Industrial Flex Property with
For Sale
$679,000
705 Ada Street, Adrian, MO 64720
Commercial Sale, Adrian, MO
Property Size9,356 SF
Lot Size2.75 Acres
Price / SF$72.57
Days on Market99
Property Features for 705 Ada Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
M-2
Parking
5
Parking features
Parking Lot, Garage
Directions
From Interstate 49 at exit 141 turn west towards town and take first left and head one block south to property.
Subdivision
230 - Bates County, Mo
Standard status
Active
APN
Multiple see remarks
Lot size
2.75 Acres
Tenancy & Operations
Tenant in Place
Yes
Real Estate Included
Yes
Additional Details
Automotive Uses
auto repair
Property Use
Industrial Shop
Taxes and HOA fees
Tax Description
Lots 11, 11.01 & 12 LOT BLOCK H SMITH'S ADDITION
Tax Annual Amount
1863
Legal Description
Lots 11, 11.01 & 12 LOT BLOCK H SMITH'S ADDITION
Utilities
Utilities
Water Available
Building Details
Floors in Building
1
Buildings
3
Listing Agency:
Platinum Realty LLC
(888) 220-0988
Listed By:
Christopher Beshore
(816) 289-1521
Added: Jul 31
Changed: Oct 24
Last Checked: Nov 6 at 8:06AM
MLS# 2634591
Copyright © 2026 Heartland Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This flex property at 705 Ada Street combines a 6,000 SF steel-frame shop with a 300 SF office and restroom, plus a separate 1,800 SF wood-frame and metal shop. The secondary building has five overhead doors for vehicle, equipment, and material access. A dedicated 1,256 SF office building adds three private offices, a receptionist area, kitchen, and full bathroom with shower.
The property is zoned M-2 Industrial and is currently leased to a diesel mechanic and engine repair business. Garage and parking-lot features support on-site vehicle and equipment use, while available water service is listed among the utilities. The site includes approximately 2.75 acres, although the source information also describes the acreage as over 2.75 acres.
The property is zoned M-2 Industrial and is currently leased to a diesel mechanic and engine repair business. Garage and parking-lot features support on-site vehicle and equipment use, while available water service is listed among the utilities. The site includes approximately 2.75 acres, although the source information also describes the acreage as over 2.75 acres.
Key Highlights
- 6,000 SF steel‑frame shop with 300 SF office and restroom
- 1,800 SF secondary shop with five overhead doors
- 1,256 SF office building with three private offices and kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,295
Cap Rate
8.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,085,900
$1.1M
Cap Rate 7%
$775,643
$775.6K
Cap Rate 9%
$603,278
$603.3K
Market Conditions
NOI Build-Up for 9,356 SF
Gross rent
$89.8K $9.60/SF
− Vacancy
−$6.3K −$0.67/SF
EGI
$83.5K $8.93/SF
− OpEx
−$29.2K −$3.12/SF
NOI
$54.3K $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 Rate 5%
$1,085,900
Cap Rate 7%
$775,643
Cap Rate 9%
$603,278
Alternative Uses
Best Use
Retail
$2.07M
$1.81M – $2.41M
NOI $144,707 @ 7.0% cap · market cap 21.31%
Second Best
Office B
$1.84M
$1.61M – $2.15M
NOI $129,067 @ 7.0% cap · market cap 19.01%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
154
Businesses Nearby
Balanced
Demand for This Use
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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
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Combined industrial, vehicle-service, and administrative improvements are configured for active commercial operations.
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 shop with 300 SF office and restroom; 1,800 SF secondary shop with five overhead doors; 1,256 SF office building with three private offices and kitchen
