118-Unit Self-Storage
For Sale
$1,100,000
687 S Old Orchard Road, Jackson, MO 63755
Commercial Sale, Jackson, MO
Property Size4,200 SF
Lot Size2.65 Acres
Price / SF$261.90
Days on Market48
Property Features for 687 S Old Orchard Road
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Usps #324
Standard status
Active
APN
15-104-08-00-03103-0000
Lot size
2.65 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7198
Utilities
Heating system
Electric (Heating), Forced Air
Cooling system
Central Air, Wall/Window Unit(s), Window Unit(s)
Building Details
Year built
2022
Building materials
Metal Siding
Listing Agency:
Ritter Real Estate
(573) 803-3880
Listed By:
Jared Ritter
(573) 579-4046
Added: Jul 9
Changed: Aug 24
Last Checked: Aug 25 at 7:06AM
MLS# 26042310
Copyright © 2026 Mid America Regional Information Systems, Inc. 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.
This self-storage facility in Jackson, Missouri, was completed in 2022 and contains approximately 4,200 square feet across 118 individual units. The unit mix includes multiple sizes, supporting storage needs for both residential and commercial users. Improvements feature metal siding, electric heating with forced-air distribution, and a combination of central air and wall or window cooling units.
The property occupies 2.65 acres at 687 S Old Orchard Road in Jackson, Missouri 63755. Its configuration combines a substantial land area with an established storage operation and on-site improvements. The facility is located in Cape Girardeau County.
The property occupies 2.65 acres at 687 S Old Orchard Road in Jackson, Missouri 63755. Its configuration combines a substantial land area with an established storage operation and on-site improvements. The facility is located in Cape Girardeau County.
Key Highlights
- 118 individual storage units across multiple sizes
- Approximately 4,200 square feet of storage space
- 2.65‑acre property at 687 S Old Orchard Road
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
$35,435
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
3.22%
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%
$708,700
$708.7K
Cap Rate 7%
$506,214
$506.2K
Cap Rate 9%
$393,722
$393.7K
Market Conditions
NOI Build-Up for 4,200 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
$54.4K $12.96/SF
− Vacancy
−$3.8K −$0.91/SF
EGI
$50.6K $12.05/SF
− OpEx
−$15.2K −$3.62/SF
NOI
$35.4K $8.44/SF
Area
Cape Girardeau County, MO
Vacancy
7.00%
Lease Rate
$12.96 /SF/Yr
Expense Ratio
30.00%
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%
$708,700
Cap Rate 7%
$506,214
Cap Rate 9%
$393,722
Alternative Uses
Best Use
Self Storage
$506.2K
$442.9K – $590.6K
NOI $35,435 @ 7.0% cap · market cap 3.22%
Second Best
Warehouse
$465.8K
$407.6K – $543.4K
NOI $32,606 @ 7.0% cap · market cap 2.96%
Theoretical Best
Office A
$1.33M
$1.16M – $1.55M
NOI $92,751 @ 7.0% cap · market cap 8.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
14
Businesses Nearby
Explore this area
Business Placement
Demographics for 63755, MO
27,496
Population
10,867
Households
2.5
Avg Household Size
39
Median Age
35%
College-Educated
95%
High-School Grad
177.1 sq mi
ZIP Area
155
Density / Sq Mi
$82,841
Median Household Income
$41,876
Median Earnings
$977
Median Rent
$233,400
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 - Recently built storage property with varied unit sizes and electric forced-air heating.
Where is this self storage facility located?
The property is located at 687 S Old Orchard Road Jackson, MO.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 118 individual storage units across multiple sizes; Approximately 4,200 square feet of storage space; 2.65‑acre property at 687 S Old Orchard Road
