Industrial Flex Building with
For Sale
$399,000
64 Paradise Rd, Strafford, MO 65757
Built in 2023, the property includes a large shop with concrete floor, office area, and four automatic 12x12 doors.
Property Size2,250 SF
Lot Size2.00 Acres
Price / SF$177.33
Days on Market273
Property Features for 64 Paradise Rd
General Information
Standard status
Active
Size
2,250 SF
Lot size
2.00 Acres
Additional Details
Highway Access
Yes
Drive-In Doors
4
Taxes and HOA fees
Annual Taxes
$1,871
Building Details
Year Built
2023
Listing Agency:
HomeCoin.com
Listed By:
Jonathan Minerick · License #01523060
(888) 400-2513
Source:
Exprealty
Added: Jan 20
Changed: Oct 19
Last Checked: Oct 19 at 8:02AM
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 HomeCoin.com
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Investment Insights
Based on property information with market context.
Up for sale is a flex industrial building built in 2023 on a 2-acre +/- site. The property features a large shop area with a concrete floor, an office area, and electrical and mechanical improvements including a 200-amp service. The office includes two bathrooms, storage space, and an additional room that houses the well tank, with an electric heat pump serving the office. The building also includes a pre-wire for a hot water tank that is not installed.
The shop is served by four 12' x 12' doors equipped with automatic openers that can be managed remotely. A camera system is included with the sale. The property has new well and septic installed at the time of construction (2023).
Out front, the property includes a large lighted billboard facing Interstate 44 with V design coverage for both eastbound and westbound lanes, which supports added visibility for the site.
The shop is served by four 12' x 12' doors equipped with automatic openers that can be managed remotely. A camera system is included with the sale. The property has new well and septic installed at the time of construction (2023).
Out front, the property includes a large lighted billboard facing Interstate 44 with V design coverage for both eastbound and westbound lanes, which supports added visibility for the site.
Key Highlights
- Built in 2023 on 2 acres +/-, with flexible residential and commercial use
- Large lighted billboard out front facing Interstate 44 (V design), for both eastbound and westbound lanes
- Shop has a concrete floor and four 12'x12' automatic doors with remote management
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,504
Cap Rate
3.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$250,080
$250.1K
Cap Rate 7%
$178,629
$178.6K
Cap Rate 9%
$138,933
$138.9K
Market Conditions
NOI Build-Up for 2,250 SF
Gross rent
$20.3K $9.00/SF
− Vacancy
−$1.0K −$0.45/SF
EGI
$19.2K $8.55/SF
− OpEx
−$6.7K −$2.99/SF
NOI
$12.5K $5.56/SF
Area
Greene County, MO
Vacancy
5.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$250,080
Cap Rate 7%
$178,629
Cap Rate 9%
$138,933
Alternative Uses
Best Use
Flex RnD
$178.6K
$156.3K – $208.4K
NOI $12,504 @ 7.0% cap · market cap 3.13%
Second Best
Industrial
$130.3K
$114.0K – $152.0K
NOI $9,119 @ 7.0% cap · market cap 2.29%
Theoretical Best
Office A
$738.3K
$646.0K – $861.3K
NOI $51,678 @ 7.0% cap · market cap 12.95%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
4
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
19
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 65757, MO
7,962
Population
3,130
Households
2.5
Avg Household Size
41
Median Age
24%
College-Educated
94%
High-School Grad
83.4 sq mi
ZIP Area
95
Density / Sq Mi
$76,809
Median Household Income
$48,256
Median Earnings
$1,007
Median Rent
$231,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Built in 2023, the property includes a large shop with concrete floor, office area, and four automatic 12x12 doors.
Where is this flex space located?
The property is located at 64 Paradise Rd Strafford, MO.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Built in 2023 on 2 acres +/-, with flexible residential and commercial use; Large lighted billboard out front facing Interstate 44 (V design), for both eastbound and westbound lanes; Shop has a concrete floor and four 12'x12' automatic doors with remote management
