Modern Self-Storage
For Sale
Contact for pricing
612 Centennial Street, Webb City, MO 64870
Contemporary storage property with automated entry, remote operations, and approved plans for additional buildings.
Property Size22,800 SF
Lot Size1.77 Acres
Price / SF$61.40
Days on Market12
Property Features for 612 Centennial Street
General Information
Standard status
Active
Size
22,800 SF
Lot size
1.77 Acres
Property subtype
Self Storage
Occupancy
80%
Additional Details
Self-Storage Units
137
Amenities
LiftMaster gate integrated with ESS software
DaVinci locks for automated access and remote operation
Building Details
Year Built
2022
Buildings
8
Listing Agency:
IEB Real Estate
Listed By:
Andy Heck · License #MO 2017015940
Source:
Crexi
Added: Sep 11
Changed: Sep 16
Last Checked: Sep 21 at 7:03AM
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 IEB Real Estate
Investment Insights
Based on property information with market context.
This self-storage facility contains 137 units across 22,800 square feet on 1.77 acres. Construction was completed in two phases: the first four buildings were finished in early 2022, followed by four additional buildings along the eastern and northern rows in December 2024. The property currently reports 79.56% physical occupancy.
Approved drawings provide for three more buildings totaling 7,700 square feet. Operations include a LiftMaster gate connected to ESS software and DaVinci locks, supporting automated access and remote management. The facility is located at 612 Centennial Street in Webb City, Missouri, where population increased 3.1% in 2025 and home sale prices rose 8.7% year over year. Current rents are approximately 10% below market rates, and a rent adjustment program is underway.
Approved drawings provide for three more buildings totaling 7,700 square feet. Operations include a LiftMaster gate connected to ESS software and DaVinci locks, supporting automated access and remote management. The facility is located at 612 Centennial Street in Webb City, Missouri, where population increased 3.1% in 2025 and home sale prices rose 8.7% year over year. Current rents are approximately 10% below market rates, and a rent adjustment program is underway.
Key Highlights
- 137‑unit self‑storage facility comprising 22,800 square feet on 1.77 acres
- 79.56% current physical occupancy
- Eight buildings completed across two phases in early 2022 and December 2024
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
$112,210
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
8.02%
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%
$2,244,200
$2.2M
Cap Rate 7%
$1,603,000
$1.6M
Cap Rate 9%
$1,246,778
$1.2M
Market Conditions
NOI Build-Up for 22,800 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
$136.8K $6.00/SF
− Vacancy
−$4.8K −$0.21/SF
EGI
$132.0K $5.79/SF
− OpEx
−$19.8K −$0.87/SF
NOI
$112.2K $4.92/SF
Area
Jasper County, MO
Vacancy
3.50%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
15.00%
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%
$2,244,200
Cap Rate 7%
$1,603,000
Cap Rate 9%
$1,246,778
Alternative Uses
Best Use
Self Storage
$2.80M
$2.45M – $3.27M
NOI $195,925 @ 7.0% cap · market cap 13.99%
Second Best
Warehouse
$1.60M
$1.40M – $1.87M
NOI $112,210 @ 7.0% cap · market cap 8.02%
Theoretical Best
Office A
$6.88M
$6.02M – $8.03M
NOI $481,536 @ 7.0% cap · market cap 34.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
79.6%
Occupancy
Location Intelligence
Trade Area within ½ mile
293
Businesses Nearby
Explore this area
Business Placement
Demographics for 64870, MO
16,566
Population
6,796
Households
2.4
Avg Household Size
35
Median Age
30%
College-Educated
92%
High-School Grad
33.6 sq mi
ZIP Area
493
Density / Sq Mi
$64,619
Median Household Income
$39,267
Median Earnings
$942
Median Rent
$166,000
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Self storage facility - Contemporary storage property with automated entry, remote operations, and approved plans for additional buildings.
Where is this self storage facility located?
The property is located at 612 Centennial Street Webb City, MO.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 137‑unit self‑storage facility comprising 22,800 square feet on 1.77 acres; 79.56% current physical occupancy; Eight buildings completed across two phases in early 2022 and December 2024
