper- and lower-level layouts for business or multi-tenant use.
Property Size2,996 SF
Price / SF$153.20
Days on Market11
Property Features for 602 W 5th St
General Information
Standard status
Active
Size
2,996 SF
Taxes and HOA fees
Annual Taxes
$4,478
Building Details
Buildings
1
Building Size
2,996 SF
Construction
brick
Tenancy
Multi
Listing Agency:
Dolan, Realtors
(636) 583-5900
Listed By:
Shayla Kurzenberger · License #1999111443
(314) 541-3018
Source:
Exprealty
Added: Sep 4
Changed: Sep 13
Last Checked: Sep 13 at 10:46AM
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 Dolan, Realtors
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.
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 = 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
$40,381
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
8.80%
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%
$807,620
$807.6K
Cap Rate 7%
$576,871
$576.9K
Cap Rate 9%
$448,678
$448.7K
Market Conditions
NOI Build-Up for 2,996 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
$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 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%
$807,620
Cap Rate 7%
$576,871
Cap Rate 9%
$448,678
Alternative Uses
Best Use
Office B
$576.9K
$504.8K – $673.0K
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
NOI $61,742 @ 7.0% cap · market cap 13.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
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
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Market
Vacancy Rate% for Office in Midwest region
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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
