Industrial Flex Building with
64 Paradise Rd Strafford, MO 65757
64 Paradise Rd, Strafford, MO, 65757
$425,000
For Sale
$425,000
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$188.89
Days on Market182
Property Features for 64 Paradise Rd
General Information
- Standard status
- Active
- Size
- 2,250 SF
- Lot size
- 2.00 Acres
Listing agency
Homecoin.com
(888) 400-2513
Listed by
Jonathan Minerick · License #01523060
(888) 400-2513
Source
Exprealty
Added: Jan 20 Updated: Jul 20 at 10:06PM Checked: Jul 20 at 10:06PM
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
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
Local Financial Insights For Flex RnD
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 | $20.3k | $9.00 |
| − Vacancy | −$1.0k | −$0.45 |
| EGI | $19.2k | $8.55 |
| − OpEx | −$6.7k | −$2.99 |
| NOI | $12.5k | $5.56 |
2,250 SF · lease $9.00/SF/yr · vacancy 5.00% · expense 35.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Xpress CDL
Vocational School
Similar For Sale Nearby
FAQs
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 $425,000.
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
