Multi-Building Government-Leased
806 Progress Drive Farmington, MO 63640
For Sale
$1,800,000
Four-building portfolio on 2.53 acres with leased office, shop, and a vacant shop, including shared fenced parking.
Lot Size2.53 Acres
Days on Market112
Property Features for 806 Progress Drive
General Information
- Standard status
- Active
- Lot size
- 2.53 Acres
Listing Agency:
Lorimont L.C.
(573) 334-5200
Listed By:
Chris Cole · License #2018017770
(573) 334-5200
Source:
Exprealty
Added: Apr 3
Changed: Jul 23
Last Checked: Jul 23 at 3:12PM
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 Lorimont L.C.
Investment Insights
Based on property information with market context.
This four-building property on 2.53 acres includes a main office building and multiple supporting structures. The 7,237 SF office building has been recently remodeled with a new furnace, two new A/C units, new doors, new ductwork, and new flooring. A rear building totals 2,127 SF and includes a shop, office, loft storage, and an overhead door.
The property is leased to USDA/Farm Services Agency through 2034, with USDA/FSA occupying the site since 1999. The current lease is guaranteed through November 2027. The rear building is also leased to the Missouri Department of Conservation. Additional tenants are expected to be added.
Also included is a vacant 800 SF shop with a garage door and restroom, accessible via an easement from Captain D’s. A new 400 SF utility shed supports operations, and there is a fenced parking bullpen shared between tenants. The next year and a half projects over $191,000+ in net operating income, reflecting a 10.63% initial cap rate.
The property is leased to USDA/Farm Services Agency through 2034, with USDA/FSA occupying the site since 1999. The current lease is guaranteed through November 2027. The rear building is also leased to the Missouri Department of Conservation. Additional tenants are expected to be added.
Also included is a vacant 800 SF shop with a garage door and restroom, accessible via an easement from Captain D’s. A new 400 SF utility shed supports operations, and there is a fenced parking bullpen shared between tenants. The next year and a half projects over $191,000+ in net operating income, reflecting a 10.63% initial cap rate.
Key Highlights
- Four‑building property in Farmington, MO on 2.53 acres, including leased office, shop, and a vacant 800 SF shop.
- USDA/Farm Services Agency lease on the main 7,237 SF office (812 Progress Dr.) through 2034; guaranteed through Nov. 2027; USDA/FSA occupied since 1999.
- Main office recently remodeled with a new furnace, two new A/C units, new doors, new ductwork, and new flooring.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
FAQs
What type of property is this?
Flex space - Four-building portfolio on 2.53 acres with leased office, shop, and a vacant shop, including shared fenced parking.
Where is this flex space located?
The property is located at 806 Progress Drive Farmington, MO.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Four‑building property in Farmington, MO on 2.53 acres, including leased office, shop, and a vacant 800 SF shop.; USDA/Farm Services Agency lease on the main 7,237 SF office (812 Progress Dr.) through 2034; guaranteed through Nov. 2027; USDA/FSA occupied since 1999.; Main office recently remodeled with a new furnace, two new A/C units, new doors, new ductwork, and new flooring.
