Industrial Flex Space with
For Sale
Contact for pricing
705 Ada Street, Adrian, MO 64720
M-2 industrial zoning combines shop, office, vehicle-access, and outdoor operating capabilities in one commercial property.
Property Size1,256 SF
Price / SF$113.17
Days on Market10
Property Features for 705 Ada Street
General Information
Standard status
Active
Size
1,256 SF
Property subtype
Special Purpose, Land, Self Storage
Zoning
M-2
Investment Type
Owner/User
Building Details
Buildings
3
Units
7
Building Size
1,256 SF
Abandoned
No
Listing Agency:
Platinum Realty
Listed By:
Samantha Zellmer · License #MO 2020030766 KS 00245623
Source:
Crexi
Added: Aug 1
Changed: Aug 9
Last Checked: Aug 10 at 3:44PM
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 Platinum Realty
Investment Insights
Based on property information with market context.
This flex-space property combines a 6,000 SF steel-frame shop with a 300 SF office and restroom, an 1,800 SF wood-frame and metal building, and a separate 1,256 SF office building. The secondary building has five overhead doors for vehicle, equipment, and material access. The office includes three private offices, a receptionist area, kitchen, and full bathroom with shower. Total approximate building area is ±9,356 SF.
The property occupies over 2.75 acres at 705 Ada Street in Adrian, Missouri. M-2 Industrial zoning supports heavy commercial and industrial uses, while the land provides room for exterior storage, equipment parking, and outdoor operations. The property is currently leased to a diesel mechanic and engine repair business.
The property occupies over 2.75 acres at 705 Ada Street in Adrian, Missouri. M-2 Industrial zoning supports heavy commercial and industrial uses, while the land provides room for exterior storage, equipment parking, and outdoor operations. The property is currently leased to a diesel mechanic and engine repair business.
Key Highlights
- 6,000 SF steel‑frame main shop with 300 SF office and restroom
- 1,800 SF secondary building with five overhead doors
- 1,256 SF office building with three private offices, kitchen, shower, and receptionist area
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
$34,819
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
5.13%
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%
$696,380
$696.4K
Cap Rate 7%
$497,414
$497.4K
Cap Rate 9%
$386,878
$386.9K
Market Conditions
NOI Build-Up for 6,000 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
$57.6K $9.60/SF
− Vacancy
−$4.0K −$0.67/SF
EGI
$53.6K $8.93/SF
− OpEx
−$18.7K −$3.12/SF
NOI
$34.8K $5.80/SF
Area
Bates County, MO
Vacancy
7.00%
Lease Rate
$9.60 /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%
$696,380
Cap Rate 7%
$497,414
Cap Rate 9%
$386,878
Alternative Uses
Best Use
Retail
$1.33M
$1.16M – $1.55M
NOI $92,801 @ 7.0% cap · market cap 13.67%
Second Best
Office B
$1.18M
$1.03M – $1.38M
NOI $82,771 @ 7.0% cap · market cap 12.19%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
154
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 64720, MO
3,869
Population
1,735
Households
2.2
Avg Household Size
43
Median Age
12%
College-Educated
91%
High-School Grad
132.8 sq mi
ZIP Area
29
Density / Sq Mi
$72,619
Median Household Income
$39,219
Median Earnings
$754
Median Rent
$163,100
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - M-2 industrial zoning combines shop, office, vehicle-access, and outdoor operating capabilities in one commercial property.
Where is this flex space located?
The property is located at 705 Ada Street Adrian, MO.
What is the asking price?
The asking price for this property is $679,000.
What are key features of this property?
This property features: 6,000 SF steel‑frame main shop with 300 SF office and restroom; 1,800 SF secondary building with five overhead doors; 1,256 SF office building with three private offices, kitchen, shower, and receptionist area
