Building Details

Year Built 2000

Buildings 1

Listing Agency: EDGE Realty ERA Powered h***@goedgerealty.com Show Phone

Listed By: Jacob Fish · License #2010013545 Show Phone

Source: Flowershomerealty

Added: Jun 8 Changed: Oct 23 Last Checked: Oct 23 at 1:26PM

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Investment Insights

Based on property information with market context.

Set on 3.3 acres, this flex property includes a 3,800-square-foot shop with a finished 192-square-foot office and bathroom. Four 12-by-12-foot overhead doors serve the main building, which was built in 2000. An attached 16-by-33-foot covered carport adds sheltered work or storage space, and a rear 16-by-72-foot shop and storage area has two overhead doors. A separate 24-by-36-by-13-foot carport and storage structure and a security system are also on site.

The property is on State Highway W, with access to both Cape Girardeau and Jackson. The combination of shop, office, covered areas, and storage provides several distinct spaces for commercial operations.

Key Highlights

• 3.3‑acre property with a 3,800‑square‑foot shop
• Finished 192‑square‑foot office and bathroom
• Four 12x12 overhead doors in the main shop

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$29,501

Cap Rate

6.21%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$590,020 $590.0K

Cap Rate 7%

$421,443 $421.4K

Cap Rate 9%

$327,789 $327.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,800 SF

Gross rent

$37.8K $9.96/SF

− Vacancy

−$3.1K −$0.83/SF

EGI

$34.7K $9.13/SF

− OpEx

−$5.2K −$1.37/SF

NOI

$29.5K $7.76/SF

Area

Cape Girardeau County, MO

Vacancy

8.30%

Lease Rate

$9.96 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$590,020

Cap Rate 7%

$421,443

Cap Rate 9%

$327,789

Alternative Uses

Best Use

Warehouse

$421.4K

$368.8K – $491.7K (±1% cap)

NOI $29,501 @ 7.0% cap · market cap 6.21%

Second Best

Industrial

$353.9K

$309.7K – $412.9K (±1% cap)

NOI $24,772 @ 7.0% cap · market cap 5.22%

Theoretical Best

Office A

$1.20M

$1.05M – $1.40M (±1% cap)

NOI $83,918 @ 7.0% cap · market cap 17.67%

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

Flex space

Suggested Use

Top Pick Plumbing Service Auto Repair Shop Carpet & Flooring Store Kitchen & Bath Showroom HVAC Service Tech Support Center

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

Location Intelligence

Trade Area within ½ mile

12

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 63755, MO

27,496

Population

10,867

Households

2.5

Avg Household Size

39

Median Age

35%

College-Educated

95%

High-School Grad

177.1 sq mi

ZIP Area

155

Density / Sq Mi

$82,841

Median Household Income

$41,876

Median Earnings

$977

Median Rent

$233,400

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Several work and storage areas are paired with a finished office and bathroom.

Where is this flex space located?

The property is located at 6065 State Highway W Jackson, MO.

What is the asking price?

The asking price for this property is $474,900.

What are key features of this property?

This property features: 3.3‑acre property with a 3,800‑square‑foot shop; Finished 192‑square‑foot office and bathroom; Four 12x12 overhead doors in the main shop