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    1232 Old Lake Lafayette, MO 64076

    Sponsored
    For Sale
    $900,000

    23,000 SF Mixed-Use Property, Vacant

    Property size:
    23,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 23,000-square-foot commercial property in Odessa, Missouri, presents a compelling value-add investment opportunity. Located at 1232 Old U.S. 40, this single-story, 1995-built building sits on a 5-7 acre lot and offers significant potential for redevelopment or lease-up. Currently vacant, the property boasts a flexible layout suitable for various uses, including retail, office, industrial, or self-storage, as indicated by its mixed-use classification. The building features a 16-foot ceiling height and ample parking with 10 spaces per unit across its five units. Its strategic location provides direct access to I-70, enhancing visibility and accessibility. Priced at $900,000, or $39.13 per square foot, this property represents a strong return on investment for a savvy buyer. The property is classified as Class C and offers 100% ownership. There are no loading docks or dock-high doors. The absence of existing tenants allows for complete customization to suit a wide range of business needs. This is a rare opportunity to acquire a substantial commercial property in a growing Missouri market. The property is zoned for convenience store, grocery store, and shopping center uses.

    Property Features for 1232 Old

    General Information

    Property type
    Lifestyle centers
    Square Feet
    23,000 SF
    Class
    C
    Lot Size
    217,800 SF

    Building Details

    Year Built
    1995
    Buildings
    1
    Stories
    1
    Units
    5
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Map

    City
    Lake Lafayette
    County
    Lafayette
    State
    Missouri
    Longitude
    -93.9470396
    Latitude
    38.9628463

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Lifestyle center - 23,000 SF Mixed-Use Property, Vacant
    Where is this lifestyle center located?
    The property is located at 1232 Old Lake Lafayette, MO.
    What is the asking price?
    The asking price for this property is $900,000.
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    1232 Old Lake Lafayette, 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
    1232 Old Lake Lafayette, MO 64076
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