Flex Space with Interstate
For Sale
$425,000
64 Paradise Road, Strafford, MO 65757
Commercial Sale, Strafford, MO
Property Size2,250 SF
Lot Size2.00 Acres
Price / SF$188.89
Days on Market215
Property Features for 64 Paradise Road
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Directions
From I44 at the Strafford exit then head south to Route OO then turn east on Route OO to Paradise Road on Right side then Turn right on Paradise road to property on immediate right side
Standard status
Active
APN
129031000000039020
Lot size
2.00 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PT SE SE LY S RR
Tax Annual Amount
1871
Legal Description
PT SE SE LY S RR
Utilities
Utilities
Electricity Available
Heating system
Heat Pump (Heating), Electric (Heating)
Cooling system
Central Air, Heat Pump, Electric
Building Details
Year built
2023
Roof type
Metal
Listing Agency:
HomeCoin.com
(888) 400-2513
Listed By:
Jonathan Minerick · License #01523060
(888) 400-2513
Added: Jan 20
Changed: Aug 19
Last Checked: Aug 23 at 12:06AM
MLS# 60313777
Copyright © 2026 Southern Missouri Regional MLS, LLC (SOMO). All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Completed in 2023, this flex property contains 2,250 square feet on approximately 2 acres. The building combines a shop with a concrete floor and office space that includes two bathrooms, a storage closet, and a separate well-tank room. Four 12-by-12-foot overhead doors have automatic openers with remote operation. A 200-amp electrical service supports the building, which also has an electric heat pump for the office and a metal roof.
The property is positioned along Interstate 44 near Strafford in Webster County, Missouri, with a lighted V-shaped billboard facing both eastbound and westbound traffic. New well and septic systems were installed when the building was constructed. The site also includes a compacted gravel area and a camera system that transfers with the sale.
The property is positioned along Interstate 44 near Strafford in Webster County, Missouri, with a lighted V-shaped billboard facing both eastbound and westbound traffic. New well and septic systems were installed when the building was constructed. The site also includes a compacted gravel area and a camera system that transfers with the sale.
Key Highlights
- 2,250‑square‑foot flex building completed in 2023 on approximately 2 acres
- Lighted V‑shaped billboard faces both eastbound and westbound Interstate 44 traffic
- Shop includes a concrete floor, 200‑amp service, and four 12‑by‑12‑foot overhead doors
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
$12,504
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
2.94%
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%
$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
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
$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 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%
$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 2.94%
Second Best
Industrial
$130.3K
$114.0K – $152.0K
NOI $9,119 @ 7.0% cap · market cap 2.15%
Theoretical Best
Office A
$738.3K
$646.0K – $861.3K
NOI $51,678 @ 7.0% cap · market cap 12.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
23
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
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Newer flex property with a shop, office area, remote-operated doors, and dedicated water and septic systems.
Where is this flex space located?
The property is located at 64 Paradise Road Strafford, MO.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 2,250‑square‑foot flex building completed in 2023 on approximately 2 acres; Lighted V‑shaped billboard faces both eastbound and westbound Interstate 44 traffic; Shop includes a concrete floor, 200‑amp service, and four 12‑by‑12‑foot overhead doors
