Flex Office/Warehouse
622 Collins Dr Festus, MO 63028
New
622 Collins Dr, Festus, MO, 63028
$875,000
For Sale
$875,000
Two-story flex office/warehouse with dock-high and drive-in bays, 40 paved parking spaces, and CT1 zoning.
Property Size10,000 SF
Lot Size0.74 Acres
Price / SF$87.50
Days on Market2
Property Features for 622 Collins Dr
General Information
- Standard status
- Active
- Size
- 10,000 SF
- Lot size
- 0.74 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1980
Listing agency
Manor Real Estate
(314) 647-6611
Listed by
Ben Cherry () · License #2006018085
Source
Davisrealtor
Added: Jul 20 Updated: Jul 21 at 9:59AM Checked: Jul 21 at 9:59AM
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 Manor Real Estate
Investment Insights
Based on property information with market context.
This two-story flex office/warehouse property totals approximately 10,000 square feet on a 0.74-acre parcel and is configured with an estimated 65% office and 35% warehouse split. The warehouse area includes one dock-high bay and one drive-in bay with an overhead door, with 9-foot clear height. The office space provides a reception area, private offices, and a conference room. Climate control is provided throughout.
Operational features include robust 4-phase, 440-amp electrical service and high-speed internet infrastructure. There are 40 paved parking spaces on-site, and exterior lighting is installed for after-hours accessibility. Zoning is CT1 (Warehouse/Commercial).
The building is currently set up as a single or multi-tenant facility, with an existing tenant occupying 3,455 square feet and 6,545 square feet available for an owner-user or additional leasing.
Operational features include robust 4-phase, 440-amp electrical service and high-speed internet infrastructure. There are 40 paved parking spaces on-site, and exterior lighting is installed for after-hours accessibility. Zoning is CT1 (Warehouse/Commercial).
The building is currently set up as a single or multi-tenant facility, with an existing tenant occupying 3,455 square feet and 6,545 square feet available for an owner-user or additional leasing.
Key Highlights
- Approximately 10,000 sq. ft. two‑story flex office/warehouse on 0.74 acres, built in 1980
- 65% office / 35% warehouse layout with reception, private offices, and a conference room
- Warehouse features include one dock‑high bay, one drive‑in bay with an overhead door, and 9‑foot clear height
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $62.0k | $6.20 |
| − Vacancy | −$310 | −$0.03 |
| EGI | $61.7k | $6.17 |
| − OpEx | −$9.3k | −$0.93 |
| NOI | $52.4k | $5.24 |
10,000 SF · lease $6.20/SF/yr · vacancy 0.50% · expense 15.00%
Alternative Uses
Best Use
Office B
$1.80M
$1.57M – $2.10M
NOI $125,971 @ 7.0% cap · market cap 14.40%
Second Best
Warehouse
$749.1K
$655.5K – $874.0K
NOI $52,437 @ 7.0% cap · market cap 5.99%
Theoretical Best
Specialty Retail
$29.70M
$25.99M – $34.65M
NOI $2,078,932 @ 7.0% cap · market cap 237.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Lydia's Deals & Pallet ...
Discount Store
Switchrite
Freight Service
Rhythm In Self Expression, ...
Theater & Performing Art Venue
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Two-story flex office/warehouse with dock-high and drive-in bays, 40 paved parking spaces, and CT1 zoning.
Where is this flex space located?
The property is located at 622 Collins Dr Festus, MO.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Approximately 10,000 sq. ft. two‑story flex office/warehouse on 0.74 acres, built in 1980; 65% office / 35% warehouse layout with reception, private offices, and a conference room; Warehouse features include one dock‑high bay, one drive‑in bay with an overhead door, and 9‑foot clear height
