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    1304 Old Highway 40 Odessa, MO 64076

    For Sale
    $1,200,000

    30,000 SF Multi-Use Building, Missouri

    Property size:
    30,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional value-add investment opportunity presents a 30,000-square-foot flex space building situated on a 5-7 acre lot in Odessa, Missouri. The property, built in 1995, is currently vacant and offers significant upside potential. The single-story building features 16-foot ceilings and is comprised of nine individual units, providing flexibility for various uses. Ideal for adaptive reuse, the space is suitable for industrial, warehouse, distribution, office, and retail purposes. The property boasts convenient access to I-70, enhancing its logistical appeal. With four parking spaces per unit and a total of nine units, ample parking is available. The asking price is $1,200,000, translating to $40 per square foot. The property is offered with 100% ownership and presents a rare chance to acquire a substantial multi-unit complex in a strategic location. While currently at 3% occupancy, the potential for increased rental income is substantial given the building's size, location, and versatility. The property is classified as Class C and is being sold as-is. There are no ground leases or gas pumps associated with this property. Note that there are no loading docks or dock-high doors.

    Property Features for 1304 Old Highway 40

    General Information

    Property type
    Self storage facilities
    Square Feet
    30,000 SF
    Class
    C
    Lot Size
    217,800 SF

    Building Details

    Year Built
    1995
    Buildings
    1
    Stories
    1
    Units
    9

    HighLights

    • 30,000 SF flex space building on a 5‑7 acre lot in Odessa, MO.
    • Vacant, single‑story building with 16' ceilings, offering significant value‑add potential.
    • Nine individual units, adaptable for industrial, warehouse, distribution, office, or retail uses.
    • Excellent I‑70 access; ample parking (four spaces per unit).
    • $1,200,000 asking price ($40/SF); 100% ownership.
    • Class C property, sold as‑is; no ground leases or gas pumps; no loading docks or dock‑high doors.
    Property Profile Location Intelligence

    Current Use by Public Records

    Self storage facilities

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Wholesale Shop Nail Salon Hotel & Motel Gym & Fitness Auto Parts Store Storage Facility

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Odessa
    County
    Lafayette
    State
    Missouri
    Longitude
    -93.972787337012
    Latitude
    39.005918707284

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    FAQs

    What type of property is this?
    Self storage facility - 30,000 SF Multi-Use Building, Missouri
    Where is this self storage facility located?
    The property is located at 1304 Old Highway 40 Odessa, MO.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: 30,000 SF flex space building on a 5-7 acre lot in Odessa, MO.; Vacant, single-story building with 16' ceilings, offering significant value-add potential.; Nine individual units, adaptable for industrial, warehouse, distribution, office, or retail uses.
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    1304 Old Highway 40 Odessa, MO 64076
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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
    1304 Old Highway 40 Odessa, MO 64076
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