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    316 Old 40 Hwy Odessa, MO 64076

    For Sale
    $1,250,000

    Prime Medical Office, High Occupancy, Missouri

    Property size:
    11,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional investment opportunity presents a two-story, 11,000-square-foot medical office building located at 316 W. Old 40 Highway in Odessa, Missouri, 64076. The property sits on a substantial 76,421-square-foot lot and offers excellent visibility and convenient access. The building is constructed of all brick and features a Net Lease (NNN) structure. Currently boasting 100% occupancy, the building is divided into two floors, each approximately 4,500 square feet. The first floor comprises two 2,000-square-foot spaces with a shared 500-square-foot common area, currently available for lease. The second floor is fully occupied by a medical group and a nail salon. The asking price is $1,250,000, translating to $113.64 per square foot based on the 5,500 square feet of net rentable space. The property enjoys a strategic location near several prominent businesses, including Nuts and Bolts True Value Hardware, McDonald's, Dollar General, Bank of Odessa, and Sonic, ensuring high traffic and visibility. This turnkey medical office building presents a strong investment opportunity with significant potential for future growth and income. The property's size, location, and current occupancy make it an attractive asset for investors seeking a stable and profitable addition to their portfolio.

    Property Features for 316 Old 40 Hwy

    General Information

    Property type
    Medical offices
    Square Feet
    11,000 SF

    Building Details

    Stories
    2

    HighLights

    • 11,000 SF two‑story building (4,500 SF per floor)
    • First floor offers two 2,000 SF spaces available, plus 500 SF of common area.
    • Second floor is fully occupied by a medical group and nail salon.
    • High visibility location.
    • Excellent ingress and egress.
    • All‑brick construction.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Map

    City
    Odessa
    County
    Lafayette
    State
    Missouri
    Longitude
    -93.955572
    Latitude
    39.0058239

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    FAQs

    What type of property is this?
    Medical office - Prime Medical Office, High Occupancy, Missouri
    Where is this medical office located?
    The property is located at 316 Old 40 Hwy Odessa, MO.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: 11,000 SF two-story building (4,500 SF per floor); First floor offers two 2,000 SF spaces available, plus 500 SF of common area.; Second floor is fully occupied by a medical group and nail salon.
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    Odessa, MO 64076
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    316 Old 40 Hwy Odessa, MO 64076
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